776 Periwinkle Street
About This Property
The prized neighborhood of Old Floresta was originally established in the mid 1920's by celebrated society architect Addison Mizner. Rarely available, this authentic Mizner jewel dates back to 1926 and is an original Addison Mizner home nestled in Boca Raton's highly sought after historic neighborhood of Old Floresta. This historically designated 3 bedroom, 3.1 bathroom home presents stunning architectural details including Pecky Cypress ceilings, wrought iron fencing, handmade tiles, hard wood floors, 10' and 14' ceilings throughout and wood burning fireplace. A tropical oasis surrounds the outdoor pool where there is complete privacy and an ideal setting for entertaining. The charm and value of this home makes it an absolute stand-out!
The prized neighborhood of Old Floresta was originally established in the mid 1920's by celebrated society architect Addison Mizner, whose picturesque Spanish Mediterranean designs defined the city's signature style that endures to this day. Named "Floresta" ("a delightful rural place"), the neighborhood took shape on lush tree-lined streets evocatively named for flowering plants. Today, Old Floresta holds special appeal as a uniquely distinctive and desirable address, located in the heart of Boca Raton, only minutes away from Mizner Park's world-class shopping and dining, the Boca Raton Resort and Club, pristine Atlantic ocean beaches, top rated public and private schools and Boca Raton's private executive airport.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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About Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017