785 Lake Drive
About This Property
Second Floor: Four bedroom suites provide custom boutique closets. The grand master suite showcases walnut wood floors and a fireplace. Also, French doors open to a tree-top balcony above the pool. Customized his-and-her walk-in closets are accompanied by a richly appointed marble bath with spa tub plus glassed shower. Additional features include impact windows and doors as well as a whole house back-up generator serviced by natural gas from street.
Location: Lake Drive, Boca Raton, Florida. Por La Mar is a prestigious beachside neighborhood situated on Lake Boca Raton across from the historic Boca Raton Resort & Club, a short walk from the beach and Palmetto Park Road's fine restaurants and boutiques.
Property: Evoking the ambiance of a Tuscan villa, this beautiful estate is nestled on private grounds brimming with tropical vegetation highlighted by dramatic landscape lighting. Tranquility pervades the Chicago brick expanded driveway, walk ways and entertainment patio that encompasses a classic sun splashed pool.
Residence: Old World warmth refines this elegant residence in a spacious, well-flowing floor-plan totaling 4,990A± square feet with 4 or a 5th convertible bedroom, 5A½ baths, and 2-bay garage.
Showing by appointment only.
The information herein is believed to be accurate but is not guaranteed and may be subject to errors or omissions, and may be changed without notice. All measurements are approximate.
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What does this mean?
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.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 7, 2021 | Sold | ||
| Sold | |||
| Feb 11, 2021 | Listed by Premier Estate Properties Inc | $2,595,000 | |
| Listed by Premier Estate Properties Inc | |||
| Jul 15, 2019 | Sold | ||
| Sold | |||
| Apr 7, 2019 | Listed by Premier Estate Properties Inc | $1,995,000 | |
| Listed by Premier Estate Properties Inc | |||
| Jul 24, 2015 | Sold | ||
| Sold | |||
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About Boca Raton Por La Mar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017