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799 Park Drive
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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 |
|---|---|---|---|
| Mar 2, 2026 | Listed by Coldwell Banker/BR | $5,500,000 | |
| Listed by Coldwell Banker/BR | |||
| Jan 16, 2026 | Sold | ||
| Sold | |||
| Oct 22, 2025 | Listed | $5,900,000 | |
| Listed | |||
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Stunning New Construction in Boca Raton’s prestigious Por La Mar. This 6-bedroom, 6.5-bath residence offers 5,000 sq ft of elegant living space with modern design and timeless sophistication. The first floor features one bedroom and one and a half baths and an office, ideal for guests or multi-generational living. The second floor includes four bedrooms and four baths, with a club room and a study. Designed for luxury and comfort, this home includes a private elevator, whole-house generator, and a spacious four-car garage. Step outside to a private pool surrounded by lush greenery, tranquil garden views, and patio space—perfect for entertaining or relaxing in luxury. Located just steps from the beach and moments from downtown Boca Raton’s finest dining, shopping, and nightlife.
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| Sep 26, 2024 | Listed by Beautiful Homes Realty Inc | $1,900,000 | |
| Listed by Beautiful Homes Realty Inc | |||
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At 799 Park Drive, a rare opportunity presents itself—a blank canvas within the serene Por La Mar community. This vacant lot, covering more than 7,900 square feet, offers ample space to design a custom residence that embodies both tranquility and accessibility. Just one block from the beach, the location seamlessly merges coastal beauty with nearby conveniences. Adjacent to this property, 109 SE Olive Way stands as a complementary option, with each property available separately. Whether combined or developed individually, these properties provide the freedom to create a personal retreat in the heart of Boca Raton. ** Seller Financing Available **
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About Boca Raton Por La Mar
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$7,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017