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808 Dover Street
About This Property
Commanding a premier position just off the Intracoastal with coveted southern exposure, this magnificent deepwater Mediterranean estate defines refined coastal luxury. Set within a private gated enclave and fronting a wide turning basin, the residence offers 85 feet of prime dockage, delivering an exceptional yachting lifestyle for discerning boaters.
This custom-built estate showcases five expansive bedroom suites, 4.5 baths, a stately library, and four walk-out balconies, all executed with uncompromising craftsmanship and timeless elegance. Marble floors flow throughout the main living areas and ascend the dramatic wrought-iron grand staircase, creating a seamless sense of grandeur. The grand living room makes a striking statement with a floor-to-ceiling stone, wood-burning fireplace and elegant bay windows framing serene water and pool views. Designed for sophisticated entertaining, the resort-style outdoor oasis features a spacious pool, spa, and fully equipped summer kitchen with custom gas grill--perfect for alfresco gatherings beneath the Florida sun.
At the heart of the home, the show-stopping chef's kitchen is a culinary masterpiece, appointed with top-tier appliances including a Sub-Zero refrigerator, Thermador gas cooktop, Bosch dishwasher, and double ovens, anchored by an oversized granite island with prep sink--equal parts functional and stunning.
The luxurious primary suite is a private sanctuary, offering a generous bedroom, private balcony, morning bar, and a newly reimagined spa-inspired bath designed for pure indulgence. Additional living spaces include an elegant library and multiple balconies, ideal for savoring gentle coastal breezes and golden sunsets.
Impact-resistant windows and French doors provide security and peace of mind, while a 2017 roof enhances long-term value and durability. With exceptional southern exposure, premier water frontage, yacht-ready dockage, and an elite Boca Raton location, this extraordinary estate represents the pinnacle of waterfront living.
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Bel Marra
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017