840 Park Dr
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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.
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 |
|---|---|---|---|
| Oct 4, 2022 | No longer available | - | |
| No longer available | |||
| Jun 2, 2022 | Listed by Compass Florida LLC | $4,450,000 | |
| Listed by Compass Florida LLC | |||
| | |||
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This recently built contemporary home is located in one of the most exclusive beachside neighborhoods of Por La Mar, between the intracoastal water way and the Atlantic Ocean. As you approach this home you immediately notice the large custom wood entryway which opens to your expansive foyer with over 25ft of ceiling height. The main level features custom chefs kitchen; South facing oversized windows surrounding the space and a large bedroom overlooking the pool, gazebo and summer kitchen. Less than two blocks to the Beach and a short walk to Mizner Park and all that Downtown Boca Raton has to offer. This home is currently tenant occupied until Dec, 2023. Excellent income producing opportunity in a location that is seeing tremendous growth. The manager has listed the unit size as 4253 square feet.
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| Mar 5, 2021 | Sold | ||
| Sold | |||
| Dec 3, 2020 | Listed by The Keyes Company | $2,688,888 | |
| Listed by The Keyes Company | |||
| Jun 3, 2019 | 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