880 Berkeley Street
About This Property
The master suite offers intercostal views, walk-in closets and a spa-like master retreat. Primary staircase leads to the Master suite. A second staircase leads to 5 private bedroom suites, each including a private balcony with water views.
Elevator, Whole-home gas generator,500-gallon gas tank, complete impact glass, a fireplace, upstairs/downstairs laundry rooms, $125,000 Connect4 video & security system, salt water in-ground pool and whirlpool spa, a newer roof and 5 newer A/C Units.
5,000.00 Bonus to Buyer's Agent at Closing
5,000.00 to Buyer for Closing costs.
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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 |
|---|---|---|---|
| May 3, 2024 | Sold | ||
| Sold | |||
| Jul 7, 2023 | Listed by The Corcoran Group | $7,495,000 | |
| Listed by The Corcoran Group | |||
| | |||
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This exclusive waterfront estate in Boca Raton epitomizes the pinnacle of luxury living in South Florida. Recently reduced by over $1,500,000.00, this remarkable property now stands as one of the most extraordinary waterfront values in Palm Beach County, offering unparalleled elegance and sophistication. Nestled on a double point lot with an impressive 260 feet of prime waterfrontage, this home provides unparalleled views of the sparkling Intracoastal Waterway that will take your breath away. Meticulously renovated with over $1.5 million in recent updates, this residence boasts an array of top-of-the-line features and amenities that cater to the most discerning of tastes. Boating enthusiasts will delight in the convenience of a 27,000-pound boat lift capable of accommodating up a 40 foot vessel, as well as a dock capable of hosting an 80-foot boat.
The interior of this magnificent residence is equally impressive, with an elevator providing easy access to all levels, a smart home automation system for modern convenience, and opulent finishes throughout. The expansive outdoor living space offers a reinforced seawall, a saltwater pool, a sunken fire pit, a custom outdoor kitchen, and a commercial grade al fresco pizza oven, making it an ideal setting for entertaining or simply unwinding in the ultimate luxury.
Other notable features of this estate include a full home theater, an 800-pound custom chandelier, a Viking/Sub-Zero gourmet kitchen, and an abundance of custom millwork that adds an exquisite touch of timeless elegance. Ideally situated in Palm Beach County, this exceptional property is just moments away from world-class shopping, dining, and entertainment options, further enhancing the allure of this extraordinary residence. Embodying the essence of waterfront living at its finest, this is truly an unparalleled opportunity to experience the epitome of luxury living in South Florida.
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| May 26, 2021 | Sold | ||
| Sold | |||
| Jun 17, 2019 | Listed by Douglas Elliman | $5,395,000 | |
| Listed by Douglas Elliman | |||
| Dec 28, 2007 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017