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8805 New River Falls Road
About This Property
Built in 2020 by GL Homes, the home includes a 4-car garage & a gourmet kitchen equipped with high-end Wolf, GE, & LG appliances, a gas cooktop & custom pull-out drawers. A dedicated media room & sophisticated finishes throughout highlight the home's thoughtful design & modern upgrades.
Residents of Lotus enjoy access to a 30,000 sq. ft. clubhouse with resort-style pools, a state-of-the-art fitness center, tennis & pickleball courts, indoor sports facilities, and a full calendar of social events, all within one of Boca Raton's most desirable gated communities. See floor plan in Photos
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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%.
How much can I actually make?
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 29, 2026 | Sold | ||
| Sold | |||
| Apr 2, 2026 | In contract | - | |
| In contract | |||
| Mar 6, 2026 | Relisted | $2,695,000 | |
| Relisted | |||
| Feb 9, 2026 | No longer available | - | |
| No longer available | |||
| Dec 10, 2025 | Price Decreased |
$2,750,000
↓ $75K
(2.7%) | |
| Price Decreased | |||
Property Highlights
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017