70
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885 Nafa 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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 19, 2026 | Price Increased |
$4,100,000
↑ $100K
(2.5%) | |
| Price Increased | |||
| Apr 24, 2026 | Listed by Douglas Elliman | $4,000,000 | |
| Listed by Douglas Elliman | |||
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Dec 29, 2025 | In contract | - | |
| In contract | |||
| Nov 17, 2025 | Listed by Compass Florida LLC | $2,850,000 | |
| Listed by Compass Florida LLC | |||
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Discover coastal luxury living in this beautifully upgraded single-story ranch home located in the highly sought-after Tropic Isle community of East Boca Raton. Offering over 2,600 sqft of refined living space, this 3-bedroom, 2.5-bath residence blends modern comfort with timeless style, all just moments from the Intracoastal and the best of South Florida living. Step inside to find impact windows and doors throughout, along with a newly designed, chef-inspired kitchen. This stunning space features quartz countertops, an oversized 8-ft center island, champagne bronze hardware, dual beverage coolers, and top-of-the-line appliances, including a Sub-Zero refrigerator and GE Monogram double oven, microwave, and dishwasher. Custom built-ins continue throughout the bedrooms and family room, enhancing both function and style. The expansive primary suite offers a serene retreat with its own office/lounge area overlooking the pool and dock, a spa-inspired en-suite bath with a claw-foot soaking tub, frameless glass shower, and a generous walk-in closet. Step outside to your private waterfront oasis. The salt-system heated pool overlooks the canal with direct Intracoastal access. Boating enthusiasts will appreciate the 25,000-lbs lift, private 90-ft dock, and fish-cleaning station, making days on the water effortless. A covered entertainment area with a built-in grill and mounted TV creates the perfect setting for outdoor gatherings. Additional features include a full-house generator, full-house water softener system, and a central vacuum system, ensuring comfort, convenience, and peace of mind year-round. This is South Florida living at its finest, luxurious, effortless, and perfectly situated in one of Boca Raton's premier waterfront neighborhoods.
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About Tropic Isle South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017