941 S Ocean Boulevard
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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 |
|---|---|---|---|
| Mar 27, 2026 | Sold | ||
| Sold | |||
| Mar 26, 2026 | Listed by Douglas Elliman | $26,000,000 | |
| Listed by Douglas Elliman | |||
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941 South Ocean Boulevard is one of the most extraordinary oceanfront land offerings in all of South Florida. Situated in the heart of Delray Beach's prestigious Estate Section, this remarkable parcel features 110 feet of direct ocean frontage and an impressive 700+ feet of depth from the road to the ocean, creating a scale and presence that is exceptionally rare. Set high on the dune, the property offers superior elevation, breathtaking vantage points, and the kind of setting that is becoming increasingly difficult to find along this coveted stretch of coastline. With its depth, privacy, and commanding position, this is a truly unique opportunity to create a world-class oceanfront estate in one of the most desirable enclaves in Palm Beach County.
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| Jul 30, 2025 | Sold | ||
| Sold | |||
| Jul 29, 2025 | Listed by Douglas Elliman | $22,000,000 | |
| Listed by Douglas Elliman | |||
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Oceanfront vacant parcel in East Delray Beach
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| Mar 29, 2013 | Sold | ||
| Sold | |||
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About Delray Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017