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98 NE Spanish Trail
About This Property
The first floor boasts key features include soaring ceilings, a modern open concept kitchen equipped with a natural gas Wolf range and Sub-Zero appliances, butler's pantry, & custom cabinetry. There is one guest bedroom situated on the first floor & an office.
The second floor features a primary suite, serving as a sanctuary of comfort, private balcony with intracoastal views, his and her walk-in closet, & separate vanities.
The third floor features the 5th bedroom perfect for guests, with a private staircase, for the ultimate privacy, as well as a club room perfect for hosting. Panoramic views lead out to the expansive terrace 2,000 sq. ft. terrace with sweeping views of the ocean, intracoastal, & downtown Boca Raton.
The outdoor living space encompasses Florida living at its finest, with a summer kitchen, and al-fresco dining area alongside a stunning pool, all offering the great opportunities that South Florida has to offer.
The residence has a sophisticated AV and lighting system, pre-wired for motorized shades and drapery, as well as security cameras. Additional features include a three-floor elevator, and a three-car garage.
Located just a short distance from the best of South Florida beaches, Red Reef Park and nearby golf courses. Tennis, yachting and spa enthusiasts also will appreciate the community's proximity to the world-class The Boca Raton and the Beach Club. For additional casual and fine dining, shops, social and cultural opportunities, Mizner Park and Royal Palm Place are minutes away.
The luxurious living experience, coupled with the exquisite finishes and meticulous attention to detail throughout 98 NE Spanish Trail, elevate its appeal to unmatched levels of luxury. Don't miss the opportunity to claim this home as yours; the time is now.
DISCLAIMER: Builder and/or Seller reserve the right to make changes and/or modifications to plans, specifications, features, colors and prices. All plans, renderings, and videos shown are artists' conceptions. The information herein is believed to be accurate but not guaranteed and may be subject to errors, omissions and changes without notice. All measurements, dimensions, room sizes and lot sizes are approximate. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information.
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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.
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.
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About Boca Raton Riviera
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