701 W Ocean Avenue, Boynton Beach, FL 33426 — MLS photo

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701 W Ocean Avenue, Boynton Beach, FL 33426

Active · SingleFamilyResidence

$1,395,000

701 W Ocean Avenue, Boynton Beach, FL 33426

Beds
3
Baths
2
Living area
4,104 sq ft
$ / sq ft
$340/sq ft
Year built
1925
Lot size
—
HOA fee
—
Annual tax
—

About this property

Built in 1925, this fabulous Mediterranean estate home still carries itself like it did in the bygone era of the roaring 20's! The wonderful blend of charm, detail, grandeur and quality are evident everywhere you look. The main house has 4 bedrooms and seems like it goes on forever with glistening hardwood floors and tons of natural light. The main living areas all flow beautifully to the resort style backyard and pool with two separate and private guest houses adding three more bedrooms, 3 more baths and two more kitchens to the mix. This estate welcomes either a large family needing tons of space or it can continue as a very popular and successful Airbnb that can accommodate as many as 20 overnight guests and plays host to events like wedding receptions and family celebrations. The fall and winter bookings are already underway proving to be another great season.

Property location

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701 W Ocean Avenue, Boynton Beach, FL 33426

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Facts & features

Interior

Bedrooms
3
Bathrooms
2
Living area
4,104 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1925

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Palm Beach
MLS listing ID
R11129380
Listing status
Active

Investment intelligence

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

$465

Cap rate
6.1%
Net yield
6.1%
Cash-on-cash return
1.4%
Gross yield
9.7%
Mortgage payment
$6,613/mo
Down payment
$348,750
Loan amount
$1,046,250
Annual NOI
$84,938

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.