720 N Ocean Boulevard, Delray Beach, FL 33483 — MLS photo

Get More Info About This Property

720 N Ocean Boulevard, Delray Beach, FL 33483

Active · SingleFamilyResidence

$7,495,000

720 N Ocean Boulevard, Delray Beach, FL 33483

Beds
7
Baths
11
Living area
7,471 sq ft
$ / sq ft
$1,003/sq ft
Year built
2015
Lot size
17,510 sq ft
HOA fee
—
Annual tax
—

About this property

Welcome to an artfully designed luxury residence at 720 N Ocean Blvd, Delray Beach, FL, where whimsy meets modern comfort. This striking, unique single-family home spans over 7400 square feet and offers seven bedrooms, providing ample space for family and guests. Step inside to discover a world of architectural beauty, featuring built-ins, crown mouldings, and high ceilings that create an open and airy ambiance - a perfect backdrop for art. The spiral staircase is a striking focal point, while the sound system and wet bar enhance the home's entertainment capabilities. The chef's kitchen is a culinary dream, equipped to handle everything from intimate dinners to grand gatherings. Terrazzo floors flow throughout the home, complemented by the warm glow of chandeliers, recessed lighting, and natural light from skylights. The main floor primary suite offers a private retreat with luxurious amenities including a soaking tub and separate shower. The home offers a dual sided elevator, full house generator, reverse osmosis water filtration system, and video security system provides peace of mind. Outside, the property boasts a totally private, center courtyard that includes an infinity pool with spa, garage with gated drive access and a third floor sundeck with an ocean view, service kitchen and sauna. Private gated beach access ensures the opportunity to enjoy beautiful Delray beach. This home is not just a residence; it's a lifestyle, offering the perfect blend of privacy and convenience in the heart of Delray Beach. Don't miss the opportunity to make this exceptional property your own.

Property location

Get Directions

720 N Ocean Boulevard, Delray Beach, FL 33483

Loading property location…

Facts & features

Interior

Bedrooms
7
Bathrooms
11
Living area
7,471 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2015
Lot size
17,510 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Palm Beach
MLS listing ID
R11157575
Listing status
Active

Investment intelligence

Yield & ROI calculator

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

Estimated monthly cash flow

-$21,116

Cap rate
2.3%
Net yield
2.3%
Cash-on-cash return
-12.1%
Gross yield
5.5%
Mortgage payment
$35,530/mo
Down payment
$1,873,750
Loan amount
$5,621,250
Annual NOI
$172,967

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