520 Phillips Drive, Boca Raton, FL 33432 — MLS photo

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520 Phillips Drive, Boca Raton, FL 33432

Active · SingleFamilyResidence

$4,250,000

520 Phillips Drive, Boca Raton, FL 33432

Beds
3
Baths
3
Living area
2,641 sq ft
$ / sq ft
$1,609/sq ft
Year built
1994
Lot size
8,925 sq ft
HOA fee
—
Annual tax
—

About this property

An exceptional opportunity located in Boca Raton's coveted Golden Harbour community awaits. This extremely rare offering presents unmatched potential in an irreplaceable location boasting 85' feet of direct deep-water frontage and desirable south exposure. Golden Harbour is East Boca Raton's premier waterfront neighborhood. Enjoy easy access to South Florida's most exclusive amenities, including beaches, golf courses, Lake Boca, Red Reef Park and the world-renowned Boca Raton Resort & Beach Club. Walkability to Mizner Park and Royal Palm Place offer additional fine dining and upscale shopping. Build a custom dream estate expanding 7000+ square feet or develop a spec home surrounded by ultra luxury residences in this prestigious enclave.

Property location

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520 Phillips Drive, Boca Raton, FL 33432

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
2,641 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1994
Lot size
8,925 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Palm Beach
MLS listing ID
F10551329
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

-$14,559

Cap rate
1.6%
Net yield
1.6%
Cash-on-cash return
-14.7%
Gross yield
4.6%
Mortgage payment
$20,147/mo
Down payment
$1,062,500
Loan amount
$3,187,500
Annual NOI
$67,063

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