702 S Atlantic Drive, Lantana, FL 33462 — MLS photo

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702 S Atlantic Drive, Lantana, FL 33462

Active · SingleFamilyResidence

$2,299,000

702 S Atlantic Drive, Lantana, FL 33462

Beds
3
Baths
3
Living area
2,050 sq ft
$ / sq ft
$1,121/sq ft
Year built
1966
Lot size
7,749 sq ft
HOA fee
—
Annual tax
$20,460

About this property

Presenting an extraordinary opportunity to own a home on one of Florida's most exclusive island enclaves. Nestled nearly half a mile into prestigious Hypoluxo Island, you arrive to a circular driveway framed by lush tropical landscaping. An immediate sense of privacy and elegance welcomes you. Inside, the residence showcases a seamless blend of sophistication and modern design. The main home features 2 bedrooms and 1.5 bathrooms, thoughtfully designed for both everyday living and elevated entertaining. Distinguishing this property is the private, fully appointed guest studio suite—complete with its own separate entrance. Outdoors holds a newly constructed pool with a sun shelf that anchors this redesigned backyard. This perfect outdoor living space is both tranquil and sophisticated. Residents of Hypoluxo Island enjoy close proximity to pristine beaches, world-class dining & clubs, and the unparalleled prestige that makes this island so desirable. This is more than a residence—it's a statement of island elegance and elevated living.

Property location

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702 S Atlantic Drive, Lantana, FL 33462

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
2,050 sq ft
Flooring
Marble, Tile
Appliances
Built In Oven, Dryer, Dishwasher, Electric Range, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air, Ceiling Fans
Heating
Central, Heat Pump
Interior features
Bedroom On Main Level, Main Level Primary, Main Living Area Entry Level, Walk In Closets, Pantry
Furnished
Negotiable

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1966
Stories
2
Lot size
7,749 sq ft
Architectural style
Mediterranean
Roof
Spanish Tile, Tile
Construction
Brick, Block, Stucco
Exterior features
Fence, Fruit Trees, Lighting
Pool
Fenced, Heated, Other, Pool, Private

Parking

Covered spaces
0
Parking features
Circular Driveway, Driveway, Open, Paver Block, Two Or More Spaces

HOA, Community & Financials

Association fee
$0
Amenities
Pool
Security
Intercom, Phone Entry, Smoke Detectors
Pets allowed
No
Annual tax
$20,460
Subdivision
HYPOLUXO ISLAND ADD
County
Palm Beach
Days on market
196
MLS listing ID
B26012657
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

-$4,934

Cap rate
3.1%
Net yield
3.1%
Cash-on-cash return
-9.2%
Gross yield
5.2%
Mortgage payment
$10,898/mo
Down payment
$574,750
Loan amount
$1,724,250
Annual NOI
$71,577

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