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235 SE WAVECREST WAY
BOCA RATON, FL 33432
Asking Price
$2.80M
Asset Type
Residential Land
Class
Class B
What's Special
Residential Development <p>• Rare turnkey luxury home development opportunity in Boca Raton's prestigious Por La Mar neighborhood</p><p>• Barrier island location just steps from the beach</p><p>• Lot includes architectural plans that are ready for permit submission, reducing development timelines</p><p>• Purchase individually or as part of a two-lot assemblage for increased flexibility and value</p><p>• Proposed modern estate features approximately 6,500+ SF of living area and 8,666 SF total</p><p>• Planned improvement
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NOI
$80,000
Cap Rate
2.86%
DSCR
0.48
Underwater
Cash-on-Cash
-10.27%
Monthly Payment
$13,852.872
Annual Cash Flow
$-86,234.467
