1180 S Ocean Blvd Unit 3f · Boca Raton, FL
Flood risk 6/10 · Moderate
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.74%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 9/10 · Severe
- Hot days now (above 106°F)
- 7 days/yr
- Hot days in 30 yrs
- 25 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- ARV discount +15.0/15.0
- Schools +5.7/10.0
- Condition / age +4.8/5.0
- Livability +3.9/5.0
- Rent growth +3.6/5.0
- 1% rule +2.8/10.0
- Cash flow +0.0/30.0
- DSCR +0.0/10.0
- Appreciation +0.0/10.0
$800,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
CLOISTER DEL MAR IS A WELL CARED FOR BOUTIQUE BLDG. 24 HR GUARD. THIS IS AN ESTATE SALE. BRING ALL OFFERS. NEXT PRICE FOR A 3BR UNIT IS $650,000. NO SPECIAL ASSESSMENTS AT THIS TIME. NO RENTAL FOR FIRST 3 YEARS AND ONLY 1 TIME EACH 3 YEARS. ELEVATOR OPENS TO ONLY 2 APTS PER FLOOR.. MANAGER ON SITE. UNDERGROUND PARKING.
Key facts
- Beachfront living
- Private balcony
- Updated kitchen
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.5-bath condo listed at $800k. Condition is rated excellent.
Deal economics
- At list price, monthly cash flow is $-4k ($-46k/yr) — negative.
- To cash-flow at today's rent, offer at most $247k (69.1% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $628k (21.5% below list).
- Recommended offer: $247k (69.1% below list) — sets the bar for cash-flow.
- Cap rate 0.6% vs local median 3.3% in Boca Raton — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.
Location & tenants
- Location reads 77/100 on livability (#192 in FL, #3,070 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, health & safety A+, crime B+; Watch: amenities D, cost of living F.
- Palm Beach (suburban): math 46% / reading 53% proficiency, ranked #34 of 73 in FL (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Zoned schools: Boca Raton Elementary School (math 47% / reading 52%, grade D, #1,088 of 2,144 statewide, top 53%, 365 students, 62% FRL); Boca Raton Community Middle School (math 59% / reading 61%, grade B, #135 of 571 statewide, top 24%, 1,225 students, 41% FRL); West Boca Raton High School (math 55% / reading 70%, grade B-, #93 of 667 statewide, top 14%, 2,271 students, 28% FRL).
- Market conditions: Rents rising fast (+4.6%/yr); 708 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 66d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
- At $6,278/mo this rent would consume 70% of the median local household income ($107k/yr) (locally 15% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $6k of loan paydown is wiped out by about $24k of value loss. Plan a longer hold.
- Palm Beach County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- It's been on market 195 days — a 12% lower offer ($704k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts since 13y ago; this cycle's ask has dropped $50k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $400k; list at $800k implies a 100% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: HOA is 52% of rent.
- Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 195 days. Have you received any prior offers? Is the seller open to a 69% concession, seller financing, or rate buy-down credit?
- Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 0.78% ✗
- Cap rate
- 0.56%
- Cash-on-cash
- -20.48%
- DSCR
- 0.09
- GRM
- 10.6
CMA / ARV
- ARV (median comp)
- $1,244,892
- List price
- $800,000
- Delta
- -35.74%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 950 De Soto Rd Unit 5a | 0.14mi | 3/3.0 | 2,290 (+20%) | 1mo | $995,000 | $434 | 66 |
| 1040 Banyan Rd Unit 401c | 0.28mi | 3/2.5 | 1,557 (-19%) | 1mo | $675,000 | $434 | 61 |
| 200 SW 5th St | 1.33mi | 3/2.0 | 1,944 (+2%) | 1mo | $702,000 | $361 | 60 |
| 1537 E Hillsboro Blvd #341 | 1.37mi | 3/2.5 | 1,816 (-5%) | 0mo | $700,000 | $385 | 56 |
| 2051 SE 3rd St #407 | 1.46mi | 3/2.5 | 2,056 (+7%) | 0mo | $1,330,000 | $647 | 53 |
| 700 S Ocean Blvd #803 | 0.64mi | 2/2.0 (-1) | 1,710 (-11%) | 1mo | $1,550,000 | $906 | 44 |
| 100 SE 5th Ave #106 | 1.07mi | 2/2.0 (-1) | 1,706 (-11%) | 0mo | $1,312,500 | $769 | 40 |
| 501 SW 11th Pl #418 | 1.43mi | 3/2.0 | 1,440 (-25%) | 0mo | $285,000 | $198 | 38 |
| 155 E Boca Raton Rd #611 | 1.46mi | 3/3.0 | 2,308 (+20%) | 1mo | $2,175,000 | $942 | 37 |
| 550 S Ocean Blvd S #906 | 0.80mi | 2/2.0 (-1) | 1,448 (-24%) | 0mo | $1,945,000 | $1,343 | 33 |
| 500 S Ocean Blvd #2204 | 0.83mi | 2/2.0 (-1) | 1,446 (-24%) | 1mo | $1,500,000 | $1,037 | 32 |
| 120 SE 5th Ave #223 | 1.07mi | 2/2.0 (-1) | 1,630 (-15%) | 1mo | $920,000 | $564 | 32 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 4.56% rent growth · sell at horizon
- IRR
- -54.7%
- Equity multiple
- -0.61×
- Total profit
- $-361,018
- Equity at exit
- $119,283
- IRR
- -90.1%
- Equity multiple
- -1.58×
- Total profit
- $-576,993
- Equity at exit
- $69,169
Cash invested: $224,000 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 87 Strongly Landlord-Friendly
- State Florida
- 87 Strongly Landlord-Friendly · R+3
- County
- — inherits STATE
- City
- — inherits STATE
Active competition Active MLS
- For sale now
- 3 active · 4 under contract
- Median asking
- $1,100,000 ($479/sqft)
- Median days on market
- 36 d
- This list price
- 33% of active listings are priced below it
- ARV vs active asking
- +35.6% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33432
- Rents YoY
- 4.6%
- Active inventory
- 708
- Price-to-rent
- 10.6×
Monthly cashflow live
- Estimated rent
- $6,278 high interval (Pro) →
- Mortgage (P&I)
- −$4,195
- Tax est. 1.5%
- −$1,000 /mo · $12,000/yr
- Insurance
- −$333
- HOA
- −$3,254
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$1,318
- Net cashflow
- $-3,823
Break-even live
Sensitivity live
| Price | -10% $-3,270 | -5% $-3,547 | +0% $-3,823 | +5% $-4,099 | +10% $-4,376 |
|---|---|---|---|---|---|
| Rent | -10% $-4,319 | -5% $-4,071 | +0% $-3,823 | +5% $-3,575 | +10% $-3,327 |
| Rate | -1.0pp $-3,420 | -0.5pp $-3,619 | base $-3,823 | +0.5pp $-4,030 | +1.0pp $-4,241 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $200,000
- Closing costs
- $24,000
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1180 S Ocean Blvd Unit 12 F Boca Raton, FL | 3.0 | 2.5 | 1916 | $6,300 | $3.29 | 3d | 1 | 0.01mi |
| 1180 S Ocean Blvd Unit 12 F Boca Raton, FL | 3.0 | 2.5 | 1916 | $6,300 | $3.29 | 10d | 1 | 0.01mi |
| 1180 S Ocean Blvd #55 Boca Raton, FL | 2.0 | 2.0 | 1300 | $4,000 | $3.08 | 158d | 1 | 0.01mi |
| 1200 S Ocean Blvd Boca Raton, FL | 2.0 | 2.0 | 1230 | $6,000 | $4.88 | 115d | 2 | 0.03mi |
| 1200 S Ocean Blvd Unit A Boca Raton, FL | 3.0 | 2.5 | 2006 | $12,000 | $5.98 | 37d | 1 | 0.04mi |
| 1200 S Ocean Blvd Unit 12G Boca Raton, FL | 2.0 | 2.0 | 1230 | $7,500 | $6.10 | 92d | 1 | 0.04mi |
| 1200 S Ocean Blvd Unit 17C Boca Raton, FL | 2.0 | 2.0 | 1230 | $4,500 | $3.66 | 165d | 1 | 0.04mi |
| 1299 S Ocean Blvd Unit L5 Boca Raton, FL | 2.0 | 2.0 | 1559 | $4,500 | $2.89 | 103d | 1 | 0.11mi |
| 1500 S Ocean Blvd #704 Boca Raton, FL | 2.0 | 2.5 | 2156 | $12,500 | $5.80 | 10d | 1 | 0.14mi |
| 950 De Soto Rd Unit 2B Boca Raton, FL | 3.0 | 2.0 | 2307 | $8,500 | $3.68 | 46d | 1 | 0.15mi |
| 1111 S Ocean Blvd Boca Raton, FL | 2.0–3.0 | 2.0–2.5 | 1313 | $5,000 | $3.81 | 165d | 3 | 0.18mi |
| 1141 Banyan Rd Boca Raton, FL | 4.0 | 4.0 | 2574 | $17,000 | $6.60 | 10d | 1 | 0.23mi |
| 1040 Banyan Rd Boca Raton, FL | 3.0 | 3.0 | 1557 | $4,500 | $2.89 | 10d | 1 | 0.29mi |
| 1001 E Camino Real #1050 Boca Raton, FL | 2.0 | 2.0 | 1269 | $4,500 | $3.55 | 15d | 1 | 0.32mi |
| 1001 E Camino Real #2030 Boca Raton, FL | 2.0 | 2.0 | 1269 | $7,500 | $5.91 | 65d | 1 | 0.32mi |
| 1001 E Camino Real #4010 Boca Raton, FL | 3.0 | 3.0 | 1557 | $10,000 | $6.42 | 17d | 1 | 0.32mi |
| 1001 E Camino Real #4010 Boca Raton, FL | 3.0 | 3.0 | 1557 | $10,000 | $6.42 | 10d | 1 | 0.32mi |
| 1001 E Camino Real #1050 Boca Raton, FL | 2.0 | 2.0 | 1269 | $4,500 | $3.55 | 10d | 1 | 0.32mi |
| 1350 Spanish River Rd Boca Raton, FL | 3.0 | 3.5 | 2405 | $7,000 | $2.91 | 160d | 1 | 0.34mi |
| 800 E Camino Real #408 Boca Raton, FL | 2.0 | 2.0 | 1400 | $4,000 | $2.86 | 165d | 1 | 0.36mi |
| 800 E Camino Real #305 Boca Raton, FL | 2.0 | 2.0 | 1300 | $5,500 | $4.23 | 6d | 1 | 0.36mi |
| 800 E Camino Real #305 Boca Raton, FL | 2.0 | 2.0 | 1300 | $5,500 | $4.23 | 25d | 1 | 0.36mi |
| 800 E Camino Real Apt 203 Boca Raton, FL | 2.0 | 2.0 | 1400 | $3,000 | $2.14 | 74d | 1 | 0.36mi |
| 1000 Spanish River Rd Boca Raton, FL | 2.0 | 2.0 | 1377 | $2,525 | $1.83 | 110d | 3 | 0.42mi |
| 1000 Spanish River Rd Boca Raton, FL | 2.0 | 2.0 | 1377 | $2,550 | $1.85 | 10d | 2 | 0.42mi |
| 1000 Spanish River Rd Boca Raton, FL | 2.0 | 2.0 | 1377 | $2,775 | $2.02 | 93d | 2 | 0.42mi |
| 1000 Spanish River Rd Boca Raton, FL | 2.0 | 2.0 | 1377 | $2,525 | $1.83 | 100d | 3 | 0.42mi |
| 770 E Camino Real #40 Boca Raton, FL | 2.0 | 2.0 | 1515 | $3,800 | $2.51 | 10d | 1 | 0.42mi |
| 770 E Camino Real #40 Boca Raton, FL | 2.0 | 2.0 | 1515 | $3,800 | $2.51 | 29d | 1 | 0.42mi |
| 770 E Camino Real #40 Boca Raton, FL | 2.0 | 2.0 | 1515 | $3,800 | $2.51 | 0d | 1 | 0.42mi |
| 901 E Camino Real Boca Raton, FL | 1.0–3.0 | 1.0–3.0 | 1800 | $13,000 | $7.22 | 89d | 2 | 0.45mi |
| 901 E Camino Real Boca Raton, FL | 3.0 | 3.0 | 2430 | $18,000 | $7.41 | 155d | 1 | 0.45mi |
| 901 E Camino Real Boca Raton, FL | 3.0 | 3.0 | 2430 | $18,000 | $7.41 | 153d | 1 | 0.45mi |
| 2679 S Ocean Blvd #31 Boca Raton, FL | 3.0 | 3.0 | 2290 | $6,100 | $2.66 | 109d | 1 | 0.57mi |
| 899 Granada Dr Boca Raton, FL | 3.0 | 2.5 | 1954 | $9,500 | $4.86 | 65d | 1 | 0.61mi |
| 2700 Spanish River Rd Boca Raton, FL | 3.0 | 3.0 | 2134 | $7,200 | $3.37 | 165d | 1 | 0.65mi |
| 2851 S Ocean Blvd #122 Boca Raton, FL | 2.0 | 2.0 | 1356 | $3,000 | $2.21 | 163d | 1 | 0.69mi |
| 2851 S Ocean Blvd Boca Raton, FL | 1.0–2.0 | 1.0–2.0 | 1241 | $4,500 | $3.63 | 15d | 5 | 0.70mi |
| 2851 S Ocean Blvd Boca Raton, FL | 1.0–2.0 | 1.0–2.0 | 1241 | $4,500 | $3.63 | 14d | 4 | 0.70mi |
| 2851 S Ocean Blvd Boca Raton, FL | 1.0–3.0 | 1.0–2.0 | 1241 | $4,500 | $3.63 | 110d | 6 | 0.70mi |
Property features AI
Finance
- Other
- Building name: Cloister del MarTotal building stories: 17
- Financial info
- Pets not allowed
- HOA & community
- HOA with monthly feeAssociation amenities include beach access, elevators, fitness center, parking, pool (heated), sauna, trash chute, community room, lobby, securityHOA fee covers cable TV, pest control, security, trash, water, common areas, elevator, reserve funds, and pool service
Exterior
- Parking
- Assigned and guest parkingOpen and under-building parkingAttached 1-car garageCovered parking
- Security
- Attended lobby
- Utilities
- Public waterPublic sewerCable availableElectricity availableWater available
- Home design
- CondominiumOne-level unitResale propertyFaces north
- Construction
- CBS construction
- Exterior features
- Ocean access waterfrontPaved road frontageOther roof
Interior
- Kitchen
- DishwasherElectric rangeMicrowaveRefrigerator
- Bedrooms
- No main-level bedrooms
- Flooring
- LaminateTile
- Bathrooms
- 2 full bathrooms1 half bathroom
- Heating & cooling
- Central heatingCentral air conditioning
- Interior features
- Walk-in closetsSplit bedroom layoutStorm windows
- Laundry & utility
- Laundry inside unit
HOA detail $3,254/mo · $39,048/yr condo
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-11-08days on market $800,000 Active 195 DOM
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2026-11-07days on market $800,000 Active 194 DOM
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2026-11-07days on market $800,000 Active 193 DOM
-
2026-11-05days on market $800,000 Active 192 DOM
-
2026-11-04days on market $800,000 Active 191 DOM
-
2026-11-02days on market $800,000 Active 189 DOM
-
2026-11-01days on market $800,000 Active 188 DOM
-
2026-10-31days on market $800,000 Active 187 DOM
-
2026-10-30days on market $800,000 Active 186 DOM
-
2026-10-29days on market $800,000 Active 185 DOM
-
2026-10-28days on market $800,000 Active 184 DOM
-
2026-10-27days on market $800,000 Active 183 DOM
-
2026-10-26days on market $800,000 Active 182 DOM
-
2026-10-26days on market $800,000 Active 181 DOM
-
2026-10-24days on market $800,000 Active 180 DOM
-
2026-10-23days on market $800,000 Active 179 DOM
-
2026-10-22days on market $800,000 Active 178 DOM
-
2026-10-21days on market $800,000 Active 177 DOM
-
2026-10-20days on market $800,000 Active 176 DOM
-
2026-10-19days on market $800,000 Active 175 DOM
-
2026-10-18days on market $800,000 Active 174 DOM
-
2026-10-17days on market $800,000 Active 173 DOM
-
2026-10-16days on market $800,000 Active 172 DOM
-
2026-10-15days on market $800,000 Active 171 DOM
-
2026-10-14days on market $800,000 Active 170 DOM
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2026-10-13days on market $800,000 Active 169 DOM
-
2026-10-12days on market $800,000 Active 168 DOM
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2026-10-11days on market $800,000 Active 167 DOM
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2026-10-10days on market $800,000 Active 166 DOM
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2026-10-09days on market $800,000 Active 165 DOM
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2026-10-08days on market $800,000 Active 164 DOM
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2026-10-07days on market $800,000 Active 163 DOM
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2026-10-06days on market $800,000 Active 162 DOM
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2026-10-05days on market $800,000 Active 161 DOM
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2026-10-04days on market $800,000 Active 160 DOM
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2026-10-04days on market $800,000 Active 159 DOM
-
2026-10-02days on market $800,000 Active 158 DOM
-
2026-10-01days on market $800,000 Active 157 DOM
-
2026-09-30days on market $800,000 Active 156 DOM
-
2026-09-29days on market $800,000 Active 155 DOM
-
2026-09-28days on market $800,000 Active 154 DOM
-
2026-09-27days on market $800,000 Active 153 DOM
-
2026-09-25days on market $800,000 Active 151 DOM
-
2026-09-24days on market $800,000 Active 150 DOM
-
2026-09-23days on market $800,000 Active 149 DOM
-
2026-09-22days on market $800,000 Active 148 DOM
-
2026-09-21days on market $800,000 Active 147 DOM
-
2026-09-20days on market $800,000 Active 146 DOM
-
2026-09-18days on market $800,000 Active 144 DOM
-
2026-09-17days on market $800,000 Active 143 DOM
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Climate risk First Street
- Flood 6/10 Major FEMA zone X (shaded) · 74% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 9/10 Extreme 7 d/yr ≥106°F today · 25 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
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Taxation est. · year 1
- Rental income
- $75,337
- − Mortgage interest
- −$44,812
- − Property taxes
- −$12,000
- − Insurance
- −$4,000
- − Repairs & maintenance
- −$6,027
- − Management
- −$6,027
- − HOA
- −$39,048
- − Depreciation
- −$23,273
- Taxable loss
- −$59,850
- Est. tax savings @ 24.0%
- +$14,364
- After-tax cash flow
- $-31,511/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 12 photos
This stunning 3-bedroom, 2.5-bathroom corner unit in Cloister Del Mar is in excellent condition with new impact windows and doors, offering breathtaking ocean, inlet, and nature views. The property is move-in ready and benefits from a prime location and comprehensive amenities.
Value-add opportunities
- Both New impact windows and doors — Enhances safety and energy efficiency ↑
- Both Landscaping and curb appeal — Improves curb appeal and enhances property value ↑
- Both Regular maintenance of HVAC and mechanical systems — Ensures optimal performance and reduces energy costs ↑
Zoned Schools
Schools (NCES district)
- District
- Palm Beach
- NCES district ID
- 1201500
- Math proficiency
- 46% ▼ -16.00%
- Reading proficiency
- 53% ▼ -4.00%
- Median HH income
- $53,943
- Composite
- 42.72/100
- National rank
- #3160
- State rank
- #34 of 73 in FL
Livability — Boca Raton
- Score
- 77/100
- State rank
- #192
- US rank
- #3070
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Boca Raton, FL
- County
- Palm Beach County · 1,637,487 people
- City population
- 250,102
- Metro
- Miami-Fort Lauderdale-Pompano Beach, FL
- Population (ZIP)
- 21,834
- Household income
- $107,045
- Rent vs Own
- Severe rent burden
- 15% of renters
Population outlook (Palm Beach County) Hauer SSP2
- Today (2025)
- 1,637,487 people
- By 2030
- 1,743,255 · +6.5%
- By 2040
- 1,948,712 · +19.0%
- By 2050
- 2,132,979 · +30.3%
- By 2075
- 2,530,027 · +54.5%
- By 2100
- 2,706,979 · +65.3%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (72%)
- Race & ethnicity
- White 72% Hispanic / Latino 18% Two or more races 13% Black 4% Asian 2%
- Hispanic origin (detail)
- Mexican 3% Puerto Rican 5% Cuban 3%
- Languages at home
- 77% English-only · Spanish 13% Other Indo-European 3% French/Haitian/Cajun 2%
Political lean MEDSL · Palm Beach
- 2024 margin
- Toss-up / Even · D 50.0% · R 49.2%
- 2008→2024 swing
- -22.1pp toward R · 2008: 22.9pp · 2024: 0.8pp
- All cycles
- 2024: D+0.8 2020: D+12.8 2016: D+15.3 2012: D+17.0 2008: D+22.9
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -565.03%
- Current HPI
- 391.7799
- Rent YoY
- ▲ 4.56%
- Metro
- Miami-Fort Lauderdale-Pompano Beach, FL
- State GDP YoY
- ▲ 3.28%
- F500 in state
- 36
Industry mix (Fortune 500 HQ in FL)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Industrial Technology | 2 | $29B |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
+90.2% since first listed4 events — show timeline
- 2026-04-27 Listed $850,000 Beaches MLS
- 2014-01-09 Sold (MLS) $400,000 Beaches MLS
- 2013-11-25 Pending — Beaches MLS
- 2013-09-30 Listed $447,000 Beaches MLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…