- For Sale $4,900,000/SF
- Property Type Multi-Family
- Property Size 8,041 SF
- Units 4
- Lot Size 0.34 Acre
- Cap Rate % 5.06
- Rental Income / YR $354,000.00
- NOI / YR $248,000.00
- Taxes / YR $58,000.00
- Zoning RML
- # of Floors 3
- Average Floor Size 2,050 SF
- Parking Spaces Avail. 8
- Parking Ratio 0.99 / 1,000 SF
- Property Tenancy Multi-Tenant
- Building Class A
- Year Built 1979
- Year Renovated 2016
- Date Updated Jan 27, 2026
- Building Hours Residential
- Construction Type Masonry
Description
Mint Boca Waterfront 4plex -Seller Motivated-Price Just Reduced $1.0 million
January 16, 2026--OWNER SAYS SELL AND REDUCES ASKING PRICE BY ANOTHER $500,000 (Ie. another 10%)--ORIGINAL ASKING PRICE--$5.900,000.
Perfect for Owner-Resident Investors, live in one and rent out the others, or capitalize on this high-demand rental property. This property is ideal for owner-residents looking to offset costs or investors seeking a lucrative revenue stream.
Highlights
- January 16, 2026--OWNER SAYS SELL AND REDUCES ASKING PRICE BY ANOTHER $500,000 (Ie. another 10%)--ORIGINAL ASKING PRICE--$5.900,000. You can now own a prestigious quadplex with over 8000 sq ft in the heart of Highland Beach, offering a lux Nestled along the serene Intracoastal waters with deeded beach access, this one-of-a-kind property is just minutes from Downtown Delray & Boca Raton, making it a prime investment for owner-residents or savvy investors.
- 50' to 60' Wide Boating Dock with both Intercoastal and Ocean Access. Can also rent out the dock for $3000-$4000/month
- All Four Units Currently Rented on Yearly Leases. AS AIR B & B Projected Income is $464,000-$484,000 with 7.00+% Projected Cap Rate
- 2 minute walk to Private Highland Beach. All Tenants have deeded access to .
- Parks 8-10 Cars on Garages, Driveway and Street
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Contacts
Harvey Heit
Weichert Realty NYC and Weichert Hallmark Realty, Fort Lauderdale, Fla
MBA & Associate Broker NYC & Florida
Location
Located at 1121 Bel Air Dr, Boca Raton, FL 33487, this property is part of the Highland Beach neighborhood and West Palm Beach Boca Raton market.
Contact Listing Broker
Harvey Heit
Weichert Realty NYC and Weichert Hallmark Realty, Fort Lauderdale, Fla
MBA & Associate Broker NYC & Florida
