1121 Bel Air Dr Highland Beach, FL 33487

Building Details

Year Built

1979

Listing office Signature Commercial Real Estate

Listing date Dec 29, 2023

Source Crexi

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Investment Insights

Based on property information with market context.

Located in Highland Beach near Boca Raton, this fourplex property offers over 8000 square feet of space. The property consists of four individual townhomes, each with a fireplace and garage. Three of the townhomes feature three bedrooms and two and a half bathrooms. The remaining townhome spans three stories and includes three bedrooms and three and a half bathrooms. A rooftop provides panoramic ocean views. A 50-60 foot intercoastal boating dock accommodates one large boat or several smaller boats, offering easy ocean access. The property is suitable for owner-users, investors, boat owners, and private beach enthusiasts and can be used as an Air B&B. The property is projected to generate potential income of $516,000 for 2026, with a projected cap rate of 8.0%.

Key Highlights

• Intercoastal waterfront property with a 50‑60 foot dock and easy ocean access.
• Fourplex property with over 8000 sq ft, comprised of 4 individual townhomes, each with a fireplace and garage.
• Potential income of $516K for 2026 and a projected cap rate of 8.0%.

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FAQs

What type of property is this?

Quadplex - Intercoastal fourplex with boat dock and ocean views.

Where is this quadplex located?

The property is located at 1121 Bel Air Dr Highland Beach, FL.

What is the asking price?

The asking price for this property is $4,900,000.

What are key features of this property?

This property features: Intercoastal waterfront property with a **50‑60 foot dock and easy ocean access**.; Fourplex property with over 8000 sq ft, comprised of 4 individual townhomes, each with a fireplace and garage.; Potential income of $516K for 2026 and a projected cap rate of 8.0%.