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    1121 Bel Air Dr Highland Beach, FL 33487

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    1121 Bel Air Dr Highland Beach, FL 33487

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    • Quadplexes
    For Sale
    $4,900,000
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    Luxury Highland Beach Fourplex For Sale
    $4,900,000
    8,000 SF

    Luxury Highland Beach Fourplex

    Intercoastal fourplex with boat dock and ocean views.

    1121 Bel Air Dr, Highland Beach, FL 33487
    View Listing
    Property ID
    US18-6339856
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Quadplexes

    Property Details for 1121 Bel Air Dr

    Year built
    1979
    Property type
    Quadplexes
    Property subtype
    Short term rental properties

    Description

    JANUARY 16, 2026— (OWNER SAYS SELL IT AND REDUCES PRICE BY $1.0 MILLION LESS THAN ORIGINAL ASK OF $5.900,000 BACK IN NOVEMBER OF 2024 Nestled within the prestigious City of Highland Beach/Boca Raton (in Palm Beach County) lies an exquisite fourplex property boasting over 8000 square feet of opulent space, it's an absolute masterpiece set against the backdrop of the serene intercoastal waters. This property comprises 4 individual townhomes, each w/ fireplace & garage.* Three of the townhomes have 3 BRs/2.5 baths. The crown jewel spans three stories and boasts 3 BRs/3.5 baths. Ascend to the rooftop, and you'll discover a breathtaking panorama of the ocean. And for you boating enthusiast, the property also includes a 50-60 foot Intercoastal boating dock for both one big boat or several smaller boats and very easy Ocean Access at Highland Beach. Great Property for Owner User, Investors Boat Owners, Private Beach lovers. Can now also be used as Air B&B. POTENTIAL INCOME OF $516K FOR 2026 and PROJECTED CAP RATE OF 8.0%. In summary, this remarkable property is not only an example of luxury coastal living but also an exceptional investment opportunity. . It not only offers the lifestyle of your dreams but also serves as a lucrative source of revenue.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Highland Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0670218
    Latitude
    26.3969257

    Comparable in this City

    • $4,900,000
      8,041 SF

      Luxury Highland Beach Quadplex

      Prestigious quadplex in Highland Beach with income potential.
      1121 Bel Air Dr, Highland Beach, FL 33487
      View Details
    • $1,550,000
      4,326 SF

      Boca Raton Duplex Investment Opportunity

      Remodeled duplex near Intracoastal with income potential.
      620 Hastings St, Boca Raton, FL 33487
      View Details
    • New
      $1,750,000
      3,828 SF

      East Boca Raton Duplex

      Duplex in prime location, ideal for investors or multi-generational living.
      683 Dover St, Boca Raton, FL 33487
      View Details

    Similar Nearby for Sale

    • $4,900,000
      8,041 SF

      Luxury Highland Beach Quadplex

      Prestigious quadplex in Highland Beach with income potential.
      1121 Bel Air Dr, Highland Beach, FL 33487
      View Details
    • $1,550,000
      4,326 SF

      Boca Raton Duplex Investment Opportunity

      Remodeled duplex near Intracoastal with income potential.
      620 Hastings St, Boca Raton, FL 33487
      View Details
    • New
      $1,750,000
      3,828 SF

      East Boca Raton Duplex

      Duplex in prime location, ideal for investors or multi-generational living.
      683 Dover St, Boca Raton, FL 33487
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Boca Raton Office Spaces Available

      Office spaces for rent in Boca Raton, Florida.
      6600 Congress Ave, Boca Raton, FL 33487
      View Details
    • Contact for pricing

      Boca Raton Warehouse/Research Center

      7351 SF warehouse/research center space available for lease.
      1095 Broken Sound Pkwy NW, Boca Raton, FL 33487
      View Details
    • Contact for pricing
      35,000 SF

      Boca Raton Office Building

      Three-story building with atrium, cafeteria, and computer center.
      901 Peninsula Corporate Cir, Boca Raton, FL 33487
      View Details
    • Contact for pricing

      2.2 Acre Retail Parcel

      2.2 acre parcel with 10,580 SF freestanding retail building.
      6998 N Federal Hwy, Boca Raton, FL 33487
      View Details
    • $19 SF/Yr
      2,450 SF

      Furnished Office Space Available

      Furnished office suite with 27 cubicles for rent.
      7800 Congress Ave, Boca Raton, FL 33487
      View Details
    • $28 SF/Yr
      115,986 SF

      Class A Office Building

      Premier office building in Boca Raton's live-work-play destination.
      900 Broken Sound Pkwy Northwest, Boca Raton, FL 33487
      View Details
    View Listing
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    Highland Beach, FL 33487
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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