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Charles Christopher Lynn

Broker Associate

  • Cell 561-350-1363
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1121 Bel Air Dr #1-4, Highland Beach, FL – $4,380,000

  • 12 Beds
  • 13 Baths
  • 9,311 Sqft
  • .34 Acres
  • 12 Beds
  • 13 Baths
  • 9,311 Sqft
  • .34 Acres

1121 Bel Air Dr #1-4

Situated on the ''elbow lot'' of an L-shaped, deep -water canal, just off the Intracoastal waterway, this RARE, income-producing property is located in the exclusive, barrier-island Township of Highland Beach, just nestled along Boca Raton & Delray Beach. Property comprises 4 attached, contemporary townhomes -ranging from 1,950 ac sq ft to 2,500 ac sq ft. each. All TH's offer 3 bedrooms; 2.5 -3.5 baths; wood-burning fireplaces; one -car garages; and views...views...views! Complex has resort-style pool & attractive private balconies...patios...& common areas on 64 ft of pristine water frontage with dock. Deeded beach access! The best of ALL worlds...***Ideal for a investor who wants to live on the property and collect significant rental income (see addendum!):Unit 1: currently LEASED 11/1/16-10/31/17; Unit 2: currently LEASED on month-to-month basis to longstanding Tenant paying below current market price; Unit 3: currently LEASED 11/1/16-10/31/17; Unit 4 is currently vacant to accommodate for showing appts. Profit and Loss 1121 Highland Beach Expenses 1. FPL Common area not determined ( elec ) 2. Town of Highland Beach not determined ( water & sewer ) 3. Real Estate Tax $24,000.00 as investment property less as homestead 4. Pool maintenance $100.00/ month 5. Pest Control $45/month 6. Landscape not determined (currently $300. pr month / $3,600. annual) 7. Insurance < $16,000.00/ annual Total Approximate -Tax and Insurance-$ 40,000.00 plus expenses not expected to exceed $15,000.00~$55,0000.00 Income: 1. Unit 1 $4,500.00 2. Unit 2 $3,000.00 3. Unit 3 $3,800.00 4. Unit 4 $6,500.00 includes unit 4 and Dock Total approximate income $17,800.00/ month or $ 213,600.00/annual

Essential Information

  • MLS® #RX-10286739
  • Price$4,380,000
  • Bedrooms12
  • Bathrooms13.00
  • Full Baths9
  • Half Baths4
  • Square Footage9,311
  • Acres0.34
  • Year Built1979
  • TypeMulti-Family
  • Sub-TypeQuad Plex
  • StyleNo
  • StatusActive

Community Information

  • Address1121 Bel Air Dr #1-4
  • Area4150
  • SubdivisionBel Lido
  • CityHighland Beach
  • CountyPalm Beach
  • StateFL
  • Zip Code33487

Amenities

  • # of Garages4
  • ViewCanal, Intracoastal, Pool
  • Is WaterfrontYes
  • Has PoolYes

Utilities

Cable, Electric Available, Public Sewer, Public Water, Water Available, Underground

Waterfront

Interior Canal, Navigable, Ocean Access, Seawall, No Fixed Bridges

Pool

Concrete, Inground, Child Gate, Gunite, Salt Water

Interior

  • HeatingCentral Individual, Electric
  • CoolingCentral, Electric, Paddle Fans
  • # of Stories2

Exterior

  • RoofAluminum, Built-Up, Other
  • ConstructionCBS, Frame/Stucco, Piling

Exterior Features

Auto Sprinkler, Awnings, Covered Balcony, Fence, Open Balcony, Open Patio, Open Porch

Lot Description

1/4 to 1/2 Acre, East of US-1, Flood Zone, Paved Road, Public Road, Treed Lot, Irregular Lot

Windows

Awning, Blinds, Hurricane Windows, Impact Glass, Sliding

School Information

Elementary

J. C. Mitchell Elementary School

Middle

Boca Raton Community Middle School

High

Boca Raton Community High School

Additional Information

  • ZoningRML1(c
  • HOA Fees0.00

Listing Details

  • OfficeLang Realty/BR
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Price Change History for 1121 Bel Air Dr #1-4, Highland Beach, FL (MLS® #RX-10286739)

Date Details Change
Status Changed from New to Active

All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2017 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2017 Beaches Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on February 28th, 2017 at 4:51am EST.

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