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$2,849,900

For Sale - Active
17703 Lomond Ct, Boca Raton, FL 33496
5 Beds
7 Baths
5,588 Square Feet
0.30 Acres Lot
Built in 2005
For Sale - Active
Units n/a
Checked: 12 hours ago
Updated: Jun 11, 2025 at 03:28AM

Investment Summary


Monthly Cash Flow
-$12,311
Cap Rate
1.0%
Cash-on-Cash Return
-22.5%
Debt Coverage Ratio
0.16
Internal Rate of Return (5 years)
-17.8%

Property Description


0.30 Acres Lot
Built in 2005
For Sale - Active
Units n/a

Experience refined luxury in this custom-expanded Carlton estate, perfectly positioned on the most exclusive cul-de-sac lot within the prestigious gated community of The Oaks in Boca Raton. This stunning two-story residence spans 5,588 square feet of designer-curated living space, offering long lake views and timeless sophistication at every turn.A stately brick circular driveway and oversized three-car garage welcome you home, while inside, soaring ceilings and floor-to-ceiling windows flood the space with natural light. The elegant interiors feature exquisite finishes including Kelly Wearstler lighting, Phillip Jeffries wallpaper, and rich moldings throughout. Black-framed windows with plantation shutters elevate the home's modern yet classic appeal.The main level is thoughtfully

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Circular Driveway, Driveway, Garage, Garage Door Opener
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 5
  • # of Baths (Partial): 1
  • # of Baths (Total): 7.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Wood Truss
  • Roof Material: Barrel
  • Pool: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $1,119/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 00424631030030140
  • Lot Size: 13068 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2005

Tax Information

  • Annual Tax: $18,735

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air, Electric, Zoned

Location

  • County: Palm Beach

Listing Details


Listed by:
Ryan Greenblatt
Lang Realty/ BR
(561) 350-1850

Source:
BeachesMLS
MLS#: R11097219
BeachesMLS

Investment Summary


Monthly Cash Flow
-$12,311
Cap Rate
1.0%
Cash-on-Cash Return
-22.5%
Debt Coverage Ratio
0.16
Internal Rate of Return (5 years)
-17.8%

Purchase Details

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Purchase price:
$2,849,900
Amount financed:
-$2,279,920
Down payment:
$569,980
Closing costs:
$85,497
Rehab costs:
$0
Initial cash invested:
$655,477
Square feet:
5,588
Cost per square foot:
$510
Monthly rent per square foot:
$1.29

Financing Details

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Loan amount:
$2,279,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$14,599
Property tax:
$1,561
Insurance:
$504
Private mortgage insurance (PMI):
$0
Monthly payment:
$16,664

Operating Income

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% Rent Monthly Yearly
Gross rent:
$7,200 $86,400
Vacancy loss: (6%)
6% -$432 -$5,184
Operating income:
$6,768 $81,216

Operating Expenses


% Rent Monthly Yearly
Property taxes: (22%)
22%-$1,561-$18,735
Insurance: (7%)
7%-$504-$6,048
Property management: (8%)
8%-$576-$6,912
Repairs & maintenance: (5%)
5%-$360-$4,320
Capital expenditures: (5%)
5%-$360-$4,320
HOA fees: (16%)
16%-$1,119-$13,428
Total operating expenses: (62%)
62%-$4,480-$53,763

Cash Flow


Monthly Yearly
Net operating income:
$2,288 $27,456
Mortgage payments:
-$14,599 -$175,188
Cash flow:
$12,311 $147,732