🏠 Boca Raton High End Flip – Price 850k or less, ARV 1.25M+ 🏠

Description

Address: 21421 Shannon Ridge Way, Boca Raton, FL 33428

PCN: 00-41-47-22-16-000-0140

Size: 5 bed / 3 bath (3940 total sq ft, 3291 sq ft under air)

HOA: $474 per month

Notes: Vacant at Closing

Notes: Great cosmetic flip or simply buy and relist right away and sell to a homeowner. Cheapest available lake front home is listed at 1.095M. Anything listed under 1.2M is the 1 story model, much smaller. See comps below. House has a brand new roof. For a renovation, will need floors, kitchen, stairwell, paint, and bathrooms. Cost estimate 80-140k depending on finishes. Community has a clubhouse, a 27 hole golf course, and much more. Very desirable for wealthy families in Boca Raton. Should be able to get 1.25M fully remodeled or 950k with minimal work done (30-40k). Renting allowed after 1 year.

Comps –

1. 12355 Rockledge Cir (5/3, 3151 sq ft) – SOLD $1,170,000 ($371 sqft)

2. 12372 Clearfalls Drive (5/3, 3151 sq ft) – SOLD $1,057,000 ($335 sqft)

3. 21371 Gosier Way (5/4 3863 sq ft) – SOLD $1,325,000 ($342 sqft)

4. 21249 Rock Ridge Dr (5/4 3624 sq ft) – SOLD $1,456,500 ($401 sqft)