Lofty 230 Seacrest Ln

Guest Favorite Vacation Rental in Delray Beach, Florida

Offering Details

Chris Mygatt is transferring his property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
Tokens represent direct ownership in the LLC that owns the property. Chris will maintain at least 10% ownership in the LLC indefinitely.
View proof of Chris's ownership prior to the title transfer here. View the LLC documents here

Guest favorite vacation rental with a 5/5 ⭐️ rating on Airbnb.
Chris is a Superhost with a 4.99/5 star rating owns and operates 6 high end STR's in Delray and Boynton Beach under the brand www.delraynightly.com
This property generated $180K in gross revenue in 2024 and earned $31K in February 2025 alone.
Profit & Loss Statement for 2024 & 2025
The property maintained a 71.65% occupancy rate in 2024 and has reached 78% occupancy in 2025 so far.
Occupancy Report for 2024 & 2025
This 4BR, 3BA villa features a private heated pool, sun shelf, and a clean hot tub, surrounded by swaying palm trees.
The home offers indoor foosball and air hockey, plus outdoor ping-pong and corn hole, complemented by a Sonos sound system.

Airbnb

Chris Mygatt has nearly four decades of real estate experience, excelling in sales, management, and investment, including leadership roles overseeing 1,500 agents and 20 offices with Coldwell Banker.
After retiring in 2022, he leveraged his expertise to acquire and renovate five luxury vacation rentals in Delray Beach, optimizing them with high-end amenities for maximum guest appeal and profitability.
His real estate investment strategy combines market analysis, technology, and superior design to create high-yield properties with industry-leading guest reviews and above-average returns.
He meticulously curates guest experiences by selecting top-tier indoor and outdoor amenities, high-end furnishings, and luxury linens to exceed expectations and maximize occupancy rates.
With a deep understanding of market trends and a commitment to hospitality excellence, he continues to scale his business strategically, setting new standards in the vacation rental space.
Read Chris's full bio

Airbnb

This property has a loan balance of $635,278 View the loan documents here.
As the seller, Chris Mygatt pays down 100% of the loan payments, his equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors have the ability to change this structure via a governance vote.