63
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1101 Thomas Street
About This Property
Set on an expansive corner estate lot spanning over 20,000 square feet, the residence offers 4 bedrooms, 3.1 bathrooms and over 5,000 total square feet of thoughtfully designed space, a remarkable and increasingly rare find so close to both downtown and the ocean. The sheer scale of the property offers a level of privacy, green space, and enduring significance that is virtually unheard of in this premier beachside location. Exquisitely updated while preserving its timeless charm, the residence blends classic coastal elegance with modern luxury. A decorative Chicago Brick circular driveway welcomes you to a charming front porch and inviting entry, where sunlight pours through impact windows and doors, illuminating vaulted ceilings, rich hardwood floors, and marble accents throughout. Inside, a formal living room with gas fireplace offers warmth and sophistication, while the dining area and family room open through French doors to the lush backyard for seamless indoor-outdoor living. The gourmet kitchen features state-of-the-art appliances, custom cabinetry, a pantry, granite countertops, and an island with snack bar seating--perfect for both entertaining and everyday living.
The private primary wing features its own patio, generous dual walk-in closets with built-ins, and a beautifully appointed bath with dual sinks and soaking tub. A dedicated gym overlooking the pool offers an inspiring setting for wellness and could easily be reimagined as a private office. The upstairs bonus room provides flexibility as a media room, recreation space, office, or den.
Outdoor living is nothing short of spectacular. A beautifully grand, covered loggia offers an elegant setting for al fresco dining and refined lounging, all overlooking the oversized pool and expansive, lush, manicured grounds - creating a private resort-style retreat just moments from the ocean. The grounds are meticulously manicured with abundant green space, enhanced by full-scale professional landscaping and custom lighting showcasing lush tropical foliage and rare trees.
Recent enhancements further elevate the home's appeal and peace of mind, including a sophisticated wet bar addition, renovated powder room, tankless water heater (2023), new A/C (2025), motorized blackout shades in the living room, gym, and primary suite, and a completely redesigned and resurfaced 20' x 40' heated pool with a sun shelf, integrated spa, and new equipment. Additional improvements include an upgraded crawl space with new dehumidifier, regraded drainage with new sump system, interior paint, recessed lighting, and a full-home water filtration system.
Additional features include a whole-house generator, fully fenced yard, separate laundry room with ample storage, plantation shutters, dual-zoned A/C, and a two-car garage with a separate drive and private entrance on Seabreeze Avenue.
This meticulously maintained East Delray Beach retreat offers a truly rare opportunity to own a 20,000+ square foot estate property just moments from the sand and the very best of downtown living.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 24, 2026 | Price Decreased |
$5,995,000
↓ $200K
(3.2%) | |
| Price Decreased | |||
| May 2, 2026 | Price Decreased |
$6,195,000
↓ $155K
(2.4%) | |
| Price Decreased | |||
| Apr 6, 2026 | Price Decreased |
$6,350,000
↓ $145K
(2.2%) | |
| Price Decreased | |||
| Mar 4, 2026 | Listed by The Corcoran Group | $6,495,000 | |
| Listed by The Corcoran Group | |||
| Aug 15, 2022 | Sold | ||
| Sold | |||
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About Ocean Breeze Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017