1210 NW 3rd Avenue
About This Property
Arriving to the front of the home via its circular driveway, the home's timeless Key West-style exterior and plantation shutters evoke the coastal lifestyle for which Delray Beach is so highly coveted. The covered porch leads to the entry and opens to the home's expansive great room, where natural light pours in through the windows and draws the eye to the space's breathtaking tongue and groove vaulted ceiling, all while being connected to the home's gorgeous loggia by sliding glass doors.
The home's beautiful outdoor spaces are the centerpiece of the residence, with ample space for relaxing and entertaining in the beautiful South Florida weather. The home's spacious covered loggia is protected by dual motorized screens, one of which is for comfort and the other for hurricane protection. It includes a fully-equipped summer kitchen with a BBQ grill, fridge, and icemaker, and overlooks the luxurious heated saltwater chlorination pool with sun shelf, waterfall, remote-controlled multi-LED lighting system, and 3 fountains. Across from the pool, a spacious cabana includes a fridge, sink, outdoor fireplace and outdoor TV, all surrounded by a lushly and professionally landscaped yard that is flanked by travertine pavers, illuminated in the evenings by gas lanterns, and regularly maintained by Delray Garden Center.
Once back inside, it becomes clear that the kitchen is the heart of the home, and includes quartz countertops with designer chevron marble backsplash, lighted glass upper cabinets, a roomy walk-in pantry, and gorgeous light-filled picture window. Features include a built-in Sub-Zero freezer and refrigerator, Wolf six-burner gas range with hood, double ovens and microwave, a built-in bar with glass cabinetry and undermount wine refrigerator, farmhouse porcelain sink, and a huge kitchen island with seating, additional storage and designer pendants.
Elegant chandeliers illuminate the home's interior spaces and cast light onto myriad custom finishes throughout, which include European white oak floors, luxurious millwork, designer wallpaper, mirrors, and fixtures, and beautiful marble details in the home's bathrooms.
Resting just beyond the kitchen is the home's primary suite, which enjoys sunny views of the backyard space and boasts a primary bathroom that is spacious enough to have its own sitting area, along with dual sinks with vanity seating, a huge soaking tub with chandelier, mother of pearl accent wall, freshly polished marble finishes, and a fully built out walk-in closet with island. Across from the great room, the secondary and tertiary bedrooms each include their own ensuite bathroom and walk-in closet, and the fourth is perfect to act as a den or private home office. The home also includes a powder room off the great room, a spacious laundry room with its own sink, and two separate single-car garages, one with its own EV charging station.
Hurricane preparedness is at the forefront of the home's amenities, with impact glass windows, doors, and sliders, as well as a whole-home natural gas generator and whole-home water purification system to ensure that no storm will ever get in the way of comfort and serenity. Additional features include a built-in storage system in the garage, central vacuum, dual-zoned A/C system maintained by Island AC, and tankless hot water heater. Sonos speakers are installed throughout the home, security cameras are installed around the exterior, and custom draperies, TVs and furniture are negotiable, separate from the home sale.
No matter what's going on outside its walls, it's impossible not to feel like you're enjoying an island vacation from the embrace of this beautiful Lake Ida home. Find the coastal serenity you would previously have had to travel for at 1210 NW 3rd Ave in Delray Beach.
The information published and provided including but not limited to prices, measurements, square footages, lot sizes, features, finishes, and calculations are subject to errors, omissions or changes without notice. All such information should be independently verified. All parties should perform their own due diligence to verify all information.
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What does this mean?
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.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Ida Lake Terrace
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017