$615,000
●
House -
Off Market
129 Macfarlane Drive
Delray Beach, FL 33483
2 Beds
1 Bath,
1
Half Bath
882 Ft²
$1,033,031
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model
About This Property
Enjoy the laid back, coastal lifestyle in this pristine 2 bed/1.5
bath, rarely avail. end unit villa. This hedged-in private property
is ideally situated on the barrier island in Delray's most highly
coveted area. This quaint villa is located between the
Seagate Yacht Club & Public Marina (Seafarers welcome) and the
Atlantic Ocean. Entertain family and friends & dine Al Freso
in the cool breezes of the Gulf Stream on 2 patios in your sizable
yard on 3 sides, with room for a pool! Delray's renowned Atlantic
Ave is only 1.5 blks. N with its host of fantastic restaurants,
shops, activities, events & nightlife. Delray's award winning
beach is just 2 blks. East. The 1/2 bath can be easily converted
back by adding a sink (plumb. & elec. ready). No
HOA/COA/Assc. fees, dues or restrictions! Additional Property
Details:
* No HOA/COA/Assc. fees, dues or restrictions.
* Great opportunity for boat owners to have The Seagate
Marina & Yacht Club (open to public) across the street
with 44 slips available for rent on a daily, weekly,
monthly or annual basis.
* MAY be rented seasonally by new owners for @
$5,500 - $6,000 mo.
* MAY be rented by new owners on an annual
basis for @ $4,000 + per mo.
* MAY be rented as an Air B&B (must check with city for
local restrictions and regulations)
* Open floor plan
* Room for a pool, hot tub and fire pit area!
* Two pavered patios
* Wood floors, tile and carpet (Terrazzo beneath carpet)
* Enclosed Florida Room with A/C vent
* Sliding glass doors on both bedrooms lead to pavered
patios.
* 1.5 blocks to Atlantic Avenue
* 2 blocks to the beach
* Plenty of cabinets and storage space
* Washer and dryer may be moved out of 1/2 bath to closet
or patio.
* 1/2 bath (toilet only) can easily be converted back by
adding sink. Plumbing and electric hookups already
exist.
* Sizable yard on three sides
* 2 car Driveway plus room for a golf cart
* Property may be fully renovated inside
* Property has its own seperate roof.
* Property MAY be able to be developed into a 2 or 3
story townhome (35 ft height maximum). Must check with
Delray Beach building dept. for possible future
developement options. Property must be completly
demolished (raised) for any exterior additions or
stories to be added (according to Delray Bldg.
Dept).
* No HOA/COA/Assc. fees, dues or restrictions.
* Great opportunity for boat owners to have The Seagate
Marina & Yacht Club (open to public) across the street
with 44 slips available for rent on a daily, weekly,
monthly or annual basis.
* MAY be rented seasonally by new owners for @
$5,500 - $6,000 mo.
* MAY be rented by new owners on an annual
basis for @ $4,000 + per mo.
* MAY be rented as an Air B&B (must check with city for
local restrictions and regulations)
* Open floor plan
* Room for a pool, hot tub and fire pit area!
* Two pavered patios
* Wood floors, tile and carpet (Terrazzo beneath carpet)
* Enclosed Florida Room with A/C vent
* Sliding glass doors on both bedrooms lead to pavered
patios.
* 1.5 blocks to Atlantic Avenue
* 2 blocks to the beach
* Plenty of cabinets and storage space
* Washer and dryer may be moved out of 1/2 bath to closet
or patio.
* 1/2 bath (toilet only) can easily be converted back by
adding sink. Plumbing and electric hookups already
exist.
* Sizable yard on three sides
* 2 car Driveway plus room for a golf cart
* Property may be fully renovated inside
* Property has its own seperate roof.
* Property MAY be able to be developed into a 2 or 3
story townhome (35 ft height maximum). Must check with
Delray Beach building dept. for possible future
developement options. Property must be completly
demolished (raised) for any exterior additions or
stories to be added (according to Delray Bldg.
Dept).
Unit Size
882 Ft²
Days on Market
37 days
Land Size
0.08 acres
Price per sqft
$770
Property Type
House
Property Taxes
$632
HOA Dues
-
Year Built
1961
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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%.
How much can I actually make?
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.
Last updated: 5 months ago (Beaches MLS #R10476889)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 23, 2024 | Sold | ||
| Sold | |||
| Dec 25, 2023 | Listed by Illustrated Properties | $1,400,000 | |
| Listed by Illustrated Properties | |||
| | |||
|
Rare opportunity to reside in Reids Village. Charming home tastefully upgraded from front to back in one of the most desirable areas in Delray Beach. No monthly fees, no Governing body, so you live as you choose and these properties rent very very well. One block to Atlantic Avenue and all its restaurants and two blocks to the ocean and the great beaches here. No part of this pristine property has not been touched, AC 2020,Patio 2022,Plumbing & Panel 2021 , Kitchen with white quartzite, floors with plank tile, impact glass, electric blinds, new bathrooms , paved patio and manicured garden, Tankless Water Heater , full size washer and dryer , wine fridge, etc. this property is a delight to behold.
These properties hardly ever come onto the market. Do not delay.
| |||
| Dec 7, 2018 | Sold | ||
| Sold | |||
| Oct 29, 2018 | Listed by Lang Realty/Delray Beach | $679,000 | |
| Listed by Lang Realty/Delray Beach | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Delray Beach
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Listed by: Preston B Barta
Lang Realty/Delray Beach
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R10476889
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
Lang Realty/Delray Beach
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R10476889
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