1290 Delray Lakes Drive
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| Apr 7, 2026 | Listed by Compass Florida LLC | $1,195,000 | |
| Listed by Compass Florida LLC | |||
| | |||
|
Welcome to 1290 Delray Lakes Drive, a spacious, move-in ready home in gated Delray Lakes in Delray Beach. With a 2026 roof and thoughtfully designed floor plan, this residence offers a perfect blend of traditional elegance while maintaining a great flow. This move-in ready, 3-bedroom, 3.5-bath residence in Delray Lakes offers a rare blend of modern design and effortless livability. Each generously sized bedroom is designed with privacy in mind, offering its own ensuite bath with thoughtfully renovated finishes. Set on a spacious, tree-lined corner lot, the outdoor setting feels private and serene, highlighted by a 30-foot pool and plenty of room to relax or host guests. Delray Lakes is a single-family gated community located east of I-95 and close to downtown Delray Beach. The community features a community pool (heated) with pavilion and restrooms, playground and 2 lighted tennis/pickleball courts. Tree lined streets create a lovely shaded canopy, along with street lights, sidewalks, and a private boat storage area and ramp leading directly onto Lake Ida. Monthly dues also include remotely monitored home security systems and high-speed internet. The front gate is located a short walk away from Lake Ida Park + Dog Park, a 189+ acre Palm Beach County Park that is home to a 2+ mile walking/biking/running path that follows the shoreline. There is the aforementioned dog park, picnic pavilions, shelters, boat launches and trailer parking, canoe/kayak launches, restrooms, overlooks and playgrounds. Delray Beach offers a variety of world-class public and private school options, many located within close proximity to Delray Lakes. Morikami Park Elementary School consistently ranks as one of the top elementary schools in Florida and offers the International Baccalaureate Primary Years Programme (IB PYP) for grades K-5. The IB PYP curricular framework focuses on the development of the whole child in a learning environment that encourages independence, academic challenges, inquiry, creativity, and responsible citizenship. This Choice program offers a comprehensive, inquiry-based approach to teaching and learning in an internationally designed concept-based model with guidelines on student learning styles, methodologies and assessment strategies. The PYP is a combination of the best research and practices from international schools and includes the study of world languages and cultures to enhance the international perspective. The IB Programme can be continued at Carver Middle School and Atlantic High School. Additional private and semi-private early learning, elementary, and middle school options in Delray Beach are available at Unity School, Space of Mind, Trinity Lutheran & St. Vincent Catholic School. The Gulf Stream School, American Heritage, Pine Crest, and St. Andrews Schools are all located a short drive from this great Delray Beach location as well.
| |||
| Jun 26, 2018 | Sold | ||
| Sold | |||
| May 2, 2018 | Listed by Century 21 Stein Posner | $621,000 | |
| Listed by Century 21 Stein Posner | |||
| Aug 20, 2015 | Sold | ||
| Sold | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Delray Lakes
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$7,900 /mo
- 3 Beds
- 2 Baths
- 2,071 ft²
$7,500 /mo
- 4 Beds
- 3 Baths
- 2,443 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017