34
Map
135 Macfarlane Drive
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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.
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 |
|---|---|---|---|
| Jul 17, 2025 | Sold | ||
| Sold | |||
| Jul 1, 2025 | Listed by Keller Williams Coastal Partne | $1,175,000 | |
| Listed by Keller Williams Coastal Partne | |||
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RARE OPPORTUNITY to own a Delray Island Bungalow with NO HOA, only 2 blocks to the beach and 2 blocks to trendy Atlantic Ave. This charming beach home features an updated interior with open concept living. The newly modernized kitchen has quartz countertops, under cabinet lighting, stainless steel appliances and a coastal blue tile backsplash that is cohesive with the location. Enjoy your morning coffee on the covered front porch or practice yoga in your private and fenced back yard oasis. The artificial turf allows you more beach time and less maintenance time. Back inside you will find 2 bedrooms plus an office/reading room. The primary bedroom has a walk-in closet with custom built-ins. The 2nd bedroom also has ample closet space. The bath is elegant and was recently updated. Pets ok! This adorable beach house also features a newer tankless hot water heater, hurricane windows and doors, new luxury laminate plank flooring and a spacious laundry closet inside plus LED recessed lighting throughout the home. The attic is tall and spacious providing additional storage and options. The parking pad accommodates 2 cars. The Zen back yard is perfect for meditation, sun worshipping, grilling or just chilling. There is plenty of space to add a cold plunge or hot tub. This amazing opportunity provides you with lots of flexibility. You can use it as a vacation or second home, primary residence or as a short term rental property to add to your portfolio. You could perhaps build up to expand your footprint. This location is hard to beat as it is within 2 minutes to fabulous restaurants, hot night spots and great shopping along Atlantic Avenue. Grab your surfboard and catch a wave or a magical sunrise at the beach, it's only 2 blocks away! Located on the island of Delray Beach and only 30 minutes to PBI and 40 minutes to FLL. This is the easy beach living you have been looking for! These do not come on the market often! A great opportunity is knocking and it's priced to move! Check it out today!
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| Mar 6, 2019 | Sold | ||
| Sold | |||
| Dec 29, 2018 | No longer available | - | |
| No longer available | |||
| Nov 16, 2018 | Listed by Keller Williams Coastal Partne | $640,000 | |
| Listed by Keller Williams Coastal Partne | |||
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About Delray Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017