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1408 Pine Lane
About This Property
LOCATION:
1408 Pine Lane, Delray Beach, Florida: Lush green parklands and scenic picnic areas are only part of Lake Ida's appeal. This coveted neighborhood also enjoys easy access to canoeing, kayaking, freshwater fishing; the highly acclaimed Delray Beach Playhouse; Delray Beach's historic downtown district, with an array of boutiques and bistros along vibrant Atlantic Avenue; and pristine Atlantic Ocean beaches just minutes away.
PROPERTY:
In the fenced backyard, the loggia, topped by a tongue-and-groove wood ceiling and featuring a fully equipped summer kitchen, flows out to the saltwater pool with a sun shelf inviting outdoor entertaining and relaxed leisure time. Additionally, the outdoor shower is convenient when returning from the beach.
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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%.
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 |
|---|---|---|---|
| Apr 20, 2026 | Sold | ||
| Sold | |||
| Mar 31, 2026 | In contract | - | |
| In contract | |||
| Feb 20, 2026 | Listed by Premier Estate Properties, Inc | $3,999,000 | |
| Listed by Premier Estate Properties, Inc | |||
| May 2, 2025 | Listed | $4,195,000 | |
| Listed | |||
| | |||
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Welcome to your dream home, located in the highly sought after Lake Ida neighborhood. Exquisitely designed, this 5 bedroom, 5 full bathroom brand new residence offers exceptional living with thoughtful features and high-end finishes throughout. The moment you enter the grand 21' high foyer, accented by a stunning floating staircase, the tone is set for the home's sophisticated design. The heart of the home is the spacious family room with floor to ceiling, 10' high pocket sliders that disappear behind the wall and open to the huge, covered lanai overlooking the sparkling saltwater pool, creating a resort style atmosphere. The lanai features a full outdoor summer kitchen, ideal for gatherings and relaxing evenings in our wonderful South Florida climate. Primary suite is a lavish
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| Jun 28, 2024 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017