Wake up to the South Florida waterfront lifestyle you've been
dreaming of - your boat just steps from the back door, nearly 80-ft
of deep-water frontage and NO FIXED BRIDGES between home and the
Intracoastal or ocean! Situated in The Cove, one of Deerfield
Beach's most desirable boating neighborhoods, this newly remodeled,
light, bright and airy 3BD/2BA/2CG single story blends a crisp
modern interior with effortless indoor-outdoor living. Set back on
an expansive 8190 sf lot with a wide circular driveway, it's
designed for relaxed living, with a 40-FT SALT-WATER LAP POOL.
Just 9 houses from the Intracoastal, the property boasts a
PRIVATE DOCK with water, electric and a 15,000-lb BOAT LIFT, with
the Boca Inlet a quick 10-minute drive by boat or cruise to the
Hillsboro Inlet in appx 20 min. Inside, a fresh coastal aesthetic
is paired with meaningful upgrades: all IMPACT glass windows and
door, NEW ROOF with added insulation (completed in 2026), desirable
copper plumbing, (rather than cast iron). Also new: spacious
remodeled white-on-white kitchen, spa-inspired bathrooms, porcelain
tile flooring, upgraded electrical panels, NEW ductwork, added
attic insulation, and a ductless mini-split in the primary suite.
Outdoors, the fabulous south-facing backyard lends itself to
both splendid sunrises AND sunsets, and is designed for long, easy
days by the water, with a 40ft resurfaced saltwater lap pool
reimagined in 2024, with new tile, pump, filter, colored lighting
and auto-fill, heated for cooler months and chilled in summer.
Stamped-concrete entertaining areas with twinkling lights, a wooden
boat deck, and large, covered waterfront lounge create an inviting
setting for morning coffee, sunset cocktails and relaxed gatherings
by the canal. Move-in ready, thoughtfully updated and made for
boaters, this is a home where mornings start on the water and
evenings end by the pool. Deerfield Beach is conveniently
located right between Ft. Lauderdale and the Palm Beaches, with
easy access to everywhere you want to be in South Florida,
including to glorious white sandy beaches, fabulous shopping,
entertaining and countless dining options. Anchors Away! Welcome
home to the quintessential South Florida lifestyle!
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.
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