170 Marine Way
About This Property
This is your opportunity to own and finish a thoughtfully designed estate currently being rebuilt to 2023 standards with all the plans, permits, and approvals in place including materials purchased and a construction contract with renown Stuart and Shelby Development estimating a completion date of December, 2023.
The main house, which was lifted to 8.5 ft elevation is a three bedroom, three bath modern cottage with the primary bedroom downstairs, oversized front and back porches and a spacious viewing deck off the second floor. A newly added, detached, side entrance two car garage with a large studio suite above is on the west end of the property. Both residences look out onto a tropical backyard oasis featuring a shimmering blue pool and spa framed with an all new 40ft covered lanai and pergola fitted with an outdoor dining area and summer kitchen.
Take a peaceful two block stroll along the Intracoastal waterway and arrive at Atlantic Avenues vibrant shopping and dining district, enjoy award winning beaches and a beautiful outdoor lifestyle all at your door step!
Information on construction contract available upon request.
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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.
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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 20, 2023 | Sold | ||
| Sold | |||
| Jun 16, 2023 | Listed by Engel & Voelkers Delray Beach | $3,500,000 | |
| Listed by Engel & Voelkers Delray Beach | |||
| Jun 10, 2021 | Sold | ||
| Sold | |||
| May 22, 2014 | Sold | ||
| Sold | |||
| Apr 17, 2013 | Listed by Premier Estate Properties, Inc | $1,350,000 | |
| Listed by Premier Estate Properties, Inc | |||
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Historical home newly moved to lot. This Marina Historic District is within walking distance of Delray's famous expansive beaches and just two blocks from vibrant Atlantic Avenue where trend-setting boutiques and dozens of restaurants enhance the allure of the lively downtown scene. The Marina Historic District borders the Intracoastal Waterway to the east where Delray's City Marina is centrally located for easy access for boating enthusiasts. The District with its distinctive sub-tropical landscape and narrow shaded streets is home to a wide range of architectural styles that provide one of the most interesting backdrops for this pedestrian oriented neighborhood. This corner lot home is strategically located across from the Delray Beach... (see supplement for full remark Historical home newly moved to lot. This Marina Historic District is within walking distance of Delray's famous expansive beaches and just two blocks from vibrant Atlantic Avenue where trend-setting boutiques and dozens of restaurants Cont'd Addenda enhance the allure of the lively downtown scene. The Marina Historic District borders the Intracoastal Waterway to the east where Delray's City Marina is centrally located for easy access for boating enthusiasts. The District with its distinctive sub-tropical landscape and narrow shaded streets is home to a wide range of architectural styles that provide one of the most interesting backdrops for this pedestrian oriented neighborhood. This corner lot home is strategically located across from the Delray Beach City Marina with expansive views of the sparkling Intracoastal Waterway. This waterside property southeast orientation provides ample opportunities to enjoy South Florida's tropical breezes.
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About Delray Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017