51
Map
2022 Alta Meadows Lane #607
About This Property
Ideally located just steps from the resort-style pool, clubhouse, fitness center, tennis courts, and basketball courts. Pet-friendly community! Conveniently situated east of I-95, only minutes from downtown Delray Beach and the beautiful beaches.
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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 |
|---|---|---|---|
| Jul 10, 2026 | Sold | ||
| Sold | |||
| Jun 19, 2026 | In contract | - | |
| In contract | |||
| May 6, 2026 | Price Decreased |
$398,500
↓ $1K
(0.3%) | |
| Price Decreased | |||
| Mar 13, 2026 | Price Decreased |
$399,500
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Jan 29, 2026 | Listed by LoKation | $409,000 | |
| Listed by LoKation | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/29/2026
|
2 Bed
|
2 Bath
|
1175 ft²
|
$409,000
2 Bed
2 Bath
1175 ft²
|
$380,000
-7.09%
07/10/2026
|
Joseph Sasso
LoKation
| |
|
04/23/2025
|
3 Bed
|
2 Bath
|
1433 ft²
|
$475,000
3 Bed
2 Bath
1433 ft²
|
$390,000
-17.89%
09/05/2025
|
Tarrin Aliff
Coldwell Banker Realty /Delray Beach
| |
|
11/01/2023
|
3 Bed
|
2 Bath
|
1362 ft²
|
$487,999
3 Bed
2 Bath
1362 ft²
|
$468,000
-4.10%
01/25/2024
|
Anthony Amoroso
Coldwell Banker
| |
|
03/28/2022
|
2 Bed
|
2 Bath
|
1310 ft²
|
$449,000
2 Bed
2 Bath
1310 ft²
|
$450,000
+0.22%
05/19/2022
|
Jake Marshall Friedman
Compass Florida LLC
| |
|
04/02/2021
|
3 Bed
|
2 Bath
|
1454 ft²
|
$345,000
3 Bed
2 Bath
1454 ft²
|
$335,000
-2.90%
05/28/2021
|
Taylor Valente
Compass Florida, LLC
| |
|
04/02/2020
|
2 Bed
|
2 Bath
|
1310 ft²
|
$259,900
2 Bed
2 Bath
1310 ft²
|
$250,000
-3.81%
09/04/2020
|
Stephen Gerken
Highland Beach Realty Inc.
| |
|
03/20/2019
|
2 Bed
|
2 Bath
|
1310 ft²
|
$255,000
2 Bed
2 Bath
1310 ft²
|
$245,000
-3.92%
06/20/2019
|
Anthony Aliberti
Posh Properties
| |
|
10/28/2018
| |
2 Bed
|
2 Bath
|
1414 ft²
|
$269,000
2 Bed
2 Bath
1414 ft²
|
-
-
|
Catherine A McGlennon
Engel & Voelkers Delray Beach
|
|
10/28/2018
|
2 Bed
|
2 Bath
|
1414 ft²
|
$269,000
2 Bed
2 Bath
1414 ft²
|
$258,000
-4.09%
12/06/2018
|
Cat McGlennon
Engel & Voelkers Delray Beach
| |
|
09/20/2018
|
2 Bed
|
2 Bath
|
1310 ft²
|
$264,900
2 Bed
2 Bath
1310 ft²
|
$252,500
-4.68%
11/08/2018
|
Emily Gamber
ZenQuest Realty Inc
| |
|
12/13/2017
|
2 Bed
|
2 Bath
|
1131 ft²
|
$228,500
2 Bed
2 Bath
1131 ft²
|
$217,500
-4.81%
02/28/2018
|
Richard A Learner
Midas International RE
| |
|
08/17/2016
|
2 Bed
|
2 Bath
|
1310 ft²
|
$239,900
2 Bed
2 Bath
1310 ft²
|
$219,000
-8.71%
09/16/2016
|
Mark Rucco
Re/Max Direct
| |
|
03/21/2016
|
2 Bed
|
2 Bath
|
1414 ft²
|
$230,000
2 Bed
2 Bath
1414 ft²
|
$230,000
04/26/2016
|
Scott Harmer
Real Broker, LLC
| |
|
05/10/2015
|
3 Bed
|
2 Bath
|
1454 ft²
|
$254,900
3 Bed
2 Bath
1454 ft²
|
$1,659
-99.35%
10/23/2015
|
Scott Harmer
Keller Williams Realty Services
| |
|
11/26/2011
|
2 Bed
|
2 Bath
|
1131 ft²
|
$114,500
2 Bed
2 Bath
1131 ft²
|
$110,000
-3.93%
04/02/2012
|
Patti King
FLORIDA PROPERTIES DIVERSIFIED
|
Building Info
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