Enjoy space, comfort and peace of mind in the desirable Estate
Section of Rainberry, one of Delray Beach's established guard-gated
55+ communities. This spacious single family home offers more than
2,300 square feet of abundant natural light in the generously sized
living and dining areas with an eat-in kitchen and an oversized
primary suite. Additional features include ample storage, a two-car
garage, a private outdoor patio and a recently replaced roof.
Rainberry Bay delivers a true resort-style experience with multiple
swimming pools, a clubhouse, fitness center, tennis, pickleball,
bocce, scenic walking paths and an array of clubs and social
activities. Enjoy easy access to Atlantic Avenue, downtown Delray's
renowned restaurants and boutiques, local beaches and everyday
conveniences. Please include HOA Rider, HOPA Rider and Flood
Disclosure with Offer.
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.
Immerse yourself in the comfortable, laid-back essence of Florida living with this fabulous property on 2320 Riviera Dr, seated in the heart of Delray Beach's Rainberry Bay Estate section neighborhood. Tailored especially for the active 55+ community, this single-family house is the epitome of homey, stress-free living. In the pleasant environs of a secured, guard-gated neighborhood, your oasis awaits. Amplifying the sentiments of comfortable living, the home's spacious open floor plan offers relaxation and freedom in abundance. It integrates seamlessly into an oversized, open patio. This additional outdoor living space has been designed attentively, ensuring ample privacy for its occupants, whilst allowing you to indulge in Floridian weather and the serene evening sunsets. A stone's throw away from your doorstep is the neighborhood's theatre, equipped with a sumptuous pool and soothing spa - excellent spots for leisure and a robust social life. Focal to this neighborhood, however, is its stunning central lake. Immaculately kept, the lake is surrounded by a well-lit walking path pathway - ideal for those refreshing morning walks or tranquil evening strolls.((Adding to the lengthy list of positives is the homeowner's association's cover for exterior maintenance like roof repairs, outdoor painting, and lawn care, and all other amenities. This reduces the burden and fuss of maintaining your home, allowing you to focus on the pleasures of life.((Finally, the cherry on the cake is the property's prime location. Sited less than 15 minutes away from vibrant Delray Beach, you'll have unlimited access to countless activities the city provides. From shopping, dining, to watching waves lap the beach and absorbing the natural beauty. Here, you're not just making a house your home; you're signing up for a warm community and a lifestyle fashioned for comfort, convenience, and enrichment. Don't miss the opportunity to enhance your life and embrace this unique living experience!
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017