2701 Boone Drive
About This Property
All Reasonable Offers Entertained!
WATERFRONT OPPORTUNITY on Deep Water Canal only minutes from the Ocean, with no Fixed Bridges! 50 Ft. Dock with Electric & Water.
Covered Loggia leading to Pool.
Summer Kitchen with Built-in Grille & Sunsetter Awning.
Open Concept Kitchen & Family Room with Fireplace & Wet Bar.
Full 2 Car Garage & Circular Drive for plenty of parking!
IMPACT WINDOWS & DOORS!
TROPIC ISLE is Close to ''Everything DELRAY''! IMAGINE your boat at this 50 Ft. Dock in sought-after Tropic Isle (Deep Water Canal with NO Fixed Bridges)! FEEL the gentle breeze on your covered patio overlooking the shimmering pool while entertaining your Guests at the Built-In Grille & Summer Kitchen! TASTE the variety of Spirits from your Wet Bar while enjoying the ambiance of a wood burning fireplace in the cozy family room. PREPARE savory & festive meals in your Gourmet Kitchen for family & friends! HEAR the lapping of ocean waves on a quiet evening from your formal dining room & step down living room! ENJOY the expansive circular drive for parking numerous vehicles! REST EASY knowing your Impact Windows provide safety, sound abatement & energy efficiency! COME, LIVE the DREAM! Need we say more?
This 3BR/2.5BA Pool Home is just minutes from the inviting waters of the Atlantic Ocean, the pristine beaches of Delray, and popular Atlantic Ave., featuring unique shopping & dining experiences.
Specific Features of the Home:
Impact Windows & Doors 2010
A/C 2013 (2 Handlers & 2 Condensers/Ozone & UV)
Appliances Approx. 2007
Washing Machine Approx. 2016, Dryer Approx. 2007
Roof 2003 (40 yr. Shingle Material Warranty)
Termite Treatment 2016
Seawall & Batter Pilings Approx. 2000
Water Heater Approx. 2000
Wet Bar in Family Room
Summer Kitchen with Retractable Sunsetter Awning
Built-In Grille (Propane Gas)
Outdoor Shower
50 Ft. Dock with Electric & Water
Draft at Low Tide Approx. 5Ft.
No HOA (Voluntary Only)
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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.
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.
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About Tropic Isle North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017