$295,000
●
Land -
Off Market
2812 Florida Boulevard
Delray Beach, FL 33483
Studio
0 Bath
$464,410
RealtyHop Estimate
54.85%
Since Apr 1, 2018
National-US
Primary Model
About This Property
Location! Location! Location! Vacant lot, ready to build in one of
the most desirable neighborhoods in Delray Beach, Tropic Isle.Just
minutes from the beaches, shops, restaurants & downtown Atlantic
Ave. This 11,500 lot includes 3 parcels, control
numbers:0000030, 0000020 and
0000010.City approved and permitted for dwelling of 3
units.
Unit Size
-
Days on Market
132 days
Land Size
0.26 acres
Price per sqft
-
Property Type
Land
Property Taxes
$71
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 9 months ago (Beaches MLS #F10093010)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 14, 2024 | In contract | - | |
| In contract | |||
| Jan 9, 2024 | Listed | $2,815,000 | |
| Listed | |||
| | |||
|
NEW CONSTRUCTION- Delray Isles Townhomes is a brand-new island inspired townhomes project consisting of 7 luxury 2 & 3 story units located in the heart of Delray Beach, within exclusive waterfront Tropic Isle community, minutes from Downtown Atlantic Avenue, beaches, and major retail stores. Exuma Model- Largest 3 story corner unit floor plan consisting of 4,443 total square feet with 4 bedrooms and 4.5 baths, centered around a sweeping 1st floor great room, upscale island kitchen with custom cabinetry, high-end JennAir appliances and fine finishes, wood floors throughout, covered patio area with outdoor kitchen and private pool, lounge area with wet bar opening to expansive 3rd floor roof deck (550 sqft), impact sliding windows/doors, 2-car garage. Groundbreaking Q4 2024.
| |||
| Dec 2, 2023 | No longer available | - | |
| No longer available | |||
| Dec 3, 2022 | Listed | $2,815,000 | |
| Listed | |||
| | |||
|
NEW CONSTRUCTION - Delray Isles Townhomes is a brand-new island inspired townhomes project consisting of 7 luxury 2 & 3 story units located in the heart of Delray Beach, within exclusive waterfront Tropic Isle community, minutes from Downtown Atlantic Avenue, beaches, and major retail stores.
Exuma Model - Largest 3 story corner unit floor plan consisting of 4,443 total square feet with 4 bedrooms and 4.5 baths, centered around a sweeping 1st floor great room, upscale island kitchen with custom cabinetry, high-end JennAir appliances and fine finishes, wood floors throughout, covered patio area with outdoor kitchen and private pool, lounge area with wet bar opening to expansive 3rd floor roof deck (550 sqft), impact sliding windows/doors, 2-car garage. Groundbreaking Q4 2023.
| |||
| Nov 9, 2021 | Sold | ||
| Sold | |||
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Listed by: Andres Zapata
Douglas Elliman
Last Updated: 9 months ago
Data Source: Beaches MLS, MLS# F10093010
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
Douglas Elliman
Last Updated: 9 months ago
Data Source: Beaches MLS, MLS# F10093010
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