50
Map
$330,000
●
Condo -
Off Market
2829 Florida Boulevard #UNIT405
Delray Beach, FL 33483
2 Beds
2 Baths
1,200 Ft²
$2,991
Est. Monthly
$993
HOA / Fees
3.65%
Cap Rate
About This Property
PRIME LOCATION & WATERVIEW IN DELRAY BEACH. This spectacular water
view greets you the moment you open the door. The east-facing patio
w solar shades offers stunning vistas; the bright living area
boasts an open floor plan with 24'' ceramic tiles throughout; a
custom wall unit w granite counter,French doors to the primary
bedroom; the ensuite features a modern vessel sink w/marble vanity;
a new queen-sized Murphy bed & walk-in closet in the 2nd bedroom;
42''cabinets & granite in kitchen; full size W/D.This waterfront
community,offers 3 saltwater pools, a marina w docks for 20'-45' boats annual rental avail; clubhouse,fitness ctr, Phase 1 of the
Milestone Inspection has been completed & this building( # 17)
which this unit is in passed the inspection & does NOT require a
Phase 2 Inspection Enjoy the luxury of the beach, shopping & dining
within walking distance; immaculate grounds the vibrant nightlife
of Atlantic Ave just 2 miles away. HOA includes cable,
internet, water and storage
Unit Size
1,200 Ft²
Days on Market
164 days
Land Size
-
Price per sqft
$279
Property Type
Condo
Property Taxes
$353
HOA Dues
$993
Year Built
-
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Cap Rate Calculator
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Operating Profit Per Year
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: 2 months ago (Beaches MLS #R11025211)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 14, 2025 | Sold | ||
| Sold | |||
| Jan 23, 2025 | In contract | - | |
| In contract | |||
| Oct 1, 2024 | Listed by RE/MAX Direct | $335,000 | |
| Listed by RE/MAX Direct | |||
Property Highlights
Parking Available
Garage
Elevator
Air Conditioning
Parking Details
Has Carport
Parking Features: Attached Carport, Assigned, Covered, Guest
Interior Details
Full Bathrooms: 2
Interior Features: Entrance Foyer, Elevator, Pantry, Storage, Walk-In Closet(s), ClosetCabinetry, LivingDiningRoom, CustomMirrors, SplitBedrooms, SeparateShower
Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Water Heater, Washer
Door Features: French Doors
Laundry Features: Washer Hookup, Inside, Laundry Closet
Rooms: 5
Exterior Details
Has Property Attached
Square Footage: 1200
Security Features: Closed Circuit Camera(s), Key Card Entry, Smoke Detector(s), Security Lights
Property Condition: Resale
Architectural Style: Mediterranean
Year Built: 1971
Waterfront Features: NoFixedBridges
Building Name: 17
Builder Model: CANAL/POOL VIEW
Building Area Total: 1200
Other Structures: Boat House
Window Features: Blinds, Drapes, Storm Window(s), Sliding
Construction Materials: Block, CBSConcreteBlockStructure
Patio and Porch Features: Covered, Screened, Balcony
Pool Features: Association
Lot Features: SprinklersAutomatic, SprinklerSystem
Water Source: Public
Financial Details
Tax Annual Amount: $4,232
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s), Electric
Heating Type: Central, Electric, Heat Pump, Individual
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Cable TV, Insurance, Maintenance Grounds, Sewer, Water, Internet, CommonAreas
HOA/Condo/Coop Amenities: Billiard Room, Boating, Clubhouse, Fitness Center, Laundry, Pool, Parking, Shuffleboard Court, Storage, Elevator(s), BikeStorage, Library, PuttingGreens
HOA Fee: $993
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/01/2024
|
2 Bed
|
2 Bath
|
1200 ft²
|
$349,900
2 Bed
2 Bath
1200 ft²
|
$330,000
-5.69%
03/14/2025
|
Keith Dickman
RE/MAX Direct
| |
|
07/07/2023
|
1 Bed
|
1 Bath
|
690 ft²
|
$224,900
1 Bed
1 Bath
690 ft²
|
$221,500
-1.51%
08/18/2023
|
Angela M. Territo
Engel & Voelkers Delray Beach
| |
|
07/07/2023
| |
1 Bed
|
1.5 Bath
|
690 ft²
|
$224,900
1 Bed
1.5 Bath
690 ft²
|
-
-
|
Angela M. Territo
Engel & Voelkers Delray Beach
|
|
01/16/2021
|
2 Bed
|
2 Bath
|
1009 ft²
|
$299,999
2 Bed
2 Bath
1009 ft²
|
$286,500
-4.50%
03/22/2021
|
Shannon Zahn
Blue View Real Estate
| |
|
01/05/2021
|
2 Bed
|
2 Bath
|
1109 ft²
|
$269,950
2 Bed
2 Bath
1109 ft²
|
$260,000
-3.69%
04/30/2021
|
Kyle Cann
Premier Listings
| |
|
02/28/2020
|
2 Bed
|
2 Bath
|
1009 ft²
|
$200,000
2 Bed
2 Bath
1009 ft²
|
$178,000
-11.00%
07/10/2020
|
Christopher Calia
United Realty Group, Inc
| |
|
01/02/2020
|
2 Bed
|
2 Bath
|
1009 ft²
|
$235,000
2 Bed
2 Bath
1009 ft²
|
$230,000
-2.13%
04/02/2021
|
Diane C Keane
Coldwell Banker Realty /Delray Beach
| |
|
09/30/2019
|
2 Bed
|
2 Bath
|
1009 ft²
|
$169,000
2 Bed
2 Bath
1009 ft²
|
$140,000
-17.16%
06/12/2020
|
Jeanne Gawlas Johnston
Lang Realty/BR
| |
|
03/31/2019
|
2 Bed
|
2 Bath
|
1009 ft²
|
$235,000
2 Bed
2 Bath
1009 ft²
|
-
-
|
-
| |
|
03/19/2019
|
2 Bed
|
2 Bath
|
1100 ft²
|
$189,000
2 Bed
2 Bath
1100 ft²
|
$172,000
-8.99%
05/16/2019
|
Jeanne Gawlas Johnston
Lang Realty/BR
| |
|
10/19/2018
|
1 Bed
|
1 Bath
|
690 ft²
|
$144,900
1 Bed
1 Bath
690 ft²
|
$128,000
-11.66%
02/04/2019
|
Ron Meggison Jr
United Realty Group, Inc
| |
|
09/21/2018
|
1 Bed
|
1 Bath
|
690 ft²
|
$169,000
1 Bed
1 Bath
690 ft²
|
$161,000
-4.73%
05/03/2019
|
Diane C Keane
Coldwell Banker Realty /Delray Beach
| |
|
06/19/2018
|
2 Bed
|
2 Bath
|
1009 ft²
|
$199,900
2 Bed
2 Bath
1009 ft²
|
$172,000
-13.96%
05/23/2019
|
Jeanne Gawlas Johnston
| |
|
12/12/2017
|
2 Bed
|
2 Bath
|
1100 ft²
|
$239,000
2 Bed
2 Bath
1100 ft²
|
$229,000
-4.18%
05/24/2018
|
Jeanne Johnston
Lang Realty/BR
| |
|
07/30/2017
| |
2 Bed
|
2 Bath
|
1009 ft²
|
-
2 Bed
2 Bath
1009 ft²
|
-
-
|
-
|
|
01/14/2015
|
2 Bed
|
2 Bath
|
1009 ft²
|
$199,000
2 Bed
2 Bath
1009 ft²
|
$192,500
-3.27%
06/02/2015
|
Diane C Keane
Coldwell Banker Realty /Delray Beach
| |
|
02/16/2014
|
2 Bed
|
2 Bath
|
1050 ft²
|
$142,000
2 Bed
2 Bath
1050 ft²
|
$136,000
-4.23%
06/16/2014
|
Jeanne Gawlas Johnston
Lang Realty/BR
| |
|
02/11/2014
|
2 Bed
|
2 Bath
|
1200 ft²
|
$139,900
2 Bed
2 Bath
1200 ft²
|
$141,500
+1.14%
08/07/2014
|
Jeanne Johnston
Lang Realty/BR
| |
|
12/09/2013
|
2 Bed
|
2 Bath
|
1100 ft²
|
$115,000
2 Bed
2 Bath
1100 ft²
|
$100,000
-13.04%
05/28/2014
|
Sallie Poletto-Cavanaugh
P&S Group Inc.
| |
|
11/04/2013
|
1 Bed
|
1 Bath
|
730 ft²
|
$108,000
1 Bed
1 Bath
730 ft²
|
$103,000
-4.63%
03/20/2014
|
Jeanne Johnston
Lang Realty/BR
| |
|
01/23/2012
|
2 Bed
|
2 Bath
|
1200 ft²
|
$128,000
2 Bed
2 Bath
1200 ft²
|
$119,900
-6.33%
03/02/2012
|
Randy Tedder
Lenson Realty
|
Building Info
2829 Florida Boulevard
2829 Florida Boulevard, Delray Beach, FL 33483
- 2 Units for Sale
About Tropic Bay Condominiums
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Listed by: Keith Dickman
RE/MAX Direct
Last Updated: 2 months ago
Data Source: Beaches MLS, MLS# R11025211
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.
RE/MAX Direct
Last Updated: 2 months ago
Data Source: Beaches MLS, MLS# R11025211
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