RAINBERRY BAY - ACTIVE ADULT COMMUNITY FOR 55+. Desirable
Location-RIVIERA DRIVE. RARE ADA-ACCESSIBLE HOME OPPORTUNITY.
UNDERGROUND GENERATOR FOR THE ENTIRE HOUSE. TODAY'S LARGEST
AVAILABLE HOUSE. Poised serenely in the idyllic neighborhood
of Rainberry Bay in Delray Beach, Florida, sits 2925 Riviera Drive
- a sterling testament to architecturally impressive craftsmanship,
inviting aesthetics, and a thoughtful layout. Bathed in
bright Florida sunshine, this expansive single-family home sits
gracefully on an oversized cul-de-sac lot within the coveted
'Estates' section. The astute buyer will find over 2,556 square
feet of light-filled living area, brimming with breathtaking
architectural details and a relaxed luxury that effortlessly
conspires to make this entity feel like 'home'. Be ushered
into its unique charm as you step through the majestic double
doors. A welcoming foyer sets the tone with two conveniently placed
skylights that bathe the space in generous natural light. The
elegant blend of tiled floors serves as a sophisticated canvas for
displaying one's personal style through furniture and accessories.
The heartbeat of this home lies in its dynamic kitchen.
Brought to life with custom cabinetry, this culinary wonder hosts
an envious extra-large island, a backdrop for memorable meals and
social gatherings. Adding to the allure of this focal area are
elegant granite countertops, complemented by a practical deep sink
and high-standard appliances - making every cooking venture an
enjoyable endeavor. The thoughtful design of the home extends
to social settings. A formal dining room opens the doors to hosting
splendid gatherings and unforgettable meals, enhancing the
family-centric functionality of this abode. Bask in peaceful
moments in the enclosed Florida room, where one could lose oneself
in the pages of a novel or in restful reverie. For those who revel
in the outdoors, the screened patio serves as a comfy shelter for
larger gatherings, extending the entertaining capacity, while the
home's accordion shutters provide added assurance. At 2925
Riviera Drive, the exceptional size of the property, combined with
its unique location near the resident's back gate, truly
distinguishes it from the ordinary. This distinctive dwelling
offers an outstanding opportunity to experience a remarkable blend
of spaciousness, relaxation, and convenience - a rare gem in Delray
Beach's superb landscape. Among the home's superior amenities
is its commitment to accessibility. RARE ADA-ACCESSIBLE HOME
OPPORTUNITY. This home is fully architecturally compliant
with ADA Accessibility Standards, providing a true barrier-free
living environment for maximum accessibility and comfort. To
further emphasize its functionality, the home also features an
on-demand, full-house generator system. Beautifully
maintained, this house embodies Florida living at its best.
Discover your ideal home away from home with the accessibility,
luxury, and location that 2925 Riviera Drive in Delray Beach
offers. Rainberry Bay offers a wide range of amenities
designed for both relaxation and recreation. Residents can enjoy 10
Har-Tru tennis courts, including 2 lighted courts for evening play.
There are also 2 lighted bocce courts and 8 lighted pickleball
courts for nighttime fun. For swimming enthusiasts, there are 5
year-round swimming pools, with one pool illuminated for nighttime
swims. The clubhouse features various facilities, including
arts-and-crafts rooms, billiards and card rooms, and conference
rooms. The library is well-stocked with books, puzzles, and DVDs.
For those looking to stay active, there is an exercise room, and
residents can catch a movie or show in the theater. Additionally,
the community is secured by a 24-hour manned welcome gate,
providing added peace of mind. A RARE ADA-ACCESSIBLE HOME
OPPORTUNITY. UNDERGROUND GENERATOR FOR THE ENTIRE HOUSE. TODAY'S
LARGEST AVAILABLE HOUSE.ROOF--2019 (covered by the HOA)
A/C----8/22, HWH-2017. $2,059 QUARTERLY HOA COVERS BASIC
CABLE, INTERNET (COMCAST), LANDSCAPING, PAINTING OF THE HOUSE EVERY
7 YEARS, ROOF REPLACEMENT (EVERY 20-25 YRS), POWER WASHING OF THE
DRIVEWAYS AND WALKWAYS ONCE A YEAR, GUTTER CLEANING THREE TIMES A
YEAR, SECURITY SERVICES, INCLUDING OVERNIGHT DRIVING AROUND THE
NEIGHBORHOOD. BUYER PAYS ONE-TIME CAPITAL
CONTRIBUTION-$2,059.
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.
Parking Features: Attached, Circular Driveway, Driveway, Garage, Garage Door Opener, On Street
Garage Spaces: 2
Open Parking Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Breakfast Bar, Built-in Features, Cathedral Ceiling(s), Entrance Foyer, Eat-in Kitchen, High Ceilings, Kitchen Island, Other, Vaulted Ceiling(s), Walk-In Closet(s), BedroomOnMainLevel, BreakfastArea, KitchenDiningCombo, LivingDiningRoom, MainLevelPrimary, SittingAreaInPrimary, SeparateShower, StackedBedrooms
Appliances: Cooktop, Dryer, Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Disposal, Gas Range, Ice Maker, Microwave, Oven, Water Purifier Owned, Refrigerator, Water Softener Owned, Water Softener, Water Heater, Water Purifier, Washer
Flooring Type: Ceramic Tile, Tile, Vinyl, Wood
Door Features: French Doors
Laundry Features: Inside, Laundry Room
Exterior Details
Square Footage: 2556
Square Footage Source: $0
Security Features: Security System Owned, Security System, Closed Circuit Camera(s), Fire Alarm, Security Gate, Gated with Guard, Gated Community, Smoke Detector(s), Security Fence, Security Guard, MotionDetectors
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