6
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3115 Karen Drive
About This Property
Located in the quiet East Delray Beach neighborhood of Tradewinds, across from the multi-million-dollar properties of Gulf Stream Florida. The lot has 75 feet of direct intracoastal water frontage with 15' of deeded waterfront with no fixed bridges to the ocean.
Build your waterfront dream home in the highly sought-after, pet friendly East Delray Beach community along the Intracoastal Waterway. Tradewinds Estates is less than 3 miles north of Atlantic Ave & the Beach. Tradewinds has only one entry into the neighborhood & NO drive-through traffic, NO Mandatory HOA Rules or Fees. TradeWinds Estates is a great family neighborhood for walking your dog, jogging or biking. Atlantic Ave is located less than 3 miles away and your only minutes from your favorite restaurants, unique shops, entertainment and the sands of Delray Beach.
The private property is great for entertaining with room for a future pool of your dreams. Public water & sewer offers plenty of options when planning future construction projects.
Take a boat cruise up the Intracoastal Waterway North to the Ocean, and your favorite deep-sea fishing spot. Sail south to Lake Boca where boaters anchor all day as they swim and mingle in the shallow sandbars of South Florida. A voluntary homeowner's association maintains fee of $120 is used to maintain the front entrance.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 28, 2020 | Sold | ||
| Sold | |||
| Mar 16, 2020 | Listed by Lang Realty/Delray Beach | $1,250,000 | |
| Listed by Lang Realty/Delray Beach | |||
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About Trade Winds Estates South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017