2
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317 Pelican Way
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 28, 2025 | Sold | ||
| Sold | |||
| Apr 21, 2025 | Listed by Premier Brokers International | $1,260,000 | |
| Listed by Premier Brokers International | |||
| | |||
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Spacious single-story home in Pelican Harbor with approx. 2,423 SF under air. This desirable 3BD/3BA split floor plan offers vaulted ceilings throughout, freshly painted interiors, and popcorn ceilings removed. Updated kitchen and baths, large diagonal-set tile, and a private office/den off the primary suite. Two new AC systems, wood plantation shutters, and impact windows. Docks available for sale or rent for boats up to 60'. Pelican Harbor is a gated, pet-friendly waterfront community with 2 heated pools, tennis/pickleball courts, gym, and clubhouse overlooking the marina. HOA includes Hotwire cable, internet, and phone. Conveniently located near the beach and downtown Delray.
| |||
| Aug 29, 2019 | Sold | ||
| Sold | |||
| Apr 30, 2019 | Listed by Premier Brokers International | $629,000 | |
| Listed by Premier Brokers International | |||
| Jul 3, 2002 | Sold | ||
| Sold | |||
Property Highlights
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About Pelican Harbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017