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3215 Palm Drive
About This Property
COMPLETION IN 30 DAYS STATE OF THE ART CONSTRUCTION
Invest now before the last properties in the coveted east of A1A Delray neighborhood are snapped up, potentially doubling in value.
Situated a mere 2.7 miles north of the renowned Atlantic Avenue, this location boasts an array of upscale shops and restaurants that continue to expand. Enjoy the vibrant atmosphere with over 20 street fairs annually. Additionally, it's conveniently located 2.8 miles from Boynton Beach, where a 500-million-dollar town square project is underway.
With more restaurants and shopping opportunities coming soon both cities are extremely golf cart friendly
With a proximity of just 1 mile to the ocean and the neighborhood directly on the Intracoastal Waterway, residents can relish in endless ocean breezes. This prime location is strategically positioned between Palm Beach International and Fort Lauderdale International airports, offering easy access. Not to mention, there are several private airports in the vicinity.
If you're an art and design enthusiast, you'll be delighted to know that this neighborhood is only 58 miles away from the world-famous Wynwood Walls, adjacent to the renowned Miami Design District. Take a quick trip for an amazing lunch experience.
The neighborhood currently comprises 78 homes, with 3 recently completed new constructions, 4 under construction, and 7 in the permitting phase. Seize the opportunity to be a part of this thriving community. There is a voluntary HOA with a fee of $150 per YEAR.
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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 |
|---|---|---|---|
| Mar 10, 2025 | Sold | ||
| Sold | |||
| Dec 22, 2024 | In contract | - | |
| In contract | |||
| Nov 26, 2024 | Listed by 1st America Real Estate | $3,385,000 | |
| Listed by 1st America Real Estate | |||
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30 DAYS UNTIL COMPLETION. BRAND NEW, STATE OF THE ART CONSTRUCTION-Primary & 2nd bedrooms on 1st floor; each with en suite bathrooms, Also 1st floor office, laundry room, large living/dining room, wet bar, wine storage, large open kitchen with deluxe appliances, island and butler pantry. Expansive open patio, pool, spa with large covered outdoor kitchen/entertainment area & cabana bath. Large 3 car garage. Each of the two 2nd floor bedrooms have private baths and covered patios. There is also a second floor laundry. Large walk-in closets throughout. Over-sized lot with fully fenced rear yard. Buyer can choose tile finishes by June/July and optional appliances. Click Documents tab for property brochure. SUPPLEMENT TAB FOR ADDITIONAL INFO. More..
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| Feb 2, 2021 | Sold | ||
| Sold | |||
| Nov 9, 2020 | Listed by 1st America Real Estate | $350,000 | |
| Listed by 1st America Real Estate | |||
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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