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335 Grove Place
About This Property
The gourmet kitchen is a chef's dream, outfitted with professional-grade Wolf and Sub-Zero appliances, custom 12-foot cabinetry, and a hidden butler's pantry. Adjacent to the kitchen, an expansive club room offers full front and back bars and pocketing glass doors that open completely to the outdoors, perfect for hosting or relaxing in style.
Step outside into your own private oasis with an oversized saltwater pool, spa and sun shelf surrounded by dense, tropical landscaping for total privacy. The covered outdoor living area features a full summer kitchen, wood-clad ceilings, and concealed retractable screens, allowing for effortless indoor-outdoor entertaining no matter the season. Upstairs, expansive balconies with glass railings overlook the lush central green, a landscaped park exclusive to Grove Estates, ideal for peaceful walks, yoga, or simply taking in the tranquility.
Upstairs, four spacious bedrooms include a luxurious VIP suite and a stunning primary retreat, each designed with custom finishes and spa-like bathrooms. The 5th bedroom can be optioned to an office. A three-car garage, solid steel and concrete second-floor construction, natural gas fireplace, and designer fixtures round out this exceptionally built home that merges quality with artistry at every turn.
As the first residence to be released in this nine-home community, 335 Grove Place is more than a flagship, it's the beginning of something extraordinary. With unmatched design, privacy, and a location just steps from the energy of downtown Delray, this is your opportunity to claim one of the most exclusive addresses in South Florida.
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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%.
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 |
|---|---|---|---|
| Aug 13, 2025 | In contract | - | |
| In contract | |||
| Aug 2, 2025 | Listed by Compass Florida LLC | $4,950,000 | |
| Listed by Compass Florida LLC | |||
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About Delray Beach
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Address: 335 Madison Avenue, New York, NY 10017