4780 Valencia Drive
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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.
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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 3, 2026 | Sold | ||
| Sold | |||
| Jan 25, 2026 | In contract | - | |
| In contract | |||
| Jan 8, 2026 | Listed by LoKation | $729,000 | |
| Listed by LoKation | |||
| | |||
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Delray's hidden gem, Hammock Reserve, awaits!
Nestled behind three gated entrances and surrounded by five serene lakes and a 5-acre nature preserve, Hammock Reserve is an intimate community of just 273 single-family homes, offering privacy and space in Central East Delray.
The private backyard features a recently resurfaced heated pool, screened lanai, and shaded patio overlooking the nature preserve. With desirable southern exposure, the space feels bright, peaceful, and secluded. A separate fenced side yard provides plenty of room for pets or gardening. Inside, enjoy 10-foot ceilings, tile flooring throughout, impact windows, doors, and garage door, plantation shutters, and roller shades on the sliders. Freshly painted inside and out, the home's move-in-ready kitchen includes brand-new 2025 appliances, and the garage features a hardwired Tesla charger. A professionally installed security system and poured concrete construction add peace of mind and durability. The open floor plan creates a bright, airy feel, and the home's pristine condition reflects clear pride of ownership.
Hammock Reserve is an all-ages community designed for easy, low-maintenance living, featuring scenic walking paths and a quiet neighborhood atmosphere. Zoned for A+ rated Boca Raton schools and just minutes from Atlantic Avenue, the beach, and the Delray Beach Golf Club's $30 million renovation, the location is unbeatable. With quick access to I-95, travel to West Palm Beach, Fort Lauderdale, and Miami is effortless.
A preserve-backed, turn-key home offering quality construction, privacy, and the best of Delray living.
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| Apr 7, 2016 | Sold | ||
| Sold | |||
| Feb 8, 2016 | Listed by Lang Realty/Delray Beach | $385,000 | |
| Listed by Lang Realty/Delray Beach | |||
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About Hammock Reserve
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017