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5238 Palm Ridge Boulevard
About This Property
While the home is move-in ready, it also presents an opportunity for customization. One room remains unfinished, (the owner was planning a primary bedroom and 2 more bathrooms) and the spacious backyard is a blank canvas-ready for the next owner to design their ideal outdoor retreat.
With its oversized lot, solid updates, and unbeatable location close to downtown Delray's shopping, dining, and beaches, this property is perfect for buyers seeking space, value, and the chance to make a home truly their own.
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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 |
|---|---|---|---|
| Dec 11, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Oct 3, 2025 | Relisted | $580,000 | |
| Relisted | |||
| Sep 21, 2025 | In contract | - | |
| In contract | |||
| Sep 1, 2025 | Listed by Epique Realty Inc. | $575,000 | |
| Listed by Epique Realty Inc. | |||
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About Delray Garden Estates
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$10,000 /mo
- 3 Beds
- 3 Baths
- 3,293 ft²
$3,250 /mo
- 2 Beds
- 2 Baths
- 1,400 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017