5495 Monterey Circle #C
About This Property
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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.
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 |
|---|---|---|---|
| Jan 17, 2025 | Sold | ||
| Sold | |||
| Dec 28, 2024 | In contract | - | |
| In contract | |||
| Aug 26, 2024 | Listed by The Keyes Company | $495,000 | |
| Listed by The Keyes Company | |||
| |||
|
Discover the perfect blend of location, luxury, and top-rated education with this fully updated lakefront townhome! Located in Delray Beach, this property offers the rare benefit of being zoned for AAA-rated Boca Raton schools, including Omni Middle School and Spanish River High School—a unique advantage for families seeking the best in education.
Property Highlights:
Modern Updates: Fully upgraded with no expense spared! From brand-new, matching flooring throughout to a stylish kitchen featuring stainless steel appliances and updated bathrooms, this home is move-in ready.
Spacious & Comfortable: The oversized master bedroom includes a dressing area, a large walk-in closet, and a private deck overlooking the peaceful lake—ideal for enjoying serene sunsets. Convenience at Every Turn: An upstairs washer and dryer simplify laundry, while an A/C system that's only 3 years old ensures year-round comfort.
Exceptional Community Amenities: Just steps from the clubhouse and pool, you'll also enjoy access to tennis courts, a fitness center, and a secure, gated, tree-lined neighborhood.
Low Maintenance Living: Impact windows and hurricane panels provide added safety, and the HOA covers the roof, making upkeep a breeze.
This hidden gem combines the charm of Delray Beach living with the prestige and academic excellence of Boca Raton schools, offering a unique opportunity for families and professionals alike. Don't miss your chance to own this incredible propertyschedule a tour today and experience lakefront living at its finest!
| |||
| Oct 13, 2017 | Sold | ||
| Sold | |||
| Jan 20, 2009 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/21/2025
|
3 Bed
|
2 Bath
|
1807 ft²
|
$487,500
3 Bed
2 Bath
1807 ft²
|
$480,000
-1.54%
02/21/2025
|
Brett Vlasek
VIP Real Estate Brokers Inc.
| |
|
08/26/2024
|
3 Bed
|
3 Bath
|
1807 ft²
|
$510,000
3 Bed
3 Bath
1807 ft²
|
$470,000
-7.84%
01/17/2025
|
Michael J Johnston
The Keyes Company
| |
|
10/13/2023
|
2 Bed
|
2 Bath
|
1702 ft²
|
$424,900
2 Bed
2 Bath
1702 ft²
|
$424,900
11/16/2023
|
Michael Tice
Florida's Best Realty Services
| |
|
04/15/2023
|
3 Bed
|
3 Bath
|
2061 ft²
|
$495,000
3 Bed
3 Bath
2061 ft²
|
$495,000
05/30/2023
|
Susan Agnew
RE/MAX Advantage Plus
| |
|
09/30/2022
|
2 Bed
|
2 Bath
|
1710 ft²
|
$364,900
2 Bed
2 Bath
1710 ft²
|
$368,000
+0.85%
12/02/2022
|
Michael Tice
Florida's Best Realty Services
| |
|
02/09/2018
|
3 Bed
|
2 Bath
|
1740 ft²
|
$279,000
3 Bed
2 Bath
1740 ft²
|
$255,000
-8.60%
05/03/2018
|
Michelle McCormick Donahue
Lang Realty/Delray Beach
| |
|
07/30/2017
|
3 Bed
|
2 Bath
|
1740 ft²
|
$289,900
3 Bed
2 Bath
1740 ft²
|
$285,000
-1.69%
09/29/2017
|
Eitan Fishbein
Florida's Best Realty Services
| |
|
07/16/2016
|
2 Bed
|
2 Bath
|
1600 ft²
|
$289,000
2 Bed
2 Bath
1600 ft²
|
$273,500
-5.36%
09/30/2016
|
Kathy D'Lando
Berkshire Hathaway Florida Realty
| |
|
10/28/2008
|
3 Bed
|
2 Bath
|
1685 ft²
|
$205,683
3 Bed
2 Bath
1685 ft²
|
$205,000
-0.33%
12/31/2008
|
Colleen Schrieber
United Realty Group Inc
|
Building Info
About Boca Delray
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017