43
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55 SE 7th Avenue
About This Property
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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 |
|---|---|---|---|
| May 15, 2024 | Sold | ||
| Sold | |||
| Mar 11, 2024 | Listed by The Corcoran Group | $3,195,000 | |
| Listed by The Corcoran Group | |||
| | |||
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Discover the essence of coastal elegance at 55 SE 7th Avenue, located in the heart of Delray Beach's esteemed Historic Marina District, a mere whisper away from Delray Beach's pristine beaches and the pulse of Atlantic Avenue. This enchanting residence, meticulously reinvented to preserve its timeless charm exemplifies contemporary luxury and invites you into a world of sophisticated living where every detail has been carefully curated to offer an unparalleled experience in comfort and style. Exuding a captivating coastal ambiance, the home boasts 3 bedrooms, 3.1 bathrooms, and a spacious open floor plan anchored by a great room. The gourmet kitchen is a culinary haven, equipped with high-end appliances including a 6 burner gas Thermador stove top, marble countertops, a generous island, and a custom built in cabinet featuring a wine fridge, sink and ample storage. The primary suite, featuring a serene spa-like bathroom, flows seamlessly into the outdoor area, where a salt-water pool and spa are nestled amidst lush landscaping and soothing outdoor lighting, creating a private oasis for relaxation. Additional highlights encompass a water filtration system, gleaming wood floors throughout, impact French windows and doors, along with copper gutters, and other exceptional details. Rarely does a residence present such a peaceful retreat in such proximity to the vibrant energy of Atlantic Avenue and the sought after amenities synonymous with Palm Beach County. For those yearning to embrace the quintessential coastal lifestyle, this offering is indeed a coveted opportunity to begin living the good life.
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| Apr 1, 2021 | Sold | ||
| Sold | |||
| Mar 3, 2021 | Listed by Douglas Elliman | $1,799,000 | |
| Listed by Douglas Elliman | |||
| Feb 16, 2018 | Sold | ||
| Sold | |||
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About Palm Square
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017