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5561 Grande Palm Circle
About This Property
Featuring a BRAND NEW 2024 ROOF, this home boasts an open-concept design with vaulted ceilings, a spacious split-floor plan with 2 bedrooms, 2 bathrooms, and a 2-car garage. Enjoy an abundance of natural light from the many windows, along with a large outdoor patio-perfect for entertaining! Very well maintained with lot of updates and a spacious laundry room with plenty of extra storage. Tile through-out--No Carpeting. NEW AC 2024 and 2017 Water Heater.
Centrally located in Delray Beach, this home is just minutes from shopping, dining, and the vibrant Atlantic Avenue! Low HOA includes cable, lawn care, community pool, and tennis. Don't miss this home! All-Ages and Pets Welcome
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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%.
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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 21, 2026 | Listed | $455,000 | |
| Listed | |||
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A pristine, move-in-ready home in the heart of Delray Beach. This villa is located in a sought-after, all-ages gated community with no membership required, offering security and low-maintenance living. The property features a private, fully fenced-in yard with green space, ideal for pets, outdoor entertaining, and enjoying the privacy and feel of a single-family home. The home has been meticulously updated with a focus on longevity and quality. All major big-ticket items are already completed, including a new roof (2024), new A/C system (2024), a new impact front door (2025), shutters on south-facing windows, and both the primary and guest bathrooms have just completed renovation and are brand new, featuring high-end finishes. Additional features include vaulted ceilings, long-life ceramic tile flooring throughout, new light fixtures and ceiling fans, and a double garage with space for two vehicles plus additional storage—nothing left to do but move in. The quarterly HOA includes biweekly landscaping service (including the private yard), ADT home security, Xfinity cable with all channels, and access to a recently updated clubhouse featuring a pool, clay tennis courts, basketball court, fitness room, and social area. Centrally located just minutes from Atlantic Avenue (“The Ave”), offering award-winning dining, boutique shopping, vibrant nightlife, and easy access to pristine beaches. Clean, updated, and exceptionally well maintained. A home that lives and feels like new.
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| Apr 21, 2025 | Sold | ||
| Sold | |||
| Mar 21, 2025 | In contract | - | |
| In contract | |||
| Mar 6, 2025 | Listed by Champagne & Parisi Real Estate | $425,000 | |
| Listed by Champagne & Parisi Real Estate | |||
| Oct 20, 2014 | Sold | ||
| Sold | |||
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About Tropical Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017