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Map
571 Pelican Way
About This Property
Pelican Harbor was constructed during the 1980s and is divided into three distinct subdivisions: Pelican Harbor, Pelican Pointe, and Captains Walk.
The gated community of Pelican Harbor is a boater's dream with luxury club amenities. Pelican Harbor's amenities include 2 large swimming pools, a boathouse with water and electricity, tennis courts with pickleball, a fitness center, a clubhouse with a waterfront deck and yacht club with dockage for boats in excess of 60 ft in length and many other highlights.
Homeowner association fees include onsite management, 24-hour manned gated security, basic cable television, lawn care, reserve funds, building insurance, exterior maintenance of condominiums, and maintenance of all common areas.
Important Information and Features:
Amenities at Pelican Harbor:
1 Tennis Court with Pickleball Courts
2 Pools (West Pool/Yacht Club)
1 Clubhouse (available for private parties for a fee)
1 Gym/Fitness Center
Capital Contribution: $1000 per unit upon transfer
How many homes in Pelican Harbor?: 195
Royal Pelican Yacht Club Membership: $75 per year
Rental Restrictions: Minimum of 2 months - Maximum 2x per year
Pet Restrictions: NONE
Contractor Work Hours:
M-F 8am-6pm
Sat/Sun/Holidays - Quiet Work Permitted 9am-6pm
*Contractors must have ARC approval form on file at Guard House
*Must verify building, coding and architectural requirements with the City of Delray Beach.
The homesite has plenty of room to add a private pool on the lot.
Slip 19 is owned by seller at 571 Pelican Way. Slips are not deeded.
If someone that lives in Pelican Harbor Homeowners Association (master) Pelican way/commadore circle/captains walk etc, they can lease or purchase a slip from a homeowner.
If someone does NOT live in the community, they cannot lease or purchase a slip.
Slip 19 is $350 semi-annual
Can slip be rented out?
Can rent ONLY to someone that lives in Pelican Harbor Homeowners Association community.
Can it be sold? Yes
Slip 19: Max is 42' length. Slip Width: 20.5'
Who maintains the dock? The association/management in which the dock is located.
Seawall is owner's responsibility.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 9, 2025 | Sold | ||
| Sold | |||
| Mar 13, 2025 | In contract | - | |
| In contract | |||
| Feb 5, 2025 | Listed by One Sotheby's International Realty | $1,750,000 | |
| Listed by One Sotheby's International Realty | |||
| | |||
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Seize this incredible opportunity to build your dream waterfront home in East Delray's only gated boating community with direct Intracoastal access! This prime tear-down property is perfectly positioned on a 50' waterfront lot on Tropic Isle Harbor, just off of the Intracoastal, and includes a deeded boat slip and dock, making it a boater's paradise. This sought-after enclave offers a unique chance to create a custom residence tailored to your vision, maximizing breathtaking water views, privacy & the ultimate South Florida lifestyle. Beyond the homesite's potential, residents of Pelican Harbor enjoy the prestige and security of this exclusive community, complete with 24/7 gated access, a Clubhouse/Yacht Club, Tennis Court, Pools, and an unbeatable location. Minutes from Atlantic Avenue!
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| Jan 17, 2025 | No longer available | - | |
| No longer available | |||
| Aug 17, 2024 | Price Decreased |
$2,250,000
↓ $250K
(10%) | |
| Price Decreased | |||
Property Highlights
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About Pelican Harbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017