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5828 Via De La Plata Circle
About This Property
The main house features three bedrooms and two and a half baths, with the spacious primary suite conveniently located on the ground floor. Upstairs, two additional bedrooms share a full bathroom, ideal for family or guests.
A detached guest house adds even more flexibility, offering a private bedroom, full bath, and its own air conditioning zone, perfect for visitors, a home office, or studio.
Designed for both daily living and entertaining, the home showcase saltwater, heated pool with waterfall edge, built-in lounging seat, color-changing LED lights, and a tumbled marble deck with decorative turf accents. Phantom screens on all doors lead to the pool area, merging indoor and outdoor living. Inside, high-end finishes abound, including Saturnia marble floors in the main living spaces, hardwood in all bedrooms, and custom tile in the guest house. The gourmet kitchen is a chef's dream, featuring quartzite countertops, an oversized island with built-in storage, a Viking refrigerator, convection oven, and a pantry with pull-out drawers. The upgraded laundry room includes a large utility sink, new washer and dryer, and practical drying racks.
Every detail of the home has been carefully considered, from shiplap accent walls and designer wall covernings to custom closets, crown molding and so much more. Additional smart features include Nest thermostats, keyless Schlag entry pads, a central vacuum system, and a fully integrated alarm and exterior security camera system. Hurricane protection is comprehensive, with impact-rated doors, accordion shutters, and a storm-rated garage door.
Set on a beautifully landscaped lot with a private garden, Colusa hedge for added seclusion, and custom lighting, the property is also supported by HOA-maintained sprinklers and lawn care. Addison Trace offers a full suite of amenities including a clubhouse, gym, spa, pool, and tennis courts. .
This home represents a rare opportunity to own a designer-upgraded residence in one of Delray Beach's most desirable communities within a short drive to downtown Atlantic Avenue premium shopping, entertainment and pristine beaches.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017