65 Palm Square
About This Property
Exceptionally located in vibrant and highly sought-after downtown Delray Beach. The beach just a short walk over intracoastal bridge and just few steps from interesting boutiques and amazing fine dining. This property truly embraces all that the Florida lifestyle has to offer. With its exceptional design and meticulous detail, this property has an inviting floor plan and fully appointed with three large bedroom suites and four full sized bathrooms. ***See Supplement An extraordinary residence with vintage character and timeless charm for today's modern world. This property has been beautifully restored, updated and expanded in 2013 by a well-known architect and preservationist, Roger Cope.
With its exceptional design and meticulous detail, this property has an inviting floor plan and fully appointed with three large bedroom suites and four full sized bathrooms. The original structure has been preserved, adorned with Dade County pine construction, red oak floors and the nautical inspired touches which include the porthole windows and the sailboat weathervane atop the cupola.
The formal living room features a gas fireplace framed with beautiful built-in cabinetry. As you enter through the French doors, you are greeted by a spacious dining room, vintage inspired kitchen and living room, both with tongue and grove paneled vaulted ceilings. The designer kitchen is complimented with high grade granite counters and a six-burner stainless steel gas range.
Enjoy the natural day light as it fills the residence or relax by the pool in a private setting on your terrace. The peak-ceiling master suite features a luxurious bathroom with a pedestal tub, steam shower, and timeless checkerboard patterned floor covering. In addition to the master suite, the residence includes two guest bedroom suites include one on the main floor and the other upstairs with a balcony over-looking the pool, perfect for entertaining and caring for overnight guests.
Located in Delray Beach's Marina Historic District, on Palm Square, this charming historic residence's original construction dates back to 1931 and was previously added to the National Registry of Historic Places. Exceptionally located in vibrant and highly sought-after downtown Delray Beach. The beach just a short walk over intracoastal bridge and just few steps from interesting boutiques and amazing fine dining. This property truly embraces all that the Florida lifestyle has to offer.
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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 |
|---|---|---|---|
| Dec 16, 2020 | Sold | ||
| Sold | |||
| Aug 11, 2020 | Listed by Engel & Voelkers Delray Beach | $1,950,000 | |
| Listed by Engel & Voelkers Delray Beach | |||
| Aug 27, 2015 | Sold | ||
| Sold | |||
| Jun 30, 2015 | Listed by Engel & Voelkers Delray Beach | $1,595,000 | |
| Listed by Engel & Voelkers Delray Beach | |||
| Mar 10, 2014 | 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