655 Pelican Way
About This Property
Directly on the Intracoastal Waterway, this Modern Mediterranean residence was totally renovated in 2014, and includes a deeded yacht slip for a 50A¯A¿A½-foot vessel, in addition to having its own Intracoastal dock that can accommodate a boat lift. The gated garden courtyard entrance doubles as a beautiful outdoor living space that wraps around to the waterfront deck, showcasing the wide-open vista.
Disclaimer: The information provided herein including but not limited to measurements, square footages, lot sizes, calculations and statistics have been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All information including that produced by the Sellers or Listing Company are subject to errors, omissions or changes without notice and should be independently verified by any prospect for the purchase of a Property. The Sellers and Listing Company expressly disclaim any warranty or representation regarding all enclosed information. Prospects' use of any information herein is acknowledgement of this disclaimer and that Prospect shall perform their own due diligence. Prospects shall not rely on this information when entering into a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas. If your property is currently listed, please do not consider this a solicitation. In the event a Buyer defaults, no commission will be paid to either Broker on the Deposits retained by the Seller. "No Commissions Paid until Title Passes." Buyer pays title insurance, Florida documentary stamps, and all other closing costs for New Construction and land use. Copyright 2016 Listing Company. All Rights Reserved.
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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 |
|---|---|---|---|
| Apr 13, 2018 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $1,695,000 | |
| Listed | |||
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Pelican Way, Delray Beach, Florida. Offering a unique boating lifestyle in guard-gated privacy, Pelican Harbor is an exclusive waterfront community designed around a protected yacht basin. Private amenities feature a yacht club, fitness center, two swimming pools, and lighted tennis courts.Directly on the Intracoastal Waterway, this Modern Mediterranean residence was totally renovated in 2014, includes a deeded yacht slip for a 50A+/--foot vessel, in addition to having its own Intracoastal dock that can accommodate a boat lift. This property is being sold furnished, turn key. The information herein is believed to be accurate but is not guaranteed and may be subject to errors or omissions, and may be changed without notice. All measurements are approximate. SEE SUPPLEMENTThe manager has listed the unit size as 3236 square feet.
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| May 8, 2017 | Listed by Premier Estate Properties, Inc | $1,495,000 | |
| Listed by Premier Estate Properties, Inc | |||
| Dec 16, 2013 | Sold | ||
| Sold | |||
| Mar 8, 2013 | Listed by Premier Estate Properties, Inc | $1,200,000 | |
| Listed by Premier Estate Properties, Inc | |||
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About Pelican Harbor
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