6756 Molakai Circle
About This Property
-Tile on the diagonal
-Recessed lighting
-Fully enclosed lanai with porcelain tile & central A/C
-Custom Hunter Douglas window treatments
-Custom window draperies
-Kitchen renovated with custom European wood cabinets and Brazilian granite countertops
-Custom granite kitchen sink
-Custom sink in laundry room
-Brazilian granite window sills
-Extra closets
-Fans in all rooms
-Marble flooring in Owner's bathroom
-Upgraded custom soft close wood cabinets in Owner's bathroom
-Custom designer painting
-Screened front AND back lanai
-Custom outside security light
-Roof replacement in 2004
-Expanded garage and driveway
-Accordion shutters
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Property provides grand vaulted ceilings and recessed lighting throughout common areas. This property is meticulously maintained with pride in ownership for over 20 years
Valencia Isles has 793 single family residences with:
-2 mile walking path
-Renovated Clubhouse
-Renovated Fitness Center
-Onsite cafe
-3 pools
-2 pickle ball courts
-9 tennis courts
-Theater/ballroom
-Card Rooms
-Billiards Room
-Plus much more!
Dog friendly community with NO weight restrictions. 24 hour manned security gate. Community offers two entrances.
Maintenance fee includes:
-$300 towards cafe annually
-Hotwire cable AND internet
-Vector alarm system
-Full lawn care
-Irrigation system
-Cleaning of roof
-Exterior painting (completed in 2020)
-Common area maintenance
-Amenities
Valencia Isles is located near downtown Delray Beach where there is plenty of shopping, restaurants, and live entertainment. Boca Raton and the Town Center mall are an earshot away. Delray Marketplace on Atlantic Ave. has even more shops, restaurants, and entertainment. One attraction is Frank Theatres CineBowl which has an IMAX theater, bowling alley, and restaurant all in one building. Come experience world class food, shopping, and entertainment!
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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 |
|---|---|---|---|
| Jun 28, 2024 | Sold | ||
| Sold | |||
| May 14, 2024 | No longer available | - | |
| No longer available | |||
| May 14, 2024 | Listed by KW Reserve | $599,900 | |
| Listed by KW Reserve | |||
| | |||
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Fabulous home in the highly sought after 55+ community of Valencia Isles with recently remodeled clubhouse, complete with everything you would want to relish the Florida lifestyle, including its own restaurant. There is an additional 300+ SF of air conditioned living space that allows you to enjoy the patio regardless of the weather. Full accordion shutters, new AC and LG appliances, custom closets, and more. Quiet, private, and ready for you to enjoy paradise the Valencia way!
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| May 11, 2024 | Price Decreased |
$599,900
↓ $30K
(4.8%) | |
| Price Decreased | |||
| Mar 9, 2024 | No longer available | - | |
| No longer available | |||
Property Highlights
Building Info
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About Valencia Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017