680 Audobon Boulevard
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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%.
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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 |
|---|---|---|---|
| May 22, 2026 | Sold | ||
| Sold | |||
| Apr 30, 2026 | In contract | - | |
| In contract | |||
| Apr 20, 2026 | Listed by Douglas Elliman | $749,900 | |
| Listed by Douglas Elliman | |||
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Welcome to Tropic Palms in East Delray—no HOA, prime location, and exceptional flexibility. Just minutes to Whole Foods, Atlantic Avenue, Delray Beach, and FAU, this updated home appeals to full-time residents, seasonal users, and investors seeking strong rental income potential, including seasonal and short-term opportunities. Featuring a 2023 roof and a recently installed new sewer line, major capital improvements are already complete—offering long-term value and peace of mind. Located in one of East Delray's most desirable and high-demand rental corridors, this is a compelling opportunity for both lifestyle and investment. This updated 3-bedroom, 2-bath home is light-filled and designed for seamless indoor-outdoor living. Interior features include porcelain tile and luxury vinyl plank flooring, impact glass throughout, and an updated kitchen with quartz countertops, soft-close cabinetry, and LG appliances. Additional upgrades include newer pool equipment, resurfaced pool, irrigation system, and security system—providing ease of ownership. The private backyard delivers a true South Florida lifestyle with a saltwater heated pool and spa, surrounded by lush tropical landscaping—ideal for entertaining or relaxing. A wide side yard with gated access offers ample space for boat or RV storage, a rare feature in this location. Offering flexibility for primary residence, second home, or income-producing property, this home is especially well-suited for FAU-related housing, seasonal rentals, or extended stays in a high-demand area. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, and change of price, rental, prior sale, leasing, or withdrawal without notice.
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| Jan 25, 2024 | Sold | ||
| Sold | |||
| Sep 10, 2023 | Listed by RE/MAX Direct | $725,000 | |
| Listed by RE/MAX Direct | |||
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About Tropic Palms
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017