702 SE 2nd Street
About This Property
Marine Way, Delray Beach, Florida. Delray Beach's Marina Historic District is within walking distance of the ocean beach and just 2 blocks from famous Atlantic Avenue, where trend-setting boutiques and dozens of restaurants enhance the allure of the downtown scene.
Property
Directly on the Intracoastal, captivating views of the waterway and docked yachts backdrop this picture-perfect historic gem, a brilliant renovation by acclaimed master builder Craig Robelen, bridging Old Florida charm and today's luxuries. Originally designed by renowned architect Samuel Ogren Sr. and built in 1948, this culturally significant property is recognized by the Delay Beach Historic Preservation Board, and conveys with a tax exemption for a portion of its value. The delightful palm-studded landscape highlights Old Chicago brick walkways, pergolas and trellises, a waterside pool patio, and full-service dock.
Residence
Invitingly styled with airy, open living areas warmed by hand-scraped walnut floors, this gracious residence is comfortably scaled in 4,558A± total square feet with 4 bedrooms, 4A½ baths, elevator, impact-glass windows, generator, and 2-bay garage. Anchored by a gas fireplace, the living room is lined with French doors to a waterside porch. A medallion highlighted dome-ceiling enhances the beauty of the American walnut Versailles Pattern parquet wood flooring in the dining room and wine area. The custom-designed open-concept chef's kitchen includes granite/marble counters, a dual-fuel Wolf range, Sub-Zero refrigerator, and Miele dishwasher. Three first-floor bedroom suites include separate guest/office quarters across the courtyard. Encompassing the entire second floor, the relaxing master suite with cypress-beamed, vaulted ceilings enjoys a morning bar, romantic waterside balcony, walk-in closets, and a luxurious marble bath with soaking tub and separate shower.
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.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Delray Beach
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$8,500 /mo
- 3 Beds
- 2 Baths
- 2,544 ft²
$4,800 /mo
- 2 Beds
- 2 Baths
- 1,200 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017