729 Heron Drive
About This Property
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
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 18, 2025 | Sold | ||
| Sold | |||
| Aug 28, 2025 | In contract | - | |
| In contract | |||
| Aug 11, 2025 | Listed by Douglas Elliman | $775,000 | |
| Listed by Douglas Elliman | |||
| |||
|
This stunningly remodeled 3br/2ba East Delray home truly has it all. As you enter, you are immediately struck by the natural light, the bright and open layout, and the stunning renovation. Newly laid designer tile and upgraded lighting run throughout the split floorpan home. The open eat-in kitchen chef's kitchen boasts custom shaker soft-close cabinets, gorgeous granite countertops, and new appliances. The oversized master suite includes a walk-in closet, a completely remodeled bathroom, and impact glass sliding doors leading out to the backyard oasis. The spacious guest rooms enjoy walk-in closets and bountiful natural light. The stunning secondary bathroom includes beautiful marble-like tile throughout. Sliding glass or French doors offer entry to the backyard from the master, living, and dining rooms. The tropical retreat boasts a screened-in patio, a raised wood deck, newly-laid astroturf, and a spectacular pool and jacuzzi with new heater, motor, salt-water system, and plumbing. In addition to the gorgeous fenced-in backyard, the home offers an oversized front porchthis is the perfect home to truly embrace South Florida's indoor/outdoor lifestyle. The spacious laundry room provides supplemental storage. Additional whole-house upgrades include newly smoothed ceilings, a newly stuccoed facade, new paint, new A/C, new water heater, new venting for air ducts, an EV charger, and a smart home security system including motion detection cameras and lights. A circular driveway offers an abundance of parking. This designer home is truly turnkey and perfect as a forever home, investment property, or Airbnb--the property is currently operating as a profitable short term vacation home rental. Tropic Palms is a highly desirable, no HOA community--conveniently located only blocks to the beach and Downtown Delray.
| |||
| Jun 25, 2025 | Price Decreased |
$745,000
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Jun 19, 2025 | Price Decreased |
$755,000
↓ $13K
(1.7%) | |
| Price Decreased | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Tropic Palms
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$7,500 /mo
- 2 Beds
- 1 Bath
- 1,203 ft²
$6,900 /mo
- 3 Beds
- 2 Baths
- 1,552 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017