7308 Cortes Lake Drive
About This Property
beautiful water view from family room and kitchen. Culligan water purification and water softening system throughout. Garage built-ins with upgraded flooring. 20 x 20 ceramic tile.
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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 24, 2026 | Sold | ||
| Sold | |||
| Feb 9, 2026 | In contract | - | |
| In contract | |||
| Feb 5, 2026 | Listed by Lang Realty/Delray Beach | $649,500 | |
| Listed by Lang Realty/Delray Beach | |||
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Welcome to Valencia Falls, a premier 55+ gated community in Delray Beach. This beautifully updated 3-bedroom, 2-bath single-family home is completely move-in ready and impeccably maintained. Upgrades include a fully extended screened-in patio perfect for outdoor living, complete hurricane impact glass throughout, a brand-new AC system, and neutral tile flooring that runs seamlessly through the entire home.
Valencia Falls offers resort-style living with a recently completed multi-million-dollar clubhouse renovation featuring top-tier amenities, clubs, and activities. Enjoy the best of South Florida living in this vibrant and meticulously cared-for community.
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| Nov 23, 2016 | Sold | ||
| Sold | |||
| Feb 16, 2016 | Listed by Nestler Poletto Sotheby's Int'l | $459,000 | |
| Listed by Nestler Poletto Sotheby's Int'l | |||
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About Valencia Falls
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017