88
Map
$740,000
●
House -
In Contract
7326 Cortes Lake Drive
Delray Beach, FL 33446
3 Beds
2 Baths,
1
Half Bath
2,223 Ft²
$6,581
Est. Monthly
$2,452
HOA / Fees
About This Property
DON'T MISS THIS ONE! IT IS SPECTACULAR!! A BEAUTIFULLY
UPDATED CARIBBEAN MODEL ON THE WATER WITH A NEWER ROOF (2025).
FLOORS & BASEBOARDS UPDATED IN 2025. LANAI TILE
REPLACED 2026. IT HAS CROWN MOLDING, PLANTATION SHUTTERS IN
THE KITCHEN, FAMILY ROOM & PRIMARY BEDROOM. THE GORGEOUS
KITCHEN HAS WHITE CABINETS, UPDATED QUARTZ COUNTERTOPS &
BACKSPLASH, NEWER APPLIANCES (STOVE 2025, MICROWAVE AND FRIG 2022,
NEWER DISHWASHER). PRIMARY BEDROOM HAS A STUNNING COFFERED
CEILING & DUAL FITTED CLOSETS, PRIMARY BATHROOM HAS UPDATED
VANITIES WITH QUARTZ COUNTERTOPS, UPDATED FAUCETS, LIGHTING
FIXTURES, ETC. BRING YOUR TOOTHBRUSH BECAUSE THIS HOUSE IS
MOVE IN READY. BEAUTIFUL WATER VIEWS FROM THE KITCHEN, FAMILY
ROOM & PRIMARY BEDROOM. IT'S A WARM, COMFORTABLE & INVITING
HOME (SEE MORE) VALENCIA FALLS IS A 55+ COMMUNITY WITH A $6.2M
BEAUTIFULLY RENOVATED CLUBHOUSE. IT IS GORGEOUS WITH LOTS OF
CLUBS AND ORGANIZATIONS YOU CAN JOIN. YOU HAVE TO COME VISIT
THE HOME AND THE COMMUNITY TO TRULY APPRECIATE IT. COME LIVE
AND ENJOY THE VALENCIA FALLS LIFESTYLE. ALL MEASUREMENTS AND
INFORMATION IS DEEMED ACCURATE AND SHOULD BE INDEPENDENTLY
VERIFIED. EXCLUSIONS ARE RING DOORBELL CAMERA, EXT. SECURITY
CAMERAS, SHELVING IN 3RD BEDROOM/OFFICE.
Unit Size
2,223 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$333
Property Type
House
Property Taxes
$495
HOA Dues
$2,452
Year Built
2002
Listed By
Maura Slaughter
Keller Williams Realty
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 months ago (Beaches MLS #B26065853)
Price History
Property Highlights
Garage
Parking Available
Air Conditioning
With View
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Concrete, Garage
Garage Spaces: 2
Open Parking Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Eat-in Kitchen, High Ceilings, Pantry, Soaking Tub, Walk-In Closet(s), BreakfastArea, Bathtub, ClosetCabinetry, DiningArea, SeparateFormalDiningRoom, DualSinks, GardenTubRomanTub, SplitBedrooms, SeparateShower
Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Range, Refrigerator, Washer
Flooring Type: Vinyl
Laundry Features: Laundry Room, LaundryTub
Rooms: 8
Exterior Details
Square Footage: 2223
Square Footage Source: $0
Security Features: Security System Owned, Security System, Gated with Guard, Gated Community, Smoke Detector(s), Security Guard, MotionDetectors
Property Condition: Resale
Architectural Style: Mediterranean
Year Built: 2002
Waterfront Features: Lake Front, Lake Privileges
Building Name: CARIBBEAN
Builder Name: GL Homes
Builder Model: CARIBBEAN
Building Area Total: 2845
Levels: One
Window Features: Plantation Shutters, Arched
Construction Materials: Block, CBSConcreteBlockStructure
Patio and Porch Features: Patio, Screened
Pool Features: Association, Heated
Lot Features: Zero Lot Line, SprinklersAutomatic, SprinklerSystem, LessThanQuarterAcre
Lot Size Area: 5662.8
Lot Size Units: Square Feet
Lot Size Acres: 0.13
Lot Size Square Feet: 5662.8
Water Source: Public
Financial Details
Tax Assessed Value: $387,570
Tax Annual Amount: $5,940
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s)
Heating Type: Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Cable TV, Maintenance Grounds, Pest Control, Security, Internet, CommonAreas, RecreationFacilities, ReserveFund
HOA/Condo/Coop Amenities: Basketball Court, Billiard Room, Clubhouse, Fitness Center, Maintenance Grounds, Gated, Management, Maintenance, Playground, Pool, Shuffleboard Court, Sauna, Spa/Hot Tub, Security, Tennis Court(s), Trail(s), BocceCourt, Pickleball, PuttingGreens, Restaurant, Sidewalks
HOA Fee: $2,452
HOA Fee Frequency: Quarterly
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Valencia Falls
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Listed by: Maura Slaughter
RE/MAX Select Group
Last Updated: 2 months ago
Data Source: Beaches MLS, MLS# B26065853
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
RE/MAX Select Group
Last Updated: 2 months ago
Data Source: Beaches MLS, MLS# B26065853
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