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7724 Monarch Court
About This Property
This is an All-aged, Gated Community located in west Delray Beach, Fl.
This home was built to entertain and a finished 2 car garage.
POLO TRACE IS THE #1 COMMUNITY IN THE WEST DELRAY BEACH, FL AREA. The community includes: a restaurant, bar, card rooms, social hall, bocce & tennis as well as PICKLEBALL courts! The 30,000+ sq foot Clubhouse also offers various social clubs like the PAP Corps, Women's Club, Chess, Canasta and various pickleball teams. Very close to downtown Delray Beach, Fl.
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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 |
|---|---|---|---|
| May 8, 2026 | Sold | ||
| Sold | |||
| Mar 4, 2026 | In contract | - | |
| In contract | |||
| Feb 24, 2026 | Listed by RE/MAX Direct | $875,000 | |
| Listed by RE/MAX Direct | |||
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Impact Windows & Doors | 2022 Tile Roof | Amazing opportunity to buy in the gated community of Polo Trace! This bright & open concept home offers vaulted ceilings, a split floor plan, and a private pool / hot tub with no rear neighbors! Not only does the home showcase true pride of ownership, it also features all new appliances, newly installed LED lighting, fans, light fixtures, built-in closets, new carpeting in the bedrooms, and fresh interior paint! Amenities: 26,000 sq/ft clubhouse, a full restaurant/bar, 3 pools, spa, 24-hour gym, yoga studio, tennis, pickleball, basketball, card rooms, playground, 2 parks/fitness trails, and 24-hour guardhouse. HOA covers ALARM, CABLE & INTERNET, ALL LAWN CARE, PRESSURE WASHING, EXTERIOR PAINTING, and a $800 annual credit to the restaurant.
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| May 30, 2024 | Sold | ||
| Sold | |||
| Feb 9, 2024 | Listed by The Rausch Real Estate Top Gun | $835,000 | |
| Listed by The Rausch Real Estate Top Gun | |||
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About Polo Trace
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017