29
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7889 Lake Sands Drive
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Jan 22, 2026 | Listed | $460,000 | |
| Listed | |||
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Welcome to Emerald Point, a gated resort-style community offering an exceptional lifestyle. This highly desirable villa features 2 bedrooms plus a den and a one-car garage. The home has been beautifully upgraded with accordion shutters, stylish flooring, modern bathrooms, updated toilets, new switches and light fixtures, a contemporary kitchen with new appliances, and a washer and dryer. Enjoy outstanding amenities including a clubhouse, game room, fitness center, pool, tennis and shuffleboard courts, and scenic bike and jog paths. Ideally located near the Turnpike and just minutes from downtown Delray Beach dining, shopping, and pristine beaches. The association covers roof, lawn care, exterior maintenance, insurance, internet, water, cable, roads, alarm system, and amenities—truly carefree living at its best.
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| Nov 25, 2025 | Price Decreased |
$460,000
↓ $20K
(4.2%) | |
| Price Decreased | |||
| Sep 15, 2025 | Listed | $479,900 | |
| Listed | |||
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Emerald Point, Resort-Style Villa!Gated community
Highly desirable model featuring 2 bedrooms plus a den and a one-car garage. This home is fully upgraded with accordion shutters, stylish floors, modern bathrooms, updated toilets, new switches and light fixtures, a contemporary kitchen with new appliances, and a washer and dryer. Enjoy resort-style amenities including a clubhouse, game room, fitness center, pool, tennis, shuffleboard, and scenic bike/jog paths. Ideally located near the Turnpike and just minutes from downtown Delray’s top restaurants, shopping, and beautiful beaches. Don’t miss this rare opportunity to own a slice of paradise in Emerald Point. The association covers Roof, Lawn, Exterior Maintenance, insurance, Internet, water, cable, roads, alarm systems & amenities
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| May 29, 2025 | Sold | ||
| Sold | |||
| Apr 30, 2025 | In contract | - | |
| In contract | |||
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About Emerald Pointe
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$10,000 /mo
- 5 Beds
- 4 Baths
- 2,848 ft²
$8,695 /mo
- 2 Beds
- 2 Baths
- 1,728 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017