917 Tropic Boulevard
About This Property
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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.
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 |
|---|---|---|---|
| Mar 31, 2026 | Sold | ||
| Sold | |||
| Jan 17, 2026 | In contract | - | |
| In contract | |||
| Oct 15, 2025 | Price Decreased |
$4,999,000
↓ $351K
(6.6%) | |
| Price Decreased | |||
| Sep 5, 2025 | Listed by The Corcoran Group | $5,350,000 | |
| Listed by The Corcoran Group | |||
| | |||
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Welcome to 917 Tropic Boulevard, a distinguished residence in the esteemed waterfront community of Tropic Isle, Delray Beach, Florida. This exquisite property, built in 2018, epitomizes luxury living with its expansive 4,630 square feet of meticulously designed space. Offering five bedrooms and five bathrooms, this home is a sanctuary for those who appreciate both elegance and functionality. Situated on a prime lot with 200 feet of deep-water frontage, this estate is a boater's paradise, providing ample docking space for yachts and watercraft. The open-concept floor plan enhances the sense of space and light, seamlessly integrating the living areas with a gourmet kitchen. This culinary haven is equipped with top-of-the-line Thermador appliances, a substantial quartz island, and premium fixtures, all complemented by breathtaking panoramic water views. The property boasts a range of high-end amenities designed for comfort and convenience. Central air and electric cooling ensure a pleasant climate year-round, while central and electric heating provide warmth during cooler months. The residence features a private pool and spa, perfect for relaxation and entertainment, alongside a screened porch for enjoying the outdoors in comfort. Hardwood and tile flooring grace the interiors, adding a touch of sophistication, while a circular driveway and garage with a door opener offer ease of access and security. The outdoor space is further enhanced by an outdoor grill, ideal for alfresco dining and gatherings. This home also includes a private guest suite and a dedicated home office on the first floor, catering to the needs of modern living. The combination of thoughtful design, premium amenities, and a prime waterfront location makes 917 Tropic Boulevard a rare offering in the Delray Beach real estate market. Experience the epitome of Florida living in this exceptional estate, where every detail has been crafted to provide a lifestyle of unparalleled luxury and comfort.
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| Jun 2, 2022 | Sold | ||
| Sold | |||
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About Tropic Isle North
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