933 Allamanda Drive
About This Property
This 5 star unique waterfront estate has a spacious open floor plan and a timeless Transitional Coastal Contemporary Design by award winning Richard Jones Architecture, interior design by Sklar, and Beachfront Builders.
Key Features: 12' x 40' pool and infinity Spa with two shallow walks, concrete 70' dock with a wide canal, outdoor courtyard shower and guest outdoor shower, two ground floor flex rooms built to suite: Club Room and Office, Master Bathroom includes a TOTO Washlet bidet, wet-room/sauna shower with a soaking tub, 2 Covered Patios with a fire-pit on the 2nd-floor balcony, 3 Car Garage with room for a lift. Professionally designed Kitchen including Premium Appliances and butlers pantry, 11' Ceilings & 8' Doors, and a Summer Kitchen. The developer designed this Tropical Estate with coastal luxury and world class design in mind. No detail was left behind. Coconut Palm Estate encompasses a true Floridian lifestyle with luxurious details.
Tropic Isle neighborhood is Delray Beach's elite waterfront property with deep finger canals for avid boaters. The deep-water canal has access to the Ocean without any fixed bridges. The property location is 7 minutes' drive from Downtown Atlantic Ave and beach, walking distance to the closest shopping plaza on Linton and Federal highway, which includes Trader Joes, Pier 1 Imports, Venetian Spa, and top-rated restaurants.
The information herein is deemed reliable and subject to errors, omissions or changes without notice. All renderings may be displayed as optional upgrades throughout the 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.
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 20, 2026 | Sold | ||
| Sold | |||
| Apr 16, 2026 | In contract | - | |
| In contract | |||
| Mar 26, 2026 | Price Decreased |
$4,999,000
↓ $496K
(9%) | |
| Price Decreased | |||
| Feb 4, 2026 | Price Decreased |
$5,495,000
↓ $200K
(3.5%) | |
| Price Decreased | |||
| Nov 20, 2025 | Price Decreased |
$5,695,000
↓ $200K
(3.4%) | |
| Price Decreased | |||
Property Highlights
Building Info
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About Tropic Isle North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017