954 Banyan Drive
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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 |
|---|---|---|---|
| Mar 16, 2021 | Sold | ||
| Sold | |||
| Sep 24, 2020 | Listed by Engel & Voelkers Fort Lauderdale | $3,595,000 | |
| Listed by Engel & Voelkers Fort Lauderdale | |||
| Jan 25, 2019 | Sold | ||
| Sold | |||
| Nov 5, 2018 | Listed by Lang Realty/Delray Beach | $3,300,000 | |
| Listed by Lang Realty/Delray Beach | |||
| | |||
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SOLD FOR 2.8M + $500K (3.3M to seller) - fully furnished/turnkey including Artwork, pool table, entertainment system/all electronics/accessories + boat.
A Boaters Dream Come True with Endless Possibilities in Lifestyle! You'll absolutely love this gorgeous contemporary - custom built home located right on a deep water canal in the heart of Delray Beach - ''Tropic Isle'', the most sought after waterfront community in Delray Beach. With a private dock, including boat & boat lift, you will have easy ocean access with no fixed bridges. Great home to entertain both indoor and outdoor for all year round enjoyment. 4 bedroom, 7 bathroom home with an over sized 2-car garage will give you a total of 8,700+ sq. ft. of generous space to move about...cont ....without losing that cozy atmosphere when its time to cuddle up and have a cocktail by the patio fireplace). Enjoy the soothing sound of water falls, and strong and vibrant flow of positive energy throughout this home. Lots of windows - all impact glass - that invite the natural sunlight into the home, creating a very bright and spacious floor plan. When stepping through the massive front door, you will get captivated by the soaring ceilings, floor-to-ceiling window walls, accented by a glass staircase leading you up to the 2nd level. Over sized white marble flooring through out with high end African wood floors in all 4 bedrooms. The huge Master bedroom suite is facing the calm water and has a large seating area complete with midnight/morning kitchen, Viking fridge & dishwasher and sink with a a built in Miele coffee machine. His and Her walk-in closet with custom designed fitted built-ins. Open up the sliding glass doors and enter the expanded Master patio, feel the ocean breeze while sipping on a fresh cup of morning coffee while watching sunrise. Come home; relax and unwind in the Master Jacuzzi tub or steam shower after a hard day at work. Life is good!!!
Feel like a master chef in your own gourmet kitchen, with all high end Viking- & Miele- appliances, dual sinks, gas stove top, two ovens, two dishwashers (2 mo new), wine cooler, large walk-in pantry with shelves and drawers. White silk quartz counter tops with modern wood cabinetry. Open kitchen overlooking the water, pool/patio area, living room, and family room with a separate formal dining room. Control the surround sound, TV, computers, alarm, lights and the window shades with the new SMART home system. A fully equipped out-door summer kitchen next to the pool area. with a BB gas grill, dishwasher, sink and fridge/freezer. Have fun in the sun or under the stars and enjoy a great meal around the pool, or cocktails around the outdoor gas fire pit. The pool area is great for adults, kids and/or pets, with a shallow wading or sunbathing pool built into the design. The over sized family room has a full bar with stained glass counter tops, sink, fridge/freezer, dishwasher, built in Miele coffee maker, built in shelves. Come and play at the billiard table, throw some darts, play some foosball or watch a sporting event. All sliding glass doors in family room can be completely opened up to the outside space with gas grill and canopy seating area. Third floor has a gym, and open patio-sun deck with another outdoor kitchen and bar area. Home comes with a full generator, over sized Maytag washer & dryer, a 24,000 lbs boat lift - owner is leaving the Crownline boat for new buyer to enjoy, 3 A/C zones. No HOA. Home Custom Built by Mahoney Homes Inc. Designed by Rick Brautigan Architecture. Close to beach, down town-Atlantic Ave , shopping, restaurants, great schools. Delray Beach keeps getting the votes for the "Most Fun Small Town in the United States" by the Rand McNally's Best of the Road Contest. This home is a dream come true! Call for a private tour today! Also available for Seasonal Rent (minimum 4 months or annually) - fully furnished.
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| Oct 22, 2018 | No longer available | - | |
| No longer available | |||
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About Tropic Isle North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017