967 Cypress Drive
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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.
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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 |
|---|---|---|---|
| Apr 2, 2025 | Sold | ||
| Sold | |||
| Feb 11, 2025 | In contract | - | |
| In contract | |||
| Jan 9, 2025 | Listed by Korman Realty LLC | $3,550,000 | |
| Listed by Korman Realty LLC | |||
| | |||
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Welcome to 967 Cypress Drive, a beautiful 6-bedroom, 3.5-bath single family home that blends coastal contemporary design with modern luxury. Located in the highly sought-after community of Tropic Isles in Delray Beach, the property sits at the end of a cul-de-sac, and features over 3,600 living sq/ft, on 90 feet of water frontage, with no fixed bridges, offering immediate access to the Intracoastal Waterway. The desirable open concept creates a seamless flow between the indoor and outdoor living areas. The meticulously designed living room features vaulted ship-lapped ceilings, that brings warmth and texture to the space. Outfitted with high impact windows and doors throughout the home flaunts ample amounts of natural light providing serene views of the lush landscaping and waterways.
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| Apr 27, 2022 | Sold | ||
| Sold | |||
| Jan 28, 2022 | Listed by Logan Realty Inc | $2,945,000 | |
| Listed by Logan Realty Inc | |||
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About Tropic Isle North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017