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Welcome to an exceptional coastal offering in the heart of Delray Beach, where resort style living meets prime downtown convenience. This lucrative short-term rental presents a proven income producing opportunity with flexibility for personal use or long-term appreciation. Situated on an expansive 0. 26 acre lot, this beautifully maintained three bedroom residence presents a rare opportunity to enjoy a private retreat while being just moments from the energy of Atlantic Avenue.
The outdoor space is a true highlight, designed to evoke the feel of a private resort. The lush, tropical backyard features a sparkling swimming pool, relaxing hot tub, and private sauna, creating an ideal environment for both entertaining and unwinding. A thatched tiki hut with a built in BBQ and generous seating area serves as the perfect backdrop for gatherings, while mature landscaping ensures privacy and tranquility.
Inside, the home offers a bright and functional layout tailored to modern living. The kitchen is well-appointed for both everyday use and entertaining, and a dedicated workspace accommodates today's work from home lifestyle. Additional conveniences include a washer and dryer, EV charging capability, and ample onsite parking, ideal for guests or rental use.
Located just minutes from Delray Beach's renowned Atlantic Avenue, residents enjoy easy access to award-winning dining, boutique shopping, nightlife, and cultural attractions. With Delray Beach recently recognized as the Best Beach in Florida by USA Today, pristine coastline, nearby parks, and premier golf courses are all within close reach.
Adding to the property's long-term value, the oversized lot allows for future expansion. City-approved plans permit the addition of a guest cottage or in-law suite, and architectural renderings for a 520-square-foot accessory dwelling unit (ADU) are available upon request.
Whether envisioned as a primary residence, a vacation getaway, or a high-performing investment, this turnkey property offers unmatched versatility in one of South Florida's most desirable coastal communities. The owner is open to exploring creative financing options, making this a truly unique opportunity in downtown Delray Beach.
DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX. DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX.
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $799,999 | $799,999 | $799,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.289% | 6.235% | 6.183% |
| Monthly Tax Payment | $1,232 | $1,232 | $1,232 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,732 | $4,861 | $6,751 |
| Total Monthly Payment | $6,056 | $6,185 | $8,075 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.