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3218 Palm Drive, Delray Beach, FL, 33483 | $1,000,000
GREAT RENTAL INCOME POTENTIAL! This fully-furnished 3-bedroom, 3-bath home with a private pool and hot tub was configured as a pet -friendly vacation rental with strong short-term rental history The new owner can reside in the main house, and rent the other two units with separate entrances for rental income, or use them as guest suites, live-in help, or home offices.
The roof was replaced in 2021 with new solar panels to reduce the cost of electricity. With only one entrance, the neighborhood enjoys minimal traffic, a private feel, and a strong sense of community, while remaining just 2. 5 miles Delray Beach's award-winning dining, beaches, shopping, and nightlife along Atlantic Ave. Easy access to Boca Raton, Palm Beach, Brightline high-speed train stations and FLL and PBi airports. Tradewinds Estates is one of East Delray Beach's most sought-after Intracoastal neighborhoods, where quiet coastal living meets exceptional long-term upside. 3218 Palm Drive offers a rare hybrid opportunity: enjoy the home now, generate rental income immediately, or plan a future luxury dream home.
This single-story home has strong short-term rental history located in unincorporated Palm Beach County that offers advantages rarely found this close to the water. No mandatory HOA fees or rules, No rental restrictions (Airbnb/short-term friendly), Builder-friendly county codes (not subject to city restrictions), County-only property taxes and public water & sewer.
Whether you are a homeowner seeking coastal living, an investor looking for immediate rental income, or a buyer planning to build a future luxury estate in a proven appreciation corridor, 3218 Palm Drive delivers flexibility, lifestyle, and upside in one of the fastest-evolving neighborhoods in East Delray Beach.
Features
- Amenities: Jogging Path
- Rooms: 9
- Bedrooms: 3
- Baths: 3 full
- Lot Size: 60 Ft. x 120 Ft.
- Laundry: Inside
- Style: Ranch, Other
- Development: TradeWinds Estates
- Year Built: 1948
- Heating: Electric
- Cooling: Ceiling Fan(s), Wall/Window Unit(s)
- Approx Sq. Feet: 2,012
- Acreage: 0.17
- Lot Size: 60 Ft. x 120 Ft.
- Est. Taxes: $9,362
- View: Pool
- Elem. School: Plumosa School of the Arts K-8
- High School: Atlantic
- Pool: Heated, In Ground, Equipment Included
- Pet Policy: Yes, No Restrictions
- Appliances: Dryer, Dishwasher, Electric Range, Refrigerator, Washer
- MLS#: RX-11165444
- Website: https://www.raveis.com
/eprop/RX-11165444/3218palmdrive_delraybeach_fl?source=qrflyer
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.Listing courtesy of EXP REALTY LLC
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Joseph HartleyInsurance Sales Director, William Raveis Insurance
954.729.6530
Joseph.Hartley@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
3218 Palm Drive, Delray Beach, FL, 33483
$1,000,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $800,000 | $800,000 | $800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.046% | 5.846% | 5.700% |
| Monthly Tax Payment | $780 | $780 | $780 |
| H/O Insurance Payment | TBD | TBD | TBD |
| Initial Principal & Interest Pmt | $4,418 | $4,669 | $6,537 |
| Total Monthly Payment | $5,290 | $5,449 | $7,317 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388