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Welcome to Tropic Palms in East Delray—no HOA, prime location, and exceptional flexibility. Just minutes to Whole Foods, Atlantic Avenue, Delray Beach, and FAU, this updated home appeals to full-time residents, seasonal users, and investors seeking strong rental income potential, including seasonal and short-term opportunities. Featuring a 2023 roof and a recently installed new sewer line, major capital improvements are already complete—offering long-term value and peace of mind. Located in one of East Delray's most desirable and high-demand rental corridors, this is a compelling opportunity for both lifestyle and investment. This updated 3-bedroom, 2-bath home is light-filled and designed for seamless indoor-outdoor living. Interior features include porcelain tile and luxury vinyl plank flooring, impact glass throughout, and an updated kitchen with quartz countertops, soft-close cabinetry, and LG appliances. Additional upgrades include newer pool equipment, resurfaced pool, irrigation system, and security system—providing ease of ownership. The private backyard delivers a true South Florida lifestyle with a saltwater heated pool and spa, surrounded by lush tropical landscaping—ideal for entertaining or relaxing. A wide side yard with gated access offers ample space for boat or RV storage, a rare feature in this location. Offering flexibility for primary residence, second home, or income-producing property, this home is especially well-suited for FAU-related housing, seasonal rentals, or extended stays in a high-demand area. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, and change of price, rental, prior sale, leasing, or withdrawal without notice.
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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Our Executive Mortgage Banker:
Our Insurance Division:
$749,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $599,920 | $599,920 | $599,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.776% | 6.078% |
| Monthly Tax Payment | $884 | $884 | $884 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,694 | $3,841 | $5,022 |
| Total Monthly Payment | $4,670 | $4,817 | $5,998 |
* 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.