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PET FRIENDLY unfurnished 2-BDR, 2-Full Bath home with large private fenced yard FOR RENT and For Sale. Located in the highly sought after TradeWinds Estates neighborhood across the street from the multi-million-dollar properties on the direct Intracoastal in the East Delray Beach/Gulf Stream Florida. One level living, addition was built in 2007 with renovated kitchen & family room. Off-street gated parking with room for RV or Boat Parking behind the private gate. Move in ready, Instant Approvals (NO HOA) for annual or short-term rentals (Discounts available for longer stays). Instant Approvals (NO HOA). Located within 3 Atlantic Avenue's award-winning dining and entertainment, top beaches, between West Palm Beach & Fort Lauderdale. Some photos were virtually staged. Welcome to one of the best redevelopment opportunities in East Delray Beach. Tradewinds Estates is one of East Delray Beach's most sought-after Intracoastal neighborhoods, where quiet coastal living meets exceptional long-term upside. 3216 Karen 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. This property is move-in ready with tile and wood flooring, recent addition built in 2007 added a new kitchen, family room and Florida room along the large fenced backyard with room for a pool, making it ideal as a full-time residence or instant income generator through Airbnb, seasonal rentals, or short-term stays. Located in Unincorporated Palm Beach County, owners benefit from more flexible building codes, county-only taxes, and public water/sewer perfect conditions for future redevelopment. The best long-term use is to build a luxury home that follows the proven success of nearby new builds that have sold. Tradewinds is undergoing a major transformation, with multiple multimillion-dollar homes recently completed or under construction. Plan your new luxury home just minutes to the Intracoastal, Atlantic Ave, and Delray's beaches. This high-demand location is undergoing rapid luxury transformation just minutes to Atlantic Avenue's award-winning dining and entertainment, top beaches, and the best of Delray Beach located is between West Palm Beach & Fort Lauderdale. 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, 3216 Karen Drive delivers flexibility, lifestyle, and upside in one of the fastest-evolving coastal neighborhoods in Palm Beach County Florida. Some photos were virtually staged.
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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 | $6,000 | $6,000 | $6,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.375% | 6.638% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $37 | $38 | $50 |
| Total Monthly Payment | $112 | $113 | $125 |
* 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.