For SaleRisky Deal0 days on market
2000 S Ocean Boulevard #505
2000 S Ocean Boulevard #505, Delray Beach, FL 33483, Delray Beach, FL 33483
$1,495,000
Listing Price
2000 S Ocean Boulevard #505, Delray Beach, FL 33483
Loc: Delray Beach, FL
Days Listed
0
Tax Assessed
$856k
Type
condo
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
6
Pine Grove Elementary School
PK-5
1.1 mi away
8
Boca Raton Community Middle School
6-8
6.1 mi away
6
Boca Raton Community High School
9-12
5.8 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
beachfrontwaterfrontcoastaltropicalstuccomulti-familycondominiumresort-styleswimming poolspalm treesbalconiesocean viewgated communitylandscaped
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.16%
Total ROI
92.8%
Cash Flow
$-81/mo
DSCR
0.99
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-81/mo net cash flow with a 6.2% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.2%)
- • Strong rental demand in Delray Beach
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-24 | Listed for sale | $1,495,000 | $699 |
| 2012-04-11 | Sold | $328,000 | $153 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $15,694 | $778,230 |
| 2024 | $14,685 | $707,482 |
| 2023 | $14,060 | $643,165 |
| 2022 | $12,603 | $584,695 |
| 2021 | $10,847 | $531,541 |
| 2020 | $12,504.25 | $533,105 |
| 2019 | $12,006.27 | $484,641 |
| 2018 | $12,006.27 | $710,924 |
| 2017 | $10,776.05 | $450,924 |
| 2016 | $8,697.95 | $364,118 |
| 2015 | $8,332.89 | $331,016 |
| 2014 | $6,812.44 | $300,924 |
| 2013 | $6,263.03 | $274,924 |
| 2012 | $4,957.02 | $252,924 |
| 2011 | $5,054.54 | $252,924 |
| 2010 | $5,077.5 | $252,625 |
| 2009 | $4,766.36 | $245,983 |
| 2008 | $4,278.47 | $245,737 |
| 2007 | $4,380.22 | $238,580 |
| 2006 | $4,664.59 | $232,761 |
| 2005 | $0 | $225,982 |
| 2004 | $2,890.8 | $219,400 |
| 2003 | $78.38 | $215,309 |
| 2002 | $4,538.73 | $210,263 |
| 2001 | $4,508.91 | $206,952 |
| 2000 | $4,314.38 | $200,924 |
| 1999 | $4,119.63 | $200,000 |
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