Off MarketGood Deal1 days on market
2175 S Ocean Boulevard #203
2175 S Ocean Boulevard #203, Delray Beach, FL 33483, Delray Beach, FL 33483
$929,900
Estimate®:$825,300
Listing Price
2175 S Ocean Boulevard #203, Delray Beach, FL 33483
Loc: Delray Beach, FL
Days Listed
1
Tax Assessed
$675k
Estimate®
$825k
Market Rate
Rent Estimate
$8,687/mo
Est. Cash Flow base
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
1.3 mi away
8
Boca Raton Community Middle School
6-8
6 mi away
6
Boca Raton Community High School
9-12
5.7 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
beach accesscoastaltropical landscapesandy pathnatural vegetationsea grapessecludedocean viewoutdoor lifestylevacation propertywaterfront accessdune path
Haven AI Verdict
Recommendation
Good
Confidence Score: 7/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
7.32%
Total ROI
118.0%
Cash Flow
$848/mo
DSCR
1.18
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $848/mo net cash flow with a 7.3% cap rate. Underwriting indicates good fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (7.3%)
- • 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 |
|---|---|---|---|
| 2023-08-24 | Sold | $795,000 | $516 |
| 2023-07-25 | Contingent | $839,000 | $545 |
| 2023-05-31 | Price change | $839,000 | $545 |
| 2023-04-28 | Listed for sale | $975,000 | $633 |
| 2017-01-17 | Sold | $425,000 | $276 |
| 2016-08-08 | Listed for sale | $449,500 | $292 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $11,857 | $675,000 |
| 2024 | $12,427 | $675,000 |
| 2023 | $5,869 | $344,240 |
| 2022 | $5,839 | $334,214 |
| 2021 | $5,847 | $324,480 |
| 2020 | $5,807.54 | $320,000 |
| 2019 | $5,874.53 | $320,000 |
| 2018 | $5,874.53 | $350,000 |
| 2017 | $6,345.96 | $350,000 |
| 2016 | $6,450.02 | $260,000 |
| 2015 | $5,636.95 | $290,000 |
| 2014 | $6,335.75 | $278,300 |
| 2013 | $5,991.63 | $253,000 |
| 2012 | $5,406.49 | $230,000 |
| 2011 | $5,097.81 | $212,500 |
| 2010 | $5,289.83 | $219,375 |
| 2009 | $5,676.18 | $243,750 |
| 2008 | $6,753.03 | $325,000 |
| 2007 | $5,347.41 | $261,350 |
| 2006 | $6,152.4 | $275,000 |
| 2005 | $0 | $237,000 |
| 2004 | $3,449.94 | $232,000 |
| 2003 | $87.02 | $162,000 |
| 2002 | $3,238.54 | $130,900 |
| 2001 | $3,274.99 | $130,900 |
| 2000 | $2,996.33 | $120,800 |
| 1999 | $2,865.89 | $120,800 |
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