3218 Palm Dr Delray Beach, FL 33483
Chapel Hill NeighborhoodEstimated payment $5,926/month
Highlights
- Heated Pool
- Pool View
- No HOA
- Solar Power System
- Furnished
- Eat-In Kitchen
About This Home
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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,362
Year Built
- Built in 1948
Lot Details
- 7,205 Sq Ft Lot
- East Facing Home
- Paved or Partially Paved Lot
Parking
- 3 Open Parking Spaces
Home Design
- Shingle Roof
- Composition Roof
- Wood Siding
Interior Spaces
- 2,012 Sq Ft Home
- 1-Story Property
- Furnished
- Ceiling Fan
- Combination Dining and Living Room
- Pool Views
Kitchen
- Eat-In Kitchen
- Electric Range
- Dishwasher
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Split Bedroom Floorplan
- 3 Full Bathrooms
- Separate Shower in Primary Bathroom
Laundry
- Dryer
- Washer
Pool
- Heated Pool
- Pool Equipment or Cover
- Heated Spa
Schools
- Plumosa School Of The Arts K-8 Elementary School
- Atlantic High School
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
- Cable TV Available
Additional Features
- Solar Power System
- Patio
Listing and Financial Details
- Assessor Parcel Number 00434604180000031
Community Details
Overview
- No Home Owners Association
- Trade Winds Estates First Add Subdivision
Recreation
- Trails
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,575 | $550,018 | -- | -- |
| 2024 | $10,575 | $620,897 | -- | -- |
| 2023 | $10,156 | $564,452 | $426,753 | $215,625 |
| 2022 | $9,020 | $513,138 | $0 | $0 |
| 2021 | $5,142 | $280,479 | $121,731 | $158,748 |
| 2020 | $4,688 | $247,642 | $102,000 | $145,642 |
| 2019 | $4,616 | $246,460 | $97,750 | $148,710 |
| 2018 | $4,043 | $214,929 | $89,094 | $125,835 |
| 2017 | $4,059 | $213,663 | $89,094 | $124,569 |
| 2016 | $3,892 | $198,793 | $0 | $0 |
| 2015 | $4,110 | $204,021 | $0 | $0 |
| 2014 | $3,702 | $179,911 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/20/2026 02/20/26 | For Sale | $1,000,000 | +69.5% | $497 / Sq Ft | |
| 03/03/2021 03/03/21 | Sold | $590,000 | -9.2% | $288 / Sq Ft | View Prior Sale |
| 02/01/2021 02/01/21 | Pending | -- | -- | -- | |
| 01/10/2021 01/10/21 | For Sale | $650,000 | +135.1% | $317 / Sq Ft | |
| 03/26/2014 03/26/14 | Sold | $276,500 | -0.9% | $173 / Sq Ft | View Prior Sale |
| 02/24/2014 02/24/14 | Pending | -- | -- | -- | |
| 02/03/2014 02/03/14 | For Sale | $279,000 | -- | $175 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $489,000 | Accommodation | |
| Warranty Deed | $590,000 | Princeton T&E Llc | |
| Quit Claim Deed | $83,992 | None Available | |
| Warranty Deed | -- | Attorney | |
| Special Warranty Deed | $280,000 | Century Title Closing & Escr | |
| Trustee Deed | $236,900 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $493,000 | New Conventional | |
| Previous Owner | $240,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $170,000 | Unknown | |
| Previous Owner | $40,000 | Balloon |
About the Listing Agent
As a licensed real estate agent in multiple states including Florida and Massachusetts with a team of professional agents across the country. I'm available 7 days a week, so call or text my cell 617-354-7000. I specialize in residential homes & condos for sale with a passion for waterfront property. I'll be your guide when relocating to Florida to find a perfect waterfront home for your boat, to help you understand how to maximize the Homestead property tax benefits and savings, or retiring to
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MLS Number: R11165444
APN: 00-43-46-04-18-000-0031
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Ask me questions while you tour the home.