NOT LISTED FOR SALE
-- Bed
4 Baths
1,952 Sq Ft
7,051 Sq Ft Lot

Sale Details

Date Sold: August 15, 2023

Last sale price $1,600,000 $820 Per Sq Ft

Highlights

  • Private Pool
  • Pool View
  • Patio
  • Outdoor Living Area
  • No HOA
  • Shed

About This Home

As of August 2023

Introducing the Red Palm Villas, a fully operational quadplex offering exceptional income opportunities in the heart of Delray Beach. This turnkey property boasts four income-generating units, including three studios and a spacious two-bedroom, one-bathroom unit. Each unit features its own private patio space. The centerpiece of the Red Palm Villas is the Asian-inspired saltwater pool, offering a tranquil oasis for relaxation and rejuvenation. With a solid client base from VRBO and direct business bookings already in place, this property guarantees immediate income. And the potential for growth is tremendous. The Red Palm Villas are sold fully furnished and turnkey ensuring a smooth transition and eliminating any additional expenses. This is an incredible opportunity to step into a succ essful business and start generating returns right away. Whether you're an experienced investor or looking to venture into the rental market, the Red Palm Villas offers a compelling opportunity to capitalize on Delray Beach's thriving hospitality industry. Don't miss out on the chance to own a profitable quadplex with a stunning saltwater pool, close to downtown and brimming with income potential. Seize this opportunity and start reaping the rewards of the Red Palm Villas today.

Last Agent to Sell the Property

Jerilyn Walter

Premier Estate Properties, Inc License #694661 Listed on: 07/14/2023

Premier Estate Properties, Inc

Co-Listed By

Nicholas Joyce

Premier Estate Properties, Inc License #3535736

Last Buyer's Agent

Jane Bass

United Realty Group Inc. License #3277803

United Realty Group Inc.
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,439

Year Built

  • Built in 1956

Lot Details

  • 7,051 Sq Ft Lot
  • Fenced
  • Sprinkler System

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 4 Bathrooms
  • 1,952 Sq Ft Home
  • 1-Story Property
  • Pool Views

Flooring

  • Tile
  • Terrazzo

Outdoor Features

  • Private Pool
  • Patio
  • Outdoor Living Area
  • Shed

Schools

  • Plumosa School Of The Arts K-8 Elementary School
  • Atlantic High School

Utilities

  • Cooling Available
  • Central Heating
  • Three-Phase Power
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 4 Units
  • Highland Park Delray Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12434616051130021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,439

Year Built

Built in 1956

Lot Details

7,051 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Year Built: 1956
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex
  • DelayedMarketingYN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Terrazzo, Tile
  • Living Area: 1952.0

Exterior Features

  • Exterior Features: Outdoor Living Area
  • View: Other, Pool
  • Fencing: Fenced
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Concrete
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Utilities: Cable Available
  • Water Source: Multiple Meters

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Plumosa School of the Arts K-8
  • High School: Atlantic

Lot Info

  • Parcel #: 12434616051130021
  • Lot Size Acres: 0.16
  • Mobile Dim Units: Feet
  • Zoning: RM(cit

Rental Info

  • Tenant Pays: None

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 16438.8

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Downtown Delray Beach, FL

See All Agents

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/15/2023 08/15/23 Sold $1,600,000 -5.6% $820 / Sq Ft
07/14/2023 07/14/23 For Sale $1,695,000 -- $868 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10904351

BeachesMLS (Greater Fort Lauderdale)
Your Personal Tour Guide

Ask me questions while you tour the home.