Cays Realty
950 Cypress Drive, Delray Beach, FL 33483 — MLS photo

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950 Cypress Drive, Delray Beach, FL 33483

Active · SingleFamilyResidence

$7,495,000

950 Cypress Drive, Delray Beach, FL 33483

Beds
5
Baths
9
Living area
5,988 sq ft
$ / sq ft
$1,252/sq ft
Year built
2026
Lot size
—
HOA fee
—
Annual tax
$31,918

About this property

Experience elevated living at 950 Cypress, a stunning modern residence offering 7,670 total square feet of thoughtfully designed space. The home features 5 spacious bedrooms, 7 full bathrooms, and 2 half baths, blending comfort with sophistication. A bright, open layout includes a versatile loft and a private study with a full bath and closet—ideal for a guest suite or office. The gourmet kitchen with a walk-in pantry, dedicated laundry, and an additional washer/dryer in the primary suite adds convenience. Outdoors, enjoy a private pool with an integrated spa, along with a brand-new seawall and dock. Additional highlights include a private elevator, durable concrete floor system, and a 3-car garage. Estimated completion is slated for March 2027.

Property location

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950 Cypress Drive, Delray Beach, FL 33483

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Facts & features

Interior

Bedrooms
5
Bathrooms
9
Living area
5,988 sq ft
Flooring
Tile
Appliances
Some Gas Appliances, Built In Oven, Dryer, Dishwasher, Electric Water Heater, Disposal, Gas Range, Microwave, Refrigerator, Water Softener Owned, Self Cleaning Oven, Water Softener, Washer
Cooling
Central Air, Ceiling Fans
Heating
Central
Interior features
Built In Features, Dual Sinks, Eat In Kitchen, First Floor Entry, Main Living Area Entry Level, Split Bedrooms, Separate Shower, Vaulted Ceilings, Bar, Walk In Closets, Pantry
Furnished
Unfurnished

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2026
Stories
2
Architectural style
Contemporary Modern, Two Story
Roof
Concrete
Construction
Block
Exterior features
Balcony, Fence, Lighting, Outdoor Shower, Other, Patio
Pool
Automatic Chlorination, Heated, Other, Pool, Private, Pool Spa Combo
Spa
Heated, In Ground, Hot Tub
Waterfront
Canal Access, Canal Front, Intersecting Canal, Ocean Access, Other, Seawall
View
Canal, Other, Pool, Water

Parking

Garage spaces
3
Covered spaces
3
Parking features
Attached, Circular Driveway, Driveway, Garage, Two Or More Spaces, Garage Door Opener

HOA, Community & Financials

Amenities
Boat Dock, Pool
Security
Smoke Detectors
Pets allowed
No
Annual tax
$31,918
Subdivision
TROPIC ISLE 2 ND SEC
County
Palm Beach
Days on market
147
MLS listing ID
B26018059
Listing status
Active

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Estimated monthly cash flow

-$14,311

Cap rate
3.4%
Net yield
3.4%
Cash-on-cash return
-8.2%
Gross yield
5.0%
Mortgage payment
$35,530/mo
Down payment
$1,873,750
Loan amount
$5,621,250
Annual NOI
$254,629

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.