Cays Realty
976 Banyan Drive, Delray Beach, FL 33483 — MLS photo

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976 Banyan Drive, Delray Beach, FL 33483

Active · SingleFamilyResidence

$10,900,000

976 Banyan Drive, Delray Beach, FL 33483

Beds
3
Baths
3
Living area
2,922 sq ft
$ / sq ft
$3,730/sq ft
Year built
1972
Lot size
—
HOA fee
—
Annual tax
$11,327

About this property

Exceptional opportunity to own one of the largest direct Intracoastal frontage lots in Southern Palm Beach County. This premier waterfront property is ideally suited for an end user or builder who recognizes the extraordinary value and potential of constructing a luxury estate in this highly desirable location. Based on recent comparable sales, a newly built residence on this lot could command values exceeding $22 million. Serious inquiries only — owner seeks a knowledgeable buyer who understands the rarity and long-term value of this exceptional property. Features include a solid poured-concrete seawall and dock, complemented by mature tropical landscaping and breathtaking wide-water views.

Property location

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976 Banyan Drive, Delray Beach, FL 33483

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
2,922 sq ft
Flooring
Slate, Terrazzo
Appliances
Some Gas Appliances, Built In Oven, Dryer, Dishwasher, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Solar Hot Water, Self Cleaning Oven, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Wet Bar, Bedroom On Main Level, Dining Area, Separate Formal Dining Room, Entrance Foyer, Kitchen Island, Main Level Primary, Main Living Area Entry Level, Shower Only, Bar, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1972
Stories
1
Architectural style
One Story
Roof
Tar Gravel
Construction
CBSConcrete Block Structure, Block
Exterior features
Fence, Patio
Pool
Pool, Private
Waterfront
Intracoastal Access, Ocean Access, Seawall
View
Intercoastal

Parking

Garage spaces
2
Covered spaces
2
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
$11,327
Subdivision
TROPIC ISLE 2 ND SEC
County
Palm Beach
Days on market
159
MLS listing ID
B26028044
Listing status
Active

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Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$27,262

Cap rate
2.7%
Net yield
2.7%
Cash-on-cash return
-10.7%
Gross yield
3.9%
Mortgage payment
$51,672/mo
Down payment
$2,725,000
Loan amount
$8,175,000
Annual NOI
$292,911

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