3216 Karen Drive, Delray Beach, FL 33483 — MLS photo

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3216 Karen Drive, Delray Beach, FL 33483

Active · SingleFamilyResidence

$1,898,900

3216 Karen Drive, Delray Beach, FL 33483

Beds
2
Baths
2
Living area
1,888 sq ft
$ / sq ft
$1,006/sq ft
Year built
1954
Lot size
9,838 sq ft
HOA fee
—
Annual tax
$11,446

About this property

PET FRIENDLY private gated home with large private fenced yard with room for pool. Located in the highly sought after TradeWinds neighborhood across the street from the multi-million-dollar properties on the direct Intracoastal in the East Delray Beach/Gulf Stream Florida. One level living, addition was built in 2007 with renovated kitchen & family room. Move-in ready, instant Approvals (NO HOA). Off-street parking with room for RV or Boat Parking behind the private gate. Great for buyers seeking a comfortable home or instant vacation rental/Airbnb income - BUILDERS and INVESTORS WELCOME! Located in Unincorporated Palm Beach County, offering builder-friendly codes, county-only taxes, no HOA, and public water/sewer for seamless redevelopment. Some photos were virtually staged. Welcome to one of the best redevelopment opportunities in East Delray Beach.Tradewinds Estates is one of East Delray Beach's most sought-after Intracoastal neighborhoods, where quiet coastal living meets exceptional long-term upside. 3216 Karen 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. This property is move-in ready with tile and wood flooring, recent addition built in 2007 added a new kitchen, family room and Florida room along the large fenced backyard with room for a pool, making it ideal as a full-time residence or instant income generator through Airbnb, seasonal rentals, or short-term stays. Located in Unincorporated Palm Beach County, owners benefit from more flexible building codes, county-only taxes, and public water/sewer perfect conditions for future redevelopment. The best long-term use is to build a luxury home that follows the proven success of nearby new builds that have sold. Tradewinds is undergoing a major transformation, with multiple multimillion-dollar homes recently completed or under construction. Plan your new luxury home just minutes to the Intracoastal, Atlantic Ave, and Delray's beaches. This high-demand location is undergoing rapid luxury transformation just minutes to Atlantic Avenue's award-winning dining and entertainment, top beaches, and the best of Delray Beach located is between West Palm Beach & Fort Lauderdale. 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, 3216 Karen Drive delivers flexibility, lifestyle, and upside in one of the fastest-evolving coastal neighborhoods in Palm Beach County Florida. Some photos were virtually staged.

Property location

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3216 Karen Drive, Delray Beach, FL 33483

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,888 sq ft
Flooring
Ceramic Tile, Hardwood, Other, Tile, Wood
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer
Cooling
Central Air, Ceiling Fans
Heating
Central, Electric
Interior features
Bedroom On Main Level, Dining Area, Entrance Foyer, Family Dining Room, Living Dining Room, Main Level Primary, Main Living Area Entry Level, Split Bedrooms, Shower Only, Walk In Closets, Pantry, Skylights
Furnished
Unfurnished

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1954
Stories
1
Lot size
9,838 sq ft
Architectural style
Other, Ranch, One Story
Roof
Barrel, Concrete, Other, Tile
Construction
CBSConcrete Block Structure, Block, Other, Stucco
Exterior features
Barbecue, Fence, Other, Patio, Room For Pool, Shutters Electric, Awnings, Storm Security Shutters
Pool
None

Parking

Garage spaces
1
Covered spaces
1
Parking features
Driveway, Detached, Garage, Guest, Open, One Space, On Street, Two Or More Spaces, Garage Door Opener

HOA, Community & Financials

Security
Fenced, Other, Smoke Detectors
Pets allowed
No
Annual tax
$11,446
Subdivision
TRADE WINDS ESTATES FIRST
County
Palm Beach
Days on market
151
MLS listing ID
B26029411
Listing status
Active

Investment intelligence

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

-$3,305

Cap rate
3.6%
Net yield
3.6%
Cash-on-cash return
-7.5%
Gross yield
5.4%
Mortgage payment
$9,002/mo
Down payment
$474,725
Loan amount
$1,424,175
Annual NOI
$68,358

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