$1,989,000
For Sale

514 Enfield Road

Delray Beach, FL 33444
2263 sqft | 5 beds | 3 baths | #RX-11033592
Browse 61 photos
Type:Purchase
Structure:House
Zone:Residential

Description

Incredible Investment Opportunity in Lake Ida, East Delray Beach!
Unveil the potential of this stunning 3-bedroom, 2-bathroom single-family home, paired with a newly constructed 2-bedroom, 1-bathroom cottage, all situated in the highly desirable Lake Ida community of East Delray Beach! This beautifully updated main residence features refined finishes, vaulted ceilings, and impact-resistant windows and doors, ensuring both style and peace of mind. Enjoy a modern eat-in kitchen equipped with luxurious quartz countertops, stainless steel appliances, and custom cabinetry with soft-close features, perfect for culinary enthusiasts.
Step outside to discover your serene screen-enclosed pool, surrounded by sleek travertine decking and ample outdoor space, ideal for alfresco dining and relaxation under the sun. The brand-new cottage, designed with European-inspired cabinetry and meticulous attention to detail, offers a stylish retreat for guests or tenants, making it an attractive option for discerning buyers.
Currently operating as a successful short-term rental, the main home generates impressive annual gross income of up to $130,000, with additonal future bookings already secured. The cottage boasts projected income potential of $75,000 per year. Both properties come equipped with hurricane impact windows, a durable metal roof, and a brand-new irrigation system, ensuring peace of mind for any homeowner or investor.
The lush, tropical landscaping and charming brick-paved walkways enhance the property's curb appeal, making it a true private oasis. Whether you envision this as your full-time residence, a vacation getaway, or a lucrative investment opportunity, the possibilities are endless. Live in the main home while renting out the cottage, or operate both as separate rentals for maximum income potential.
Located just a short walk, bike ride, or golf cart journey from the vibrant Atlantic Avenue and Pineapple Grove, you'll have easy access to fine dining, boutique shopping, lively green markets, local festivals, and pristine beaches. This slice of paradise in the coveted Lake Ida community offers the perfect blend of relaxation and adventure.
This is your chance to own this exceptional propertyan unparalleled opportunity for both homeowners and investors alike!

  • Interior Details
      • InteriorWalk-in Closet, Stack Bedrooms, Pantry, Laundry Tub, Foyer
    • Heating & Cooling
      • CoolingCeiling Fan, Central, Electric
      • HeatingElectric, Central
    • Beds & Baths
      • Bedrooms5
      • Bathrooms3
      • Full Baths3
  • Property Details
      • Exterior FeaturesAuto Sprinkler, Fence, Screened Patio, Zoned Sprinkler
      • Exterior MaterialsAuto Sprinkler, Fence, Screened Patio, Zoned Sprinkler
      • Lot Features1/4 to 1/2 Acre, Paved Road
      • Lot Description1/4 to 1/2 Acre, Paved Road
      • Pool FeaturesPrivate Pool
      • ViewGarden, Pool
      • Pool1
    • Measurements
      • Square Feet2263
    • Parking
      • Parking TypeGarage
      • Parking Spaces2
      • Parking Garage1
  • Construction Details
      • StyleOther Arch
      • Property TypePurchase
    • Condition
      • Year Built1990
  • Utilities / Energy Details
      • Utility FeaturesElectricity Connected, Public Sewer, Public Water
  • Community and Neighborhood Details
      • SubdivisionLake Ida
    • Location
      • Middle SchoolCarver Community Middle School
      • Elementary SchoolPlumosa School of the Arts
      • High SchoolAtlantic High School
      • CountyPalm Beach
      • ZoningR-1-AA
  • Financial Details
      • Original List Price$1,989,000
      • Taxes Annual$17,853
  • Other
      • MLS #RX-11033592

Location

Mike MehdipourThe Mehdipour Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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