STATUS:

ACTIVE

514 Enfield Road, Delray Beach, FL 33444

PROPERTY 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.

This is your chance to own this exceptional property – an unparalleled opportunity for both homeowners and investors alike!

VIRTUAL TOUR

Walk through this incredible investment opportunity in Lake Ida, Delray Beach

LISTING PRICE

$1,989,000

MAIN HOUSE

3 BEDROOMS | 2 BATH | 1,563 SQ. FT

GUEST HOUSE

2 BEDROOMS | 1 BATH | 700 SQ. FT
BRAND NEW CONSTRUCTION – 2024

TOTAL SQFT

2,802

POOL

LOT SIZE

0.28

PROPERTY LOCATION

LIVING IN DELRAY BEACH

Delray Beach, Florida truly is a remarkable place to reside in. With its picturesque coastlines, balmy climate, and awe-inspiring vistas of the Atlantic, it’s hard not to be enamored. The area boasts a harmonious mix of suburban and urban lifestyles, offering ample room for families to thrive while still being in close proximity to businesses and institutions.