8023 North Tranquility Lake Drive, Delray Beach, FL 33446-
FOR SALE $319,990
Additional Details
- Important Details: --> Vacant at close --> HOA is 324/MO (HOA that includes roof cleaning and exterior painting, internet, cable, security system monitoring, community pool, tennis courts, and a clubhouse with fitness center — all within a gated, all-ages community.) --> 2022 AC
- Features: Easy Flip in Sought-After Delray Beach! This 2/2 home offers a spacious 1,624 SQFT and will be delivered vacant at close. The property features a 2022 AC, impact windows and doors throughout, an attached one-car garage, and an enclosed patio, giving it great specs for a straightforward resale project. Ideally located just minutes from Delray Marketplace, the Florida Turnpike, vibrant Downtown Delray Beach, and the beautiful ocean beaches, this property offers an excellent combination of location, size, and desirable features with strong upside for a fully updated product.
- Potential ARV: $420,000-$440,000
- Rehab Description: To maximize resale value, this is a straightforward cosmetic rehab. Replace the flooring throughout to create a consistent look, reface the kitchen cabinets and paint them white, and spruce up the secondary bathroom since the primary bathroom is already updated. Replace dated fixtures, apply fresh interior paint, complete a thorough deep clean, and you're good to go. The barrel tile roof is from 2007 and in good condition, while the AC is from 2022 and in good working order, helping keep the major renovation costs down.
- Construction: CBS
- Ideal Investment Strategy: Resale
- Comp 1: 8039 N Tranquility Lake Dr DELRAY BEACH, FL 33446 2/2 1624 SQFT 1992 Build PENDING @ $435,000 (Same size/clean with some updates/similar condition as ours now)
- Comp 2: 15116 W Tranquility Lake Dr DELRAY BEACH, FL 33446 2/2 1175 SQFT 1993 Build PENDING @ $399,900 (500 SQFT Smaller/clean with some updates)
- Comp 3: 15216 S Tranquility Lake Dr DELRAY BEACH, FL 33446 2/2 1624 SQFT 1993 Build SOLD @ $437,400 8/17/26 (Same size/updated)
- Comp 4: 8053 Clear Shores Cir DELRAY BEACH, FL 33446 2/2 1624 SQFT 1994 Build SOLD @ $430,000 3/17/26 (Dated/similar condition as ours now)
- : 8034 Clear Shores Cir DELRAY BEACH, FL 33446 2/2 1624 SQFT 1994 Build SOLD @ $400,000 5/28/26 (Dated/similar condition as ours now)
- Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Hard Money
