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514 Enfield Road, Delray Beach, FL – $1,989,000

  • 5 Beds
  • 3 Baths
  • 2,263 Sqft
  • .28 Acres
  • 5 Beds
  • 3 Baths
  • 2,263 Sqft
  • .28 Acres

514 Enfield Road

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 andrelaxation 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!

Essential Information

  • MLS® #RX-11033592
  • Price$1,989,000
  • Bedrooms5
  • Bathrooms3.00
  • Full Baths3
  • Square Footage2,263
  • Acres0.28
  • Year Built1990
  • TypeResidential
  • Sub-TypeSingle Family Homes
  • Style< 4 Floors, Other Arch
  • StatusActive

Community Information

  • Address514 Enfield Road
  • Area4460
  • SubdivisionLake Ida
  • CityDelray Beach
  • CountyPalm Beach
  • StateFL
  • Zip Code33444

Amenities

  • # of Garages2
  • ViewGarden, Pool
  • WaterfrontNone
  • Has PoolYes

Amenities

Bike - Jog, Fitness Trail, Park, Picnic Area, Playground, Street Lights, Dog Park

Utilities

3-Phase Electric, Public Sewer, Public Water

Parking

2+ Spaces, Driveway, Garage - Attached, Street

Pool

Heated, Inground, Salt Water, Screened

Interior

  • HeatingCentral, Electric
  • CoolingCeiling Fan, Central, Electric
  • # of Stories1
  • Stories1.00

Interior Features

Foyer, Pantry, Stack Bedrooms, Walk-in Closet, Laundry Tub

Appliances

Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range - Electric, Refrigerator, Smoke Detector, Washer, Water Heater - Elec, Washer/Dryer Hookup

Exterior

  • Lot Description1/4 to 1/2 Acre, Paved Road
  • RoofMetal
  • ConstructionCBS

Exterior Features

Auto Sprinkler, Fence, Screened Patio, Zoned Sprinkler

Windows

Drapes, Hurricane Windows, Impact Glass, Verticals, Double Hung Metal

School Information

  • ElementaryPlumosa School of the Arts
  • MiddleCarver Community Middle School
  • HighAtlantic High School

Additional Information

  • Listing Courtesy ofLang Realty/Delray Beach
  • Date ListedNovember 2nd, 2024
  • ZoningR-1-AA
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