14721 Bonaire Blvd #308 · Delray Beach, FL 33446

$99,900

2 bd · 2.0 ba · 920 sqft · Condo public records · 75 Days on market

Built 1979 $789/mo HOA · 38% of rent

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.5/30.0
• 1% rule +10.0/10.0
• DSCR +8.5/10.0
• ARV discount +7.5/15.0
• Appreciation +5.3/10.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0

Listing remarks

Top floor lakefront living in Villages of Oriole that truly stands out. Located in an elevator building, this move in ready condo offers a light, airy feel with white cabinetry, stainless steel appliances, laminate flooring, and a clean modern finish throughout. 2019 A/C and water heater. Enjoy a spacious layout with great storage, walk in showers in both bathrooms, and an enclosed Florida room overlooking expansive, tranquil lake views that bring in natural light and create a peaceful, inviting space. Resort style 55+ living with pool, fitness center, tennis, pickleball, bocce, and an active clubhouse, all just minutes to shopping, dining, and Delray’s beaches. Beautiful lake views.

Key facts

• Lakefront living
• Tranquil lake views
• Walk in showers

Tags

• LAKEFRONT LIVING
• ELEVATOR BUILDING
• SPACIOUS LAYOUT
• WALK IN SHOWERS
• ENCLOSED FLORIDA ROOM
• TRANQUIL LAKE VIEWS

Property features AI

Finance

• Other: Association pool
• Financial info: Pets not allowed
• HOA & community: Monthly association fee; Association covers amenities, common areas, grounds and structure maintenance, parking, pool(s), and recreation facilities; Community amenities include billiard room, clubhouse, elevators, fitness center, barbecue, picnic area, pickleball, pool, and shuffleboard court; Property is in a senior community

Exterior

• Parking: Assigned parking; Guest parking
• Utilities: Cable available
• Home design: Condominium/unit in a multi-story building; Entry located on the 3rd level; Building has 3 stories total; Main entrance level listed as 3
• Construction: Block construction; Resale property
• Exterior features: Glass-enclosed patio/porch; Patio; Porch; Exterior lighting; Lakefront; Waterfront; Has a view

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator; Disposal; Electric water heater
• Bedrooms: Porch listed as a room type
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Blinds; Breakfast area; Closet cabinetry; Living/dining room; Main living area on entry level; Third-floor entry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $100k.

Deal economics

• At list price, monthly cash flow is $233 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $94k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 4.3% in Delray Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 77/100 on livability (#202 in FL, #3,160 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, commute A-; Watch: cost of living C-, crime D-, amenities F.
• Palm Beach (suburban): math 46% / reading 53% proficiency, ranked #34 of 73 in FL (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 577 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
• This rent runs 31% of the median local income ($80k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $1k of equity ($691 loan paydown + $686 appreciation (0.7% local appreciation)).
• Palm Beach County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (0.7% appreciation + 0.5% rent growth), your $28k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 75 days — a 6% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 24y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: HOA is 38% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 2→6/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $93,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 75 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
10. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
11. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
12. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
13. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
14. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.11% ✓
• Cap rate: 9.10%
• Cash-on-cash: 10.01%
• DSCR: 1.45
• GRM: 4.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.69% appreciation · 0.51% rent growth · sell at horizon

5-year hold

• IRR: 7.8%
• Equity multiple: 1.38×
• Total profit: $10,556
• Equity at exit: $32,486

10-year hold

• IRR: 9.3%
• Equity multiple: 1.97×
• Total profit: $27,141
• Equity at exit: $41,946

Cash invested: $27,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33446

• Home prices YoY: 0.3%
• Rents YoY: 0.5%
• Active inventory: 577
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $2,104 high
• Mortgage (P&I): −$524
• Tax from tax record: −$74 /mo · $890/yr
• Insurance: −$42
• HOA: −$789
• Vacancy / Maint / Mgmt: −$442
• Net cashflow: $233

Break-even live

Break-even rent $1,809

Max offer price $99,900

Occupancy floor 84%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
32 Abbey Ln #207 Delray Beach, FL	2.0	2.0	925	$2,500	$2.70	24d	1	0.06mi
14671 Bonaire Blvd #505 Delray Beach, FL	1.0	2.0	925	$1,600	$1.73	24d	1	0.08mi
31 Abbey Ln #207 Delray Beach, FL	2.0	2.0	925	$1,300	$1.41	24d	1	0.09mi
14735 Wildflower Ln Delray Beach, FL	2.0	2.0	1073	$2,350	$2.19	1d	1	0.15mi
3 Abbey Ln #102 Delray Beach, FL	2.0	2.0	925	$2,500	$2.70	24d	1	0.16mi
23 Abbey Ln #208 Delray Beach, FL	2.0	2.0	925	$1,500	$1.62	2d	1	0.16mi
21 Abbey Ln #107 Delray Beach, FL	2.0	2.0	925	$1,800	$1.95	14d	1	0.17mi
19 Abbey Ln #206 Delray Beach, FL	2.0	2.0	925	$1,750	$1.89	24d	1	0.18mi
20 Abbey Ln #102 Delray Beach, FL	2.0	2.0	925	$2,600	$2.81	24d	1	0.20mi
14832 Wildflower Ln Delray Beach, FL	2.0	2.0	1073	$2,500	$2.33	17d	1	0.21mi
10 Willowbrook Ln #105 Delray Beach, FL	2.0	2.0	1005	$2,100	$2.09	10d	1	0.28mi
14 Willowbrook Ln #101 Delray Beach, FL	2.0	2.0	1005	$1,700	$1.69	5d	1	0.29mi
189 Seville Ter Unit 189 Delray Beach, FL	2.0	2.0	880	$1,900	$2.16	24d	1	0.36mi
14747 Cumberland Dr #301 Delray Beach, FL	2.0	2.0	1044	$1,900	$1.82	24d	1	0.38mi
28 Seville B Delray Beach, FL	2.0	2.0	883	$1,950	$2.21	10d	1	0.39mi
14723 Cumberland Dr Unit 404 B Delray Beach, FL	1.0	2.0	912	$1,850	$2.03	24d	1	0.41mi
6795 Huntington Ln #406 Delray Beach, FL	2.0	2.0	990	$2,500	$2.53	20d	1	0.43mi
7192 Huntington Ln #307 Delray Beach, FL	2.0	2.0	1070	$3,500	$3.27	18d	1	0.44mi
14307 Bedford Dr #302 Delray Beach, FL	2.0	2.0	990	$2,200	$2.22	24d	1	0.48mi
14896 Bal Moral Ln Delray Beach, FL	2.0	2.0	1040	$2,200	$2.12	24d	1	0.52mi
7286 Huntington Ln #105 Delray Beach, FL	2.0	2.0	1070	$3,350	$3.13	24d	1	0.52mi
92 Seville Blvd Delray Beach, FL	2.0	2.0	880	$1,895	$2.15	24d	1	0.56mi
14898 Wedgefield Dr #202 Delray Beach, FL	2.0	2.0	1103	$2,000	$1.81	17d	1	0.58mi
14895 Builtmore Way Delray Beach, FL	2.0	2.0	1103	$1,800	$1.63	24d	1	0.58mi
43 Waterford B Delray Beach, FL	1.0	1.5	720	$1,400	$1.94	24d	1	0.59mi
126 Seville E Delray Beach, FL	1.0	1.5	720	$1,450	$2.01	18d	1	0.59mi
213 Waterford I Delray Beach, FL	2.0	2.0	880	$1,600	$1.82	24d	1	0.61mi
154 Seville G Delray Beach, FL	1.0	1.0	720	$1,490	$2.07	14d	1	0.62mi
15035 Michelangelo Blvd #103 Delray Beach, FL	2.0	2.0	1079	$2,000	$1.85	24d	1	0.64mi
15155 Michelangelo Blvd Delray Beach, FL	2.0	2.0	1079	$2,288	$2.12	7d	2	0.65mi
15155 Michelangelo Blvd #106 Delray Beach, FL	2.0	2.0	1079	$2,400	$2.22	20d	1	0.66mi
15155 Michelangelo Blvd #106 Delray Beach, FL	2.0	2.0	1079	$2,400	$2.22	24d	1	0.66mi
15065 Michelangelo Blvd #105 Delray Beach, FL	2.0	2.0	1079	$2,400	$2.22	22d	1	0.66mi
15065 Michelangelo Blvd #105 Delray Beach, FL	2.0	2.0	1079	$2,400	$2.22	2d	1	0.66mi
102 Waterford D Unit 102 Delray Beach, FL	1.0	1.5	720	$1,900	$2.64	24d	1	0.67mi
163 Tuscany C Unit C Delray Beach, FL	1.0	1.5	720	$1,300	$1.81	14d	1	0.68mi
15055 Michelangelo Blvd Delray Beach, FL	2.0–3.0	2.0	1158	$2,125	$1.83	22d	2	0.69mi
148 Waterford D Unit 148 Delray Beach, FL	2.0	2.0	883	$1,900	$2.15	17d	1	0.69mi
242 Seville K Unit 242 Delray Beach, FL	1.0	1.5	720	$1,380	$1.92	24d	1	0.69mi
7301 Amberly Ln #304 Delray Beach, FL	2.0	2.0	1080	$1,495	$1.38	7d	1	0.73mi

HOA detail condo

• Monthly dues: $789 · $9,468/yr
• Likely covers: waterpoolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 45 events

1. 2026-06-18
   days on market $99,900 Active 75 DOM
2. 2026-06-17
   days on market $99,900 Active 74 DOM
3. 2026-06-16
   days on market $99,900 Active 73 DOM
4. 2026-06-15
   days on market $99,900 Active 72 DOM
5. 2026-06-13
   days on market $99,900 Active 70 DOM
6. 2026-06-09
   days on market $99,900 Active 66 DOM
7. 2026-06-08
   days on market $99,900 Active 65 DOM
8. 2026-06-07
   days on market $99,900 Active 64 DOM
9. 2026-06-04
   days on market $99,900 Active 61 DOM
10. 2026-06-03
    days on market $99,900 Active 60 DOM
11. 2026-06-02
    days on market $99,900 Active 59 DOM
12. 2026-06-01
    days on market $99,900 Active 58 DOM
13. 2026-05-31
    days on market $99,900 Active 57 DOM
14. 2026-04-04
    listed $99,900 Active
15. 2025-09-22
    historical
16. 2025-05-05
    price $150,000
17. 2025-03-31
    listed $165,000 Active
18. 2024-11-01
    historical $1,800
19. 2024-10-21
    listed $1,800
20. 2023-11-03
    historical
21. 2023-08-18
    listed $175,000 Active
22. 2021-03-02
    historical
23. 2021-02-15
    price $128,500
24. 2021-02-01
    listed $129,900 Active
25. 2021-01-31
    historical
26. 2020-03-06
    soldstatus $106,000
27. 2020-02-28
    soldstatus $106,000 Closed
28. 2020-01-20
    historical Active Under Contract
29. 2019-12-27
    status Active
30. 2019-12-26
    historical Active Under Contract
31. 2019-11-19
    price $116,795
32. 2019-09-27
    listed $120,000 Active
33. 2019-03-14
    soldstatus $62,000 Closed
34. 2019-03-14
    soldstatus $62,000
35. 2019-02-17
    historical Contingent
36. 2019-02-05
    listed $70,000 Active
37. 2003-04-04
    soldstatus $57,000
38. 2003-03-31
    soldstatus $57,000
39. 2002-12-30
    historical
40. 2002-12-04
    listed $61,500
41. 2002-03-20
    soldstatus $48,000
42. 2002-03-08
    soldstatus $48,000
43. 2002-03-07
    historical
44. 2002-03-07
    listed $49,900
45. 1991-04-30
    soldstatus $41,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $890 · $74/mo
• Projected year-2 tax: $890 · $74/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 2 d/yr ≥107°F today · 6 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,248
• − Mortgage interest: −$5,596
• − Property taxes: −$890
• − Insurance: −$500
• − Repairs & maintenance: −$2,020
• − Management: −$2,020
• − HOA: −$9,468
• − Depreciation: −$2,906
• Taxable income: $1,848
• Est. tax owed @ 24.0%: −$444
• After-tax cash flow: $2,358/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Palm Beach
• NCES district ID: 1201500
• Math proficiency: 46% ▼ -16.00%
• Reading proficiency: 53% ▼ -4.00%
• Median HH income: $53,943
• Composite: 42.72/100
• National rank: #3160
• State rank: #34 of 73 in FL

Livability — Delray Beach

• Score: 77/100
• State rank: #202
• US rank: #3160

Category grades

Amenities F Commute A- Cost of living C- Crime D- Employment B+ Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Palm Beach County · 1,438,312 people
• City population: 123,167
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 28,431
• Household income: $80,187
• Rent vs Own: 11.4% rent · 88.6% own
• Severe rent burden: 494.0

Population outlook (Palm Beach County) Hauer SSP2

• Today (2025): 1,637,487 people
• By 2030: 1,743,255 · +6.5%
• By 2040: 1,948,712 · +19.0%
• By 2050: 2,132,979 · +30.3%
• By 2075: 2,530,027 · +54.5%
• By 2100: 2,706,979 · +65.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 13% Two or more races 9% Black 4%
• Hispanic origin (detail): Puerto Rican 3% Dominican 1%
• Common ancestry: Romanian 9% Scotch-Irish 9% Italian 2%
• Foreign-born: 20% · Canada, Jamaica, Guatemala
• Languages at home: 80% English-only · Spanish 12% Other Indo-European 2% French/Haitian/Cajun 2%

Political lean MEDSL · Palm Beach

• 2024 margin: Toss-up / Even · D 50.0% · R 49.2%
• 2008→2024 swing: -22.1pp toward R · 2008: 22.9pp · 2024: 0.8pp
• All cycles: 2024: D+0.8 2020: D+12.8 2016: D+15.3 2012: D+17.0 2008: D+22.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.69%
• Current HPI: 242.5138
• Rent YoY: ▲ 0.51%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+143.7% since first listed

32 events — show timeline

• 2026-04-04 Listed $99,900 MARMLS
• 2025-09-22 Listing Removed — MARMLS
• 2025-05-05 Price Changed $150,000 MARMLS
• 2025-03-31 Listed $165,000 MARMLS
• 2024-11-01 Rental Removed $1,800 GFLMLS
• 2024-10-21 Listed for Rent $1,800 GFLMLS
• 2023-11-03 Listing Removed — Beaches MLS
• 2023-08-18 Listed $175,000 Beaches MLS
• 2021-03-02 Listing Removed — Beaches MLS
• 2021-02-15 Price Changed $128,500 Beaches MLS
• 2021-02-01 Listed $129,900 Beaches MLS
• 2021-01-31 Coming Soon — Beaches MLS
• 2020-03-06 Sold (Public Records) $106,000 Public Records
• 2020-02-28 Sold (MLS) $106,000 Beaches MLS
• 2020-01-20 Contingent — Beaches MLS
• 2019-12-27 Relisted — Beaches MLS
• 2019-12-26 Contingent — Beaches MLS
• 2019-11-19 Price Changed $116,795 Beaches MLS
• 2019-09-27 Listed $120,000 Beaches MLS
• 2019-03-14 Sold (Public Records) $62,000 Public Records
• 2019-03-14 Sold (MLS) $62,000 Beaches MLS
• 2019-02-17 Contingent — Beaches MLS
• 2019-02-05 Listed $70,000 Beaches MLS
• 2003-04-04 Sold (Public Records) $57,000 Public Records
• 2003-03-31 Sold (MLS) $57,000 Beaches MLS
• 2002-12-30 Listing Removed — Beaches MLS
• 2002-12-04 Listed $61,500 Beaches MLS
• 2002-03-20 Sold (Public Records) $48,000 Public Records
• 2002-03-08 Sold (MLS) $48,000 Beaches MLS
• 2002-03-07 Listed $49,900 Beaches MLS
• 2002-03-07 Listing Removed — Beaches MLS
• 1991-04-30 Sold (Public Records) $41,000 Public Records

Property tax history

+1.4%/yr

Latest (2025): $890 · +4.5% YoY. Source: county tax records.