14527 Bonaire Blvd #303 · Delray Beach, FL 33446

$165,000

2 bd · 2.0 ba · 1,060 sqft · Condo public records · 267 Days on market

Built 1980 $720/mo HOA · 26% 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 +22.3/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +7.2/10.0
• 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 MLS

Best kept secret at Villages of Oriole. Beautiful 2/2 Condo in the lovely 55+ community of Bonaire located in Central Delray. Enjoy cooking in a tastefully remodeled eat in kitchen complete with granite counter tops & includes full size stackable W/ D. Master bedroom large enough for a king size bed with room to spare. Enjoy enclosed patio with tree top lake view. Large community pool with grill area. Gym, Pool table and card room along with a large banquet room which is available for parties. Close to shopping, numerous restaurants, beaches, and the night life of Atlantic Avenue!

Key facts

• Stainless appliances
• Built-in cabinets
• Soft close cabinets

Tags

• UPDATED KITCHEN
• GRANITE COUNTERS
• STAINLESS APPLIANCES
• SOFT CLOSE CABINETS
• UPGRADED PLANK FLOORING
• BUILT-IN CABINETS

Property features AI

Finance

• Other: Senior community; Pets not allowed
• HOA & community: Has association; Monthly HOA fee; Association amenities include pool, spa/hot tub, fitness center, clubhouse, billiard and game rooms, tennis and shuffleboard courts, jogging paths/trails, library, community room, storage, manager on site, trash chute, elevator, parking, sidewalks and street lights; HOA covers cable TV, insurance, grounds maintenance, pest control, sewer, trash, water, common areas, elevator and recreation facilities

Exterior

• Parking: Assigned parking (73 total spaces)
• Security: Fire sprinkler system; Smoke detectors
• Utilities: Public water; Public sewer; Three-phase electric; Cable available
• Home design: Condominium; Resale condition; Faces south; 7-story building
• Construction: Concrete/CBS construction; Other roof
• Exterior features: Covered and screened patio/porch areas; Glass-enclosed porch; Patio and porch; Sidewalks; Waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Garbage disposal; Electric water heater
• Bedrooms: 2 bedrooms on main level
• Flooring: Ceramic tile; Vinyl
• Bathrooms: 2 full bathrooms on main level
• Heating & cooling: Central electric heating; Central air conditioning; Ceiling fans
• Interior features: Built-in features; Walk-in closets; Stacked bedroom layout; Closet cabinetry; Blinds and sliding/double-hung windows
• Laundry & utility: Laundry closet inside and outside access

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $165k.

Deal economics

• At list price, monthly cash flow is $273 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $165k).
• Recommended offer: $145k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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 41% 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 $2k of equity ($1k loan paydown + $1k 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 $46k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 267 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 21y ago; this cycle's ask has dropped $25k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 26% 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 $145,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 267 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.68% ✓
• Cap rate: 8.28%
• Cash-on-cash: 7.09%
• DSCR: 1.32
• GRM: 5.0

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: 5.2%
• Equity multiple: 1.25×
• Total profit: $11,709
• Equity at exit: $53,655

10-year hold

• IRR: 7.3%
• Equity multiple: 1.78×
• Total profit: $36,178
• Equity at exit: $69,280

Cash invested: $46,200 (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: 5.0×

Monthly cashflow live

• Estimated rent: $2,772 high
• Mortgage (P&I): −$865
• Tax from tax record: −$263 /mo · $3,155/yr
• Insurance: −$69
• HOA: −$720
• Vacancy / Maint / Mgmt: −$582
• Net cashflow: $273

Break-even live

Break-even rent $2,426

Max offer price $165,000

Occupancy floor 85%

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14475 Strathmore Ln Delray Beach, FL	2.0	2.0	1230	$2,422	$1.97	24d	2	0.09mi
14671 Bonaire Blvd #505 Delray Beach, FL	1.0	2.0	925	$1,600	$1.73	24d	1	0.14mi
6866 Huntington Ln #305 Delray Beach, FL	2.0	2.0	1230	$4,500	$3.66	24d	1	0.18mi
14624 Three Ponds Trl Delray Beach, FL	3.0	2.0	1411	$3,250	$2.30	17d	1	0.21mi
14556 Wiley Range Rd Delray Beach, FL	2.0	2.0	1319	$3,000	$2.27	24d	1	0.24mi
6795 Huntington Ln #406 Delray Beach, FL	2.0	2.0	990	$2,500	$2.53	20d	1	0.24mi
32 Abbey Ln #207 Delray Beach, FL	2.0	2.0	925	$2,500	$2.70	24d	1	0.24mi
31 Abbey Ln #207 Delray Beach, FL	2.0	2.0	925	$1,300	$1.41	24d	1	0.25mi
6557 Country Wood Way Delray Beach, FL	3.0	2.0	1346	$4,700	$3.49	24d	1	0.26mi
6550 Country Wood Way Delray Beach, FL	3.0	2.0	1408	$4,000	$2.84	4d	1	0.27mi
6550 Country Wood Way Delray Beach, FL	3.0	2.0	1408	$4,000	$2.84	24d	1	0.27mi
7076 Huntington Ln #608 Delray Beach, FL	2.0	2.0	1230	$2,600	$2.11	24d	1	0.27mi
23 Abbey Ln #208 Delray Beach, FL	2.0	2.0	925	$1,500	$1.62	2d	1	0.28mi
14534 Highland Center Way Delray Beach, FL	2.0	2.0	1319	$3,400	$2.58	7d	1	0.29mi
21 Abbey Ln #107 Delray Beach, FL	2.0	2.0	925	$1,800	$1.95	14d	1	0.31mi
6396 Country Wood Way Delray Beach, FL	2.0	2.0	1364	$3,000	$2.20	24d	1	0.32mi
6372 Sleepy Willow Way Delray Beach, FL	2.0	2.0	1344	$3,975	$2.96	24d	1	0.33mi
6372 Sleepy Willow Way Delray Beach, FL	2.0	2.0	1344	$3,975	$2.96	14d	1	0.33mi
19 Abbey Ln #206 Delray Beach, FL	2.0	2.0	925	$1,750	$1.89	24d	1	0.34mi
14735 Wildflower Ln Delray Beach, FL	2.0	2.0	1073	$2,350	$2.19	1d	1	0.34mi
20 Abbey Ln #102 Delray Beach, FL	2.0	2.0	925	$2,600	$2.81	24d	1	0.35mi
14307 Bedford Dr #302 Delray Beach, FL	2.0	2.0	990	$2,200	$2.22	24d	1	0.35mi
3 Abbey Ln #102 Delray Beach, FL	2.0	2.0	925	$2,500	$2.70	24d	1	0.37mi
7192 Huntington Ln #307 Delray Beach, FL	2.0	2.0	1070	$3,500	$3.27	18d	1	0.37mi
14832 Wildflower Ln Delray Beach, FL	2.0	2.0	1073	$2,500	$2.33	17d	1	0.37mi
14608 Country Side Ln Delray Beach, FL	2.0	2.0	1303	$2,950	$2.26	24d	1	0.38mi
14800 Cumberland Dr Delray Beach, FL	2.0	2.0	1321	$4,048	$3.06	5d	4	0.39mi
14747 Wildflower Ln Delray Beach, FL	2.0	2.0	1229	$2,475	$2.01	24d	1	0.40mi
14828 Golden Jax Ln Unit 8-105 Radiance Delray Beach, FL	2.0	2.0	1321	$3,948	$2.99	14d	1	0.41mi
14828 Golden Jax Ln Unit 8103 Delray Beach, FL	2.0	2.0	1321	$3,949	$2.99	4d	1	0.41mi
14828 Golden Jax Ln Unit 6-105 Radiance Delray Beach, FL	2.0	2.0	1321	$4,148	$3.14	16d	1	0.41mi
14509 Sloan Ridge Dr Unit 10-104 Luminosa Delray Beach, FL	3.0	2.0	1328	$3,827	$2.88	24d	1	0.41mi
6234 Pointe Regal Cir Delray Beach, FL	2.0	2.0	1217	$3,899	$3.20	24d	1	0.43mi
14 Willowbrook Ln #101 Delray Beach, FL	2.0	2.0	1005	$1,700	$1.69	5d	1	0.45mi
6813 Moonlit Dr Delray Beach, FL	2.0	2.0	1148	$2,150	$1.87	24d	1	0.45mi
10 Willowbrook Ln #105 Delray Beach, FL	2.0	2.0	1005	$2,100	$2.09	10d	1	0.47mi
7286 Huntington Ln #105 Delray Beach, FL	2.0	2.0	1070	$3,350	$3.13	24d	1	0.47mi
14747 Cumberland Dr #301 Delray Beach, FL	2.0	2.0	1044	$1,900	$1.82	24d	1	0.49mi
6096 Kings Gate Cir Delray Beach, FL	2.0	2.0	1311	$2,500	$1.91	24d	1	0.53mi
14723 Cumberland Dr Unit 404 B Delray Beach, FL	1.0	2.0	912	$1,850	$2.03	24d	1	0.54mi

HOA detail condo

• Monthly dues: $720 · $8,640/yr
• Likely covers: poolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 41 events

1. 2026-06-18
   days on market $165,000 Active 267 DOM
2. 2026-06-17
   days on market $165,000 Active 266 DOM
3. 2026-06-16
   days on market $165,000 Active 265 DOM
4. 2026-06-15
   days on market $165,000 Active 264 DOM
5. 2026-06-13
   days on market $165,000 Active 262 DOM
6. 2026-06-10
   price $165,000 Active 258 DOM
7. 2026-06-09
   days on market $169,000 Active 258 DOM
8. 2026-06-07
   days on market $169,000 Active 256 DOM
9. 2026-06-04
   days on market $169,000 Active 253 DOM
10. 2026-06-03
    days on market $169,000 Active 252 DOM
11. 2026-06-01
    days on market $169,000 Active 250 DOM
12. 2026-05-31
    days on market $169,000 Active 249 DOM
13. 2026-03-19
    price $169,000
14. 2026-03-19
    status Active
15. 2026-01-04
    historical
16. 2025-07-12
    listed $189,900 Active
17. 2024-10-28
    historical
18. 2024-09-24
    status Active
19. 2024-09-16
    historical $2,200
20. 2024-09-10
    historical
21. 2024-08-29
    historical $2,200
22. 2024-08-28
    listed $2,200
23. 2024-08-27
    listed $2,200
24. 2024-07-15
    price $219,500
25. 2024-05-09
    price $229,900
26. 2024-05-07
    listed $229,500 Active
27. 2022-09-20
    soldstatus $220,000
28. 2022-09-16
    soldstatus $220,000 Closed 596-char remark

    Show marketing remark (596 chars)

    Best kept secret at Villages of Oriole. Beautiful 2/2 Condo in the lovely 55+ community of Bonaire located in Central Delray. Enjoy cooking in a tastefully remodeled eat in kitchen complete with granite counter tops & includes full size stackable W/ D. Master bedroom large enough for a king size bed with room to spare. Enjoy enclosed patio with tree top lake view. Large community pool with grill area. Gym, Pool table and card room along with a large banquet room which is available for parties. Close to shopping, numerous restaurants, beaches, and the night life of Atlantic Avenue!

29. 2022-08-04
    status Pending 596-char remark

    Show marketing remark (596 chars)

    Best kept secret at Villages of Oriole. Beautiful 2/2 Condo in the lovely 55+ community of Bonaire located in Central Delray. Enjoy cooking in a tastefully remodeled eat in kitchen complete with granite counter tops & includes full size stackable W/ D. Master bedroom large enough for a king size bed with room to spare. Enjoy enclosed patio with tree top lake view. Large community pool with grill area. Gym, Pool table and card room along with a large banquet room which is available for parties. Close to shopping, numerous restaurants, beaches, and the night life of Atlantic Avenue!

30. 2022-07-20
    listed $225,000 Active 596-char remark

    Show marketing remark (596 chars)

    Best kept secret at Villages of Oriole. Beautiful 2/2 Condo in the lovely 55+ community of Bonaire located in Central Delray. Enjoy cooking in a tastefully remodeled eat in kitchen complete with granite counter tops & includes full size stackable W/ D. Master bedroom large enough for a king size bed with room to spare. Enjoy enclosed patio with tree top lake view. Large community pool with grill area. Gym, Pool table and card room along with a large banquet room which is available for parties. Close to shopping, numerous restaurants, beaches, and the night life of Atlantic Avenue!

31. 2019-02-13
    historical
32. 2019-01-28
    price $119,500
33. 2019-01-10
    listed $124,500 Active
34. 2015-05-29
    soldstatus $73,000
35. 2015-05-28
    soldstatus $73,000 Closed
36. 2015-04-28
    status Pending
37. 2015-03-02
    price $79,900
38. 2015-01-05
    listed $89,900 Active
39. 2013-09-22
    historical
40. 2005-10-18
    listed $213,500
41. 1995-03-07
    soldstatus $50,000

ⓘ 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: $3,155 · $263/mo
• Projected year-2 tax: $3,155 · $263/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: $33,266
• − Mortgage interest: −$9,243
• − Property taxes: −$3,155
• − Insurance: −$825
• − Repairs & maintenance: −$2,661
• − Management: −$2,661
• − HOA: −$8,640
• − Depreciation: −$4,800
• Taxable income: $1,281
• Est. tax owed @ 24.0%: −$308
• After-tax cash flow: $2,970/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

+238.0% since first listed

29 events — show timeline

• 2026-03-19 Price Changed $169,000 Beaches MLS
• 2026-03-19 Relisted — Beaches MLS
• 2026-01-04 Listing Removed — Beaches MLS
• 2025-07-12 Listed $189,900 Beaches MLS
• 2024-10-28 Listing Removed — Beaches MLS
• 2024-09-24 Relisted — Beaches MLS
• 2024-09-16 Rental Removed $2,200 RMLSFL
• 2024-09-10 Listing Removed — Beaches MLS
• 2024-08-29 Rental Removed $2,200 GFLMLS
• 2024-08-28 Listed for Rent $2,200 GFLMLS
• 2024-08-27 Listed for Rent $2,200 RMLSFL
• 2024-07-15 Price Changed $219,500 Beaches MLS
• 2024-05-09 Price Changed $229,900 Beaches MLS
• 2024-05-07 Listed $229,500 Beaches MLS
• 2022-09-20 Sold (Public Records) $220,000 Public Records
• 2022-09-16 Sold (MLS) $220,000 Beaches MLS
• 2022-08-04 Pending — Beaches MLS
• 2022-07-20 Listed $225,000 Beaches MLS
• 2019-02-13 Listing Removed — Beaches MLS
• 2019-01-28 Price Changed $119,500 Beaches MLS
• 2019-01-10 Listed $124,500 Beaches MLS
• 2015-05-29 Sold (Public Records) $73,000 Public Records
• 2015-05-28 Sold (MLS) $73,000 Beaches MLS
• 2015-04-28 Pending — Beaches MLS
• 2015-03-02 Price Changed $79,900 Beaches MLS
• 2015-01-05 Listed $89,900 Beaches MLS
• 2013-09-22 Listing Removed — Beaches MLS
• 2005-10-18 Listed $213,500 Beaches MLS
• 1995-03-07 Sold (Public Records) $50,000 Public Records

Property tax history

+16.9%/yr

Latest (2025): $3,155 · -2.3% YoY. Source: county tax records.