tomo logo

$4,500,000

Beds
6
Baths
5.5
sq ft
5,293

951 Iris Dr, Delray Beach, FL 33483

951 Iris Dr

Delray Beach, FL 33483

  • <1 day on market
Luxurious Waterfront Estate in Tropic Isle - Minutes from Downtown Delray BeachLocated in the exclusive Tropic Isle community, just minutes from the vibrant downtown Delray Beach and its renowned beaches, this custom 5-bedroom (with optional 6th), 5.5-bath estate embodies the pinnacle of luxury waterfront living. Set on a deep-water canal just three lots off the Intracoastal, the home welcomes you with soaring double-height ceilings and sweeping water views, creating an immediate sense of tranquility and grandeur.The gourmet chef's kitchen is a true showstopper, featuring an oversized island, top-tier Thermador and Sub-Zero appliances, a walk-in pantry, and a wet bar--ideal for both intimate gatherings and grand entertaining.

Details

Property type

Single Family Residence

Est. home value

$5,673,736

Lot size

9,148 sq ft

Price per sq ft

$851

Year built

2010

Annual property taxes

$42,872

Price History

02/01/2025
Beaches

Beaches #R11058038

Listed
$4,500,000
+106.9%
07/10/2014
Beaches

Beaches #R3363591

Sold
$2,175,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$3,174,956
Asking price
$4,500,000
Closing costs (~8% of asking)
-$360,000
Est. remaining loan balance
-$965,044
Cash to seller
$3,174,956

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

April 2022

Original loan amount

$1,017,000

Est. remaining balance

$965,044

Interest rate

3.89%

Loan type

New Conventional, 30 year

Seller

Peter S Schorr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/02/2025 at 3:55 AM

Listing updated: 02/01/2025 at 5:05 PM

Listed by: Mark Balsom, Douglas Elliman Phone #: (561) 278-5570

MLS: Beaches #R11058038

Beaches logo

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