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3-bedroom, 2-bath single family residence at Tropic Palms 1, Delray Beach - listing photo 1 / 25
$699,000

Tropic Palms 1 — Delray Beach

3 bd · 2 ba · 1,925 sqft · Built 1960 · Pets: Yes, No Restrictions
517 Ibis Drive, Delray Beach, FL 33444
MLS# B26033100

Could this be the home of your dreams? This incredible property offers a rare combination of comfort and immediate financial upside, featuring an attached in-law suite that is currently producing steady rental income. Ideally located East of I-95 in the desirable, no-HOA Tropic Palms neighborhood, this updated, meticulously kept home is only minutes from Delray's beaches and Atlantic Avenue. The main home includes two bedrooms, one bathroom, and a versatile flex space suitable for an office or a third bedroom. An attached, private one-bedroom, one-bathroom suite offers the perfect opportunity for multi-generational living or immediate, consistent rental income. Enjoy a low-maintenance, private backyard with top-tier artificial turf and full hurricane protection. Ideal, restriction free.

Costs and association

Property tax was $5,260 in 2025. Ownership is subject to no restrictions.

Master association
No
Annual property tax
$5,260 (2025)
Restrictions
No Restrictions
Pets
Yes, No Restrictions
Gated community
No
Age-restricted community
No

Building and exterior

Built in 1960, on a single level. Construction is Brick and Stucco. Parking includes a 1-bay garage, with driveway.

Floors in building
1
Levels
One
Year built
1960
Total building area
2,239 sq ft
Lot size
0.18 acres
Garage
1 bays
Parking
Driveway, Garage, Attached Garage
Private pool
No
Waterfront
No
Faces
South
Construction
Brick, Stucco, CBS
Roof
Composition, Shingle
Exterior features
Barbecue

Interior and finishes

Finished in tile. Climate control is central air and ceiling fan(s) with central heat. The plan runs to 3 rooms with 2 full bathrooms. Interior features include kitchen island.

Bedrooms
3
Full bathrooms
2
Total rooms
3
Living area
1,925 sq ft
Flooring
Tile
Interior features
Kitchen Island
Appliances
Electric Water Heater, Dryer, Dishwasher, Electric Range, Ice Maker, Microwave, Oven, Refrigerator, Water Heater, Washer, Range
Cooling
Central Air, Ceiling Fan(s)
Heating
Central
Rooms
Kitchen, Living Room, Master Bedroom

Location and market

Listed on 28 May 2026, and on the market 124 days. The price has come down from $779,000. Assigned schools are Pine Grove, Carver Community and Boca Raton.

Date listed
28 May 2026
Days on market
124
Original list price
$779,000
Price per sq ft
$379.22
Elementary school
Pine Grove
Middle school
Carver Community
High school
Boca Raton
Utilities
Cable Available, Electricity Available, Water Available
Sewer
Public Sewer
Photographs
25

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Courtesy of Compass Florida LLC. Listing data via BeachesMLS IDX. Information deemed reliable but not guaranteed.

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