Waterfront Community Snug Harbor
632 Snug Harbor Drive D3 Boynton Beach, FL 33435
For Sale
$139,500
Coastal living in move-in ready 1 bed, 1 bath home.
Property Size731 SF
Price / SF$190.83
Days on Market494
Property Features for 632 Snug Harbor Drive D3
General Information
- Standard status
- Active
- Size
- 731 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1971
Listing Agency:
William Raveis Real Estate
(860) 389-6000
Listed By:
Margaret Serapilia · License #3460204
(860) 389-6000
Source:
Exitrealty
Added: Mar 18, 2025
Changed: Jul 6
Last Checked: Jul 24 at 6:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of William Raveis Real Estate
Investment Insights
Based on property information with market context.
Located in the waterfront community of Snug Harbor Gardens on the Intra Coastal, this 1-bedroom, 1-bathroom home offers coastal living in move-in condition. The property features courtyard views and a light, bright, and airy atmosphere. Updated in 2022, the home includes updated AC and electric. The kitchen is equipped with white cabinets, stainless steel appliances, and a tile backsplash. The dining area opens to the living room, which features tile flooring and accent lighting. The updated bathroom includes a barn door shower door. Residents can enjoy a heated pool on the ICW with water views and wildlife, as well as sunrises. Beaches, restaurants, PBI hospital, shopping, and the train station are all nearby. The property size is 731 square feet.
Key Highlights
- Waterfront community in Snug Harbor Gardens on the Intracoastal Waterway.
- Updated AC and electric (2022).
- Move‑in ready condition with neutral decor.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.4k | $29.28 |
| − Vacancy | −$963 | −$1.32 |
| EGI | $20.4k | $27.96 |
| − OpEx | −$9.2k | −$12.58 |
| NOI | $11.2k | $15.38 |
731 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$160.6K
$140.5K – $187.4K
NOI $11,242 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.8K
$450.5K – $600.6K
NOI $36,037 @ 7.0% cap · market cap 25.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Coastal living in move-in ready 1 bed, 1 bath home.
Where is this residential income property located?
The property is located at 632 Snug Harbor Drive D3 Boynton Beach, FL.
What is the asking price?
The asking price for this property is $139,500.
What are key features of this property?
This property features: Waterfront community in Snug Harbor Gardens on the Intracoastal Waterway.; Updated AC and electric (2022).; Move‑in ready condition with neutral decor.
