David Ramirez
$4,950,000$5,350,0005 bd6.5 ba6,209 sqft$797 /sqft$33,654 /mo all-in ↓

945 Cypress Drive, Delray Beach FL 33483, DELRAY BEACH, FL, 33483

Active71 days on marketListed May 27, 2026MLS #B26033980

Reduced $400KWaterfrontPrivate poolSingle Family ResidenceTROPIC ISLE 2ND SEC

About this home

945 Cypress Drive, Delray Beach FL 33483

Bring your boat — or multiple boats — to this exceptional deep-water Intracoastal estate in beautiful Delray Beach, nestled within one of the area's most exclusive neighborhoods. Designed for luxury waterfront living, this magnificent residence offers five spacious bedrooms plus a private office and dedicated media room, along with 6.5 impeccably appointed baths. Dramatic two-story soaring ceilings create a grand sense of scale and elegance throughout multiple living spaces, while expansive interiors seamlessly blend sophistication, comfort, and the ultimate South Florida lifestyle This extraordinary deep-water Intracoastal estate in beautiful Delray Beach, perfectly positioned within one of the area's most exclusive waterfront neighborhoods with no HOA. Designed for the ultimate South Florida lifestyle, this spectacular residence offers 5 bedrooms plus a private office and custom media room, along with 6.5 luxurious bathrooms. Grand two-story ceilings create dramatic elegance throughout multiple living spaces, while double master suites provide exceptional comfort and flexibility. The home is loaded with resort-style amenities including a gourmet chef's kitchen with premium upgrades, stunning sunken beverage bar, billiard loft, temperature-controlled wine cellar, private elevator, dedicated fitness room, and relaxing sauna. Enjoy seamless indoor-outdoor living with both interior and exterior fireplaces, a custom tiki retreat, and an incredible beach-entry pool with spa/hot tub overlooking the water. Boating enthusiasts will appreciate the deepwater dock with direct Intracoastal access, while car collectors will love the oversized garage complete with an additional auto lift. Every detail of this remarkable estate was thoughtfully designed to deliver luxury, comfort, entertainment, and unforgettable waterfront living — and more

Facts & features

The home at a glance

5

Bedrooms

6.5

Bathrooms

6,209

Sqft

0.22 ac

Lot size

2

Garage

2001

Year built

2

Levels

$797

Per sqft

Private poolWaterfrontCanal & Intracoastal View & Pool & Water & Canal View viewPets allowed

Inside

FlooringMarble · Other · Tile
AppliancesElectric Water Heater · Trash Compactor · Dishwasher · Dryer · Microwave · Refrigerator · Self Cleaning Oven · Wall Oven · Washer
InteriorBar · Built-in Features · Closet Cabinetry · Cooking Island · Elevator · Entrance Foyer · French Doors · Other · Pantry · Pull Down Stairs · Roman Tub · Split Bedroom · 3 Bedroom Split · Volume Ceilings · Walk-In Closet(s) · Wet Bar · Family Room · Storage
CoolingCentral Air
HeatingCentral

Outside & construction

RoofConcrete
ConstructionCBS Construction · Slab Construction
ViewCanal · Intracoastal View · Pool · Water · Canal View
FacesSouth
Parking2 Or More Spaces · Driveway · Parking Garage · Paver Block
ExteriorBalcony · Barbeque

Community & fees

Taxes (2025)$59,131/yr
PetsYes

Utilities & systems

UtilitiesSewer Connected · Water Connected · Electricity Available · Sewer Available · Water Available
WaterPublic

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$33,654 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$26,710
PMI (est., until 20% equity)$1,856
Property tax — 2025 actual bill$4,928
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $495,000Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $495,000
Interest rate6.00%
Loan term

Estimated payment

$33,654/mo

Principal & interest$26,710
PMI (est., until 20% equity)$1,856
Property taxes (actual bill)$4,928
Est. insurance$160

Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Value check

Is the price right?

The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.

$/sqft vs Delray Beach actives

$797 vs $250

Days on market

71 vs 61 typical

Where $797/sqft sits among the 400 Delray Beach actives

220
79
23
25
16 · this home
37
$97–268$268–440$440–612$612–784$784–956$956+

The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.

Where it sits

Inside Tropic Isle

Map of 945 Cypress Drive, Delray Beach FL 33483 inside its neighborhood boundary

Get to know Delray Beach. See the full Delray Beach guide →

Tropic Isle — neighborhood snapshot

Population

1,454

Median age

65

Median income

$114,336

Median home value

$93,971

Avg household

2

Households w/ children

58%

For the school run

Palm Beach County School District

ElementaryPine Grove Elementary School★★★★★
HighBoca Raton Community High School★★★★
MiddleBoca Raton Community Middle School★★★★★
HighGlades Construction Academy At West Technical

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Delray Beach market

Seller’s marketLeans buyer11.3 months of inventoryBuyer’s market

$584K$433K

Delray Beach median sold, yr/yr

95.7%

Sale-to-list ratio (12 mo)

40 of 400

Delray Beach actives have cut their price

Median sold price, Delray Beach, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 556% above the DELRAY BEACH 33483 median. See the full Delray Beach market guide →

Paper trail

This home's history

CurrentPrice reduced to $4,950,000 $400K
May 27, 2026Listed at $5,350,000 · 71 days on market since
2001Built · TROPIC ISLE 2ND SEC

Reality check

What actually sold near 945 Cypress Drive

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

976 Cypress Drive, Delray Beach FL 33483Sold · Mar ’26

$10,000,000

976 Cypress Drive, Delray Beach FL 33483 · same community

4 bd · 4.5 ba · 4,386 sqft · $2,280/sqft · 11 DOM

960 Cypress Drive, Delray Beach FL 33483Sold · Oct ’25

$2,600,000

960 Cypress Drive, Delray Beach FL 33483 · same community

4 bd · 5.5 ba · 3,676 sqft · $707/sqft · 130 DOM

975 Banyan Drive, Delray Beach FL 33483Sold · Oct ’25

$6,800,000

975 Banyan Drive, Delray Beach FL 33483 · same community

3 bd · 3.5 ba · 3,481 sqft · $1,953/sqft · 221 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

David Ramirez

Your agent

David Ramirez

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about 945 Cypress Drive — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 945 Cypress Drive — before you fall in love.

See it in person

Schedule a tour

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Straight answers

945 Cypress Drive FAQs

What would the monthly payment be for 945 Cypress Drive, Delray Beach FL 33483?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $33,654/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

What are the property taxes on 945 Cypress Drive, Delray Beach FL 33483?+

The most recent tax bill on record (2025) was $59,131. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

Are pets allowed at 945 Cypress Drive, Delray Beach FL 33483?+

The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.

How does the price compare to other homes in Delray Beach?+

At $4,950,000, this home is listed about 1733% above the Delray Beach median of $269,999. The market section on this page shows how the area is trending.

Which schools are assigned to 945 Cypress Drive, Delray Beach FL 33483?+

Pine Grove Elementary School (elementary), Boca Raton Community High School (high), Boca Raton Community Middle School (middle), Glades Construction Academy At West Technical (high) — Palm Beach County School District. Always verify school assignments with the district before relying on them.

The brief

Four things that matter here

01Positioned at the premium end

$4,950,000 runs 556% above the DELRAY BEACH 33483 median — but at 6,209 sqft it's also nearly 5 times the size of the typical Delray Beach listing.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03Strong assigned schools

Pine Grove Elementary School, Boca Raton Community High School, Boca Raton Community Middle School, Glades Construction Academy At West Technical — Boca Raton Community High School rates 4 of 5. Always verify assignments with the district.

04The price has already moved

Listed at $5,350,000, now $4,950,000 — a $400K cut. The full history is in the market section below.

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.

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