Photo: 961 Iris Drive Delray Beach, Florida (listed for $7,995,000)
Overview
Tropic Isle in Delray Beach, Florida, is experiencing a surge in real estate activity, with homes for sale on nearly every street. This exclusive waterfront community remains one of the most desirable neighborhoods for luxury buyers seeking deep-water access, modern renovations, and close proximity to Atlantic Avenue and the beach.
Active Listings
Currently, there are an estimated 16 to 20 single-family homes for sale in Tropic Isle. The majority of listings fall within the $3 million to $4 million range, with prices spanning from as low as $695,000 for smaller or attached properties, up to $8.7 million for custom-built luxury estates.
- Median listing price: Approximately $3.5 million
- Average price per square foot (active listings): Roughly $1,100
- Homes can be found on nearly every street in the community, including Jasmine Drive, Hyacinth Drive, Dogwood Drive, Banyan Drive, and more.
Market Trends & Sales Activity
Over the past year, Tropic Isle has seen steady transaction volume and competitive sales performance, despite some year-over-year fluctuations in pricing.
- Median sale price: Around $3 million, down 10.1% year-over-year
- Median sale price per square foot: Up 50.1% year-over-year to approximately $843
- Average days on market: Homes are selling in about 122 days, a significant improvement from last year’s 175-day average
- Recent sales (past 12 months):
- 14 homes sold
- Average list price: $4.15 million
- Average sale price: $3.86 million
- List-to-sale price ratio: Approximately 93%
- Average days on market (DOM): 73 days
- Average sold price per square foot: ~$743
Quick Stats Summary
| Market Indicator | Value |
|---|---|
| Approx. Active Listings | 16–20 single-family homes |
| Listing Price Range | $695,000 – $8.7 million |
| Median Listing Price | $3.5 million |
| Median Sale Price | $3 million |
| Sale Price Trend (YoY) | ↓ 10.1% |
| Listing Price per Sq Ft | ~$1,100 |
| Sold Price per Sq Ft | ~$743 – $843 |
| Avg. Days on Market (Sales) | 73 – 122 days |
| List-to-Sale Ratio | ~93% |
Market Insight
Tropic Isle remains a strong luxury market in Delray Beach real estate, offering a rare combination of deep-water canal access, large waterfront lots, and proximity to high-end dining and shopping. The current surge in listings may offer buyers more options than usual, but well-priced homes are still moving quickly—often in under 3 months.
Sellers should remain competitive with pricing, while buyers should act decisively when the right waterfront property becomes available. With elevated price-per-square-foot figures and shrinking days on market, Tropic Isle continues to be one of the top-performing waterfront communities in South Florida.
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