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1221 Dolphin Rd
Riviera Beach, FL

1221 Dolphin Rd

$1,127,900
3 bd • 2 ba • 1,910 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$1,127,900

Price/Sq.Ft

$591

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

The property at 1221 Dolphin Rd, Riviera Beach, FL 33404 boasts several positive attributes. Its location on Dolphin Road suggests proximity to the waterfront, which is a significant draw in this coastal area. The 1,910 sqft of living space is generous, offering 18% more space than the average three-bedroom rental in the area (based on the typical size needed for $2,513 rent). The property features a modern, clean aesthetic with a white exterior and a tile roof, which is beneficial for heat reflection in Florida's climate. The attached garage adds value and convenience. At $590.52/sqft, while higher than some areas, it's not uncommon for waterfront or near-waterfront properties in desirable Florida locations. The property appears well-maintained, suggesting potential lower immediate maintenance costs.

The Bad

The price point of $1,127,900 is significantly above the area's median income of $49,433, limiting the pool of potential local buyers. This price is 22.8 times the median income, well above the recommended 3-5 times for affordability. The property lacks listed features or a detailed description, which may indicate an absence of recent upgrades or special amenities that could justify the high price point. The unknown year built raises concerns about potential hidden issues related to age, especially considering Florida's stringent building code changes over the years due to hurricane risks.

The Ugly

The property's location in Riviera Beach exposes it to significant environmental risks. With a high hurricane risk, insurance costs could be extreme - potentially $5,000 to $10,000 annually for wind and flood coverage combined. Sea level rise is a critical concern; without knowing the exact elevation, the property could face increased flooding risks over time, potentially impacting its long-term value. The area's higher poverty and unemployment rates compared to national averages could affect future property values and community resources. The lack of information on utilities and systems is concerning, as older or inadequate systems could require costly upgrades to meet current hurricane resilience standards.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is best suited for high-income buyers or investors with a household income of $300,000+ annually, considering the high purchase price and potential insurance costs. It would appeal to those seeking a spacious coastal property who can afford the premium and associated risks. The property could be attractive to out-of-state buyers looking for a vacation home or retirees downsizing from more expensive markets. Investors interested in high-end vacation rentals might find potential, given the property's likely proximity to the beach and its spacious layout.

Not For

This property is not suitable for first-time homebuyers or those with median incomes in the Riviera Beach area. Families seeking strong public schools should be cautious, as Riviera Beach schools may underperform compared to other districts. Risk-averse investors or those unable to afford high insurance premiums and potential special assessments for flood mitigation should avoid this property. It's also not ideal for buyers unprepared for the potential challenges of owning a home in a hurricane-prone, coastal area with rising sea levels.
Demographics
Area Median Income

$49,433

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Risk Assessment

Risk Analysis

Hurricane risk is a major concern, with potential for catastrophic damage and very high insurance costs. Sea level rise could lead to increased flooding, even outside of storm events, potentially impacting property value and insurability in the long term. The unknown age of the property raises concerns about its ability to withstand severe weather and adherence to current building codes. There's a risk of special assessments for community-wide flood mitigation projects. The socioeconomic challenges in Riviera Beach, including higher crime rates in some areas, could impact property values and quality of life. The high price point relative to local incomes suggests a risk of price volatility if economic conditions change or demand for luxury properties decreases.

Financials

Monthly Costs
Market Rent (3 bed)

$2,513

Get a detailed rental estimate on Zillow®

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,405,833

24.6% above list price

Median Price

$1,560,000

Based on 6 recent sales

Price per Sq.Ft

$747

Comparable Properties

1190 Gulfstream Way, Singer Island, FL 33404
Price: $900,000
Sq.Ft: 1,910
Beds/Baths: 3/2
$/Sq.Ft:
$47120.2%
Sale Date: 11/6/2024
1170 Coral Way, Singer Island, FL 33404
Price: $1,560,000
Sq.Ft: 1,760
Beds/Baths: 3/2
$/Sq.Ft:
$88650.1%
Sale Date: 11/14/2024
1196 Coral Way, Singer Island, FL 33404
Price: $1,030,000
Sq.Ft: 1,800
Beds/Baths: 3/2
$/Sq.Ft:
$5723.1%
Sale Date: 10/22/2024
3100 N Ocean Drive #H-1203, Riviera Beach, FL 33404
Price: $1,900,000
Sq.Ft: 1,917
Beds/Baths: 2/3
$/Sq.Ft:
$99167.8%
Sale Date: 1/22/2025
3100 N Ocean Drive #H-1704, Riviera Beach, FL 33404
Price: $2,050,000
Sq.Ft: 2,065
Beds/Baths: 2/3
$/Sq.Ft:
$99368.1%
Sale Date: 1/22/2025
1291 Bimini Lane, Riviera Beach, FL 33404
Price: $995,000
Sq.Ft: 1,756
Beds/Baths: 3/3
$/Sq.Ft:
$5674.0%
Sale Date: 11/22/2024

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