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Sold for $1,077,995 on 08/13/24
  • $1,077,995

    501 Lake Drive, Delray Beach, FL 33444

    2beds
    1,297sqft
    Single Family Residence
    Built in 1971
    9,375 Square Feet Lot
    $1,033,300 Zestimate®
    $831/sqft
    $3,698 Estimated rent

    What's special

    Seize the opportunity to renovate, build new, or develop an investment property on this expansive 9,375 square foot lot, ideally situated in the coveted Lake Ida neighborhood of Delray Beach. This prime piece of real estate offers the perfect chance to immerse yourself in one of Delray's most prestigious areas, just blocks from the vibrant Atlantic Avenue. Lake Ida is a rapidly growing community, with a surge of new construction projects enhancing its appeal. Newly built homes in the vicinity are commanding prices well over $3 million, underscoring the potential for substantial returns on investment. The property benefits from proximity to numerous local builders, making the development process seamless. Enjoy easy access to an array of area attractions, including fine dining, shopping, entertainment, the renowned Delray Tennis Center, and the pristine beaches that define this Floridian paradise. Whether you envision constructing your dream home or a lucrative investment property, this lot offers the ideal canvas. Embrace the opportunity to join a flourishing community and indulge in the quintessential Delray Beach lifestyle.

    Zillow last checked: 7 hours ago

    Listing updated: August 28, 2024 at 07:10pm

    Listed by:

    Brett A Colby 561-903-4200,

    RE/MAX Direct

    Bought with:

    Anthony Addeo PA

    Posh Properties

    Source: BeachesMLS,MLS#: RX-11003298MLS LogoOriginating MLS: Beaches MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Description: estimated measurements
    • Level: M
    • Area: 154.56
    • Dimensions: 13.8 x 11.2
    Bedroom 2
    • Level: M
    • Area: 132.24
    • Dimensions: 11.6 x 11.4
    Dining room
    • Level: M
    • Area: 102.12
    • Dimensions: 11.1 x 9.2
    Family room
    • Level: M
    • Area: 136
    • Dimensions: 13.6 x 10
    Florida room
    • Level: M
    • Area: 465
    • Dimensions: 31 x 15
    Kitchen
    • Description: estimated measurements
    • Level: M
    • Area: 114
    • Dimensions: 11.4 x 10
    Living room
    • Description: estimated measurements
    • Level: M
    • Area: 315
    • Dimensions: 21 x 15
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Dishwasher, Electric Range, Refrigerator, Electric Water Heater
    Features
    • Pantry, Split Bedroom, Walk-In Closet(s)
    • Flooring: Carpet, Tile
    Interior area
    • Total structure area: 2,161
    • Total interior livable area: 1,297 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Driveway, Garage - Attached, Auto Garage Open
    • Attached garage spaces: 1
    • Has uncovered spaces: Yes
    Features
    • Levels: 1.00
    • Stories: 1
    • Waterfront features: None
    Lot
    • Size: 9,375 sqft
    • Features: < 1/4 Acre, West of US-1
    Details
    • Parcel number: 12434608200040040
    • Zoning: R-1-AA

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Single Family Residence
    Materials
    • Block, Concrete, Stucco
    • Roof: Concrete
    Condition
    • Resale
    • New construction: No
    • Year built: 1971

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected

    Community & neighborhood

    Community
    • Community features: None
    Location
    • Region: Delray Beach
    • Subdivision: Totterdale Add

    HOA & financial

    HOA
    • Has HOA: No

    Other

    Other facts
    • Listing terms: Cash,Conventional,VA Loan
    • Road surface type: Paved
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $1,033,300

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,033,300