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.
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
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-11003298
Originating 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