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
$1,077,995
501 Lake Drive, Delray Beach, FL 33444
2beds
1,297sqft
Single Family Residence
Built in 1971
9,375 Square Feet Lot
$2,038,100 Zestimate®
$831/sqft
$3,946 Estimated rent
Home value
$2,038,100
$1.71M - $2.49M
$3,946/mo
Zestimate® history
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$3,946/mo
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$3,946/mo
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$7,458/mo
Est. payment
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$7,458/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Brett A Colby 561-903-4200,
RE/MAX Direct
Bought with:
Anthony Addeo PA, 3473717
Posh Properties
Source: BeachesMLS,MLS#: R11003298
Originating MLS: BeachesMLS
Originating MLS: BeachesMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Description: estimated measurements
- Level: Main
- Area: 154.56
- Dimensions: 13.8 X 11.2
Bedroom 2
- Level: Main
- Area: 132.24
- Dimensions: 11.6 X 11.4
Dining room
- Level: Main
- Area: 102.01
- Dimensions: 11.1 X 9.19
Family room
- Level: Main
- Area: 136
- Dimensions: 13.6 X 10
Florida room
- Level: Main
- Area: 465
- Dimensions: 31 X 15
Kitchen
- Description: estimated measurements
- Level: Main
- Area: 114
- Dimensions: 11.4 X 10
Living room
- Description: estimated measurements
- Level: Main
- Area: 315
- Dimensions: 21 X 15
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Water Heater
Features
- Main Level Primary, Pantry, Split Bedrooms, Walk-In Closet(s)
- Flooring: Carpet
Interior area
- Total structure area: 2,161
- Total interior livable area: 1,297 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached, Garage, Garage Door Opener
- Attached garage spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: Outdoor Living Area
- Waterfront features: None
Lot
- Size: 9,375 Square Feet
- Features: < 1/4 Acre
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,Tile
Condition
- Resale
- New construction: No
- Year built: 1971
Utilities & green energy
- Electric: 3 Phase
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Community & HOA
Community
- Subdivision: TOTTERDALE ADD
HOA
- Has HOA: No
- Amenities included: None
Location
- Region: Delray Beach
Financial & listing details
- Price per square foot: $831/sqft
- Tax assessed value: $928,200
- Annual tax amount: $5,574
- Date on market: 7/11/2024
- Cumulative days on market: 3 days
- Listing terms: Cash,Conventional,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2024 | Sold | $1,077,995-6.3%$831/sqft |
Source:  BeachesMLS #R11003298 Report a problem | ||
| 7/18/2024 | Pending sale | $1,150,000$887/sqft |
Source: BeachesMLS #RX-11003298 Report a problem | ||
| 7/11/2024 | Listed for sale | $1,150,000$887/sqft |
Source: BeachesMLS #RX-11003298 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,273 +210.6% | $928,200 +179.9% |
| 2024 | $5,562 -0.2% | $331,579 +3% |
| 2023 | $5,574 +0.9% | $321,921 +3% |
| 2022 | $5,522 -0.1% | $312,545 +3% |
| 2021 | $5,525 +0.8% | $303,442 +1.4% |
| 2020 | $5,484 +1.4% | $299,252 +2.3% |
| 2019 | $5,408 | $292,524 +1.9% |
| 2018 | $5,408 +4.5% | $287,070 +2.1% |
| 2017 | $5,176 +0.4% | $281,166 +2.1% |
| 2016 | $5,154 -0.4% | $275,383 +0.7% |
| 2015 | $5,175 -3.1% | $273,469 +0.8% |
| 2014 | $5,343 -25.9% | $271,299 -13.1% |
| 2013 | $7,205 +35.9% | $312,350 +18.8% |
| 2012 | $5,303 +176.8% | $262,822 +132.2% |
| 2011 | $1,916 +2% | $113,195 +1.5% |
| 2010 | $1,879 +7.2% | $111,522 +2.7% |
| 2009 | $1,753 +10% | $108,590 +0.1% |
| 2008 | $1,593 -11.5% | $108,482 +3% |
| 2007 | $1,800 -5.3% | $105,322 +2.5% |
| 2006 | $1,901 | $102,753 +3% |
| 2005 | -- | $99,760 +3% |
| 2004 | $1,069 +576.3% | $96,854 +1.9% |
| 2003 | $158 -91.2% | $95,048 +2.4% |
| 2002 | $1,791 +0.9% | $92,820 +1.6% |
| 2001 | $1,774 +4.9% | $91,358 +3% |
| 2000 | $1,692 +16.2% | $88,697 -19.2% |
| 1999 | $1,456 | $109,735 |
Find assessor info on the county website
Neighborhood: Lake Ida Park
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Nearby schools
GreatSchools rating
- 7/10Plumosa School Of The ArtsGrades: PK-8Distance: 0.7 mi
- 5/10Atlantic High SchoolGrades: 9-12Distance: 1.8 mi
- 3/10Carver Middle SchoolGrades: 6-8Distance: 2.6 mi
Schools provided by the listing agent
- Elementary: Plumosa School of the Arts K-8
- High: Atlantic
Source: BeachesMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$2,038,100
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Estimated market value
$2,038,100
- Florida
- Palm Beach County
- Delray Beach
- 33444
- Lake Ida Park
- 501 Lake Drive
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Nearby neighborhoods
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