1440 Lake Drive
About This Property
1440 Lake Drive, Delray Beach, Florida: Minutes from the beach and vibrant downtown Delray Beach, the desirable Lake Ida neighborhood is a peaceful oasis centered on a picturesque lake offering boating, fishing, and access to South Florida's chain of lakes. There are two lakefront parks, one home to the Delray Beach Playhouse.
PROPERTY:
A great property for relaxation, lounging, and fun in the sun, with a heated pool and patio set within a large tropically landscaped grass-carpeted back yard, residents enjoy the best of outdoor living, along with great sunset views and opportunities for water play. With 85 feet of lakefront, its floating dock can accommodate WaveRunners or a small boat.
RESIDENCE:
An exceptional opportunity to lay claim to a very special tropical paradise, this chic residence offers a stunning South Florida architectural style on a beautifully landscaped lakefront parcel of land, as well as environmentally friendly amenities. A captivating combination sure to please, with a decidedly Florida-Contemporary flair and easy-going as well as elegant ambience, this four-bedroom residence, with 4847 +/- total square feet, is organized around an open-floorplan that optimizes sunset lake views from every major room. Creatively reimagined with a three-year renovation just completed, details include a new metal roof, wide-planked wood flooring throughout, first-floor automatic shades, new laundry room and a brilliant split-bedroom layout that places the primary suite presiding over the entire second floor. Environmentally friendly amenities include a solar system that eliminates a monthly electric bill, a Tesla Power Wall providing backup power to the house, full-house water treatment system and impact windows and doors throughout. One large, light, bright space with walls of glass windows and doors, the living area, featuring a natural-burning fireplace and peaked ceiling, the dining area, and family room flow fluidly around a wonderful gourmet kitchen, which is positioned perfectly for easy family living and gracious entertaining. Centered around a huge island with pull-up seating for six, the kitchen is at the residence's very heart, fitted with custom wood cabinets, granite counters, and professional-grade appliances. Also on the first floor are three guest-bedroom suites, and offering a more contemplative space, the library/office, which also offers views of the lake and pool, is just off the main living area. Presiding over the entire second floor, the primary suite, a private haven, is arranged around a huge bedroom with a sitting area, crowned by a peaked ceiling and opening to a large balcony overlooking the pool and the lake. The suite also comprises a huge custom-fitted walk-in closet and a deluxe ensuite tiled bathroom with dual sinks, bidet, walk-in shower and soaking tub. Completing the layout are a half-bath, laundry and an attached two-car garage.
DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to listing company and may be listed or have sold with other members of the Multiple Listing Service. Transactions where listing company represented both buyers and sellers are calculated as two sales. The listing company's marketplace is all of the following: Vero Beach, Town of Orchid, Indian River Shores, Town of Palm Beach, West Palm Beach, Manalapan Beach, Point Manalapan, Hypoluxo Island, Ocean Ridge, Gulf Stream, Delray Beach, Highland Beach, Boca Raton, East Deerfield Beach, Hillsboro Beach, Hillsboro Shores, East Pompano Beach, Lighthouse Point, Sea Ranch Lakes and Fort Lauderdale. Cooperating brokers are advised that in the event of a Buyer default, no financial compensation will be paid to a cooperating Broker on the Deposits retained by the Seller. No financial compensation will be paid to any cooperating broker until title passes or upon actual commencement of a lease. Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Copyright 2022 by the listing company. All Rights Reserved.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 28, 2022 | Sold | ||
| Sold | |||
| Aug 24, 2022 | Listed by Premier Estate Properties, Inc | $4,395,000 | |
| Listed by Premier Estate Properties, Inc | |||
| Jun 14, 2018 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed by Premier Estate Properties, Inc | $1,800,000 | |
| Listed by Premier Estate Properties, Inc | |||
| Apr 28, 2008 | Sold | ||
| Sold | |||
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About Totterdale
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017