by Global Lifestyle Properties

Check Availability
$3,895,000
● House - For Sale

501 Lake Drive

Delray Beach, FL 33444
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,119 Ft²
$20,565
Est. Monthly

About This Property

Tucked away in the sought-after Lake Ida neighborhood, this brand-new luxury estate ranch offers unparalleled elegance and modern design. Spanning an open-concept layout with vaulted ceilings in the living and dining areas, the home features 3 spacious bedrooms, a dedicated office, and 4.5 pristine bathrooms. At its heart is a chef's kitchen equipped with a large central island and walk-in pantry, perfect for entertaining. The property will extend into a tranquil backyard retreat, complete with an inviting pool, spa, and professional-grade outdoor kitchen. Offering 2 car garage and golf cart parking. This masterfully crafted residence is expected to be completed in April 2027.  Photos are artist renderings and are subject to change. 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 companies 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. "No payments made until title passes" 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. Information published or otherwise provided by seller, listing company or its representatives is deemed reliable but are not guaranteed and subject to errors, omissions, or changes without notice. Copyright 2026 by the listing company. All Rights Reserved.
Unit Size
3,119 Ft²
Days on Market
32 days
Land Size
0.22 acres
Price per sqft
$1,249
Property Type
House
Property Taxes
$1,440
HOA Dues
-
Year Built
1971

Listed By

Jerilyn M Walter
Premier Estate Properties, Inc
Jaime Smith
Premier Estate Properties, Inc

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Last updated: 30 days ago (Beaches MLS #B26065970)

Price History

Date / Event Date Event Price
Aug 19, 2026 Listed by Premier Estate Properties, Inc $3,895,000
Listed by Premier Estate Properties, Inc
Aug 13, 2024 Sold
Sold
Jul 11, 2024 Listed by RE/MAX Direct $1,150,000
Listed by RE/MAX Direct
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.

Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage, Garage Door Opener
Garage Spaces: 2
Open Parking Spaces: 4
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: High Ceilings, Kitchen Island, Pantry, Walk-In Closet(s), MainLevelPrimary, SplitBedrooms, SeparateShower
Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Freezer, Disposal, Microwave, Oven, Refrigerator, Water Heater, Washer
Flooring Type: Tile, Wood
Laundry Features: Inside, Laundry Room
Exterior Details
Square Footage: 3119
Square Footage Source: $0
Property Condition: New Construction
Architectural Style: Ranch
Year Built: 2027
Waterfront Features: None
Building Area Total: 3749
Levels: One
Construction Materials: Block
Patio and Porch Features: Covered, Patio
Pool Features: Heated, In Ground, Salt Water
Pool is Private
Lot Features: SprinklersAutomatic, SprinklerSystem, LessThanQuarterAcre
Lot Size Area: 9583.2
Lot Size Units: Square Feet
Lot Size Acres: 0.22
Lot Size Square Feet: 9583.2
Water Source: Public
Financial Details
Tax Annual Amount: $17,274
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s), Electric
Heating Type: Central, Electric
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 6
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 464
  • Parking Space Count: 2
  • Patio Type: 14
  • Porch Type: 4
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,374
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,161
  • Gross Building Area: 2,161
  • Building Area: 1,297
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,297
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOTTERDALE ADD
  • Land Acres: 0000000215
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: TOTTERDALE ADD LOT 4 BLK 4

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 006602

Zoning

  • Zoning: R-1-AA

Geography

  • Assessors Map Reference: 336
  • Parcel: 12-43-46-08-20-004-0040
  • Block: 4
  • Lot: 4
  • Meridian: SEC 08 TWN 46S RNG 43E
  • Municipality: DELRAY BEACH
  • Latitude: 26.4819
  • Longitude: -80.0783

    Address

  • Full Address: 501 Lake Dr
  • Address - House Number: 501
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Delray Beach
  • Carrier Code: C009
  • 4-Digit Zip Code: 3041
  • Zip Code: 33444

Valuation

    Tax

  • Total Area: 1,636
  • Tax Year: 2023
  • Tax Amount: $557,470
  • Tax Rate Code Area: 12984

    Appraisal Valuation

  • Standard Deviation: 0.1816
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 1,201,543
  • High Value: 1,419,856
  • Low Value: 983,230

    Market Valuation

  • Market Total Value: $969,837
  • Market Land Value: $717,420
  • Market Improvement Value: $252,417

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $321,921

    Exemptions

  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Totterdale


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Frequently Asked Questions

When was property at 501 Lake Drive built and last sold?
The property at 501 Lake Drive was built in 1971 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 501 Lake Drive is $3,893,851.
What are some comparable homes to 501 Lake Drive?
There are currently no comparable homes to 501 Lake Drive.