501 Eldorado Lane, Delray Beach, FL, 33444 | $3,350,000

Custom Lake Ida residence, built in 2020, offers privacy at the end of cul-de-sac. Sunlit streamlined interiors showcase a pleasing white-on-white color palette complemented by pale wood-plank flooring and volume ceilings. The open-concept floor plan creates an effortless flow, with all major rooms opening to the lush tropically landscaped pool patio and fully-equipped outdoor kitchen 510 Eldorado Lane, Delray Beach, Florida: Lush green parklands and scenic picnic areas are only part of Lake Ida's appeal. This coveted neighborhood also enjoys easy access to canoeing, kayaking, freshwater fishing; the highly acclaimed Delray Beach Playhouse; Delray Beach's historic downtown district, with an eclectic array of boutiques and bistros along vibrant Atlantic Avenue; and pristine Atlantic Ocean beaches just minutes away. PROPERTY: Secluded at the end of a cul-de-sac, this contemporary haven offers both privacy and a refined sense of place. In the lushly landscaped walled backyard oasis, the sun-splashed pool is set within a stone-paver patio, while enhancing opportunities for outdoor living, the fully equipped summer kitchen, with a grill and a refrigerator, invites alfresco gatherings. RESIDENCE: This coastal modern-style gem, built in 2020 by Bella Homes, exemplifies serene sophistication in a lushly landscaped private setting. Tucked within Delray Beach's coveted Lake Ida enclave, the residence conveys a refined sense of contemporary calm, where light, texture and design come together in perfect balance. Inside, with five bedrooms and 4, 383± total square feet, sunlit streamlined interiors showcase a pleasing white-on-white color palette complemented by pale wood-plank flooring and volume ceilings. The open-concept floor plan creates an effortless flow, with all major rooms opening to the lush tropically landscaped pool patio, engendering an ideal environment for indoor/outdoor entertaining as well as formal and casual living. The elegant reception room introduces the chic great room's living and dining areas that blend seamlessly with the chef's kitchen, all oriented to pool views. Combining artistry and utility, the chef's kitchen is fitted with stainless-steel professional-grade appliances, custom contemporary cabinetry - with some illuminated and fronted by glass doors for display -- and a handsome work island accented by a driftwood countertop extension that serves as a casual breakfast bar. The first-floor primary suite, a tranquil retreat, also opens to the pool area, and its spa-like bathroom is finished with a double sinks, a stand-alone soaking tub, a glass-enclosed walk-in shower and separate water closet. Completing the first-floor layout are two garden-view guest bedroom suites with one currently repurposed as an office, a cabana-bathroom, laundry room and two-car garage. Upstairs, the loft lounge connects two beautifully appointed guest bedroom suites, creating an ideal haven for visitors. Enhanced by thoughtful details, including a metal roof and decorative tilework in the bathrooms, this contemporary residence, on a beautiful parcel of land in a coveted neighborhood, captures the essence of coastal living. The information herein is deemed reliable and subject to errors, omissions or changes without notice. The information has been derived from architectural plans or county records. Buyer should verify all measurements 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. "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 2024 by the listing company. All Rights Reserved.

Features

  • Amenities: Jogging Path, Picnic Area
  • Rooms: 13
  • Bedrooms: 5
  • Baths: 5 full / 1 half
  • Laundry: Laundry Closet, Inside
  • Development: Lake Ida Neighborhood
  • Year Built: 2020
  • Garage: 2-car Attached
  • Heating: Central, Electric
  • Cooling: Central Air, Electric
  • Approx Sq. Feet: 3,520
  • Acreage: 0.31
  • Est. Taxes: $44,198
  • Lot Desc: Cul-De-Sac
  • View: Pool
  • Pool: Heated, In Ground
  • Pet Policy: Yes, No Restrictions
  • Appliances: Dryer, Disposal, Dishwasher, Gas Range, Microwave, Refrigerator, Washer
  • MLS#: RX-11141294
  • Website: https://www.raveis.com
    /eprop/RX-11141294/501eldoradolane_delraybeach_fl?source=qrflyer
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.

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NMLS Mortgage Loan Originator ID 1020051

508.740.5922

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501 Eldorado Lane, Delray Beach, FL, 33444

$3,350,000

Linda Whitcomb

Luxury Properties Specialist

William Raveis Real Estate

Phone: 508.737.4457

Linda.Whitcomb@raveis.com

Frank Merola

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 508.740.5922

Frank.Merola@raveis.com

NMLS Mortgage Loan Originator ID 1020051

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,680,000 $2,680,000 $2,680,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 5.750% 5.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.046% 5.846% 5.700%
Monthly Tax Payment $3,683 $3,683 $3,683
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $14,799 $15,640 $21,898
Total Monthly Payment $18,607 $19,448 $25,706

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.