1117 Lake Drive, Delray Beach, FL, 33444 | $4,700,000

Sprawling single-story home in the desirable Lake Ida neighborhood of Delray Beach; impeccably renovated with utmost attention to every detail, showcasing beautiful stretching views of Lakeview Park and Lake Ida! A wide circular drive and 2-car garage provide ample parking for family and guests upon arrival. Resort-like living is optimized with lovely landscaped grounds and a wonderful large private fenced yard with an oversized heated saltwater pool, spa and sun shelf for outdoor enjoyment. Walls of glass invite generous natural light into the home and create a seamless indoor-outdoor experience for living and entertaining. Originally designed and built in 1953 by prominent Delray architect Sam Ogren, Jr. , this 5 bedroom 3. 1 bath gem was completely gutted and rebuilt, like new in 2018. This gorgeous home was literally redone from top to bottom with 400 tons of cement poured for the new foundation, walls and leveling of the floors. The list of refinements are far too many to list. All new electric was installed with safe and durable underground power lines, high-end programmable switches, dimmable recessed lighting, a 6-camera monitoring system, the list goes on. A direct gas line was also run to efficiently power the washer/dryer, tank-less water heater, Wolf stove, spa heater, and whole-house generator that provides backup power should an outage occur. A Doorbird entry system with front door camera and remote unlocking, smart features like wall-mounted iPads to control various systems and pool equipment, a remote-operated gas fireplace in the living area, 3-zone AC with Nest programmable thermostats and more make this home extremely comfortable and state-of-the-art. On to the more glamorous upgrades, beautiful Brazilian Pecan engineered wood floors spill throughout, enriching the ambience of the expansive open-concept layout. The chef's kitchen is a custom work of art with sleek cabinetry, decorative tile backsplash, an enormous prep, storage and dining island, and premium Wolf and Sub-Zero appliances with an 18" wine fridge. The luxurious master bath is graced by top-of-the-line appointments with a dual-head rain shower and steam mist operator with a scented oil reservoir for a spa experience. For the car lover, the two car garage is customized for to allow for lifts in the future to accommodate 4 cars. The location is superior, near blissful sandy beaches and vibrant downtown Atlantic Avenue. A convenient park across the street has walking trails, a boat launch and children's playground. *Home is currently rented and may be difficult to show. * The information published and provided including but not limited to prices, measurements, square footages, lot sizes, features, finishes, and calculations are subject to errors, omissions or changes without notice. All such information should be independently verified. All parties should perform their own due diligence to verify all information.

Features

  • Amenities: None
  • Rooms: 10
  • Bedrooms: 5
  • Baths: 3 full / 1 half
  • Lot Size: 100.0 ft x 142.0 ft
  • Laundry: Inside
  • Style: Colonial
  • Year Built: 1953
  • Garage: 2-car Attached
  • Heating: Central
  • Cooling: Central Air, Electric
  • Approx Sq. Feet: 3,466
  • Acreage: 0.33
  • Lot Size: 100.0 ft x 142.0 ft
  • Est. Taxes: $47,562
  • View: Garden, Lake
  • Water Front: Yes
  • Pool: In Ground, Salt Water
  • Pet Policy: Yes, No Restrictions
  • Appliances: Gas Water Heater, Dryer, Dishwasher, Electric Range, Microwave, Oven, Refrigerator, Water Heater, Washer
  • MLS#: R11160493
  • Website: https://www.raveis.com
    /eprop/R11160493/1117lakedrive_delraybeach_fl?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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1117 Lake Drive, Delray Beach, FL, 33444

$4,700,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,760,000 $3,760,000 $3,760,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.000% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.362% 6.361% 6.183%
Monthly Tax Payment $3,964 $3,964 $3,964
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $22,543 $23,151 $31,729
Total Monthly Payment $26,632 $27,240 $35,818

* 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.