1508 Lake Drive, Delray Beach, FL, 33444 | $7,995,000

One of Lake Ida's most commanding direct waterfront properties. Newly custom-built in 2019, this stunning property offers move-in ready perfection. Open and sun-filled spaces featuring high ceilings with expansive impact glass doors and windows. Situated on approximately one-half acre with 100 feet of waterfront on beautiful Lake Ida. Pristine tile floors downstairs and real hardwood upstairs. Custom Chef's kitchen with modern Leicht, one-touch cabinetry, Sub-Zero and Wolf appliances. Metal roof. Covered back patio with an inlaid wood ceiling and a summer kitchen. Resort-style heated pool and spa. Boat dock. Lushly landscaped yard. Whole house Generac generator on city natural gas. Just minutes from the shops and restaurants of Downtown Delray and the white sand beach. A Floridian dream! Leicht cabinetry throughout the house. Induction cooktop. Miele dishwasher. Two outdoor showers. Laundry rooms upstairs and downstairs. Office. Flex room/gym. Family room/den/loft. Covered upstairs balcony overlooking the lake with breathtaking views and spectacular sunsets. Three Lenox air conditioning units. New pool heater. Poolside outdoor air conditioned cabana bathroom. Incredible property for entertaining and relaxing. Enjoy fishing, wake surfing, waterskiing and waver running on Lake Ida. Play tennis and pickleball at the Delray Tennis Center. First class living with non-stop fun.

Features

  • Rooms: 12
  • Bedrooms: 4
  • Baths: 4 full / 2 half
  • Lot Size: 100 x 150
  • Laundry: Inside, Laundry Room, Multiple Locations, Sink
  • Style: Contemporary
  • Development: Lake Ida
  • Year Built: 2019
  • Garage: 2-car Attached
  • Heating: Central, Electric, Zoned
  • Cooling: Central Air, Electric, Humidity Control, Zoned
  • Approx Sq. Feet: 4,469
  • Acreage: 0.34
  • Lot Size: 100 x 150
  • Est. Taxes: $44,586
  • Lot Desc: Interior Lot, Landscaped
  • View: Water, Lake
  • Water Front: Yes
  • Boat Service: Boathouse, Private Dock
  • Elem. School: Plumosa School of the Arts K-8
  • High School: Atlantic
  • Pool: Fenced, Gas Heat, Heated, In Ground, Pool/Spa Combo, Salt Water, Concrete, Equipment Included, Private
  • Pet Policy: Yes, No Restrictions
  • Appliances: Gas Water Heater, Cooktop, Dryer, Disposal, Dishwasher, Microwave, Oven, Refrigerator, Water Heater, Washer, Electric Cooktop
  • MLS#: B26042985
  • Website: https://www.raveis.com
    /eprop/B26042985/1508lakedrive_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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Our Insurance Division:

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1508 Lake Drive, Delray Beach, FL, 33444

$7,995,000

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 $6,396,000 $6,396,000 $6,396,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.000% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.228% 6.086% 6.183%
Monthly Tax Payment $3,716 $3,716 $3,716
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $37,325 $38,347 $53,973
Total Monthly Payment $41,166 $42,188 $57,814

* 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.