Coco Wood Lakes Homes for Sale

Coco Wood Lakes Sec 1 is an age-restricted 55+ community in Delray Beach, Palm Beach County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $489,900 to $574,500. At least one resident per home must be 55 or older. Pure Equity lists homes in Coco Wood Lakes and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Coco Wood Lakes and the Delray Beach area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 3 Coco Wood Lakes Delray Beach homes for sale as of October 2026. The median asking price is $380,000. Asking prices run from $350,000 to $400,000.

That is 33% above the Delray Beach median of $285,000. On a per-foot basis, homes here ask about $284 per square foot, compared with $237 across Delray Beach. So the median price buys roughly 1,350 square feet of living area.

Listings here have averaged 63 days on the market. That is faster than the Delray Beach average of 113 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Coco Wood Lakes date from 1978, so they are about 48 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Coco Wood Lakes includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

Rentals in Coco Wood Lakes have a median asking rent of $3,575 per month, across 4 active rental listings. For comparison, the Delray Beach median is $2,650, so rents here run 35% higher.

For investors, those medians imply a gross yield near 11.3% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Delray Beach rentals or ask us for a rent estimate on a specific Coco Wood Lakes home.

Here is what the median Coco Wood Lakes price means in Florida closing terms. At $380,000, a 20% down payment comes to about $76,000, leaving a loan near $304,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,064. Next, the intangible tax of 0.2% adds about $608. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Coco Wood Lakes median, that is about $2,660.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Coco Wood Lakes listings show assignments to Hagen Road (elementary), Carver Community (middle) and Spanish River (high). However, boundaries can change each year, so confirm the assignment for a specific address with the School District of Palm Beach County.