Lakes Of Delray Homes for Sale

Lakes Of Delray 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 $111,777 to $282,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Lakes Of Delray 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 Lakes Of Delray 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 20 Lakes Of Delray Delray Beach homes for sale as of October 2026. The median asking price is $219,000. Asking prices run from $129,000 to $325,000.

That is 23% below the Delray Beach median of $285,000. On a per-foot basis, homes here ask about $180 per square foot, compared with $237 across Delray Beach. So the median price buys roughly 1,200 square feet of living area.

Listings here have averaged 159 days on the market. That is slower than the Delray Beach average of 113 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Lakes Of Delray date from 1985 to 1992. That puts them between 34 and 41 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.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Lakes Of Delray is a gated community. Therefore, expect to register visitors and contractors with the gate before each visit.

Lakes Of Delray 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.

Lakes Of Delray is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in Lakes Of Delray have a median asking rent of $2,350 per month, across 4 active rental listings. For comparison, the Delray Beach median is $2,650, so rents here run 11% lower.

For investors, those medians imply a gross yield near 12.9% 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 Lakes Of Delray home.

Here is what the median Lakes Of Delray price means in Florida closing terms. At $219,000, a 20% down payment comes to about $44,000, leaving a loan near $175,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $613. Next, the intangible tax of 0.2% adds about $350. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Lakes Of Delray median, that is about $1,533.

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 Lakes Of Delray listings show assignments to Orchard View (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.