A unique opportunity in one of Delray Beach's most desirable residential enclaves, just north of Atlantic Avenue. Situated on a deep lot, 740 S Lake Avenue offers exceptional flexibility for an owner, investor or future developer. The surrounding neighborhood has transformed with luxury new construction residences selling for over $3 million. The property features two existing structures, providing the opportunity to utilize or rent the residences while designing plans for the future. Alternatively, enjoy the property as-is and develop over time. With the potential to build a new residence of more than 4,000 square feet, this presents an entry point into a neighborhood defined by multimillion-dollar new construction homes, all within minutes of downtown Atlantic Avenue, and the ocean.
740 S LAKE Avenue
Delray Beach, FL 33483
HIGHLIGHTS
Price
$1,295,000
Status
Active
Year Built
1955
Bedrooms
3
Bathrooms
2
Garages
1
Living Sq Ft
1,900
Total Sq Ft
1,900
MLS Number
B26080087
SANCTUARY
Property Details
Interior
Interior Features
Other
Flooring
Other
Rooms
Kitchen, Living Room, Master Bedroom
Master Bedroom & Bath
Other
Exterior
Private Pool
No
Waterfront
No
Dwelling & Lot
Stories
1
Utilities
Electricity Available, Water Available
Legal Description
LA HACIENDA DELRAY LT 17 & 8 FT ABND ALLEY LYG S OF & ADJ TO~ BLK E
Lot Sq Ft
7,405
Front Exposure
North
Community
Subdivision
LA HACIENDA DELRAY
Taxes
$5,469.02
Security
Security Patrol
Pets Allowed
Yes
Listing Courtesty of Exclusive Group, Michael Patrick O'Connor at Douglas Elliman
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