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Bean Group
Offered at $1,295,000Active
beds
3
baths
2
sq ft
1,900
Built
1955

740 S LAKE Avenue

Delray Beach, FL 33483

About this home

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. DISCLOSURE: All images and visual materials associated with this property, including AI generated images, virtually staged photos, edited images, artist conceptual renderings, maps, site plans, floor plans, and other graphics, are provided solely for illustrative purposes. These representations may not accurately reflect current conditions and are subject to change without notice. No representations or warranties are made regarding the accuracy or completeness of these visual materials. Buyers should not rely solely on these materials and are responsible for independently verifying all property details.

Listing last checked: Listing updated:

Listed by Michael Patrick O'Connor, Nicholas Paul Malinosky · Douglas Elliman · MLS #B26080087

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Details at a glance

Interior4 property facts
Rooms
3
Heating
Other
Cooling
Central Air
Flooring
Other
Building5 property facts
Style
Single Family Residence
Year built
1955
Garage
1
Parking
5
Roof
Metal
Land & utilities4 property facts
Lot size
0.17 acres
Water
Public
Sewer
Public Sewer
Zoning
RL (city)
Financial2 property facts
Annual taxes
$5,469
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $1,295,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$7,004 / monthAdjust
Principal & interest
$6,548
Property tax
$456
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $5,469. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

Price and status timeline

  1. Lsd

    $2,500 · Sold $2,500 · Nov 7, 2023

More property insights

Comparable properties 3 supplied

Sold Aug 28, 2026

$1,375,000

1140 Lake Clarke Drive

Sold Aug 13, 2026

$1,350,000

4603 S Olive Avenue

Sold Aug 17, 2026

$1,375,000

201 SE 11th Street

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About 740 S LAKE Avenue

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Request a tour of 740 S LAKE Avenue and a Bean Group agent will help coordinate an available time with the listing side.

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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

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Availability varies by property and source. Request the documents you need and we will help obtain what is available.