NOT LISTED FOR SALE

Estimated Value: $4,596,000 - $5,434,000

5 Beds
4.5 Baths
4,458 Sq Ft
$1,130/Sq Ft Est. Value

Last Sold January 12, 2024

Last sale price $5,999,999 $1,346 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $31,851/month

100 Days on Market

Highlights

  • Lake Front
  • Saltwater Pool
  • Loft
  • New Construction
  • Wood Flooring
  • Great Room

About This Home

As of January 2024

From panoramic lake views and a private beachfront to the impeccable craftsmanship that permeates every facet of its composition, the waterfront estate at 1524 Lake Drive blends every aspect of South Florida luxury to create an idyllic residence without equal. Comprising 4,987 total sq ft., this gorgeous two-story new construction from Marc Julien Homes has been engineered to the specifications of ideal South Florida living, from its impeccable location down to the smallest discernible details. Nestled on a rare north-facing corner lot with sweeping views of Lake Ida in one of Delray Beach's most alluring neighborhoods, this home integrates all the comforts of a contemporary residence without sacrificing the organic splendor of waterfront living in South Florida.

Last Agent to Sell the Property

Jennifer Kilpatrick

The Corcoran Group License #3243987 Listed on: 09/29/2023

The Corcoran Group

Last Buyer's Agent

Jennifer Kilpatrick

The Corcoran Group License #3243987 Listed on: 09/29/2023

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,558

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 0.36 Acre Lot
  • Lake Front
  • Property is zoned R-1-AA

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Interior Spaces

  • 4,458 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Great Room
  • Combination Dining and Living Room
  • Den
  • Loft
  • Wood Flooring
  • Lake Views
  • Home Security System

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer

Pool

  • Saltwater Pool
  • Heated Spa
  • In Ground Spa

Additional Features

  • Patio
  • Forced Air Zoned Heating and Cooling System

Community Details

  • Totterdale Add Subdivision, Marc Julien Homes Floorplan

Listing and Financial Details

  • Assessor Parcel Number 12434608200040110

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,558

Year Built

Built in 2024 | New Construction

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Atlantic Avenue north on Swinton to NW 16th Street, take left on NW 16th Street which will turn into Lake Drive. Follow street until bend in road, house on the right. Pull in Drive.
  • Year Built: 2024
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Dual Sinks, Entrance Foyer, Living/Dining Room, Pantry, Separate Shower, Loft
  • Private Spa: Yes
  • Furnished: Unfurnished
  • Spa Features: Heated, In Ground
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Refrigerator
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Wood
  • Living Area: 4458.0
  • Dining Room Type: Den, Great Room, Laundry, Loft
  • Stories: 2

Exterior Features

  • Exterior Features: Patio
  • View: Lake
  • Pool Features: Heated, Pool, Salt Water
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: New Construction

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Security: Security System
  • Cooling: Central Air, Electric, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Electric, Zoned
  • Heating Yn: Yes
  • Utilities: Electricity Available, Natural Gas Available

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 12434608200040110
  • Lot Size: 1/4 to 1/2 Acre
  • Lot Size Sq Ft: 15657.0
  • Zoning Description: R-1-AA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 23558.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2023
Closed on
Jan 8, 2024
Sold by
Build Lake Drive Llc
Bought by
Sergot Brent T and Sergot Joanna M
Seller's Agent
Jennifer Kilpatrick
The Corcoran Group
Buyer's Agent
Jennifer Kilpatrick
The Corcoran Group
List Price
$6,500,000
Sold Price
$5,999,999
Premium/Discount to List
-$500,001
-7.69%
Views
141
Current Estimated Value
$5,038,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$961,629
Avg. Annual Appreciation
-9.75%
Original Mortgage
$4,025,000
Outstanding Balance
$3,954,845
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$1,126,322

Purchase Details

Closed on
May 6, 2022
Sold by
Bomo Development Llc
Bought by
Build Lake Drive Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,315,000
Interest Rate
5.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2021
Sold by
Bomo Development Llc
Bought by
Ashoo Hamiton and Ashoo Toni

Purchase Details

Closed on
Jun 11, 2021
Sold by
Gomez Alejandro
Bought by
Lake Ida Holdings One Llc

Purchase Details

Closed on
Mar 25, 2008
Sold by
Carlson James B and Carlson Helen Kaye
Bought by
Carlson James and Carlson Kaye
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sergot Brent T $6,000,201 Register Settlement Services
Sergot Brent T $6,000,201 Register Settlement Services
Build Lake Drive Llc -- Coolidge Camille
Ashoo Hamiton $1,700,000 Crystal T&E Co Inc
2016 Amended And Restated Ashoo Living Trust $1,700,000 Crystal Title & Escrow
Bomo Development Llc $3,100,000 Crystal T&E Co Inc
Bomo Development Llc $3,100,000 Crystal Title & Escrow
Lake Ida Holdings One Llc -- Attorney
Lake Ida Holdings One Llc -- None Listed On Document
Carlson James -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sergot Brent T $395,000
Open Sergot Brent T $4,025,000
Closed Sergot Brent T $4,025,000
Previous Owner Build Lake Drive Llc $3,100,000
Previous Owner Build Lake Drive Llc $3,315,000
Previous Owner Carlson James B $1,499,000
Previous Owner Carlson James B $300,000
Previous Owner Carlson James B $918,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2024 01/12/24 Sold $5,999,999 -7.7% $1,346 / Sq Ft
01/08/2024 01/08/24 Pending -- -- --
09/29/2023 09/29/23 For Sale $6,500,000 -- $1,458 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $53,424 $2,909,600 -- --
2023 $23,537 $1,230,715 $1,229,800 $915
2022 $19,870 $1,017,330 $0 $0
2021 $13,025 $675,268 $0 $0
2020 $12,945 $665,945 $0 $0
2019 $12,782 $650,973 $0 $0
2018 $12,259 $638,835 $0 $0
2017 $12,232 $625,695 $0 $0
2016 $12,309 $612,826 $0 $0
2015 $12,640 $608,566 $0 $0
2014 $12,724 $603,736 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10923374

BeachesMLS

APN: 12-43-46-08-20-004-0110