Floral Lakes 1
Homes for Sale in Delray Beach, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Floral Lakes 1 is a small, older collection of condominiums in Delray Beach trading at a median of $339,000—accessible for Palm Beach County, but within a category that has seen steady compression. The median price per square foot sits at $241, which reflects the age and condition of the stock more than the city itself. Homes are moving, but not quickly: median time on market is 66 days, and closings over the past rolling window have been thin.
The year-over-year decline of 3.4 percent and a market heat score of 20 tell the same story: this is a buyer's market with negotiating room. Sellers who price to condition and comp discipline will move inventory; those testing the ceiling will sit. For buyers, it's a straightforward value proposition in a sought-after city, provided you understand what you're buying and budget for what comes next.
Floral Lakes 1 right now
🟡 Off the recent peak. The trailing-12-month median ($339K) is down 3.4% from the prior 12 months ($351K). With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Beaches MLS closed sales, 12-month windows ending July 15. Confidence: Medium (15 and 12 sales in the two windows).
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Updated July 15, 2026 · Live data: Beaches MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Floral Lakes 1 market snapshot (as of July 15, 2026): the median sale price is about $339K ($241 per sq ft over the trailing 12 months of closed sales), and a median 66 days on market for closed sales. The trailing-12-month median is down 3% from the prior 12 months, computed from record-level Beaches MLS closed sales (15 closings in the current window).
Floral Lakes 1 is an older condominium community in Delray Beach where the median sale price of $339,000 and 66-day marketing time reflect a buyer-friendly posture and the realities of aging housing stock in a high-demand coastal city.
Who Floral Lakes 1 is best for.
Best for
- Budget-conscious buyers seeking entry into Delray Beach who can evaluate older condos critically and budget for updates or assessments.
- Investors targeting long-term holds in a desirable city, willing to buy below replacement cost and manage tenant expectations around age and amenities.
- Downsizers or second-home buyers prioritizing location and walkability over building age, finishes, or shared facilities.
Probably not for
- Buyers expecting modern finishes, updated common areas, or resort-style amenities without significant renovation or HOA investment.
- First-time condo buyers unfamiliar with HOA financials, reserve studies, or the implications of deferred building maintenance.
- Anyone seeking a liquid, rapidly appreciating asset or a plug-and-play property with minimal post-close obligations.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 15 of each year, from record-level Beaches MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($339K) IS the median in the snapshot above, and the move from 2025 ($351K) IS the -3.4% one-year change.
Windows contain 0 to 19 sales each (15 in the current window); every figure carries its sample size, and thin markets swing on single closings. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. Deemed reliable but not guaranteed.
The Floral Lakes 1 buying strategy.
If we were buying in Floral Lakes 1 today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Floral Lakes 1.
What the numbers mean right now
The median close is $339,000, and the median price per square foot is $241. Those figures land Floral Lakes 1 in the more attainable tier of Palm Beach County's condo market, but they also reflect the age and condition of the units. This is not new construction, and it is not a renovated boutique property—it's older residential product in a city where location and walkability command premiums that these buildings do not fully capture.
Homes are taking a median of 66 days to sell, more than twice the velocity you see in hotter micro-markets. The trailing year-over-year change is negative 3.4 percent, and recent closings have been light. The market heat score of 20 confirms what those numbers suggest: competition is low, inventory is moving slowly, and buyers have room to negotiate on price, inspection requests, and closing concessions.
There are no community amenities flagged in current listings—no pool, no clubhouse, no notable shared facilities. What you are buying is the unit itself and proximity to central Delray Beach. For some buyers, that is enough. For others, the lack of resort-style features and the condition premium required will be dealbreakers. This is a market where due diligence on the HOA's reserves, pending assessments, and deferred maintenance is not optional.
The location and the amenities are priced into every listing in Floral Lakes 1. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Floral Lakes 1 sits in a price band and condition category where bad buys happen when agents skip the hard questions. We pull HOA financials, flag deferred capex, comp your offer against closed-not-listed inventory, and negotiate from the assumption that you will walk if the deal doesn't pencil. In a slow market with light competition, that discipline is the difference between a sound acquisition and a regrettable one.
Floral Lakes 1 in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Floral Lakes 1 buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Floral Lakes 1 sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Floral Lakes 1, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Floral Lakes 1 home worth?
Get a no-obligation home value based on real comparable sales in Floral Lakes 1, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in Floral Lakes 1 on the map →
Frequently Asked Questions
What is the median home price in Floral Lakes 1?
How long do homes in Floral Lakes 1 take to sell?
Who is the best real estate agent for Floral Lakes 1?
How do I find a top Delray Beach real estate agent who knows Floral Lakes 1?
Can Momentum Realty connect me with an agent for Floral Lakes 1?
Should you buy in Floral Lakes 1?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Beaches MLS closed sales, 12-month windows ending July 15, 2026 |
| Under-contract shares | Beaches MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2013 (134 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Beaches MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Beaches MLS member average and 8 days faster, and we’ll price yours against live your area comps.
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