Lakes of Delray in Delray Beach

Lakes of Delray Homes for Sale in Delray Beach, FL

55 and over condominium community · West Delray Beach · Delray Beach, ZIP 33484

A large 55 and over Lennar condominium community among lakes with a full clubhouse.

55 and overFull clubhouseLakeside condos
Live Market Pulse
52/100
Momentum
Buyer-Leaning Market
This is a large age-restricted condominium community where the association's reserves, the dues bundle, and the unit's condition drive value; read the reserves on a Florida condo.
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Unlock Off-Market Lakes of Delray

Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive BeachesMLS data14 years of closingsLocal renovation analysisUpdated twice daily
LiveMarket PulseBeachesMLS
$168K
Median Price
3.6mo
Supply
92days
Avg DOM
Soft
Seller Leverage
$147/sf
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Lakes of Delray is a large 55 and over condominium community west of downtown Delray: about 1,400 low-maintenance Lennar units built 1982 to 1994 among lakes, around a full clubhouse with satellite pools and courts. The read is the association's reserves, the dues bundle, and the unit's condition, with Florida's condo reserve rules in focus on a community of this vintage. Your leverage is reading the reserves and matching the unit to true 55 and over comps."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Lakes of Delray market snapshot (as of June 15, 2026): the median sale price is about $168K ($147 per sq ft), with homes averaging 92 days on market and 3.6 months of supply, a buyer-leaning market. Based on 40 recent closings in live BeachesMLS data.

Lakes of Delray is a large, age-restricted (55 and over) condominium community of about 1,400 units west of downtown Delray Beach, Palm Beach County (33484), built by Lennar between 1982 and 1994, set among lakes.

It centers on a main clubhouse with an exercise room, saunas, card and billiards rooms, a library, and an arts studio, with satellite amenities including two outdoor pools, six shuffleboard courts, two tennis courts, and community bus transit. Third-party sources report monthly fees roughly $593 to $648 bundling maintenance and amenities; confirm the current amount and the reserves.

The buy here is the unit and the association. Read the reserves and the unit's condition, and match it to true 55 and over comps.

Best for

  • Buyers who want a large 55 and over community with a full clubhouse
  • Buyers who value low-maintenance lakeside condo living
  • Buyers who will read the association's reserves
  • Buyers who want a west Delray location near shopping and the beach

Probably not for

  • Buyers who need an all-ages community
  • Buyers who want a single-family home or a private yard
  • Buyers who want to avoid condominium assessments
  • Buyers who want new construction with a builder warranty

How Lakes of Delray is performing right now

52/100
momentum
Buyer-Leaning Market
Seller's marketBalancedBuyer's market
3.6Months of supplytight
66Median days on marketdays
2 : 12Under contract vs for salestrong demand
40Sold in last 12 monthsliquidity
+17%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from BeachesMLS, as of June 15, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Lakes of Delray listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Lakes of Delray buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Lakes of Delray

Live MLS inventory for Lakes of Delray. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

Active and pending Lakes of Delray listings as of 2026-06-15, priced high to low. 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.. Tap any home to ask about it.

Listing locations from BeachesMLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

The takeaway

The location is the everyday-convenience case: shopping, schools, and the major roads are all a manageable drive.

Downtown Delray, Atlantic Avenue~10 min · ~3 to 4 miles
Delray Marketplace~8 min · west
Delray beaches~12 to 15 min · east
Interstate 95~8 min · nearby

Distances and drive times are approximate and vary with traffic. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Lakes of Delray Homes for Sale in Delray Beach, FL with Momentum Realty’s local guides.

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Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr
Lakes of Delray (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take
  • Palm Beach County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Confirm current ratings before relying on them
  • Private and parochial options nearby

Lakes of Delray is served by Palm Beach County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Buying with schools in mind? We can confirm the exact zoned schools for any Lakes of Delray address.

The takeaway

What is actually shaping value at Lakes of Delray: a large, amenity-rich 55 and over community in a strong west Delray market, with Florida condo reserve rules in focus. Each item is sourced and dated.

Recent Developments in Lakes of Delray

Our read on what is being built around Lakes of Delray, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishWest Delray 55 and over demand stays firm. The near-term read is reserve health under Florida's reserve rules on a community of this vintage.

Florida condo reserve rules in focus

2025
NeutralMajor impact
SignificanceRadius: Area

State reserve-study rules affect older condo budgets, so buyers should read the association's posture.

Full clubhouse and satellite amenities

Ongoing
BullishNotable impact
SignificanceRadius: Community

A full clubhouse with pools and courts is a durable draw for active-adult buyers.

Large, established 55 and over community

Ongoing
BullishNotable impact
SignificanceRadius: Community

Scale and a deep amenity package support steady demand.

West Delray location

Ongoing
BullishNotable impact
SignificanceRadius: Community

Proximity to Atlantic Avenue, Delray Marketplace, and the beach is a durable draw.

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Lakes of Delray, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

  1. 2025
    Civic

    Florida condo reserve rules affect Delray associations

    Florida's structural-integrity reserve-study rules affect condominium budgets for older associations across Delray Beach, with initial studies generally due by the end of 2025. Why it matters: Buyers in older 55 and over condo communities should read each association's reserve posture before offering. Source

Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

If we were buying in Lakes of Delray, this is the order of operations we would run, and the one we run for our clients.

1

Read the association's reserves and any assessment history, key on a community of this vintage.

2

Confirm the current fees and what they bundle for the specific unit.

3

Read the unit's condition and any updates on a 1980s to early-1990s condo.

4

Match the unit to true 55 and over comps, not the community average.

5

Confirm the age-restriction rules with the association.

Best Buy
A well-kept unit in a building with healthy reserves
Biggest Risk
Buying into a pending or underfunded assessment
Best Lot
A lake-view or quieter exposure with good light
Smart Timing
Confirm reserves and any structural-reserve study status
The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Lakes of Delray is a large, age-restricted (55 and over) condominium community of about 1,400 units west of downtown Delray Beach (33484), built by Lennar between 1982 and 1994, set among lakes. It centers on a main clubhouse with fitness, card and billiards rooms, a library, and an arts studio, plus satellite pools, shuffleboard, and tennis. Third-party sources report monthly fees roughly $593 to $648 bundling maintenance and amenities; confirm the current amount and the reserves.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

The One-Bedroom Unit
$115K to $153K

The smaller one-bedroom condos, the affordable, low-maintenance entry into a 55 and over community.

Lowest entry
The Two-Bedroom Unit
$153K to $190K

The two-bedroom condos, the core of the resale market here.

Most inventory
The Updated Lake-View Unit
$190K to $250K

Renovated units with lake views in buildings with healthy reserves, the units that move fastest.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

$115K to $153K
The One-Bedroom Unit
The smaller one-bedroom condos, the affordable, low-maintenance entry into a 55 and over community.
$153K to $190K
The Two-Bedroom Unit
The two-bedroom condos, the core of the resale market here.
$190K to $250K
The Updated Lake-View Unit
Renovated units with lake views in buildings with healthy reserves, the units that move fastest.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

15-Second Take
  • Renovation math decides the deal
  • Better lots and views resell strongest
  • Roof and HVAC age drive the insurance quote
  • Interior lots are where buyers overpay
Asking price per square foot
Renovated$194
Original$130
Median days on market
Renovated65
Original80

From current Lakes of Delray listings (renovated 10, original 4); condition inferred from listing descriptions, asking not closed figures. The exact number depends on a specific home's updates, lot, and view, which is the read we do before you offer.

Jon Brooks, Momentum Realty
Operator Note

The trap here is a beautifully staged original-condition home. Staging is cheap; a roof, HVAC, and a full modernization are not. We price the real renovation before you fall for the listing photos, because in an all-resale market that number is the difference between a deal and the most expensive house on the street.

Jon Brooks, Momentum Realty
Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

No CDD on the tax billStrong
Central Delray Beach locationStrong
Scarce golf and lake homesitesStrong
$30M club reinvestment to 2028Positive
All-resale 1990s conditionManage it

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Lakes of Delray

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Underbudgeting the carrying costs
  • Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

The clubhouse and the lakes are in every listing. The deal turns on the reserves, the dues bundle, and the unit's condition.

Jon Brooks · Founder, Momentum Realty
7.8B+ · Buy Score
Resale Strength7.8/10
Renovation Risk6.4/10
Location Efficiency8.2/10
Long-Term Defensibility7.8/10
Carrying Cost Advantage7.8/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Why our read on Lakes of Delray is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live BeachesMLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live BeachesMLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates
Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

Which Lots & Views Hold Value Best

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)
$261 value$401 premium

Fill = price per square foot; ring = by realized $/sqft per unit. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from BeachesMLS; for orientation, not an appraisal.

15-Second Take
  • Golf, lake, and preserve lots hold value best
  • Interior lots are where buyers overpay
  • The lot cannot be renovated, the house can
  • Premium homesites resell faster
  • ~3% asking premium for premium lots today

In a built-out club community, the lot is the resale insurance

The houses can be renovated, but the lot and view cannot. Golf frontage, lakefront, and preserve lots consistently command higher premiums and resell faster than interior lots backing to another home. The premium you pay for a great homesite is the discount you avoid when you sell.

The mistake is paying an estate price for a base interior lot. We help buyers spot which homesites carry real, durable premiums and which are dressed-up interiors, so your money lands where the market will give it back.

Strongest resaleGolf frontage and lakefront homesites at Lakes of Delray

Golf & lakefront lots

Open views over the course or the 26 community lakes. The scarcest, most in-demand homesites; they command the highest premiums and resell fastest.

Strong resalePreserve-backing homesites at Lakes of Delray

Preserve lots

Backing to protected preserve means privacy with no rear neighbor. A consistent favorite that holds value well above a standard interior lot.

Moderate resaleCul-de-sac and larger interior homesites at Lakes of Delray

Cul-de-sac & larger lots

Less traffic, more yard, and an easy walk to the club for some streets. A real but smaller premium that depends on the street and parcel size.

Value tierStandard interior homesites at Lakes of Delray

Standard interior lots

The most affordable way through the gates, and the best renovation value. Just do not pay a golf or lake price for one, this is where buyers most often overpay.

Relative resale strength by lot and view, illustrative of how Lakes of Delray homesites trade. The exact premium depends on the specific home, the view, and the street.

Lakes of Delray in 15 seconds.

Best forBuyers who want a large 55 and over condo community with a full clubhouse.
Biggest advantageA full clubhouse, satellite pools and courts, and lakeside living.
Biggest riskCondominium reserves and assessments on a 1980s to 1990s community.
Sweet spotA well-kept unit in a building with healthy reserves.
Avoid ifYou need an all-ages, single-family, or no-assessment home.

HOA, CDD & Fees

15-Second Take
  • Large 55 and over condominium community
  • Lennar-built, 1982 to 1994
  • Full clubhouse plus satellite pools and courts
  • Confirm reserves and any reserve study
  • West Delray near shopping and the beach

Reported roughly $593 to $648 a month, bundling maintenance and amenities (third-party reported); confirm the current amount, the reserves, and any structural-reserve study status for the specific unit.

Reported to cover building and common-area maintenance, the clubhouse and amenities, and grounds; confirm the schedule and reserve posture per unit.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Momentum listings (YTD)
97.98%
Sold-to-list ratio across our market for our agents, sellers keeping more of their price.
Market average (YTD)
96.73%
The broader metro average sold-to-list ratio over the same period.
Momentum days on market
64 days
Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.
Market days on market
72 days
The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Lakes of Delray, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Pine Ridge, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Lakes of Delray home worth?

Get a no-obligation home value based on real comparable sales in Lakes of Delray matched to your condition, lot, and view, 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 Lakes of Delray on the map →
Or get your Lakes of Delray home value & selling guide →

Real comps, not a Zestimate.

Lakes of Delray Market Scorecard

Buyer-Leaning Market

Lakes of Delray is currently a buyer-leaning market. About 3.6 months of supply, a median asking price of $194,900, and homes go under contract in about 66.5 days.

3.6
Months supply
$194,900
Median list
$167,500
Median sold
$147
Per sqft
66.5
Days on mkt
12/2/40
Active/Pend/Sold

Typical home value in the 33484 ZIP is $202,989, about 28.3% below the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Live data: BeachesMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Is Lakes of Delray a gated community?
Access arrangements vary by section here, so confirm whether a specific Lakes of Delray home is gated with the listing.
What type of homes are in Lakes of Delray?
Lakes of Delray is characterized by a large, age-restricted (55 and over) condominium community of about 1,400 low-maintenance units by Lennar, set among lakes with a full clubhouse. Confirm the specifics of any individual home with the listing.
Who built Lakes of Delray?
Lakes of Delray is associated with Lennar Homes, built 1982 to 1994, per third-party sources. Confirm the builder and year for a specific home.
Does Lakes of Delray have an HOA?
Yes. Dues are reported at reported roughly $593 to $648 a month, bundling maintenance and amenities (third-party reported). Treat that as reported and confirm the current amount and what it covers for a specific home.
Does Lakes of Delray have a CDD fee?
No CDD has been confirmed here; confirm the CDD status per unit with the listing.
What amenities does Lakes of Delray offer?
Reported amenities include a main clubhouse with an exercise room, saunas, card and billiards rooms, a library, and an arts studio, plus satellite amenities including two outdoor pools, six shuffleboard courts, two tennis courts, and community bus transit. Confirm current amenity access and any associated fees with the listing.
Where is Lakes of Delray located?
Lakes of Delray is in Delray Beach, Palm Beach County, Florida (33484). It sits west of downtown Delray Beach among lakes, near shopping and the beach.
Is Lakes of Delray a good place to buy?
Lakes of Delray offers a large 55 and over Lennar condominium community of low-maintenance units among lakes with a full clubhouse west of downtown Delray. The right read is a comparable-sales analysis on a specific home; this is not a guarantee of future value.
How is the market in Lakes of Delray?
Inventory here is limited, so a single sale can move the averages. Read current pricing as context and lean on the comparable-sales analysis for a specific home.
What is there to do near Lakes of Delray?
Lakes of Delray puts everyday shopping, dining, and major roads within a short drive; see the commute section for approximate drive times, and confirm your real commute at your real departure time.
Should I use the listing agent to buy in Lakes of Delray?
No. The listing agent works for the seller. Having your own representation is the highest-leverage decision you make on a purchase here.
How do I sell a home in Lakes of Delray?
The right list price comes from recent comparable sales matched to your home's size, condition, and location, not an automated estimate. We build the case with real comps and a pricing strategy for the current market.
Are there new listings in Lakes of Delray before they hit the portals?
We track Lakes of Delray inventory from the live feed and can flag homes as they come available. Tell us your budget and timeline and we will send matches.
Buyers who want a large 55 and over community with a full clubhouseExcellent fit
Buyers who value low-maintenance lakeside condo livingExcellent fit
Buyers who will read the association's reservesExcellent fit
Buyers who want a west Delray location near shopping and the beachExcellent fit
Buyers who need an all-ages communityProbably not
Buyers who want a single-family home or a private yardProbably not
Buyers who want to avoid condominium assessmentsProbably not
Buyers who want new construction with a builder warrantyProbably not

Get the inside read on Lakes of Delray

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Lakes of Delray home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Lakes of Delray specialist will reach out personally, usually the same day.

BeachesMLS logo
Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Source: Listing photos provided by BeachesMLS, Inc. Information deemed reliable but not guaranteed.

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