Monterey Lake
Homes for Sale in Delray Beach, FL

Monterey Lake market snapshot (as of November 6, 2026): the median sale price is about $420K ($204 per sq ft over the trailing 12 months of closed sales), a median 26 days on market for closed sales, and 1.2 months of supply, a seller-leaning market.

In ZIP 33484 (Delray Beach), 130 homes closed in the last 12 months at a median of $143K ($132/sq ft), with a median 45 days on market. Right now 79 active and 19 pending listings put supply at about 7.3 months — a buyer's market. See the live ZIP 33484 housing market and the Palm Beach County market.

Monterey Lake is a community of 32 homes in Delray Beach, Palm Beach County, built between 1985 and 1994 (median 1991), with a median living area of about 2,160 square feet. 78% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Monterey Lake sits in Delray Beach, a neighborhood where the pace has slowed and buyers are now negotiating from a position of strength after a period of significant appreciation.

• Orchard View · Elementary
• Omni · Middle
• Spanish River · High

Zoned schools reflect the assignments reported on recent Monterey Lake listings and can change; always confirm with Palm Beach County Public Schools for a specific address.

Buying with schools in mind? We can confirm the exact zoned schools for any Monterey Lake address.

A heat score of 21 tells you this is a buyer's market—not distressed, but decidedly cool. The median time on market of nearly 69 days is well above the quick-turn thresholds you see in hot communities, and it signals that sellers need to be competitive on price and condition. The per-square-foot figure of approximately $223 is useful for comparing across floor plans, but in a community this small, every home is its own negotiation. Updates, lot position, and motivated sellers will drive the final number more than any average.

The year-over-year decline of just over 7% is material. It erases some of the recent run-up and creates opportunity for buyers who were priced out twelve months ago. The longer-term appreciation of 93% since the early part of the decade is context, not a promise—prices do not only go up, and this community is proving that in real time. With only ten closings in the recent window, there is not enough volume to smooth out outliers, so treat any single comp with caution.

The MLS does not surface dedicated amenities for Monterey Lake, which means this is a location and value play, not a resort-style community. Buyers here are looking for Delray Beach access at a price point that leaves room for renovation or simply a lower entry threshold. If you need a clubhouse, pool, and activities director, look elsewhere. If you want a Delray address and the ability to put your money into the home rather than HOA dues and amenity fees, this fits.

Thin markets demand local knowledge and honest pricing. We will tell you when a listing is overpriced, when a home needs more work than the photos suggest, and when to walk away. In a community with just ten recent sales, every comparable matters, and we know how to adjust for condition, days on market, and seller motivation. We will not push you into a deal that does not make sense, and we will not let you overpay because a seller is anchored to last year's prices.