Spanish Wells Condo I
Homes for Sale in Delray Beach, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Spanish Wells Condo I is a smaller condo community in Delray Beach where price is driven almost entirely by condition and unit layout—the low per-square-foot median and tight inventory window suggest a mix of original-finish and updated units trading at very different numbers. The median price of $326,000 and median of $265 per square foot point to an entry-level condo market, but individual unit pricing will vary widely depending on upgrades and location within the complex.
The market posture here is fast and cooling. With a median time on market just over three weeks and year-over-year prices down nearly eleven percent, this is a reset from a prior peak. Buyers have negotiating room they didn't have a year ago, and sellers need to price accurately from day one—inventory moves quickly when it's priced right, and sits when it's not.
Spanish Wells Condo I right now
🔴 Off the recent peak. The trailing-12-month median ($326K) is down 10.7% from the prior 12 months ($365K). With about 5 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: Low (4 and 5 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
Spanish Wells Condo I market snapshot (as of July 15, 2026): the median sale price is about $326K ($265 per sq ft over the trailing 12 months of closed sales), and a median 21 days on market for closed sales. The trailing-12-month median is down 11% from the prior 12 months, computed from record-level Beaches MLS closed sales (4 closings in the current window).
A small-footprint condo community in Delray Beach with a median sale price of $326,000 and median days on market just over three weeks, trading in a cooling cycle after a double-digit price pullback year-over-year.
Who Spanish Wells Condo I is best for.
Best for
- First-time buyers with budgets near or below $350,000 who want Delray Beach access and are willing to trade amenities for location and price.
- Investors targeting cash-flow rental opportunities in Palm Beach County who can acquire below replacement cost and manage tenant turnover.
- Downsizers or second-home buyers seeking a simple, low-maintenance ownership structure without resort-style expectations.
Probably not for
- Buyers who expect resort amenities, clubhouse facilities, or a full-service condo lifestyle—the facts suggest a basic ownership structure.
- Sellers who believe last year's pricing still applies—the nearly eleven percent year-over-year decline requires current-cycle pricing discipline.
- Buyers banking on near-term appreciation or treating this as a short-term flip—the cooling market and low heat score argue against speculative holds.
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 ($326K) IS the median in the snapshot above, and the move from 2025 ($365K) IS the -10.7% one-year change.
Windows contain 1 to 7 sales each (4 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 Spanish Wells Condo I buying strategy.
If we were buying in Spanish Wells Condo I 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 Spanish Wells Condo I.
What the numbers tell you about pricing and pace
The $326,000 median reflects a compressed condo market where condition and interior finish separate the pricing tiers. At $265 per square foot, Spanish Wells Condo I sits well below the broader Delray Beach condo average, which makes it accessible but also means expectations around finishes and community amenities should be modest. There is no amenity data in current listings, so assume this is a basic ownership structure—likely a small complex with essential infrastructure and little more.
Four closings in the trailing window and a median time on market just over three weeks tell you inventory is limited and decisively priced units move. The market heat score of 31 and the year-over-year price decline of nearly eleven percent confirm the broader cooldown: this is no longer a bidding environment, and buyers who were priced out a year ago now have an opening. Sellers, conversely, face a market that rewards accuracy and punishes aspiration—list at or slightly below recent comps, or expect to sit.
The location and the amenities are priced into every listing in Spanish Wells Condo I. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a condo market this price-sensitive, knowing which units have been updated and which carry deferred maintenance is everything. Momentum pulls comps across Palm Beach County, walks units with you, and prices with the current cycle in mind—not last year's. We'll tell you when a unit is overpriced, and we'll negotiate the HOA records and resale disclosure into every offer so you know what you're buying before you close.
Spanish Wells Condo I 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 Spanish Wells Condo I 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 Spanish Wells Condo I sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Spanish Wells Condo I, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Spanish Wells Condo I home worth?
Get a no-obligation home value based on real comparable sales in Spanish Wells Condo I, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in Spanish Wells Condo I?
How long do homes in Spanish Wells Condo I take to sell?
Who is the best real estate agent for Spanish Wells Condo I?
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Should you buy in Spanish Wells Condo I?
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 2015 (52 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.
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