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+45 photosGated community home — 1040 S Ocean Boulevard · Seagate Ext · Delray Beach



















































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Open property magazine$11,495,000
1040 S Ocean Boulevard, Delray Beach, FL 33483
Delray Beach, FL, 33483
7 bd · 9 ba · 7,195 sqft
Listed by Premier Estate Properties, Inc
1040 S Ocean Boulevard, Delray Beach, FL 33483
Listed by Premier Estate Properties, Inc
Add this home to your tour day
Pick up to 6 homes. Simon confirms times with each listing agent, then sends you the final schedule.
0 of 6 homes in your tour
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated Monthly Payment
20% down · 6.75% interest · 30-year loan · Jumbo loan
Jumbo loan: put down about $10,662,250 or more to stay conforming. What's different?
- A bigger down payment, often 10–20% or more
- A higher credit score, often 700+
- More cash reserves, often 6–12 months of payments
- Full income documentation, sometimes a second appraisal on large loans
Other options: Conforming first mortgage plus a home equity loan for the rest ("piggyback"); Portfolio or private bank loans; Cash. Each lender sets its own rules.
Principal, interest, taxes and insurance. Property Tax (after sale). Estimated; not a lender quote.
- Principal & interest
- $59,645/mo
- Property tax (after sale) est.
- $11,625/mo
- Homeowners insurance est.
- $1,042/mo
- HOA
- $0/mo
Estimate only, not guaranteed. Verify before you buy or sell.
Cash to close
1040 S Ocean Boulevard, Delray Beach, FL 33483
Estimated cash to close est.
$2,391,892.33
Down payment plus Florida taxes, title, lender and prepaid costs.
Partial estimate: unknown amounts are excluded. Ask Simon to verify them.
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Loan amount (calculated): $9,196,000.00Jumbo loan
Above the 2026 $832,750.00 limit, so the daily jumbo rate is used. Put down about $10,662,250.00 or more to stay conforming.
Current site planning rate. Rate does not change the taxes or fees below. Prepaid interest is not included.
Edit closing costs & prepaids
Assumes both policies cover identical land and dates, with loan coverage within owner coverage—even if the seller pays owner title. Minimum lender premium $25. Turn off if not eligible. Endorsement allowance defaults to one $25 endorsement; actual requirements and premiums vary (Florida 69O-186.005).
Appraisal starts at $650. Waterfront and luxury homes may require a higher fee; confirm with your lender.
Tax uses existing ZIP estimates (after sale); insurance uses existing site estimates. Edit with your quote. If HOA insurance is included, confirm separate unit-owner coverage. Missing HOA costs are excluded—not assumed zero.
Estimated cash to close est.
$2,391,892.33
- Down payment est.
- $2,299,000.00
- Mortgage note documentary stamps est.
- $32,186.00
- Mortgage intangible tax est.
- $18,392.00
- Lender’s title insurance est.
- $25.00
- Lender title endorsements est.
- $25.00
- Lender fees est.
- $1,500.00
- Appraisal est.
- $650.00
- Title search & examination est.
- $125.00
- Municipal lien search est.
- $150.00
- Settlement / closing fee est.
- $450.00
- County recording (deed) est.
- $30.00
- County recording (mortgage) est.
- $120.00
- Inspection, wind mitigation & 4-point est.
- $900.00
- Survey est.
- $500.00
- Property tax escrow (2 months, after sale) est.
- $23,249.00
- Insurance escrow (2 months) est.
- $2,084.33
- First-year insurance premium est.
- $12,506.00
- HOA / condo contribution or transfer est.
- Not provided
Partial estimate: unknown amounts are excluded. Ask Simon to verify them.
Mortgage stamps: $0.35 per $100 or fraction. Intangible tax: 0.2% of loan. Title uses Florida 69O-186.003 base rates. Assumes 2 months of tax/insurance escrow for financed purchases plus first-year insurance; cash purchases have no lender escrow.
Before deposits and credits. Prepaid interest and other contract costs are not included. Discounts and title endorsements must be confirmed by the title company. Title search, municipal lien search, settlement and recording are pass-through title company charges for cash and financed buyers alike; the municipal lien search is priced by each city and can run higher (e.g. Boca Raton $150, Coral Gables $220).
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Insurance & flood
- Flood zone (FEMA)
- Zone AE Coastal FloodplainFlood insurance required
- Homeowners insurance est.
- $1,042 / month
Flood insurance is required with a federally backed mortgage (FHA, VA, USDA, or a conventional loan from a federally regulated lender). The monthly insurance estimate above does not include flood insurance — see "Show details" for the flood rules and the official FEMA map.
Source: FEMA National Flood Hazard Layer · Date checked: Oct 31, 2026
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
Flood zone: AE
High-risk mapped flood area (1% annual chance of flooding).
Source: FEMA National Flood Hazard Layer · Date checked: Oct 31, 2026
- Roof type
- Metal
- Roof year
- 2019 (assumed from year built)
- Impact windows / doors
- Impact Glass (Complete)
- Shutters
- Not provided —
- Window features
- Blinds
- Year built
- 2019
Homeowners insurance: $1,042 / month est.
- Annual premium est.
- $12,201
- Fees & taxes est.
- $305
- Annual total est.
- $12,506
- Likely range est.
- $10,630–$15,007
- Dwelling coverage est.
- $2,563,219
- Other structures est.
- $51,264
- Personal property est.
- $512,644
- Loss of use est.
- $256,322
- Hurricane deductible (2%) est.
- $51,264
Based on the listing: 7,195 sq ft · built 2019 · 2 stories · roof from 2019 · impact windows / shutters · luxury finish level.
Dwelling coverage uses living area × county rebuilding cost. Selling price and land value are not included. The monthly estimate includes fees and applicable taxes.
Broward inland rates were calibrated against two supplied policies; other county and coastal rates have not yet been calibrated against real quotes.
Assumed where the listing is silent: concrete-block construction · inland rating band · gable roof · 2% hurricane deductible · admitted carrier; no surplus-lines tax. A newer roof, a hip roof shape, or a higher deductible can lower the premium; frame construction can raise it.
Educational estimate only, not an insurance quote. Actual premiums depend on the carrier, inspections, discounts, and underwriting. Flood insurance not included. Simon Gedz is a Realtor, not a licensed insurance agent.
Special Flood Hazard Area. With a federally backed mortgage (FHA, VA, USDA, or a conventional loan from a federally regulated lender), flood insurance is required.
The FEMA map is a strong indication, not the final answer: your lender orders its own flood zone determination. Cash buyers are not required to carry flood insurance, but on the water it is strongly recommended.
Florida rule: by 2027, Citizens policyholders must carry flood insurance even outside a flood zone, unless the Citizens policy excludes wind coverage. The FEMA map does not show this.
How flood insurance is priced (FEMA Risk Rating 2.0)
Flood insurance is priced home by home, so two neighbors on the same canal can pay very different amounts. Premiums depend on the home's elevation (first-floor height above the expected flood level), distance to water (ocean, Intracoastal, canal or river), the type of flood risk (storm surge, heavy rain or river overflow), the cost to rebuild, the foundation and construction type, and past flood claims on the property.
Federal flood insurance (NFIP) pays at most $250,000 for the building and $100,000 for contents. A luxury waterfront home needs private flood insurance or an "excess flood" policy on top.
Before an offer: pull the official FEMA flood map (FIRMette), ask the seller for an elevation certificate (it largely decides the price), ask whether the seller's existing NFIP policy can be transferred to you (sometimes at a lower rate), and have an insurance agent check prior flood claims (CLUE report). New NFIP policies usually have a 30-day wait before they take effect — don't leave it until the week of closing.
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
About This Property
Find similar homesAn artful modern showplace for indoor/outdoor entertaining, this seven-bedroom compound with two guest retreats sits on Ocean Boulevard, a short walk from beach access. Right on Ocean Boulevard in beautiful Seagate, an oasis of modern luxury awaits in this beach area compound that brings laid-back elegance to the concept of indoor/outdoor living, creating a showplace for those who enjoy entertaining. Award-winning South Florida architect Randall Stofft has fashioned this custom-built seven-bedroom estate home in refined simplicity harmonized with striking accents plus artful finishes by interior designer Shelly Preziosi, ASID Inside, past the glassed staircase that floats upward, the light-bathed living spaces feel distinct but open, spilling through airy glass walls to the fabulous outdoor living/dining room by the sleek pool anchored by the separate guest house/cabana, with the open-air fireplace and landscape lighting adding night-time drama to the resort ambiance. Another separate guest retreat is above one of a pair of two-bay garages. In the main house, family and guests have five bedroom suites featuring spacious and relaxing master quarters - gazing over the pool and garden - pairing two wardrobe rooms with two separate baths, the larger a sensuous spa-like design accented in subtle gold glints. Catering to comfort and peace of mind, the home's special features range from the smart-house automation to the elevator, full generator, impact-rated glass, leading-edge structural engineering, and sophisticated comprehensive security system. The gated entry and privacy walls give added seclusion to the expansive grounds. Also benefitting from a choice location just a short walk from the beach, about half a mile from three private beach clubs including; The Seagate Beach Club, The Delray Beach Club, and The Colony Beach Club, and a mile from Atlantic Avenue, this seaside masterpiece has everlasting appeal. Location South Ocean Boulevard, Delray Beach, Florida. Fringed by the ocean's sugar sands in Old Florida beauty, Seagate is a sought-after beachside neighborhood located only about a mile south of famous Atlantic Avenue, the centerpiece of historic downtown Delray Beach's vibrant shopping, dining, and culture. In the heart of South Florida's Gold Coast, between Boca Raton and Palm Beach, Delray Beach is known as a charming village-by-the-sea and a resort destination featuring pristine "Blue Wave" beaches. Property This Beach area compound-like contemporary estate is privately walled and gated on expansive grounds landscaped with beautiful greenery. A sweeping motor court leads to the formal entry sheltered by cantilevered rooflines between two garages housing a total of four vehicles. Designed as a fabulous outdoor entertainment space, the back grounds provide a balance of sunlight and shade on lounge terraces around the saltwater pool with spillover spa. A true outdoor living/dining room, the large lanai is served by a full summer kitchen, across from a linear fireplace. Anchoring the other side of the pool, the guest house/cabana contains a bedroom/sitting room, kitchenette, and bath. Residence Providing seven bedrooms plus eight and a-half baths in the total of 9300± square feet, this Randall Stofft-designed residence creates a striking but serene environment with custom details and airy spans of impact glass. Polished porcelain tile floors in a soft cream tone unify the main level, with pale wide-plank oak floors upstairs. The poured concrete construction, both levels, is built on pilings, has steel reinforcement beams, has the highest rated impact windows and doors on the market and a metal roof. Amenities include an elevator, full Generac generator, smart-house electronics with prewiring for speakers, and laundry rooms on both levels. First Floor: Dramatized by a floating staircase, the lofty open foyer flows right ahead to the great room where glass walls slide open to the poolside lanai and garden. Highlighted by a cove-lit ceiling above the seating space and a coffered ceiling over the dining area, the great room's layout offers easy entertaining, open to the chef's kitchen by the waterfall-edge island/bar and wet bar with wine refrigerator. Also open to the main dining room, the kitchen is outfitted with sleek cabinetry, Neolith® counters, a walk-in pantry, and appliances by Sub-Zero and GE Monogram including a gas range. Off the great room, the club room opens to the pool terrace and has loft-style doors that enter the office. The versatile library/bedroom has an en-suite bath. Second Floor: Opening to a private balcony above the pool, the peak-ceilinged master suite is bright and spacious. Customized wardrobe rooms open off both of the master baths finished in Neolith®, quartz, and designer tile; one bath has a steam shower, while the other features a free-standing soaking tub, multi-head open shower, and separate water closet. Three more bedroom suites are arranged off a loft-style sitting area. The separate guest suite has its own outside entry. DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to listing company and may be listed or have sold with other members of the Multiple Listing Service. Transactions where listing company represented both buyers and sellers are calculated as two sales. "No payments made until title passes" Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Information published or otherwise provided by seller, listing company or its representatives is deemed reliable but are not guaranteed and subject to errors, omissions, or changes without notice. Copyright 2026 by the listing company. All Rights Reserved.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
136 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details

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Your costs (est.)
≈ $72,312/mo
1040 S Ocean Boulevard, Delray Beach, FL 33483 · Delray Beach
Location
1040 S Ocean Boulevard, Delray Beach, FL 33483
What buyers ask about this home
What are the estimated monthly carrying costs at 1040 S Ocean Boulevard, Delray Beach, FL 33483?+
Property tax (after sale): $11,625/month est.; homeowners insurance: $1,042/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $12,667/month est. Principal and interest: $59,645/month; PMI: $0/month. Total for the payment scenario shown: $72,312/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 1040 S Ocean Boulevard, Delray Beach, FL 33483?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 1040 S Ocean Boulevard, Delray Beach, FL 33483 need flood insurance, and what drives the premium?+
Most of Delray Beach sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 1040 S Ocean Boulevard, Delray Beach, FL 33483?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type, and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
What extra costs come with the pool at 1040 S Ocean Boulevard, Delray Beach, FL 33483?+
A pool typically adds ongoing service, chemicals and electricity, plus periodic resurfacing and equipment replacement. Verify the safety barrier meets Florida code, which is required for insurance and resale.
Is there room to negotiate on 1040 S Ocean Boulevard, Delray Beach, FL 33483?+
This listing has been on the market 136 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Delray Beach. Walkable Atlantic Avenue, award-winning beach, and a vibrant gallery + dining scene.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Pine Grove Elementary School
Elementary · 1.0 mi from this home · 1000 Sw 4Th Ave, Delray Beach
Boca Raton
Middle school
Fusion Academy - Boca Raton
High school · 4.7 mi from this home · 5050 Conference Way N Ste 110, Boca Raton
Zone boundaries published by School District of Palm Beach County.
Other options for this address
Trinity Evangelical Lutheran Chrch Of Del Ray Bch
Elementary · Private · Christian · Grades PK–8 · Delray Beach
American Heritage School - Boca/Delray Palm Beach
Pre-K & Kindergarten · Private · Grades PK–12 · Delray Beach
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
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