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+30 photosLuxury condo — 111 SE 1st Avenue 517 · 111 First Delray Condo · Delray Beach
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Open property magazine$699,000
111 SE 1st Avenue 517, Delray Beach, FL 33444
Delray Beach, FL, 33444
1 bd · 1 ba · 794 sqft
Listed by Lehmann Realty Inc.
111 SE 1st Avenue 517, Delray Beach, FL 33444
Listed by Lehmann Realty Inc.
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Estimated monthly payment
$5,260/mo
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 $5,260/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: Zone not provided · verify insurance quotes before buying.
About this home
Find similar homesThis stunning condominium features a gourmet kitchen outfitted with top-of-the-line Bosch appliances, chic quartz countertops, and custom cabinetry, striking the perfect balance between style and practicality. The bedroom offers a tranquil sanctuary designed for ultimate relaxation.Nestled on the desirable and tranquil fifth floor, this penthouse unit provides a peaceful and private atmosphere. Additional perks include one designated garage parking space located on the first floor. Just steps to the lobby. Each unit has a dedicated storage unit and bike storage. Two elevators. Secure building access key fob required. Unwind on your private balcony or take advantage of exceptional amenities, including a cutting-edge fitness center and an entertainment deck featuring a saltwater pool, cabanas, a summer kitchen, a bar, a billiards area, a cozy fire pit, and televisions. The public spaces within the building are adorned with stunning artwork and a living plant wall adding to the overall allure. With plenty of storage options, your living experience will be seamless and organized. Embrace unparalleled luxury living right in the heart of Delray Beach. Discover the epitome of sophistication in the lively core of downtown Delray Beach. Just a short stroll from the bustling restaurants, shops, and art galleries along Atlantic Avenue, this location is a hub for events and live music venues. Located just one mile from the pristine Municipal Beach, which has proudly received the esteemed Blue Flag designation for three consecutive years, this area emphasizes its dedication to environmental stewardship, safety, accessibility, and education. Remarkably, Delray Beach is one of only three beaches in the continental United States to achieve this designation.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 7%
The seller has come down from $750,000 to $699,000 — a $51,000 reduction since it came on the market.
378 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.
Building health
- Building
- 111 FIRST DELRAY CONDO· MLS
- Year built
- 2019· MLS
- Stories
- 5· MLS
- Units
- Not provided —
- Milestone inspection
- Not provided —
- Milestone date
- Not provided —
- SIRS
- Not provided —
- SIRS date
- Not provided —
- Special assessments
- Not provided —
- Assessment amount
- Not provided —
- Assessment purpose
- Not provided —
- Assessment due date
- Not provided —
- Reserves
- Not provided —
- Minimum lease term
- Not provided —
- Rentals per year
- Not provided —
- Pet rules
- Yes, No Restrictions· MLS
- Age restriction (55+)
- Not provided —
- HOA fee
- $788.96 / month · billed Monthly· MLS
Last updated Not provided, source: MLS remarks —
Always review the association's milestone inspection report, SIRS, budget and the last 24 months of board minutes before you buy.
Property Details
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Your costs (est.)
≈ $5,260/mo
111 SE 1st Avenue 517, Delray Beach, FL 33444 · Delray Beach
Location
111 SE 1st Avenue 517, Delray Beach, FL 33444
What buyers ask about this home
What are the estimated monthly carrying costs at 111 SE 1st Avenue 517, Delray Beach, FL 33444?+
Property tax (after sale): $707/month est.; homeowners insurance: $138/month est.; HOA: $789/month. Fixed ownership costs before a mortgage: $1,633/month est. Principal and interest: $3,627/month; PMI: $0/month. Total for the payment scenario shown: $5,260/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 111 SE 1st Avenue 517, Delray Beach, FL 33444?+
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 111 SE 1st Avenue 517, Delray Beach, FL 33444 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 I check about the association before buying 111 SE 1st Avenue 517, Delray Beach, FL 33444?+
For a Florida condo, review the milestone structural inspection and the Structural Integrity Reserve Study, current reserve balances, any pending or recently voted special assessment, the association's insurance and its litigation history. Ask how many units are owner-occupied and whether the lender will approve the building — a poorly funded association is the single biggest hidden cost in a condo purchase.
Can 111 SE 1st Avenue 517, Delray Beach, FL 33444 be rented out?+
Rental rules are set by the association's documents, not the MLS. Many Delray Beach luxury buildings limit leases to once or twice a year with a minimum term and require board approval and an application fee. Request the declaration and rules before your inspection period ends if rental income matters to your plan.
Is there room to negotiate on 111 SE 1st Avenue 517, Delray Beach, FL 33444?+
This listing has been on the market 378 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
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.
The home, in a magazine
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Open the magazine
Simon Gedz
Realtor® since 1995
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