1 / 49
+44 photosLuxury condo — 320 S Ocean Boulevard L-C · Lanikai Villas Condo · Delray Beach
South Florida Luxury Living
Property Magazine
Your home in print
A magazine dedicated to 320 S Ocean Boulevard L-C, Delray Beach, FL 33483
Dedicated to you and your family.
A photo-rich, always-current edition with the home’s details, neighborhood lifestyle, assigned and nearby schools, ownership planning, and applicable waterfront guidance. Sign in or create a free account and the same edition is rewritten around your household — the schools your children would attend, the boat you keep, the routes you actually drive.
Open property magazine$1,750,000
320 S Ocean Boulevard L-C, Delray Beach, FL 33483
Delray Beach, FL, 33483
2 bd · 2 ba · 1,182 sqft
Listed by The Corcoran Group
320 S Ocean Boulevard L-C, Delray Beach, FL 33483
Listed by The Corcoran Group
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 $917,250 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, HOA. Property Tax (after sale). Estimated; not a lender quote.
- Principal & interest
- $9,080/mo
- Property tax (after sale) est.
- $1,770/mo
- Insurance included in HOA
- $0/mo
- HOA
- $1,427/mo
Estimate only, not guaranteed. Verify before you buy or sell.
Cash to close
320 S Ocean Boulevard L-C, Delray Beach, FL 33483
Estimated cash to close est.
$365,714.50
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): $1,400,000.00Jumbo loan
Above the 2026 $832,750.00 limit, so the daily jumbo rate is used. Put down about $917,250.00 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.
$365,714.50
- Down payment est.
- $350,000.00
- Mortgage note documentary stamps est.
- $4,900.00
- Mortgage intangible tax est.
- $2,800.00
- 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.
- $3,539.50
- Insurance escrow (2 months) est.
- $0.00
- First-year insurance premium est.
- $0.00
- 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)
- Not available —
- Homeowners insurance est.
- $0 / month
Source: FEMA National Flood Hazard Layer · Date checked: Nov 9, 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: Not available —
Source: FEMA National Flood Hazard Layer · Date checked: Nov 9, 2026
- Roof type
- Concrete
- Roof year
- Not provided —
- Impact windows / doors
- Not provided —
- Shutters
- Not provided —
- Window features
- Not provided —
- Year built
- 1961
Homeowners insurance: $0 / month est.
Association insurance is included in the stated HOA fee. Confirm separate unit-owner coverage with an insurance agent.
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 homesDiscover an exceptional opportunity to own a turnkey coastal retreat in the coveted Lanikai Villas, ideally situated on prestigious South Ocean Boulevard, just steps from a private stretch of beach and moments from Delray Beach's renowned Atlantic Avenue. This charming ground-floor boutique villa blends timeless Mid-Century Modern architecture with relaxed coastal elegance, offering the perfect tropical pied-à-terre in one of Delray Beach's most desirable seaside communities. Offering 1,182 square feet of living space, this 2-bedroom, 2-bath residence features a thoughtfully designed single-level floor plan with inviting living and dining areas and a seamless connection to the community's lush tropical surroundings. The intimate scale and garden setting create a tranquil coastal escape, ideal for enjoying the best of South Florida's indoor-outdoor lifestyle. An exceptional opportunity to personalize your own beachside retreat while enjoying the character and charm of this distinctive boutique community. Nestled among beautifully landscaped tropical courtyards, Lanikai Villas offers private beach access, a heated pool, clubhouse, and cabana with a full kitchen for entertaining. With convenient parking and an unbeatable location just a short stroll from the ocean and vibrant Atlantic Avenue, this inviting villa captures the essence of effortless coastal living. Whether envisioned as a full-time residence or a sophisticated tropical pied-à-terre, this is a rare opportunity to enjoy the relaxed elegance of Delray Beach in a coveted boutique seaside enclave.
Building health
- Building
- LANIKAI VILLAS CONDO· MLS
- Year built
- 1961· MLS
- Stories
- 1· 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, Breed Restrictions, Number Limit· MLS
- Age restriction (55+)
- Not provided —
- HOA fee
- $1,427 / 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
Dogs
Welcome here
Cats
Welcome here
Breed restrictions
Some breeds not accepted
Your costs (est.)
≈ $12,277/mo
320 S Ocean Boulevard L-C, Delray Beach, FL 33483 · Delray Beach
Location
320 S Ocean Boulevard L-C, Delray Beach, FL 33483
What buyers ask about this home
What are the estimated monthly carrying costs at 320 S Ocean Boulevard L-C, Delray Beach, FL 33483?+
Property tax (after sale): $1,770/month est.; homeowners insurance: $0/month est.; HOA: $1,427/month. Fixed ownership costs before a mortgage: $3,197/month est. Principal and interest: $9,080/month; PMI: $0/month. Total for the payment scenario shown: $12,277/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 320 S Ocean Boulevard L-C, 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 320 S Ocean Boulevard L-C, 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 I check about the association before buying 320 S Ocean Boulevard L-C, Delray Beach, FL 33483?+
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 320 S Ocean Boulevard L-C, Delray Beach, FL 33483 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 320 S Ocean Boulevard L-C, Delray Beach, FL 33483?+
This listing has been on the market 23 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 · 1.3 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.
Closed sales in the last 12 months, newest first — condos only. Tap a home for its photos and sale facts.
Loading nearby sales…
The home, in a magazine
A closer look at this home and its lifestyle — dedicated to you and your family.
Open the magazine
Simon Gedz
Realtor® since 1995
Interested in this property?
$1,750,000 · MLS B26089611
$1,750,000
320 S Ocean Boulevard L-C
400 Seasage Drive 501, Delray Beach, FL 33483
Listed by Lang Realty/Delray Beach
Seagate Manor
2 bd · 2 ba · 1,729 sq ft
$1,499,999
View details
50 EAST Road 12F, Delray Beach, FL 33483
Listed by Tamar Property Group
BARR TERRACE CONDO
2 bd · 2 ba · 1,567 sq ft
$1,250,000
View details
122 Andrews Avenue C, Delray Beach, FL 33483
Listed by Keller Williams Realty Boca Ra
TALBOT HOUSE III CONDO
2 bd · 2 ba · 1,726 sq ft
$2,300,000
View details
1000 Crystal Way E, Delray Beach, FL 33444
Listed by Compass Florida, LLC
BAHIA AT DELRAY CONDO
1 bd · 1 ba · 696 sq ft
$189,500
View details
2860 SW 22nd Avenue 4040, Delray Beach, FL 33445
Listed by United Realty Group Inc.
SABAL PINE SOUTH CONDO
2 bd · 2 ba · 1,126 sq ft
$273,000
View details
827 NORTH Drive B, Delray Beach, FL 33445
Listed by Douglas Elliman
HIGH POINT OF DELRAY SEC 4
1 bd · 2 ba · 994 sq ft
$139,999
View details