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+45 photosLuxury townhome — 723 Lake Avenue N · La Hacienda Delray · Delray Beach



















































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Open property magazine$2,995,000
723 Lake Avenue N, Delray Beach, FL 33483
Delray Beach, FL, 33483
3 bd · 4 ba · 3,175 sqft
Listed by Premier Estate Properties, Inc
723 Lake Avenue N, 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.
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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 $2,162,250 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
- $15,540/mo
- Property tax (after sale) est.
- $3,029/mo
- Homeowners insurance est.
- $429/mo
- HOA
- $0/mo
Estimate only, not guaranteed. Verify before you buy or sell.
Cash to close
723 Lake Avenue N, Delray Beach, FL 33483
Estimated cash to close est.
$628,720.00
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): $2,396,000.00Jumbo loan
Above the 2026 $832,750.00 limit, so the daily jumbo rate is used. Put down about $2,162,250.00 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.
$628,720.00
- Down payment est.
- $599,000.00
- Mortgage note documentary stamps est.
- $8,386.00
- Mortgage intangible tax est.
- $4,792.00
- 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.
- $6,057.50
- Insurance escrow (2 months) est.
- $858.50
- First-year insurance premium est.
- $5,151.00
- 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.
- $429 / month
Source: FEMA National Flood Hazard Layer · Date checked: Nov 6, 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 6, 2026
- Roof type
- Concrete
- Roof year
- 2025 (assumed from year built)
- Impact windows / doors
- Impact Glass (Complete)
- Shutters
- Not provided —
- Window features
- Impact Glass (Complete)
- Year built
- 2025
Homeowners insurance: $429 / month est.
- Annual premium est.
- $4,846
- Fees & taxes est.
- $305
- Annual total est.
- $5,151
- Likely range est.
- $4,378–$6,181
- Dwelling coverage est.
- $1,131,094
- Other structures est.
- $22,622
- Personal property est.
- $226,219
- Loss of use est.
- $113,109
- Hurricane deductible (2%) est.
- $22,622
Based on the listing: 3,175 sq ft · built 2025 · 2 stories · roof from 2025 · 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.
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 homesIn sought-after Delray Beach, two new-construction, three-bedroom, contemporary Paloma Villas townhomes open to loggias with summer kitchens that adjoin private saltwater pools. The residences convey a grand atmosphere featuring an open-concept, split-bedroom plan detailed by engineered oak flooring, window-walls of glass, and 12-foot ceiling heights downstairs with 10-foot ceilings upstairs. 723 and 725 Lake Avenue North, Delray Beach, Florida: Desirable Paloma Villas is perfectly located between Lake Ida and the Intracoastal Waterway in the La Hacienda Gardens enclave, just minutes from Delray Beach's award-winning sand-carpeted beaches, as well as Downtown Atlantic Avenue's boutique shopping and vibrant dining and nightlife venues. It is barely 20± minutes from Boca Raton's private executive airport, and an easy 30± minute commute to Palm Beach International Airport. PROPERTY: A brand-new two-townhome complex, Paloma Villas goes beyond interior luxury with outdoor living that rivals resort settings ideal for year-round entertaining. Beautifully landscaped with gardens and sprawling lawns shaded by a verdant mix of trees and palms, each villa is enclosed within high walls providing seclusion and privacy. Overlooking a private saltwater pool, the covered loggia off the living area of each townhome features an outdoor kitchen equipped with a gas grill and an under-counter refrigerator. For added convenience, each villa comes with a two-car garage and guest parking. RESIDENCE: A new gem in sought-after Delray Beach recently completed by Stamm Development, Paloma Villas comprises two luxurious two-story townhomes, each with three bedrooms, a flex room and 4,008± total square feet. Each residence, artfully designed with a bold contemporary aesthetic, offers an elevated living experience through careful attention to scale, the use of high-end materials, and a well-conceived, open, airy floor plan optimized for a seamless indoor/outdoor flow. Conveying a grand atmosphere, yhe interiors are beautifully executed to maximize comfort and function, anchored by engineered oak flooring, offering garden-view window-walls of glass, and topped by 12-foot ceilings downstairs and 10-foot ceilings upstairs. The chic living areas are adjoined by a chef's kitchen with streamlined contemporary cabinetry, quartz countertops, high-end appliances and an island accommodating pull-up seating. With a split-bedroom plan, the primary suite is placed on the second floor for enhanced privacy, while an adjoining versatile, second-floor flex room can easily serve as a private primary sitting area, an office, media room or workout zone. The spa-like primary bathroom is finished with bespoke custom cabinetry designed and manufactured by a local vendor, a soaking tub and a shower equipped with a hand shower, showerhead and a shower arm with a diverter. The guest bathrooms, also spa-like, feature showers with a hand shower, showerhead and a diverter. Completing the overall layout is a laundry room. Eight-foot, solid-core interior doors and recessed LED lighting contribute to the villas' clean, modern aesthetic, while the townhomes are pre-wired for a centralized home-automation system with speaker-wiring in the living areas, kitchen and covered loggia enabling a streamlined and integrated, smart-living experience. The villas are also pre-wired for future motorized shades and exterior cameras at all entry points ensuring ease of expansion and enhanced security. Offering the serenity of a private retreat with every modern convenience, these Paloma Villas townhomes balance sophisticated luxury ideal for gracious entertaining with a comfortable, practical design tailored for family living. 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.
129 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.)
≈ $18,998/mo
723 Lake Avenue N, Delray Beach, FL 33483 · Delray Beach
Location
723 Lake Avenue N, Delray Beach, FL 33483
What buyers ask about this home
What are the estimated monthly carrying costs at 723 Lake Avenue N, Delray Beach, FL 33483?+
Property tax (after sale): $3,029/month est.; homeowners insurance: $429/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $3,458/month est. Principal and interest: $15,540/month; PMI: $0/month. Total for the payment scenario shown: $18,998/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 723 Lake Avenue N, 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 723 Lake Avenue N, 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 723 Lake Avenue N, 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 723 Lake Avenue N, 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 723 Lake Avenue N, Delray Beach, FL 33483?+
This listing has been on the market 129 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
Plumosa School Of The Arts
Elementary · 0.7 mi from this home · 2501 Seacrest Blvd, 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 — townhomes only. Tap a home for its photos and sale facts.
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