Active Under Contract

740 S LAKE Avenue

Delray Beach, FL 33483

$1,295,000

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3
Bedrooms
2
Bathrooms
1,900
Sq Ft Under Air
0.17
Acres
1955
Year Built

Deep Lot Development Opportunity North of Atlantic Avenue

Positioned on a deep lot just north of Atlantic Avenue in the La Hacienda Delray enclave, 740 S Lake Avenue is a 1955 residence offering immediate flexibility as an owner-occupied property, rental, or future development site with the potential to build a new residence exceeding 4,000 square feet.

Property Profile

  • Neighborhood: La Hacienda Delray
  • Lot Size: 0.17 acres (deep lot)
  • Structures: Two existing residences
  • Development Potential: New construction exceeding 4,000 SF
  • Year Built: 1955
  • Proximity: Minutes to Atlantic Avenue and the ocean

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Complete Specifications

Property Sub TypeSingle Family Residence
SubdivisionLA HACIENDA DELRAY
Year Built1955
Architectural StyleContemporary
Total Square Feet1,900 sq ft
Square Feet Under Air1,900 sq ft
Bedrooms3
Full Baths2
Half Baths0
CoolingCentral Air
HeatingOther
Garage Spaces1
Lot Size0.17 acres
PoolNone
CommunityLA HACIENDA DELRAY
ViewNone
WaterfrontNone
Association FeeNone
Tax Annual Amount$5,469
Tax Year2025
MLS Status Active Under Contract
Last Updated October 20, 2026
Listed Date September 24, 2026
Days on Market 26
Data Source BeachesMLS BeachesMLS
MLS Number B26080087
Listing Brokerage Douglas Elliman
A unique opportunity in one of Delray Beach's most desirable residential enclaves, just north of Atlantic Avenue. Situated on a deep lot, 740 S Lake Avenue offers exceptional flexibility for an owner, investor or future developer. The surrounding neighborhood has transformed with luxury new construction residences selling for over $3 million. The property features two existing structures, providing the opportunity to utilize or rent the residences while designing plans for the future. Alternatively, enjoy the property as-is and develop over time. With the potential to build a new residence of more than 4,000 square feet, this presents an entry point into a neighborhood defined by multimillion-dollar new construction homes, all within minutes of downtown Atlantic Avenue, and the ocean. DISCLOSURE: All images and visual materials associated with this property, including AI generated images, virtually staged photos, edited images, artist conceptual renderings, maps, site plans, floor plans, and other graphics, are provided solely for illustrative purposes. These representations may not accurately reflect current conditions and are subject to change without notice. No representations or warranties are made regarding the accuracy or completeness of these visual materials. Buyers should not rely solely on these materials and are responsible for independently verifying all property details.

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