Property Description:
This 2-bed, 2-bath, 1,160 sf condo built in 1984 sits in the desirable Lavers Delray Racquet Club, just minutes from downtown Delray Beach and the Atlantic Ocean. The top-floor unit offers exceptional lake views, high ceilings, and a bright open layout. The interior has been partially demoed and fully remediated for mold, making it a clean slate for renovation. With no upcoming assessments, strong reserves, and an HOA that covers most exterior and utility costs—including roof maintenance, water, sewer, and trash—this property is ideal for a quick value-add condo flip or a long-term hold in one of Delray’s most stable communities.
🛠️ Rehab Scope
- Rebuild kitchen (new cabinets, countertops, appliances, backsplash)
- Renovate both baths (tile, vanities, mirrors, fixtures)
- New flooring (LVP/tile), baseboards, doors, lighting, and trim
- Interior paint and minor drywall touch-ups where demo occurred
- Confirm HVAC service life and replace if older than 10 years
- Post-remediation air scrub and clearance testing
🔵 Comparable Sales
- 820 Lavers Cir #G104 – 2/2 | 1,160 sf | 1985 | $320,000 ($276/sf) – Average condition
- 2025 Lavers Cir #D208 – 2/2 | 1,160 sf | 1984 | $397,000 ($342/sf) – Renovated
- 1915 Lavers Cir #E207 – 2/2 | 1,160 sf | 1984 | $385,000 ($332/sf) – Updated Pending
- 2025 Lavers Cir #D504 – 2/2 | 1,160 sf | 1984 | $390,000 ($336/sf) – Renovated
Based on these comps, the ARV is estimated around $385K – $397K, depending on finish quality and upgrade level.