Rising

Rising: permitted and not yet finished, with a live permit (the city extends it at each passed inspection) or city records in the past 90 days

Likely spec

Likely spec: owned by a company named for the builder. Not confirmed by the builder.

201 NW 11th St

Ida Lake Terrace, Delray BeachBuilt by Azure Development~4,813 sf under air

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Aerial from 2026. The lot looked much the same in January 2025. The pink line is the surveyed parcel boundary.

Where it stands

Last city record Jul 30, 2026

PermitOct ’25

FoundationFeb ’26

VerticalMar ’26

FinishJul ’26

Done

Estimated completionDec 2026 – Apr 2027From the permit date, with the middle half of build times for homes off the water. An estimate, not the builder’s commitment.

The numbers

From deeds, the permit and the parcel roll

Likely to sell for$4.95–6.9MOur estimate from the lot’s price and what new homes nearby sold for. Not an appraisal or the builder’s price. How we estimate it

Lot purchase: $1.63M Sep 2025
Lot size: 15,594 sf 0.36 acres
Declared permit value: $963K as declared; real cost runs well higher
Home size: ~4,813 sf under air from the permit’s plans
Plan: Not in the permit
Flood zone: X
Waterfront: No
Ownership: Company-owned lot likely spec: owned by a company named for the builder

Against the market

Delray Beach · since 2021

Build time, months from permit

0 mo30 mo60 mo

12.6 months since the permit. A typical home off the water in Delray Beach takes 19; the middle half take 13.6–23.3.

This home
Middle half, Delray Beach off the water
352 homes off the water in Delray Beach permitted 2021–2023, from the permit application to the certificate-of-occupancy packet.
Median

How we calculate this

Construction log

16 city records

Jul 30, 2026Drywall/Screw InspectionPassed
Jul 21, 2026Finishes: insulation certifiedInsulation Inspection · Passed
Jun 24, 2026Framing InspectionPassed
Jun 15, 2026Wire Lath InspectionPassed
May 14, 2026Window/Door Buck InspectionPassed
Apr 8, 2026Roof Sheathing InspectionPassed
Mar 19, 2026Form Board SurveyPassed
Mar 19, 2026Roof: truss drawings filedFloor/Roof Truss System Plans/Shop Drawings · Passed
Mar 6, 2026Tie/Rake/Bond Beam InspectionPassed
Mar 6, 2026Filled Cells InspectionPassed
Mar 6, 2026Columns InspectionPassed
Feb 18, 2026Soil Density ReportPassed
Feb 17, 2026Foundation: termite pre-treatment certifiedTermite Treatment Report · Passed
Feb 12, 2026Slab InspectionPassed
Jan 23, 2026New-home permit issuedNew-Home Permit Issued · Issued
Oct 22, 2025New-home permit filedResidential New Construction Permit · Upload and Submit

Permit BLDR-006129-2025 on Delray Beach eServices: “New Construction of Residential Single Family Home *** … & … ***”

Early access · not on the market

Get in before it lists

This one looks built to sell, and most spec homes don’t reach the MLS until they’re nearly done: it should finish Dec ’26–Apr ’27. Ask now and a licensed agent will go to Azure Development for the plans, the price and the timing, before it’s listed.