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Under Contract
12 Days on Market
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How this price compares

Asking price
$199,900
Price per sq ft
$149
Vs. nearby sales
42.5% below
Days on market
12

This 2-bedroom condo in Gleneagles Condo Iii went under contract with an asking price of $199,900, or $149 per square foot. The asking price has come down 9.1% from its original $219,900. It spent 12 days on the market before going under contract. The 5 most recent condo sales in the closings shown below sold at a median of $259 per square foot, so the asking price was 42.5% below what comparable homes here actually sold for.

2
Bedrooms
2
Bathrooms
1,340
Living Sq Ft
1986
Year Built

Estimated monthly payment

$1,051 /mo

Principal and interest only, based on $39,980 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $538/mo HOA are not included.

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Listing Snapshot

Price
$199,900
Days on Site
12 Days
Bedrooms
2
Total Baths
2
Full Baths
2
Partial Baths
0
Living Area
1,340 sqft
Total Sq Ft
1,523 sqft
Year Built
1986
Property Type
Condo
MLS #
B26090064
Property Tax
$762 (2025)
HOA Fees
$538 / Monthly
Subdivision
GLENEAGLES CONDO III
Development
Gleneagles Country Club
County
Palm Beach
Status
Under Contract
Special Conditions
Standard / Listed As Is

About This Property

PRICED TO SELL! EXCEPTIONAL VALUE IN GLENEAGLES COUNTRY CLUB! Discover an incredible opportunity to create your dream home in one of Delray Beach's premier country club communities! This exceptionally clean first floor 2-bedroom, 2-bathroom condo offers breathtaking lake views, a highly desirable location, and FULL GOLF MEMBERSHIP. Ideally situated just steps from the satellite pool and clubhouse and a short stroll to the main clubhouse, dining, fitness, golf, tennis, pickleball, and an abundance of social activities. Enjoy the convenience of walking to dinner, entertainment, and everything this vibrant community has to offer! While the interior is ready for your personal updates, the location and spectacular water views provide the perfect foundation to create something truly special.

MLS media link

General Features

Property Type
Condo
Status
Under Contract
Year Built
1986
Property Condition
Resale
Number of Stories
2
Levels
One
Parking
Assigned / Open / On Street
Direction Faces
South
Lot Size (Acres)
0
Living Sq Ft
1,340
Total Sq Ft
1,523
Structure Type
Multi Family
Sewer
Public Sewer
Water Source
Public
Zoning
RES

Interior Features

Appliances
Dryer / Dishwasher / Electric Range / Electric Water Heater / Disposal / Ice Maker / Microwave / Range / Refrigerator / Water Heater / Washer
Cooling
Central Air / Ceiling Fans
Heating
Central
Flooring
Laminate / Other / Tile / Wood
Interior Features
Built In Features / Bathtub / Split Bedrooms / Storage / Soaking Tub / Separate Shower / Walk In Closets / Bar
Laundry
Washer Hookup / Electric Dryer Hookup / Inside / In Bathroom / Laundry Closet / In Hall / Washer Dryer Install Allowed
Main Level Bedrooms
2
Main Level Baths
2
Total Rooms
3
Furnished
Negotiable

Exterior Features

Construction
Stucco
Roof
Tile
Exterior Features
None / Outdoor Living Area / Porch
Pool Features
Association / Heated
Patio & Porch
Patio / Porch / Screened
Waterfront Features
Lake Front / None
View
Lake / Water

Community & HOA

HOA Fee
$538 / Monthly
HOA Name
GLENEAGLES III
HOA Includes
Reserve Fund / Roof / Sewer / Trash / Water
Association Amenities
Clubhouse / Gated / Management / Pickleball / Pool / Parking / Putting Greens / Spa Hot Tub / Sidewalks / Tennis Courts
Community Features
Gated / Property Manager On Site / Sidewalks
Security
Closed Circuit Cameras / Fire Alarm / Gated Community / Smoke Detectors
Utilities
Cable Connected / Electricity Connected / Sewer Connected / Water Connected
Pets Allowed
Number Limit / Pet Restrictions / Yes
Financing Terms
Cash / Conventional
Restrictions
No Boats / No Commercial Vehicles / No Short Term Rentals / No Rv / No Smoking / No Truck / Okay To Lease1st Year / Ok To Lease / Rental Restriction
MLS Area
4640

This home's HOA fee works out to $538 a month, 20% below the $676 median across 16 homes for sale in Gleneagles Condo Iii. See Gleneagles Condo Iii HOA fees

Schools

Elementary School
Orchard View
Middle School
Carver Community
High School
Spanish River
Homes for Sale
16
Under Contract
10
Median List Price
$487,000
Median Sale Price (October)
$550,000
Median $/Sq Ft
$290
Avg Days on Market
71
View all 16 homes for sale in Gleneagles →
How do I schedule a tour of 15831 LOCH MAREE Lane 5502, Delray Beach, FL 33446?
Use the Tour button on this listing to request a showing of 15831 LOCH MAREE Lane 5502, Delray Beach, FL 33446. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
Is 15831 LOCH MAREE Lane 5502, Delray Beach, FL 33446 still available?
15831 LOCH MAREE Lane 5502, Delray Beach, FL 33446 is currently listed as Under Contract, and has been on the market 12 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
How much is the monthly payment for 15831 LOCH MAREE Lane 5502, Delray Beach, FL 33446?
With 20% down ($39,980) on the $199,900 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 15831 LOCH MAREE Lane 5502, Delray Beach, FL 33446 is about $1,051/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
How do I get pre-approved to buy 15831 LOCH MAREE Lane 5502, Delray Beach, FL 33446?
Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 15831 LOCH MAREE Lane 5502, Delray Beach, FL 33446. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
Does 15831 LOCH MAREE Lane 5502, Delray Beach, FL 33446 have an HOA fee?
Yes: 15831 LOCH MAREE Lane 5502, Delray Beach, FL 33446 carries an HOA fee of about $538 monthly (GLENEAGLES III). HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
What schools serve 15831 LOCH MAREE Lane 5502, Delray Beach, FL 33446?
15831 LOCH MAREE Lane 5502, Delray Beach, FL 33446 is zoned for Orchard View (elementary), Carver Community (middle), Spanish River (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
Can I negotiate the price of 15831 LOCH MAREE Lane 5502, Delray Beach, FL 33446?
Often, yes. The right offer on 15831 LOCH MAREE Lane 5502, Delray Beach, FL 33446 depends on how it's priced against comparable condo sales in Delray Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.

Listing courtesy of Douglas Elliman

Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated November 15, 2026.

$199,900

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Listed by Andrea L Kay, Douglas Elliman

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