26 Oct Delray Summit Delray Beach Condos: Prices, Milestone Inspection & SIRS (2026)

Delray Summit Delray Beach Condos: Prices, Milestone Inspection & SIRS (2026)

Delray Summit is a condominium at 1000 Lowry St in Delray Beach, built in 1966, with residences priced $1.1 million to $2.5 million. County records list 66 residences. The building is on the barrier island, east of the Intracoastal Waterway.

Delray Summit at a Glance

Prices and Recent Listings

Asking prices for residences at Delray Summit as of October 2026 ran from $1.1 million to $2.5 million, depending on floor, view, size and renovation.

Milestone Inspection Status

Because the building turned 30 before July 1, 2022, its first statewide milestone inspection was due by December 31, 2024. The next one is due about 10 years after that.

The City of Delray Beach applies Florida’s statewide milestone inspection law (section 553.899, Florida Statutes) through its Building Division, which notifies associations when an inspection is due. The law covers condominium and cooperative buildings three or more stories tall: the first inspection is due by December 31 of the year a building reaches 30 years of age, then every 10 years, and the city’s page also describes a 25-year deadline for buildings within three miles of the coast. We found no separate city ordinance, so confirm the deadline for a specific building with the Delray Beach Building Division.

Florida requires milestone inspections for condo buildings of three or more stories. Phase 1 is a visual review by a licensed engineer or architect; Phase 2 is required only if Phase 1 finds substantial structural deterioration, and repairs must begin within 365 days of the Phase 2 report. Since January 1, 2026, associations with 25 or more units must post milestone reports, the structural integrity reserve study and the budget on their website.

Reserves, SIRS and Assessments

Since budgets adopted after December 31, 2024, Florida condo associations can no longer waive or reduce reserves for the roof, structure, fireproofing, plumbing, electrical, waterproofing, windows and doors. That has raised monthly dues in many older oceanfront buildings. When comparing residences, review the current budget, the reserve balance and any planned or pending special assessments.

What Buyers Should Ask For

• The milestone inspection summary, if the building has had a milestone inspection (ask for any Phase 2 report too)
• The most recent structural integrity reserve study, or a statement that none has been completed
• The annual budget and financial statement, plus the reserve balance and any special assessments
• Board minutes from the past year, for planned repairs

For a resale, Florida law (section 718.503(2)) entitles the buyer, at the seller’s expense, to the declaration, articles, bylaws and rules, annual financial statement and budget, Q&A sheet, milestone inspection summary (if applicable), the most recent SIRS or a statement that none exists, and any turnover inspection report. Unless the buyer received them more than 7 days before signing, the buyer may cancel within 7 days (excluding weekends and legal holidays) after signing and receiving them, until closing. A buyer purchasing from the developer has 15 days (section 718.503(1)). Board minutes, reserve balances and special-assessment details are not on the statutory list; request them separately. Read our complete guide to Florida condo milestone inspections and SIRS.

Full list: see our Florida condo due diligence checklist, with every document to get before you sign and the Florida statute behind each one.

Frequently Asked Questions

How much does a condo at Delray Summit cost?

Residences at Delray Summit are priced $1.1 million to $2.5 million as of October 2026.

When is the milestone inspection due at Delray Summit?

The statewide deadline for Delray Summit is December 31, 2024. The City of Delray Beach Building Division notifies associations when an inspection is due, so confirm the schedule and the latest report with the association or the Building Division.

Where is Delray Summit?

Delray Summit is at 1000 Lowry St, on the barrier island east of the Intracoastal Waterway. Ask about the view and beach or water access of a specific residence.

More Delray Beach Luxury Condos

• Every Delray Beach condo from $1 million
• Delray Beach, FL guide
• 1625 Ocean, Delray Beach
• Seagate Residences, Delray Beach
• Barr Terrace, Delray Beach
• 1177 Moderne, Delray Beach
• Gulf Stream condos
• Highland Beach oceanfront condos
• Florida condo milestone inspection and SIRS guide (2026)

Last updated October 24, 2026. Building details come from county property records, public listings and government sources and are deemed reliable but not guaranteed. Prices are asking prices or estimates as of the date shown. Not legal, financial or engineering advice. Full disclaimer