RARE LUXURY DEVELOPMENT OPPORTUNITY IN EAST DELRAY BEACH! Exceptional opportunity to acquire a prime 0.38-acre parcel just ½ mile from the beach, ideally located off prestigious George Bush Boulevard and surrounded by multimillion-dollar estates and luxury townhome communities. This highly desirable coastal location offers the potential to develop up to FIVE luxury townhomes, subject to city approvals. An ideal setting for an exclusive boutique development featuring upscale contemporary residences designed to attract discerning luxury buyers. Conveniently located minutes from Atlantic Avenue's world-class dining, shopping, and entertainment. The property currently features an existing single-family residence, with redevelopment representing its highest potential use. Opportunities to acquire land of this size in such a coveted coastal location are increasingly rare. A PREMIER OPPORTUNITY FOR BUILDERS, DEVELOPERS, AND INVESTORS! Buyer responsible for verifying zoning, density, development feasibility, and all required approvals with the City of Delray Beach. Proposed renderings, if provided, are conceptual only and have not received city approval.
| MLS # | B26088889 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1949 |
| Days On Site | 20 |
| Listing Provided By | Steadfast Realty LLC | Jack Hinkel |
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,556 |
| Garage | 2 |
| Story(s) | 1 |
| Zoning | RM (city) |
| Acreage | 0.38 |
| Property View | Yes |
| Lot Features | None, Quarter To Half Acre Lot |
|---|
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Attached, Driveway, Garage |
| Tax Annual Amount | 3348.79 |
|---|
| State | FL |
|---|---|
| County | Palm Beach |
| City | Delray Beach |
| Zip Code | 33483 |
| Area | 4220 |
| Subarea | PB06 |
| Community Name | FREY SOPHIA ADD TO DELRAY |
| Listing VS Median (in FREY SOPHIA ADD TO DELRAY) | |
Price: $3,800,000 low | high Med: $3,800,000 sqft: 2,556 low | high Med: 2,556 $ / sqft: $1,487 low | high Med: $1,487 On site: 20 low | high Med: 20 | |
| State | FL |
|---|---|
| County | Palm Beach |
| City | Delray Beach |
| Zip Code | 33483 |
| Area | 4220 |
| Subarea | PB06 |
| Community Name | FREY SOPHIA ADD TO DELRAY |
| Listing VS Median (in FREY SOPHIA ADD TO DELRAY) | |
Price: $3,800,000 low | high Med: $3,800,000 sqft: 2,556 low | high Med: 2,556 $ / sqft: $1,487 low | high Med: $1,487 On site: 20 low | high Med: 20 | |
![]() | $2,995,000917 Ne 8th AvenueDelray Beach, FL 33483 |