Income-Producing Redevelopment Opportunity in East Delray Beach! Surrounded by newly constructed luxury properties and significant neighborhood transformation, this property presents an outstanding opportunity for builders, developers, investors, or end users seeking long-term value and future upside. The residence is currently leased through 2028 with a scheduled 3% rent increase in 2027, providing immediate cash flow while architectural plans, engineering, permitting, and future redevelopment are pursued. Whether your vision is to renovate and significantly expand the existing residence or construct a new custom estate, this property offers exceptional long-term potential.
| MLS # | B26049769 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 128 |
| Listing Provided By | Keller Williams Coastal Partners | Cristian Y Ramirez |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,228 |
| Pool | Yes |
| Story(s) | 1 |
| Zoning | R-1-AA (city) |
| Acreage | 0.26 |
| Lot Features | Fruit Trees, Landscaped, Quarter To Half Acre Lot |
|---|
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway |
| Tax Annual Amount | 10228.21 |
|---|
| State | FL |
|---|---|
| County | Palm Beach |
| City | Delray Beach |
| Zip Code | 33444 |
| Area | 4360 |
| Subarea | PB06 |
| Community Name | PLUMOSA PARK SEC A, B AND D |
| Listing VS Median (in PLUMOSA PARK SEC A, B AND D) | |
Price: $1,250,000 low | high Med: $0 On site: 128 low | high Med: | |
| State | FL |
|---|---|
| County | Palm Beach |
| City | Delray Beach |
| Zip Code | 33444 |
| Area | 4360 |
| Subarea | PB06 |
| Community Name | PLUMOSA PARK SEC A, B AND D |
| Listing VS Median (in PLUMOSA PARK SEC A, B AND D) | |
Price: $1,250,000 low | high Med: $0 On site: 128 low | high Med: | |
![]() | $1,199,0001634 Ne 3rd AvenueDelray Beach, FL 33444 |
![]() | $1,250,000263 Ne 16thDelray Beach, FL 33444 |