About this home
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.
Listing last checked: Listing updated:
Listed by Cristian Y Ramirez · Keller Williams Coastal Partners · MLS #B26049769
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Details at a glance
Interior3 property facts
- Heating
- Central
- Cooling
- Central Air, Ceiling Fan(s)
- Flooring
- Tile
Building4 property facts
- Style
- Single Family Residence
- Year built
- 1965
- Parking
- 3
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.26 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- R-1-AA (city)
Financial2 property facts
- Annual taxes
- $10,228
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $1,250,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$7,173 / monthAdjust
- Principal & interest
- $6,321
- Property tax
- $852
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $10,228. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- Lsd
$3,800 · Sold $3,600 · Feb 25, 2024
- Lsd
$4,500 · Sold $4,500 · May 17, 2023
- Sld
$279,900 · Sold $260,000 · Apr 10, 2018
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About 1638 NE 3rd Avenue
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