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Bean Group
Offered at $1,850,000Active
beds
—
baths
0
sq ft
—
Built
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229 NE 5th Street

Delray Beach, FL 33444

About this home

This property presents an exceptional opportunity to acquire a premier vacant homesite in the highly sought-after neighborhood of Del Ida Park, one of East Delray Beach's most desirable and rapidly evolving coastal communities. Ideally positioned just moments from Atlantic Avenue, the Intracoastal Waterway, and Delray Beach's pristine shoreline, this offering provides a rare chance to create a custom luxury residence in the heart of one of South Florida's most vibrant lifestyle destinations. The property is being offered with seller-provided conceptual drawings illustrating the potential to construct an extraordinary new 5,365 square foot coastal-inspired dream home thoughtfully designed to embrace the relaxed sophistication synonymous with luxury South Florida living The proposed residence incorporates timeless coastal architecture, expansive indoor-outdoor entertaining spaces, resort-style amenities, and a modern open floor plan tailored for both everyday living and refined entertaining. Surrounded by newly developed luxury residences and architecturally significant homes, Del Ida Park has quickly emerged as one of Palm Beach County's most coveted residential enclaves for buyers seeking walkability, privacy, and proximity to downtown Delray Beach. Residents enjoy effortless access to award-winning restaurants, boutique shopping, marinas, private clubs, and the vibrant energy of Atlantic Avenue while maintaining the charm and tranquility of a quiet tree-lined neighborhood. Opportunities to secure a vacant lot of this size and caliber in East Delray Beach are increasingly limited, particularly within such close proximity to the area's premier lifestyle amenities and waterfront attractions. Whether envisioned as a personal legacy estate, luxury seasonal retreat, or speculative development opportunity, 506 NE 3rd Avenue represents a compelling investment in one of South Florida's strongest luxury residential markets.

Listing last checked: Listing updated:

Listed by Andrew Maggiore · SDG Real Estate LLC · MLS #B26028787

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Details at a glance

Building1 property facts
Style
Unimproved Land
Land & utilities4 property facts
Lot size
0.19 acres
Water
Public
Sewer
Public Sewer
Zoning
RL (city)
Financial2 property facts
Annual taxes
$15,942
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $1,850,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$10,683 / monthAdjust
Principal & interest
$9,355
Property tax
$1,329
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $15,942. 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.

More property insights

Comparable properties 3 supplied

Sold Jul 18, 2026

$1,900,000

36 S Sewalls Point Road

Sold Aug 10, 2026

$1,900,000

Krome Avenue

Sold Aug 8, 2026

$1,700,000

5800 S Us Highway 1

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About 229 NE 5th Street

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Request a tour of 229 NE 5th Street and a Bean Group agent will help coordinate an available time with the listing side.

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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

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