Sold Sep 10, 2026
$1,175,000About this home
Incredible investment opportunity to buy 2 lots on Allen Ave ($1.1M each) now in a rapidly transforming Delray Beach neighborhood surrounded by luxurious new single-family homes. This is a rare chance to secure a property on a street where values continue to rise as the area evolves. The lot currently features a four-plex generating consistent monthly income through long-term tenants and Airbnb, providing strong cash flow to cover expenses while you prepare to build. Delivered with complete, fully approved plans for a modern luxury single-family home exceeding 4,500 sq ft. Conveniently located east of Federal Highway, this offering combines a prime location with exceptional upside potential. Invest on this highly desirable street before it becomes more competitive! Each lot is ±7,100 sf. Call for details on the 2 lot land deal - each lot $1.1M
Listing last checked: Listing updated:
Listed by Christopher S Nicotra · Apollo Investment & Real Estat · MLS #B26065999
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Details at a glance
Building1 property facts
- Style
- Unimproved Land
Land & utilities4 property facts
- Lot size
- 0.16 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- R-1-A (city)
Financial3 property facts
- Annual taxes
- $23,708
- Assessment year
- 2025
- HOA fee
- $0 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $1,100,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$7,538 / monthAdjust
- Principal & interest
- $5,562
- Property tax
- $1,976
- Insurance
- Not entered
- HOA
- $0
Listing annual taxes: $23,708. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance 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
$2,500 · Sold $2,450 · Jan 6, 2025
More property insights
Comparable properties 2 supplied
Sold Aug 21, 2026
$1,140,000511 NE 82nd Terrace
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About 630 ALLEN Avenue
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