Sold Jun 26, 2026
$625,000About this home
SHORT-SALE! PROFORMA 10-11% CAP RATE! Downtown Delray builder special! 16,030sf CORNER LOT (140ftx114ft). Great opportunity! New construction around! Existing singe-family home situated on enormous lot and features main house with 3br/2ba, garage and two additional efficiency/studio units. Potential options: 1) Redevelopment opportunity: build 1 or 2 homes; each house could have large 8,000sf+/- lots 2) Add/build ADU, 3) Combine house into large interior space to create one large home 4) Rehab & maintain same floor plan then rent out all 3 spaces; PROFORMA 10-11% CAP RATE! Excellent location near Swinton Ave; ~1 mile to the beach. Spacious yard. Walk to Swinton/Atlantic Ave, downtown! No HOA! Short-term rental potential! Located in Opportunity Zone and Delray Beach CRA District!
Listing last checked: Listing updated:
Listed by Matan Morag PA · Regency Realty Services · MLS #R11011239
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Details at a glance
Building1 property facts
- Style
- Unimproved Land
Land & utilities4 property facts
- Lot size
- 0.37 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- Res
Financial2 property facts
- Annual taxes
- $6,197
- Assessment year
- 2023
Location
Estimated monthly cost
Explore costs at the $650,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$3,803 / monthAdjust
- Principal & interest
- $3,287
- Property tax
- $516
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $6,197. 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
- Sld
$250,000 · Sold $170,000 · Apr 10, 2020
More property insights
Comparable properties 2 supplied
Sold Aug 17, 2026
$700,0002351 SNEED Road
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About 821 SW 4th Avenue
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