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.
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1638 NE 3rd Avenue
Delray Beach, FL 33444
HIGHLIGHTS
Price
$1,250,000
Status
Active
Year Built
1965
Bedrooms
3
Bathrooms
3
Living Sq Ft
1,228
Total Sq Ft
1,360
MLS Number
B26049769
SANCTUARY
Property Details
Interior
Interior Features
Built-in Features, Kitchen Island, Storage
Flooring
Tile
Rooms
Kitchen, Living Room, Master Bedroom
Master Bedroom & Bath
2 Master Baths
Exterior
Private Pool
Yes
Waterfront
No
Dwelling & Lot
Stories
1
Utilities
Electricity Connected, Sewer Connected, Water Connected
Storm Protection
Other Protection
Lot Description
City Street, East of US-1
Legal Description
PLUMOSA PARK SEC A LOT 99
Lot Sq Ft
11,323
Front Exposure
East
Community
Subdivision
PLUMOSA PARK SEC A, B AND D
Taxes
$10,228.21
Security
Security Patrol
Pets Allowed
Yes
Listing Courtesty of Cristian Y. Ramirez at Keller Williams Coastal Partners
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