Downtown Delray, 821 SW 4th Ave

Own in Downtown Delray?
Beds
0.37
Acre
$1,756,757
$/Acre
High-End Land
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!
MLS Number: R11011239
On Site: 796 Days
Updated: 21 Days ago
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Features

All features
  • Current Use: SingleFamily
  • Approx SqFt Total Area: 16030
  • Property SqFt: 16030
  • Remarks: 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!
  • REO: ShortSale
  • Internet Remarks: 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!
  • Waterfront: No info
  • Directions: North
  • Days on Market: 543
  • Compass Point: SW
  • Office Name: Regency Realty Services
  • Taxes: 6197
  • Tax Year: 2023
  • Listing Date: 2024-08-09T16:25:06.000-00:00
  • Lot Size Square Feet: 16030

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Price History

Current
$650K
High
$650K
Low
$515K
Total Change
0%
$666K$583K$499KAug 24Jun 25Nov 25
Date
Event
Price
Change
Price Per
11/16/2025
Price Increased
$650K
26.21%
$41 ft2
$436 m2
06/25/2025
Price Reduced
$515K
-20.77%
$32 ft2
$346 m2
08/09/2024
Listed
$650K
 
$41 ft2
$436 m2
11/16/2025
$650K
Event
Price Increased
Change
26.21%
Price Per
$41 ft2
$436 m2
06/25/2025
$515K
Event
Price Reduced
Change
-20.77%
Price Per
$32 ft2
$346 m2
08/09/2024
$650K
Event
Listed
Price Per
$41 ft2
$436 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Matan Morag • Regency Realty Services • Buyer Agency Compensation .
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Community Snapshot
Studio – 6 BR
Bedrooms
$265K – $5M
Price Tier
638 - 6,560
SqFt Range
1960
Year Build
1
Total Floors

Subdivision Amenities

None
Pool
Sidewalks

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