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Status:
Active
Size: 0.37 Acres (1,489 m2)
Price: $1,756,757/Acre ($436/m2)
Type: Land
MLS Number: R11011239
On Site: 566 Days
Updated: 5 Days ago
Page Views: 0
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!
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: 451
- Compass Point: SW
- Office Name: Regency Realty Services
- Area: 0.37
- Taxes: 6197
- Tax Year: 2023
- Listing Date: 2024-08-08T20:00:00.000-00:00
- Lot Size Square Feet: 16030
Apples-to-Apples Comparables
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Price History
11/16/2025
Date
Price Increased
Event
$650K
Price
26.21%
Change Rate
$41 ft2 / $436 m2
Price Per
06/25/2025
Date
Price Reduced
Event
$515K
Price
-20.77%
Change Rate
$32 ft2 / $346 m2
Price Per
08/09/2024
Date
Listed
Event
$650K
Price
$41 ft2 / $436 m2
Price Per
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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