1638 NE 3rd Avenue, Delray Beach, FL 33444

$1,250,000
3
BD
3
BA
1,228
SqFt

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List Price
$1,250,000
Listing Price
$1,250,000
Days on Market
68
MLS#
B26049769
Bedrooms
3
Bathrooms
3
Living Sq. Ft
1,228
Property Class
Single Family Residential
Elementary School
Plumosa School of the Arts K-8
High School
Atlantic
Status
ACTIVE
County
Palm Beach
Region
4360
Development
PB06
Subdivision
Plumosa Park Sec A, B And D

Property Description

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.

Additional Information

Tax Year
2025
Year Built
1965
Pets
Yes
Waterfront Description
None
Pool
Yes
Lot Size
0.26
Construction
Block
Restrictions
NoRestrictions
Roof
Shingle
Flooring
Tile
Exterior Features
Outdoor Living Area
Water
Public
Sewer
Public Sewer
Cooling
Central Air, Ceiling Fan(s)
Interior Features
Built-in Features, Kitchen Island, Multiple En Suite Bathrooms, Storage
Waterfront
None
Unit Floor
1

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Coastal Partne. Contact: