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.
Property Details
Listing Information
- MLS ID
- B26049769
- Listing Status
- Active
- Property Type
- Single Family Residence
- Bedrooms
- 3
- Bathrooms
- 3
- Living Area
- 1,228 sq ft
- Lot Size
- 11,323 sq ft
- Year Built
- 1965
- Community
- PLUMOSA PARK SEC A, B AND D
- County
- Palm Beach
Property Features
- Interior Features
- Built-in Features, Kitchen Island, Storage
- Appliances
- Electric Water Heater, Dryer, Disposal, Dishwasher, Gas Range, Ice Maker, Microwave, Refrigerator, Water Heater, Washer, Range, Freezer
- Cooling
- Central Air, Ceiling Fan(s)
- Heating
- Central
- Parking
- Driveway
- Waterfront
- False
- Waterfront Features
- None
- Lot Features
- Fruit Tree(s), Landscaped
- Property Tax
- $10,228.21 (2025)
