1638 NE 3rd Avenue
Delray Beach, FL 33444Income-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.
$1,250,000
Florida Listing-
County Palm BeachMLS Area 4360Latitude 26.48214Longitude -80.068102Geo Area PB06Subdivision PLUMOSA PARK SEC A, B AND D
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Interior Built In Features, Kitchen Island, Multiple En Suite Bathrooms, StorageFull Baths 3Heating CentralCooling Central Air, Ceiling FansFloors TileLaundry Inside, Laundry Closet
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Stories 1Is New Construction NoConstruction CBS Concrete Block Structure, BlockExterior Outdoor Living AreaRoof ShingleWater Source PublicSeptic or Sewer Public SewerUtilities Electricity Connected, Sewer Connected, Water ConnectedParking Description DrivewayHas Garage NoPatio / Deck Description Covered, Patio, Porch
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Elementary School Plumosa School of the Arts K-8High School Atlantic
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Possession Subject To Tenant RightsProperty Type ResidentialProperty Subtype Single Family ResidenceYear Built 1965Status ActiveIs Senior Community NoPets NoPetRestrictions,YesTax Year 2025Tax Amount $10,228
Listing Courtesy of:
Listing Courtesy of Keller Williams Coastal Partners
Listing data courtesy of the source MLS.
Information deemed reliable but not guaranteed.
