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Luxury Partners Realty
502 SE 3rd Avenue, Delray Beach, FL 33483
- $980,000
- 4
- BD
- 2
- BA
- 1,458
- SqFt
- List Price
- $980,000
- Price Change
- ▼ $20,000 1786498454
- Days on Market
- 141
- MLS#
- B26029760
- Bedrooms
- 4
- Full Bathrooms
- 2
- Sq. Ft
- 1,458
- Subtype
- Single Family Residence
- County
- Palm Beach
- Subdivision
- Osceola Park
- Year Built
- 1986
Property Description
Lot play, not a house sale. Corner lot, 6,510 SF, R-1-A, no HOA, two to three blocks south of Atlantic, walk or bike to the beach. FEMA Zone X. City and CRA street, alley, sidewalk, lighting, and utility work is done. New homes on the block are trading around $2.3M-$3.7M. The 1986 ranch, 1,458 SF, is the teardown, which is why the house price per foot is not the underwriting. Reduced to $980,000, about $151 a land foot. Cover and tour images of a new house are renderings for vision only, not the existing improvement and not an approved plan. Buyer to verify setbacks, coverage, and height with the City of Delray Beach. Cash or conventional. Build in one of East Delray's last downtown-adjacent grids where demand still outpaces available dirt. Osceola Park is the SOFA grid, south of Atlantic. The City and the CRA rebuilt the streets starting in 2020: paved roads and alleys, sidewalks, LED lighting, traffic calming, and new water and sewer, including this quadrant between Southeast 2nd and Southeast 5th Avenues. Builders followed. Modern 3,200-4,000 square foot homes are rising on the same blocks, with finished product offered from about $2.3 million to $3.2 million. From this corner, Atlantic is two to three blocks north and the ocean is a short walk or bike ride east. The opening is a corner lot that has not been rebuilt yet, on a grid where the city work is done and the new houses are already selling. Buyer to verify setbacks, coverage, and height with the City of Delray Beach.Private appointments only. No drop-ins. Investment highlights Lot play, not a house sale. Price the land. 6,510 SF corner, 0.15 acres, R-1-A, no HOA, no association rental restriction Two to three blocks south of Atlantic. Walk or bike to the beach Public infrastructure already spent: CRA / City streets, alleys, sidewalks, lighting, water and sewer Builder proof on the block. New homes trading and shells going up around $2.3M-$3.2M One of the last downtown-adjacent quadrants not fully rebuilt. Northeast Atlantic and the marina are largely done Existing ranch is a teardown canvas Cash or conventional. Showings by appointment
Additional Information
- Pets Allowed
- No Pet Restrictions, Yes
- Construction
- Concrete, Stucco
- Cooling
- Central Air
- Equipment
- None
- Flooring
- Ceramic Tile, Laminate
- Heating
- Central
- Restrict
- No Restrictions, OK To Lease
- Roof
- Shingle
- Security
- Window Bars
- Taxes
- $2,194
- Utilities
- Electricity Connected, Sewer Connected, Water Connected
- Stories
- 1
- Acres
- 0.15
- Price Per Sqft
- $672
- Elementary School
- Pine Grove
- Middle School
- Carver Community
- High School
- Atlantic
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Listing courtesy of LPT Realty, LLC. Contact:
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Rebekah Lee Urbina | Email: becky@terrabuckleygroup.com