$7,200,000
Delray Beach, FL 33483
MLS# RX-11042955
2 baths | 14875 sqft
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Property Description
Discover a Prime Investment and Redevelopment Opportunity in Delray Beach Located just off Federal Highway in the vibrant city of Delray Beach, this approved project offers an extraordinary opportunity to create a luxury community of 16 sophisticated condos. These thoughtfully designed residences feature spacious 2-3 bedroom layouts, each exceeding 2,500 sq. ft. of elegant living space. A selection of condos includes private garages with direct access to the units, offering added convenience for future homeowners. The site plans also feature exceptional resort-style amenities, such as a pool, clubhouse, cabanas, and an outdoor kitchen, enhancing the appeal of this exclusive community. This project is perfect for someone ready to seize the opportunity to make their mark in Delray Beach!
Details
Contract Information
Status: Active
Original List Price: 7200000
Auction: No
List Price: $7,200,000
Current Price: $7,200,000
List Price/Bldg SqFt: 484.03
Listing Date: 2024-12-06
General Property Description
Type: MultiFamily (5+ Units)
For Sale: Yes
For Lease: No
Property Desc: Store/Redevelopment
Subdivision: DELRAY BEACH ESTS
Year Built: 2025
SqFt - Living: 14875
SqFt Source: Tax Rolls
# of Stories: 4
Total Units: 16
Baths - Total: 2
Acres: 1.37
% Air Conditioned: 100
Waterfront: No
Location Tax Legal
Area: 4360
County: Palm Beach
Parcel ID: 12434604300000020
Street #: 2400
Street Dir: N
Street Name: Federal
Street Suffix: Highway
Zip Code: 33483
Legal Desc: PBT REPL 1 LT 2
Geo Lat: 26.487249
Geo Lon: -80.065206
Property Features
Use: Industrial; Mixed; Other
Type of Building: Commercial; Income; Retail
Sale Includes: Building and Land
Avail Docs: Survey
Avail Info: Existing Survey
Flooring: Other
Cooling: Central
Heating: Other
Fire Protect: Smoke Alarm
Tenant Pays: Electric; Water
Utilities: Public Sewer; Public Water
Roof: Other
Terms Considered: Cash; Conventional
Lease: None
Possession: At Closing; Funding
Listing Office: Compass Florida LLC
Last Updated: January - 23 - 2025
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