1638 3rd Avenue, Delray Beach, FL 33444

$1,250,000 — Active

Property Features

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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 ID: B26049769
  • Status: Active
  • Listing Date: 2026-07-07
  • Property Type: Single Family Residence
  • Subdivision: PLUMOSA PARK SEC A, B AND D
  • County: Palm Beach
  • MLS Area: 4360
  • Bedrooms: 3
  • Full Bathrooms: 3
  • Living Area Sq Ft: 1,228
  • Year Built: 1965

Financial

  • List Price: $1,250,000
  • HOA Fee: None
  • Taxes: $10,228/yr

Features & Amenities

  • Pets Allowed: Yes, No Restrictions
  • Parking: Driveway
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Central
  • Flooring: Tile
  • Construction: CBS
  • Roof: Shingle
  • Interior Features: Built-in Features, Kitchen Island, Storage

Courtesy of Keller Williams Coastal Partners
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RAPB

© 2026 Starfish Real Estate. Listings updated Nov 10, 2026 5:00 am. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.