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    514 NE 3Rd Ave Delray Beach, FL 33444

    For Sale
    $2,200,000

    Single Family Detached, Single Family - Delray Beach, FL

    Type:Single Family Residence
    Days on Market:
    50
    Last Refresh:
    Dec 11 at 9:06 am

    Property Features for 514 NE 3Rd Ave

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Vegetation
    Cleared
    Zoning
    RL
    APN
    12434609290080120
    Exterior features
    Cleared, Curb

    Building Details

    Architectural style
    Other

    Posh Properties (561) 537-0050 [email protected]

    Listing agent Jessica Caraballo (561) 330-4731

    Listing date Oct 23, 2025

    MLS# RX-11133861 Listing URL

    Copyright © 2025 BeachesMLS / Flexmls. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Permit-Ready Corner Estate Site

    This property presents a rare opportunity in downtown Delray Beach: a fully designed, permit-ready corner custom estate site. Designed by award-winning Randall Stofft Architects, the site is located just four blocks from Atlantic Avenue and less than a mile from the beach. Situated on a 13,165 +/- SF lot within the Del Ida Park overlay, the offering includes plans for a two-story coastal-transitional estate totaling 6,217 SF, with 4,941 SF under air. The planned residence features six bedrooms, six-and-a-half baths, a wellness suite, club/flex room, office/gym, and a resort-style courtyard pool. Surrounded by new multimillion-dollar residences, including two luxury homes planned on the adjacent parcels, the property anchors a block that's rapidly becoming one of East Delray's most desirable addresses. The location allows for walking or golf-cart access to cafes, boutiques, and Atlantic Avenue. The property is zoned RL for residential land and home lots and land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Dental Office Realty agency Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.06977
    Latitude
    26.470514

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    FAQs

    What type of property is this?
    Residential land & home lot - Downtown Delray Beach opportunity: custom estate site near Atlantic Avenue.
    Where is this residential land & home lot located?
    The property is located at 514 NE 3Rd Ave Delray Beach, FL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Permit-ready custom estate site designed by award-winning Randall Stofft Architects.; - Prime downtown Delray Beach location, just four blocks from Atlantic Avenue and less than a mile to the beach.; - Plans included for a 6,217 SF coastal-transitional estate with six bedrooms and six-and-a-half baths.
    (561) 330-4731
    Request Owner's contact information
    514 NE 3Rd Ave Delray Beach, FL 33444
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    Delray Beach, FL 33444
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    514 NE 3Rd Ave Delray Beach, FL 33444
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