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Approved Three-Story Condo Development
For Sale
$4,300,000

1405 N Federal Hwy, Delray Beach, FL 33483

For sale with approved plans for nine condominium residences, including a resort-style pool and dedicated entertainment spaces.

Property SizeContact for details
Days on Market52

Property Features for 1405 N Federal Hwy

General Information

Standard status Active
Property subtype Commercial

Additional Details

Multifamily Units 9

Building Details

Stories 3
Listing Agency: Serhant Florida LLC
Listed By: Renee Nicole Strack · License #3473755
Source: Elliman
Added: Jun 17 Changed: Jul 10 Last Checked: Aug 7 at 4:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Serhant Florida LLC

Investment Insights

Based on property information with market context.

This for-sale development opportunity includes approved plans for a three-story residential building with nine condominium residences. Each unit is planned to be approximately 2,500 square feet and designed for contemporary high-end living. The proposal also calls for a resort-style pool and dedicated entertainment spaces intended to support resident gathering and recreation.

The property is located at 1405 N Federal Hwy in Delray Beach, Florida. WalkScore is 66 (Somewhat Walkable) and BikeScore is 69 (Bikeable), providing a useful reference point for mobility and access in the surrounding area.

Built around a condominium configuration, the project is positioned for buyers looking to develop or sponsor a multi-unit residential asset with a defined amenity package. With approvals already in place, the concept provides a clear path for moving forward with the planned unit count and community features described in the materials.

Key Highlights

  • Approved plans for a three‑story residential building with 9 condominium residences
  • Each condo planned with approximately 2,500 SF
  • Planned resort‑style pool

Property Analytics

Current Use

Mobilize Physical Therapy Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Locksmith Tattoo & Piercing Shop Electrical Service Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

714
Businesses Nearby

Demographics for 33483, FL

13,103
Population
9,493
Households
1.4
Avg Household Size
59
Median Age
57%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
3,448
Density / Sq Mi
$117,854
Median Household Income
$60,502
Median Earnings
$2,306
Median Rent
$755,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - For sale with approved plans for nine condominium residences, including a resort-style pool and dedicated entertainment spaces.
Where is this apartment building located?
The property is located at 1405 N Federal Hwy Delray Beach, FL.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Approved plans for a three‑story residential building with 9 condominium residences; Each condo planned with approximately 2,500 SF; Planned resort‑style pool
More about this property
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