About This Home
This 4-bedroom, 2-bathroom single family at 502 SE 3rd Avenue in Delray Beach, FL is listed for $980,000 ($672 per sqft). Built in 1986, the home offers 1,458 sqft of living space on a 0.15 acres lot.
Key Features
- Built in 1986
- 0.15 acre lot
- 6 parking spaces
Property Details
Amenities
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
Monthly Cost Estimate
$5,241/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
502 SE 3rd Avenue
Delray Beach, FL 33483
OSCEOLA PARK
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 2-bathroom single family at 502 SE 3rd Avenue is listed at $980,000 ($672/sqft). The estimated monthly payment is $5,241 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1986, 0.15 acre lot, 6 parking spaces. Interior Features: Bedroom Layout - Split.
This property is listed by Rebekah Lee Urbina and can be reached at 5618278469.
