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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
Price: $1,250,000
Sq Ft: 1,228
($1,018 per
sqft)
Bedrooms: 3
Bathrooms: 3
Unit On Floor: 1
City: Delray Beach
County: Palm Beach
Type: Single Family
Development: Plumosa Park
Subdivision: Plumosa Park Sec A, B And D
Acres: 0.2600
Virtual Tour/Floorplan:
View
Year Built: 1965
Listing Number: B26049769
Status Code: A-Active
Taxes: $10,228.21
Tax Year: 2025
Garage:
Pets Allowed: Yes, No Restrictions
Interior Features:
Built-in Features
Kitchen Island
Storage
Financial Information:
Taxes: $10,228.21
Tax Year: 2025
Exterior Features:
Back Yard
Patio - Covered
Patio - Open
Porch - Open
Patio
Porch
Equipment:
Electric Water Heater
Dryer
Disposal
Dishwasher
Gas Range
Ice Maker
Microwave
Refrigerator
Water Heater
Washer
Range
Freezer
School Information:
Elementary School: Plumosa School Of The Arts K-8
High School: Atlantic
Additional Information:
MLS Area: 4360
Total Square Footage: 1,360
Price per Square Feet: $1,017.91
Total Rooms: 3
Total Floors: 1
Water: Public
Construction: Cbs
Date Listed: 2026-07-07 00:00:00
Pool: Y
Pool Description: In Ground, Salt Water, Private
Parking: Driveway
Flooring: Tile
Roof: Shingle
Heating: Central
Cooling: Central Air, Ceiling Fan(S)
Laundry: Laundry Closet, Inside
Pets: Yes, No Restrictions
Restrictions: No Restrictions
Sewer: Public Sewer
Lot Desc.: Fruit Tree(S), Landscaped
Parcel ID: 124346091900009
Map of 1638 Ne 3Rd Ave, Delray Beach, FL 33444
Listing Courtesy Of: Keller Williams Coastal Partners
cristian.r@kw.com