$8,500,000
$400K PRICE INCREASE

Estimated payment $54,004/month

Total Views 4,115
1.71 Acres
$4,970,760 Price per Acre
74,488 Sq Ft Lot

About This Lot

Join an exciting development project in the heart of Delray Beach! This 1.71-acre mixed-use site offers incredible potential, with approved plans for 18 luxurious, 3-level townhomes. Strategically located along Federal Highway with additional frontage on Old Dixie Highway. Each townhome features approximately 3,000 sq. ft., 3 bedrooms with en-suite bathrooms, covered balconies, and 2-car garages. Alternatively, the charm of Ellie's 50s Diner can be preserved to restore its legacy, or the space can be repurposed into a vibrant retail hub, offering even more flexibility to maximize its value. Delray Beach is thriving, and this is your chance to invest in a prime location with limitless possibilities. Don't miss this transformative opportunity!

Listing Agent

Mark Barone

Compass Florida LLC License #3255921

Compass Florida LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $79,838

Year Built

  • 1970

Lot Details

  • 1.71 Acre Lot
  • Property is zoned GC(cit

Community Details

  • Delray Beach Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12434604080000090

Property Details

Property Type

Land

Est. Annual Taxes

$79,838

Year Built

1970

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Commercial
  • Property Sub Type Additional: Commercial
  • Directions: From 95 - Atlantic Ave E, N on NE 6th Ave, property on W side of Federal Highway
  • Special Features: VirtualTour
  • Year Built: 1970

Exterior Features

  • Waterfront: No

Lot Info

  • Parcel #: 12434604080000090
  • Development Status: Raw Land
  • Lot Size Acres: 1.71
  • Lot Size: 1 to < 2 Acres
  • Lot Size Sq Ft: 8656.0
  • Zoning Description: GC(cit
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 79838.0

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $80,415 $3,757,955 -- --
2023 $79,838 $3,608,296 $2,460,990 $1,147,306
2022 $43,233 $1,588,652 $0 $0
2021 $39,368 $1,444,229 $950,294 $493,935
2020 $42,728 $1,560,482 $950,294 $610,188
2019 $41,562 $1,566,363 $904,871 $661,492
2018 $38,875 $1,539,577 $878,573 $661,004
2017 $36,605 $1,316,452 $836,737 $479,715
2016 $34,148 $1,053,660 $0 $0
2015 $32,547 $957,873 $0 $0
2014 $31,532 $870,794 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2025 01/22/25 Price Changed $8,500,000 +4.9% --
12/10/2024 12/10/24 For Sale $8,100,000 -- --
Source: BeachesMLS

Deed History

Date Type Sale Price Title Company
Warranty Deed $5,000,000 Simon And Schmidt
Warranty Deed $30,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,750,000 Credit Line Revolving
Closed $3,750,000 New Conventional
Previous Owner $350,000 Commercial
Source: Public Records

Source: BeachesMLS

MLS Number: R11043866

BeachesMLS

APN: 12-43-46-04-08-000-0090