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502 SE 3rd AVE Delray Beach, FL 33483

4 Beds

2 Baths

1,458 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,458 sqft

Subdivision Osceola Park

MLS Listing ID B26029760

Style Ranch

Bedrooms 4

Full Baths 2

Construction Status Resale

HOA Y/N No

Year Built 1986

Annual Tax Amount $2,194

Tax Year 2025

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Single Family Residence

Property Description

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

Location

State FL

County Palm Beach

Area 4370

Rooms

Main Level Bedrooms 2

Interior

Interior Features Main Level Primary, Split Bedrooms, Tub Shower

Heating Central

Cooling Central Air

Flooring Ceramic Tile, Laminate

Equipment None

Fireplace No

Window Features Blinds

Appliance Oven, Range, Refrigerator

Laundry Inside

Exterior

Parking Features Concrete

Fence Back Yard

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Water Access Desc Public

Roof Type Shingle

Accessibility None

Road Frontage City Street

Total Parking Spaces 6

Garage No

Private Pool No

Building

Lot Description Corner Lot, None, < 1/4 Acre

Dwelling Type House

Faces North

Story 1

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories One

Unit Floor 1

New Construction No

Construction Status Resale

Schools

Elementary Schools Pine Grove

Middle Schools Carver Community

High Schools Atlantic

Others

Pets Allowed Yes

Senior Community No

Restrictions No Restrictions,OK To Lease

Tax ID 12434621010060100

Security Features Window Bars

Acceptable Financing Cash, Conventional

Membership Fee Required false

Listing Terms Cash, Conventional

Special Listing Condition Standard

Pets Allowed No Pet Restrictions, Yes

Virtual Tour https://www.propertypanorama.com/502-SE-3rd-Avenue-Delray-Beach-FL-33483/unbranded

Listed by Rebekah Lee Urbina LPT Realty, LLC

Scott Franzen

502 SE 3rd AVE Delray Beach, FL 33483

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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502 SE 3rd AVE

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