$5,500,000
Delray Beach, FL 33483
MLS# B26022876
Status: Active Under Contract
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Property Description
Exceptional development opportunity in East Delray Beach, positioned along the eastern edge of the rapidly growing Osceola Park neighborhood. This prime parcel includes previously approved plans for 8 modern luxury townhomes, each designed with private pools and a clean, contemporary aesthetic. The project was formerly permitted, offering a meaningful head start for developers looking to move quickly. Plans call for 8 residences (8 doors) with strong appeal to today's luxury buyer seeking new construction near downtown and the beach. Located just minutes from Atlantic Avenue, pristine beaches, and Delray's vibrant dining and cultural scene, this site sits within one of the city's most active redevelopment corridors, surrounded by new construction Osceola Park.
Details
Maps
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: No
LP/Acre: 9482758.62
Listing Date: 2026-05-01
Status: Active Under Contract
Original List Price: 5500000
List Price: $5,500,000
Current Price: $5,500,000
Listing Service: Full Service
Location and Legal
County Or Parish: Palm Beach
Development Name: 354 South
Geographic Area: PB06
Country: United States
Street Number: 354
Street Direction Prefix: SE
Street Name: 5th
Street Suffix: Avenue
State Or Province: FL
Postal Code: 33483
Subdivision Name: OSCEOLA PARK
Area: 4370
Elementary School: Pine Grove
Middle Or Junior School: Carver Community
High School: Atlantic
Parcel Number: 12434621011040070
Zoning: CBD(ci
Directions: Atlantic Avenue south on Federal Hwy aka SE 5th Avenue, 4 blocks south of Atlantic Avenue, just south of the Onix project on the west side of 5th Avenue.
General Property Information
Transaction Type: Listing For Sale
LP/SqFt: 216.35
Property Sub Type: Unimproved Land
Lot Size Acres: 0.58
Lot Size Square Feet: 25422
Direction Faces: East
Financial Information
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 0
Membership Fee Required YN: No
Tax Year: 2025
Tax Annual Amount: 49625
Tax Legal Description: OSCEOLA PARK LTS 7 THRU 10 (LESS E 10 FT SE 5TH AVE R/W) BLK 104
Office/Member Information
DXORIGMLSID: RML
Electric
Three Phase: 1
Special Listing Conditions
Standard: 1
Documents Available
Building Plan: 1
Survey: 1
Current Use
Commercial: 1
Multi-Family: 1
Unimproved: 1
Development Status
Recorded Plat: 1
Environmental Audit
Unknown: 1
Location of Property
City Location: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Possible Use
Commercial: 1
Sewer
Public Sewer: 1
Trees
None: 1
Utilities
Cable Available: 1
Electricity Available: 1
Phone Available: 1
Water Available: 1
Vegetation
Other: 1
View
City: 1
Listing Terms
Cash: 1
Conventional: 1
Trade: 1
Lot Features
Cleared: 1
Street Lights: 1
Road Frontage Type
Rural Road: 1
Road Surface Type
Paved: 1
Water Source
Public: 1
Showing Requirements
Call Listing Agent: 1
Sign On Property: 1
Tax Information
City/County: 1
Contingencies
Other: 1
Elevation Description
0-5 Feet Above Sea Level: 1
Acreage Description
1/2 To Less Than 1 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-06-04T16:55:57Z
Major Change Type: Status Change
Status Change Date: 2026-06-04
Under Contract Type: Active Under Contract
Under Contract Date: 2026-05-29
Originating Details
Originating System Key: 20260501173646637862000000
Originating System ID: M00000170
Property Features
Current Use: Commercial; Multi-Family; Unimproved
Development Status: Recorded Plat
Documents Available: Building Plan; Survey
Electric: Three Phase
Environmental Audit: Unknown
Location of Property: City Location
Possession: Close Of Escrow; Negotiable
Possible Use: Commercial
Sewer: Public Sewer
Special Listing Conditions: Standard
Trees: None
Utilities: Cable Available; Electricity Available; Phone Available; Water Available
Vegetation: Other
Listing Terms: Cash; Conventional; Trade
Lot Features: Cleared; Street Lights
Road Frontage Type: Rural Road
Road Surface Type: Paved
Tax Information: City/County
Water Source: Public
Showing Requirements: Call Listing Agent; Sign On Property
Contingencies: Other
Elevation Description: 0-5 Feet Above Sea Level
Acreage Description: 1/2 To Less Than 1 Acre Lot; Less Than 1 Acre Lot
Listing Office: The Corcoran Group
Last Updated: October - 19 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
