Introducing a prime real estate investment opportunity in the heart of the Delray Beach real estate market. This distinctive property is walking distance to Pineapple Grove Arts District, the bustling Atlantic Avenue, and two blocks from the Delray Beach Tennis Center. Talk about location!
This property boasts an enviable location. The proximity to these areas ensures that a plethora of restaurants, cafes, and cultural venues are within easy reach, enhancing the appeal of this real estate offering.
Property Highlights:
Renovated Cottage: A charming 2-bedroom, 1-bathroom cottage featuring recent upgrades, including a new roof, impact-resistant windows, modern flooring, a fully updated kitchen with new appliances, a contemporary bathroom, and an in-unit washer and dryer.
Main House: A spacious and fully furnished 3-bedroom, 1-bathroom residence, offering comfortable living spaces suitable for families or tenants.
Detached Office/Studio: A versatile converted space equipped with a full bathroom, new flooring, and impact windows, perfect for a home office, studio, or additional guest accommodations.
Additional Features:
* Freshly painted exteriors enhancing curb appeal
* A fully-fenced perimeter ensuring privacy and security
* Located within a designated Opportunity Zone, presenting potential tax incentives for investors
Offered in as-is condition, providing a blank canvas for personalized enhancements.
This property represents a unique chance to own a versatile “compound” in the Delray Beach real estate market.
Investment Potential in Delray Beach Real Estate
Investing in Delray Beach real estate has consistently proven to be a lucrative endeavor. The city’s real estate market shows resilience and growth, with properties in prime locations maintaining strong value.
Living in this part of Delray Beach means embracing a lifestyle rich in entertainment and leisure. The property is within walking distance to a variety of restaurants and the beach, allowing residents to enjoy the coastal lifestyle to the fullest. From fine dining establishments to casual eateries, the culinary scene in Delray Beach is both diverse and vibrant.
This northwest area of the Delray Beach real estate market is the last to see such capital being deployed and will bring a tremendous boost to the local residential area.
This Delray Beach Real Estate Neighborhood Will Receive Heavy Capital Infusion
The Community Redevelopment Agency (CRA) has plans for this northwest part of downtown Delray – where this property is – that will bring in tens of millions of dollars to over the next half-dozen year. At the center of their plan is a complete, and massive, renovation of Pompey Park. That is just six blocks to the west. The City is in late stages of architectural designs and planning. Beyond that, all streets in the NW area will be upgraded with new asphalt streets, parking, bike lanes, electric poles and lighting and more.
This northwest area of the Delray Beach real estate market is the last to see such capital being deployed and will bring a tremendous boost to the local residential area.
And if you love this corner lot and think it’d be better suited for you next home, great. With over 10,000 square feet, the options are endless for a Key West style, or other modern home. When I think of prime Delray Beach real estate, this corner lot exemplifies world-class location and what you could envision and create.
For more details and to explore this exceptional offering, visit the property listing, here or here.
If this is something of interest to you, OR, if you could share this with someone who may find this interesting… I’d be grateful for your referral.
Happy Holidays!
(Main Photo: An aerial view of the property looking east)
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*** This Saturday, Dec 21st, is the Jingle Bell Jog 5k 2024
*** Wondering what is a good Delray Beach real estate deal? Read my thoughts – would love to hear yours
*** I learned about another restaurant slated to open in mid-2025. In the new Atlantic Crossing building on the corner of Atlantic and Federal Hwy will be
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*** South Florida Real Estate Inventory is Now ABOVE 2019***
Last week’s supply was 54,902
Today’s supply is 55,238
An Increase of 336 Units last week
*** December Inventory is UP 663 units ***
