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A rare build-ready luxury home opportunity in the heart of Downtown Delray Beach, just four blocks from Atlantic Avenue and less than a mile to the beach. This offering includes a prime vacant corner lot with architectural plans available, allowing buyers to skip years of design, planning, and entitlement work if desired, while still retaining the flexibility to pursue a fully custom design. Fully designed plans by award-winning Randall Stofft Architects, envision a two-story coastal-transitional estate totaling 6, 217 SF (4, 941 SF under air) with six bedrooms, six-and-a-half baths, a wellness suite, club/flex room, office or gym, and a resort-style courtyard pool. Ideal for a builder or an end user wanting a premier location with architectural pedigree and immediate build potential. Set on a 13, 165 ± SF corner lot within the Del Ida Park overlay, this property is surrounded by newly built and planned multimillion-dollar residences, including two luxury homes slated for the adjacent parcelsanchoring a block that is rapidly becoming one of East Delray's most desirable residential pockets. The thoughtfully designed layout offers a sophisticated luxury floor plan that can still be customized to suit a buyer's vision, allowing flexibility while preserving the architectural intent. Enjoy the ability to walk or golf-cart to Atlantic Avenue's cafés, boutiques, dining, and nightlife, while living on a quiet residential street minutes from the sand. This is a rare opportunity to secure a prime downtown Delray location paired with luxury plans, offering a streamlined path to creating a signature coastal residence without the delays typically associated with new construction planning and approvals. The shown architectural plans are included with the sale as an added value and are not required to be used, providing flexibility for buyers who wish to modify the existing design or pursue a fully custom home, subject to applicable approvals and buyer due diligence. The information published and provided, including but not limited to prices, measurements, square footages, lot sizes, features, finishes, and calculations, is subject to errors, omissions, or changes without notice. All information should be independently verified, and buyers are encouraged to perform their own due diligence.
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,760,000 | $1,760,000 | $1,760,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.046% | 5.846% | 5.700% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,719 | $10,271 | $14,381 |
| Total Monthly Payment | $9,844 | $10,396 | $14,506 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.