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Located in the heart of East Delray Beach, this iconic mixed-use property is unlike anything else on the market. Designed as a custom three-story designer residence, the building seamlessly blends ultra-luxury living with Class A commercial possibilities, making it ideal for entrepreneurs, investors, or those seeking a statement property with income potential. Currently, the ground floor is configured as a professional medical office, while the upper levels provide expansive private living spaces. Just blocks from the Atlantic Ocean and world-famous Atlantic Avenue, this property offers effortless access to Delray's best shopping, dining, and entertainment. Stroll to The Ray Hotel, the new Tiger Woods mini-golf attraction, and countless boutiques, galleries, and restaurants. With unique zoning, the building offers maximum flexibility: " Keep it exactly as it is; luxury residential living above with commercial space below " Convert the entire building to a private luxury residence " Convert the entire building to a commercial property " Or create your own unique blend of both Features & Amenities " Over 9, 000 total square feet of interior and covered living space " Rooftop retreat with coastal breezes and full outdoor kitchen and spa, " Three oversized balconies for indoor-outdoor living " 20 Rare Downtown Parking spaces including air-conditioned two-car collector's garage plus 18 additional on-site parking spaces " Five bedrooms and overall eight bathrooms (four oversized full baths and four half baths) " Soaring 12-foot and 16-foot ceilings dramatic volume highlighted by natural gas fireplace " Downsview chef's kitchen with wine room " Private 3-story glass elevator " Oak flooring and exposed brick accents for timeless character " Whole-home automation including Savant Pro system and Lutron shades " Expansive, fenced-in turf backyard for carefree play area or dog run Structural Integrity & Security " Nearly half-acre point lot on one of downtown's most visible locations " Impact glass throughout " Concrete block construction " Full natural gas generator " Premium finishes ensuring both durability and luxury Location & Lifestyle Just blocks from the Atlantic Ocean and world-famous Atlantic Avenue, this property offers effortless access to Delray's best shopping, dining, and entertainment. Stroll to The Ray Hotel, the new Tiger Woods mini-golf attraction, and countless boutiques, galleries, and restaurants. The Opportunity This rare, iconic property provides unmatched flexibility in one of South Florida's most desirable coastal cities. It presents the perfect opportunity for a hedge fund, family office, law firm, marketing agency, or to continue its current use as a premier medical office/facility. Whether kept as-is, transitioned into a full luxury residence, or reimagined as a Class A commercial building, the convenience and possibilities are truly endless. All images and visual materials associated with this property, including AI generated images, virtually staged photos, edited images, artist conceptual renderings, maps, site plans, floor plans, and other graphics, are provided solely for illustrative purposes. These representations may not accurately reflect current conditions and are subject to change without notice. No representations or warranties are made regarding the accuracy or completeness of these visual materials. Buyers should not rely solely on these materials and are responsible for independently verifying all property details.
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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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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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 | $14,320,000 | $14,320,000 | $14,320,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.362% | 6.385% | 6.223% |
| Monthly Tax Payment | $4,314 | $4,314 | $4,314 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $85,856 | $88,171 | $120,840 |
| Total Monthly Payment | $90,295 | $92,610 | $125,279 |
* 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.