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Rarely available and exceptionally positioned, this is a truly turnkey opportunity to begin construction on an extraordinary custom coastal residence in one of Delray Beach's most sought-after beachside neighborhoods. Offered is a substantially cleared and prepped 100' x 140' lot with approved building plans and a premier builder already in place, eliminating years of planning, design, and permitting. Thoughtfully designed for single-story living with expansive indoor-outdoor spaces, this offering allows the next owner to step seamlessly into construction while still retaining the freedom to personalize finishes and create a one-of-a-kind retreat just moments from the ocean and Atlantic Avenue. The approved plans envision a beautifully designed single-story home featuring four bedrooms, four full baths, a powder room, private office, and both formal living and family rooms. Soaring lofted, beamed ceilings enhance the sense of volume and light, while the well-considered layout creates distinct yet connected spaces ideal for both everyday living and refined entertaining. At the heart of the home is a chef's kitchen with pantry and oversized island, seamlessly opening to generous outdoor living areas highlighted by a resort-style poolcreating a natural flow between interior comfort and outdoor enjoyment. Every element of the design reflects a thoughtful balance of elegance, functionality, and relaxed coastal living. What makes this opportunity especially compelling is the rare combination of ease and flexibility. All preliminary work has been completed, yet the new owner retains the ability to select finishes and tailor the home to reflect their own visiontransforming an already exceptional plan into a truly personal residence. The property is located on Waterway Lane, a quiet, dead-end street comprised of just ten homes, uniquely nestled between the Intracoastal Waterway and the Atlantic Ocean. This intimate enclave offers exceptional privacy and tranquility while remaining just 1. 5 blocks from the beach and four blocks from Atlantic Avenue's celebrated dining, shopping, and cultural offerings. Lost Craft Builders, Delray Beach's premier custom home builder, is poised to bring this residence to life, offering a legacy of superior craftsmanship and timeless quality. Opportunities to build on a cleared lot of this size, on a street this private, with approvals and builder securedwithin Delray's most desirable beachside neighborhoodare extraordinarily rare, making this an exceptional and compelling offering.
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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 | $4,240,000 | $4,240,000 | $4,240,000 |
| 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% | 6.349% | 6.183% |
| Monthly Tax Payment | $4,290 | $4,290 | $4,290 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $25,421 | $26,106 | $35,780 |
| Total Monthly Payment | $29,836 | $30,521 | $40,195 |
* 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.