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A rare and extraordinary opportunity awaits on the direct channel of the Intracoastal Waterway in the Palm Trail neighborhood of Delray Beach, less than one mile from the vibrant energy of Atlantic Avenue. This offering represents the premier waterfront parcel itself, featuring shovel-ready architectural plans which are currently approximately 90% through the approval process, creating a well-defined opportunity to bring a future residence to life. Encompassing over half an acre along what is widely regarded as one of the most exclusive and private streets in Delray Beach, this exceptional property delivers rare scale, direct waterfront exposure, and unmatched privacy. A home currently exists on the site; however, the opportunity is being presented primarily as a premier waterfront lot with architectural plans, allowing the next owner to either move forward with the existing design, or create their own custom vision for this extraordinary setting. With 101 feet of direct Intracoastal frontage and private boat dock, this property delivers immediate waterfront enjoyment while offering the opportunity to create a future estate of distinction. Boaters will appreciate the effortless ocean access with no fixed bridges, all while enjoying sweeping views of the wide main channel. Nestled on a quiet street of only four homes, 1 Fisher is truly unique and exceptionally private - a rare enclave setting just moments from the best of Delray Beach. Included with the sale of the land will be thoughtfully designed, fully approved plans for a spectacular estate residence featuring: * 10, 808 Total Square Feet; 7, 796 Living Square Feet * 5 Bedrooms + Upper-Level Salon * 6 Full Baths + 1 Power Room and 1 Pool Bath * State-of-the-art chef's kitchen appointed with a walk-in butler's pantry and a private wine room designed for curated collections. * Refined multi-level living areas designed for privacy, comfort, and sophisticated entertaining. * Grand lower-level primary suite with an intimate waterfront sitting area designed for quiet retreat. * Luxurious primary bathroom suite showcasing a refined spa-inspired design and customizable wellness features including steam and sauna capability. * Custom-appointed elevator. * Showcase-worthy four-car garage, designed with lift-capable ceiling heights, creating the opportunity to accommodate an eight-car collection. Designed for seamless indoor-outdoor living, the plans also showcase: * Multiple covered lanais complemented by a bespoke summer kitchen, offering seamless alfresco dining curated for elevated outdoor gatherings. * Resort caliber infinity-edge pool and spa meticulously designed for the ultimate privacy and serenity. * Multiple private terraces and balconies positioned to capture unobstructed panoramic views of the main Intracoastal channel. All site surveys, soil tests, development entitlements, and preliminary plans - including floorplans, site plan, and basic civil engineering - are transferable to the new owner. The buyer will be responsible for demolition of existing structure, completing final construction drawings, MEP engineering, and final civil engineering prior to building permit submission. Bring the included vision to life or collaborate with your architect to create a fully custom masterpiece tailored to your preferences. Builder is optional, with the opportunity to work with Delray Beach's Formative Builders, or select your own team. This is more than a homesite - it is a generational waterfront offering in one of South Florida's most coveted locations, moments from world-class dining, shopping, beaches, and the ultimate coastal lifestyle.
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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 | $8,200,000 | $8,200,000 | $8,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.312% | 6.235% | 6.183% |
| Monthly Tax Payment | $2,279 | $2,279 | $2,279 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $48,506 | $49,824 | $69,196 |
| Total Monthly Payment | $50,910 | $52,228 | $71,600 |
* 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.