6 months on rocket

248 SE 1st Ave, Delray Beach, FL, 33444

$1,999,000

Land

Location

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Property Highlights

MLS #RX-10987210
StatusActive

About 248 SE 1st Ave

Prime Development Opportunity! This corner lot is perfectly poised for transformation in the heart of Downtown Delray. Its strategic location conveniently positioned just 3 blocks from Atlantic Ave & near Delray's inviting beaches, offers an unparalleled opportunity for visionary investors and developers to shape the future of this ever-flourishing neighborhood. With its coveted proximity to the bustling hub of Atlantic Ave, renowned for its eclectic mix of shops, restaurants, and cultural experiences, this development site has completed schematic designs by renowned Silberstein Architecture. Future developer has the ability/benefit of stepping into the current schematic design, accelerating the permit submission process. The current plans display a possible (3) luxury condominium design

Property Details

Property Features

Listing Office:

  • Office Name: Douglas Elliman (Palm Beach)
  • Office Phone: (561) 655-8600
  • Listing Agent: Claudia Fisher

Virtual/3D Tour

  • Virtual Tour: 248 SE 1st Ave
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Other

Directions Information:

  • Directions: 95 to Atlantic Ave. east to Swinton Ave. Go South on Swinton to SE 3rd St. Corner of SE 3rd and SE 1st.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,999,000

Tax Information:

  • Annual Amount: $8,230
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Delray Beach, FL.

Med. Sold Price

$373.7K

Med. Price/SqFt

$276

Avg. Days On Market

66

# of Sold Homes

184

248 SE 1st Ave vs Delray Beach

184 DAYS ON ROCKET

+118 Days

$1,999,000

+$1.6M More

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price in Delray Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #RX-10987210

Listing Office:

  • Office Name: Douglas Elliman (Palm Beach)
  • Office Phone: (561) 655-8600
  • Listing Agent: Claudia Fisher

IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 9:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$8,230$384,305
2019$7,787$358,415
2018$7,234$335,354
2017$6,814$304,867

History based on county public records data.

Payment Calculator

$10K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,060

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-355112
7
/10
  • Pine Grove Elementary School

  • 400 SW 10th St

  • 0.77 miles

  • Public District Grades EE-5

school-card-donut-355113
5
/10
  • S. D. Spady Elementary School

  • 901 NW 3rd St

  • 1.08 miles

  • Public Magnet Grades PK-5

school-card-donut-355114
5
/10
  • Orchard View Elementary School

  • 4050 Germantown Rd

  • 2.98 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,141. The most common annual income of people living in Delray Beach, FL is between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 248 SE 1st Ave

What is the listing price of this property?

The listing price of 248 SE 1st Ave property is $1,999,000.

What type of property is this?

The property 248 SE 1st Ave is land located in Delray Beach, Florida, 33444.

Is this property for sale now?

Active Listing: 248 SE 1st Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $8,230 (source: MLS/based on county public records data).
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Rocket Homes›Florida›Palm Beach County›Delray Beach›33444›248 SE 1st Ave

This home is located at 248 SE 1st Ave in Delray Beach, FL and zip code 33444 in the Downtown Delray neighborhood. It has been listed on Rocket Homes since May 14, 2024 and is currently priced at $1,999,000.

In October 2024, from all listings sold in Delray Beach, FL there were more than 4 sold above asking price, over 167 sold below and more than 13 were sold right at the asked price. The number of homes for sale in Delray Beach, FL increased by 12.1% between September 2024 and October 2024. In October 2024, listings were on the market for 66 days. During the same period, the median list price in this real estate market was $373,751.

From Rocket Homes Real Estate and based on county public records data.

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