1638 NE 3rd Avenue

Delray Beach, FL 33444

$1,250,000

$1,018/ft²

3Beds

3Baths

1,228Sq ft

1965Year built

Single-family homeType

About this home

Income-Producing Redevelopment Opportunity in East Delray Beach! Surrounded by newly constructed luxury properties and significant neighborhood transformation, this property presents an outstanding opportunity for builders, developers, investors, or end users seeking long-term value and future upside. The residence is currently leased through 2028 with a scheduled 3% rent increase in 2027, providing immediate cash flow while architectural plans, engineering, permitting, and future redevelopment are pursued. Whether your vision is to renovate and significantly expand the existing residence or construct a new custom estate, this property offers exceptional long-term potential.

Features

Private pool

Property details

Listing

MLS #: B26049769
Status: For sale
Listed on: Jul 7, 2026
Days on market: 34 days
Listing data updated: Jul 7, 2026

Interior

Beds: 3
Baths: 3
Living area: 1,228 ft²
Price per ft²: $1,018/ft²

Building & community

Type: Single-family home
Year built: 1965
County: Palm Beach

Lot & exterior

Lot size: 11,323 ft²
Private pool: Yes

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $6,321
Property taxes (est.): $1,146
Home insurance (est.): $600
Flood insurance (est.): —

Estimated total$8,067*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?