$7,900,000
Delray Beach, FL 33483
MLS# FX-10551184
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Property Description
City approved plans are in place for a premier residential development in the heart of Delray Beach. This 1.71 acre mixed use site is entitled for 18 luxury three-story townhomes in a prime location with frontage on Federal Highway and Old Dixie Highway. Each residence is designed with approximately 3,000 square feet, three bedrooms with en-suite bathrooms, covered balconies, and two-car garages. The property also offers flexibility to preserve and restore the iconic Ellie's 50s Diner or redevelop the space into a vibrant retail component. With Delray Beach experiencing strong growth, this is a rare opportunity to invest in a high visibility location with exceptional upside.
Details
Contract Information
Listing Date: 2026-02-09
Status: Active
Original List Price: 7900000
Auction: No
List Price: $7,900,000
Current Price: $7,900,000
List Price/Acre: 4619883.04
General Property Description
Type: Single Family Detached
Lot Dimensions: 1 to < 2 acres
Lot SqFt: 74364
Acres: 1.71
Waterfront: No
Subdivision: Delray Beach Estates
Front Exp: East
Homeowners Assoc: None
Directions: **Rendering photos listed**
Location Tax Legal
Area: 4360
County: Palm Beach
Parcel ID: 12434604080000090
Street #: 2410
Street Dir: N
Street Name: Federal Highway
Zip Code: 33483
Legal Desc: DELRAY BEACH ESTATES LTS 9 & 10 & E 20 FT OF 80 FT ABND PT OF OLD DIXIE HWY LYG W OF & ADJ TO
Geo Lat: 26.487976
Geo Lon: -80.065191
Property Features
Land Use: Single Family
Develop Status: Undeveloped
Improvements: None
Trees: None
Terms Considered: Cash; Conventional
Listing Office: Serhant
Last Updated: February - 10 - 2026
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