Atlantic Luxury Advisors
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9 photos

502 3rd

Delray Beach, FL 33483

$980,000
4
2
1,458 sq ft
6,510 sq ft
1986
Single Family Residence
133
Active

Listing courtesy of LPT Realty, LLC (Rebekah Lee Urbina). Contact: [email protected].

About this home

Rare Osceola Park corner lot in East Delray — 6,510 sq ft on SE 3rd Avenue, just 2-3 blocks south of Atlantic Avenue and a short walk or bike ride to the beach. The existing 1986 4-bed/2-bath ranch (approx. 1,458 sq ft) is a clean teardown canvas for a spec home, custom residence, or luxury lock-and-leave. Osceola Park (SOFA — South of Atlantic) has already received City/CRA upgrades: paved streets and alleys, new sidewalks, decorative LED lighting, traffic calming, and utility improvements. The block is turning — new luxury construction now surrounds the neighborhood, with recent new-build activity and sales in the $2.3M-$3.7M range. No HOA. R-1-A zoning. Unmatched walkability to downtown dining, shopping, galleries, and nightlife, plus easy access to the Intracoastal and Atlantic Ocean. Build in one of East Delray's last downtown-adjacent grids where demand still outpaces available dirt. Private appointments only. No drop-ins.

Virtual tour
What it costs to own
Estimated monthly payment
$6,941/mo
Principal and interest
$4,955
Property tax
$1,369
Homeowners insurance
$617
HOA(not in the listing)
$0

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$16,425/yr

Estimate: the price times the Palm Beach County average total millage (17.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

HOA
Not stated in the listing; ask us
FEMA flood zone
Zone X, minimal risk

Outside the special flood hazard area. Flood insurance is optional.

Hurricane evacuation zone
Not in a designated evacuation zone

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.