Unimproved Land in 354 SE 5th Avenue, Delray Beach, FL 33483 for sale with MLS# B26022876

Exceptional development opportunity in East Delray Beach, positioned along the eastern edge of the rapidly growing Osceola Park neighborhood. This prime parcel includes previously approved plans for 8 modern luxury townhomes, each designed with private pools and a clean, contemporary aesthetic. The project was formerly permitted, offering a meaningful head start for developers looking to move quickly. Plans call for 8 residences (8 doors) with strong appeal to today's luxury buyer seeking new construction near downtown and the beach. Located just minutes from Atlantic Avenue, pristine beaches, and Delray's vibrant dining and cultural scene, this site sits within one of the city's most active redevelopment corridors, surrounded by new construction Osceola Park.

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354 SE 5th Avenue, Delray Beach, FL 33483

Price
Price:
$5,500,000.00
Original List Price:
$5,500,000.00
List Price per Sq Ft (Calculated, Approx.):
$216.35
Property Status and Type
Listing Type:
For Sale
Status:
Active
Special Sale Conditions:
Standard
Listing Category:
Land & Docks
Property Type:
Unimproved Land
Description of Last Important Update:
New Listing
Last Major Update on:
May 1, 2026 6:03 pm
Measures
Lot Area:
25,422 Sqft
Lot Features:
Street Lights, Cleared
Lot Size Acres:
0.5836
Property Features
View from the Property:
City
Waterfront:
No
Current Use:
Commercial, Unimproved, Multi-family
Property Entrance Faces:
East
Construction
Road Frontage Type:
Rural Road
Possible Use:
Commercial
Taxes and Expenses
Tax Annual Amount:
$49,625.00
Tax Year:
2025
Property Tax Details:
City/County
Utilities
Sewer:
Public Sewer
Electric:
Three Phase
Utilities Available:
Cable Available, Electricity Available, Water Available, Phone Available
Water Source:
Public
Community
Subdivision Name:
OSCEOLA PARK
Senior Community:
No
Development Name:
354 South
Development Status:
Recorded Plat
Terms
Documents Available:
Survey, Building Plan
Listing Terms Considered by Seller:
Cash, Conventional, Trade
Buyer Possession:
Negotiable, Close Of Escrow
Zoning and Legal
Tax Legal Description:
OSCEOLA PARK LTS 7 THRU 10 (LESS E 10 FT SE 5TH AVE R/W) BLK 104
Real Estate Folio Number (Parcel Number):
12434621011040070
Zoning:
CBD(ci
Public Schools Assigned
Elementary School:
Pine Grove
High School:
Atlantic
Middle Or Junior School:
Carver Community
Listing History
Active on the market since:
May 1, 2026
Listing Agreement executed on:
May 1, 2026
Listing Status Last Changed On:
May 1, 2026 6:03 pm
Photos updated on:
May 2, 2026 2:27 am
Last Modified:
May 29, 2026 9:29 pm
Additional Information
Courtesy of:
The Corcoran Group
Attribution:
Not provided
Road Surface Type:
Paved
Location
Street Name:
5th
Street Number:
354
City:
Delray Beach
State:
Florida
Zip Code:
33483
County:
Palm Beach
Latitude:
N26° 27' 18''
Longitude:
W81° 55' 54.5''
Street Suffix:
Avenue
Street Direction Prefix:
SE
Property Map

Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $117,854
Median Home Value $755,700
Median Rent $2,306/mo
Median Age 59
Population 12,595

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Association of REALTORS®
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