354 SE 5th Avenue, Delray Beach, FL 33483

New Listing

$5,500,000

Virtual Tour

https://www.propertypanorama.com/354-SE-5th-Avenue-Delray-Beach-FL-33483/unbranded

Property Type: Land & Docks Lot Size (sq. ft.): 25,422 Status: Active

Current Price: $5,500,000 List Date: 5/01/2026 Last Modified: 5/01/2026

Overview

Description

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.

Listing Details MLS# B26022876

General Property Information

Transaction Type: Listing For Sale
Property Sub Type: Unimproved Land
Lot Size Acres: 0.58
Lot Size Square Feet: 25422
Direction Faces: East
LP/SqFt: 216.35

Property Features

Current Use: Commercial; Multi-Family; Unimproved Development Status: Recorded Plat Documents Available: Building Plan; Survey Electric: Three Phase Environmental Audit: Unknown Location of Property: City Location Possession: Close Of Escrow; Negotiable Possible Use: Commercial Sewer: Public Sewer Special Listing Conditions: Standard Trees: None Utilities: Cable Available; Electricity Available; Phone Available; Water Available Vegetation: Other Listing Terms: Cash; Conventional; Trade Lot Features: Cleared; Street Lights Road Frontage Type: Rural Road Road Surface Type: Paved Tax Information: City/County Water Source: Public Showing Requirements: Call Listing Agent; Sign On Property Elevation Description: 0-5 Feet Above Sea Level Acreage Description: 1/2 To Less Than 1 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 5500000
Negotiable Seller Concessions YN: No
Listing Service: Full Service
LP/Acre: 9424263.19

Location and Legal

Country: United States
County Or Parish: Palm Beach
Street Number: 354
Street Direction Prefix: SE
Street Name: 5th
Street Suffix: Avenue
State Or Province: FL
Postal Code: 33483
Subdivision Name: OSCEOLA PARK
Development Name: 354 South
Area: 4370
Geographic Area: PB06
Elementary School: Pine Grove
Middle Or Junior School: Carver Community
High School: Atlantic
Parcel Number: 12434621011040070
Zoning: CBD(ci
Directions: Atlantic Avenue south on Federal Hwy aka SE 5th Avenue, 4 blocks south of Atlantic Avenue, just south of the Onix project on the west side of 5th Avenue.

Financial Information

Master Association YN: No
Membership Fee Required YN: No
Tax Year: 2025
Tax Annual Amount: 49625
Tax Legal Description: OSCEOLA PARK LTS 7 THRU 10 (LESS E 10 FT SE 5TH AVE R/W) BLK 104
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-05-01T18:03:38Z
Major Change Type: New Listing
Status Change Date: 2026-05-01

More Information

Originating Details

Originating System Key: 20260501173646637862000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Electric

Three Phase: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Building Plan: Yes
Survey: Yes

Current Use

Commercial: Yes
Multi-Family: Yes
Unimproved: Yes

Development Status

Recorded Plat: Yes

Environmental Audit

Unknown: Yes

Location of Property

City Location: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Possible Use

Commercial: Yes

Sewer

Public Sewer: Yes

Trees

None: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Phone Available: Yes
Water Available: Yes

Vegetation

Other: Yes

View

City: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Trade: Yes

Lot Features

Cleared: Yes
Street Lights: Yes

Road Frontage Type

Rural Road: Yes

Road Surface Type

Paved: Yes

Water Source

Public: Yes

Showing Requirements

Call Listing Agent: Yes
Sign On Property: Yes

Tax Information

City/County: Yes

Elevation Description

0-5 Feet Above Sea Level: Yes

Acreage Description

1/2 To Less Than 1 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Listing Office: The Corcoran Group

Last Updated: May - 01 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

354 SE 5th Avenue, Delray Beach, FL 33483 (MLS# B26022876)