502 SE 3rd Avenue
Delray Beach, FL, 33483
$
980,000
Bedrooms4
Baths2.0
Sq
1,458
Monthly Estimate*
$
6,769
for $980,000 with 4 bedrooms and 2 full baths. This 1,458 square foot home was built in 1986 on a lot size of 0.15.
Lot play, not a house sale. Corner lot, 6,510 SF, R-1-A, no HOA, two to three blocks south of Atlantic, walk or bike to the beach. FEMA Zone X. City and CRA street, alley, sidewalk, lighting, and utility work is done. New homes on the block are trading around $2.3M-$3.7M. The 1986 ranch, 1,458 SF, is the teardown, which is why the house price per foot is not the underwriting. Reduced to $980,000, about $151 a land foot. Cover and tour images of a new house are renderings for vision only, not the existing improvement and not an approved plan. Buyer to verify setbacks, coverage, and height with the City of Delray Beach. Cash or conventional. Build in one of East Delray's last downtown-adjacent grids where demand still outpaces available dirt. Osceola Park is the SOFA grid, south of Atlantic. The City and the CRA rebuilt the streets starting in 2020: paved roads and alleys, sidewalks, LED lighting, traffic calming, and new water and sewer, including this quadrant between Southeast 2nd and Southeast 5th Avenues. Builders followed. Modern 3,200-4,000 square foot homes are rising on the same blocks, with finished product offered from about $2.3 million to $3.2 million. From this corner, Atlantic is two to three blocks north and the ocean is a short walk or bike ride east. The opening is a corner lot that has not been rebuilt yet, on a grid where the city work is done and the new houses are already selling. Buyer to verify setbacks, coverage, and height with the City of Delray Beach.Private appointments only. No drop-ins. Investment highlights Lot play, not a house sale. Price the land. 6,510 SF corner, 0.15 acres, R-1-A, no HOA, no association rental restriction Two to three blocks south of Atlantic. Walk or bike to the beach Public infrastructure already spent: CRA / City streets, alleys, sidewalks, lighting, water and sewer Builder proof on the block. New homes trading and shells going up around $2.3M-$3.2M One of the last downtown-adjacent quadrants not fully rebuilt. Northeast Atlantic and the marina are largely done Existing ranch is a teardown canvas Cash or conventional. Showings by appointment
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Features
General
Membership Required
false
Membership Description
No Membership Available
Sewer
Public Sewer
Heating
Central
Cooling
Central Air
Utilities
Electricity Connected
Sewer Connected
Water Connected
Possession
Close Of Escrow
Roof
Shingle
Appliances
Oven
Range
Refrigerator
Architectural Style
Ranch
Security Features
Window Bars
Construction Materials
Concrete
Stucco
Pets Allowed
No Pet Restrictions
Yes
Year Built
1986
Stories Count
1
Levels
One
Property Subtype
Single Family Residence
Tax Year
2025
Accessibility
None
County
Palm Beach
New Construction
false
Property Type
Residential
Subdivision Name
OSCEOLA PARK
Facing Direction
North
Garage Y/N
false
Total Rooms
3
Full Baths
2
Status
Active
High School
Atlantic
City
Delray Beach
Senior Community Y/N
false
MLS Area
4370
Carport Y/N
false
Elementary School
Pine Grove
Land Lease Y/N
false
Tax Annual Amount
2194.42
Middle/Junior High School
Carver Community
Property Condition
Resale
MLS Area Minor
PB06
Virtual Tour
https://www.propertypanorama.com/502-SE-3rd-Avenue-Delray-Beach-FL-33483/unbranded
Standard Status
Active
Occupancy Type
Owner
Property Sub Type Additional
Single Family Residence
Legal Description
OSCEOLA PARK LT 10 BLK 6
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Interior
Interior Amenities
Main Level Primary
Split Bedrooms
Tub Shower
Flooring
Ceramic Tile
Laminate
Total Stories
1
Air Conditioning Y/N
true
Heating Y/N
true
Window Features
Blinds
Fireplace Y/N
false
Half Baths
0
Laundry Features
Inside
Total Bedrooms
4
Entry Level
1
Main Level Bedrooms
2
Main Level Bathrooms
4
Total Baths
2
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Exterior
Private Pool
false
Fencing
Back Yard
Parking Features
Concrete
Lot Features
Corner Lot
None
< 1/4 Acre
Water Source
Public
Total Parking
6
Lot Size Area
6510
Foundation Details
Block
Spa
false
Building Area Total
1538
Lot Size Acres
0.15
Waterfront Y/N
false
Covered Spaces
0
Road Frontage Type
City Street
Other Equipment
None
Road Responsibility
Public Maintained Road
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* Excluded Features
List By
Rebekah Lee Urbina
Listing Agent
Affordability Calculator
- Monthly Principal & Interest
- $6,769
- Monthly Property Taxes
- $183
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Single family listings in Delray Beach, FL
Average List Price
$1,926,584
Percent of Sale Price
97%
About Delray Beach, FL
66,998
Population
11%
Since 2002
$
55,643
Median Income
46.56
Median Age
16%
Households with Children
Trends Information provided by ATTOM Data Solutions.
3882623
Elementary School
739110
Middle School
Atlantic High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
8/11/2026
|
$980,000
|
-2.00%
|
Price Down
|
|
7/2/2026
|
$1,000,000
|
-13.04%
|
Price Down
|
|
5/18/2026
|
$1,150,000
|
|
Listed Price
|