354 SE 5th Avenue, Delray Beach, FL 33483

Osceola Park · Vacant Commercial Land

Facts

CommunityOsceola Park

Beds—

Baths0.0

Living sf—

HOA—

Year built—

Pool—

Waterfront—

Listing details

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.

Outside and lot

Lot featuresCleared, City lot

Lot (acres)0.58

Lot (sf)25,422

ViewCity

FacesEast

Building

Property typeUnimproved land

Community and HOA

Community featuresStreet lights

Utilities and taxes

UtilitiesCable available, Electricity available, Phone available, Water available

Water sourcePublic

SewerPublic sewer

ElectricPhases3

Annual property tax$49,625

Tax year2025

ZoningCbd(ci

Listing details from BeachesMLS via CoreLogic Trestle. Deemed reliable, not guaranteed.

County tax

Parcel12434621011040070

Market value$3.09M

Assessed$2.84M

HomesteadNo

Last deed$3.42M · 2021-09-23

Vs Osceola Park

Last MLS sale $3.42M (2021-09-30). Osceola Park 12-month median sale is $1.10M.

Palm Beach County market value $3.09M vs last MLS sale $3.42M.

No homestead on the tax roll.

Osceola Park sold 13 homes in 12 months · months of inventory 21.23.

These numbers are this community’s tape — not a city-wide Zestimate. Living sf = under-air.

Recent sales in Osceola Park

222 SE 5th Street, Delray Beach, FL 33483 · 2026-10-16$2.70M · $679/sf · DOM 293

910 SE 3rd Avenue, Delray Beach, FL 33483 · 2026-10-15$780,000 · $629/sf · DOM 123

247 SE 3RD Avenue, Delray Beach, FL 33483 · 2026-10-13$1.35M · $777/sf · DOM 2

207 SE 5th Street, Delray Beach, FL 33483 · 2026-10-13$2.30M · $714/sf · DOM 171

629 SE 4th Avenue, Delray Beach, FL 33483 · 2026-09-15$775,000 · $548/sf · DOM 176

Nearby synagogues

Chabad of Central Boca4.5 mi

Congregation Bnai Israel Of5.8 mi

East Boca Raton Congregation6.1 mi

Amenity distance, not a religious preference filter. Equal Housing Opportunity.

MLS history

ActiveUnderContract 2026-05-01$5.50M · DOM 28

B26022876 · The Corcoran Group · Jennifer B Kilpatrick · orig $5.50M

Expired 2025-01-07$5.65M · DOM 139

R11049849 · The Corcoran Group · Jennifer B Kilpatrick · orig $6.00M

Closed 2021-09-30$3.42M · DOM 5

R10726317 · Delray One Realty · Robert Guntmacher · orig $4.00M

Photos

Photos from BeachesMLS via CoreLogic Trestle (IDX). Tax from Palm Beach County PAO. Not a CMA. Owners not shown.

David Cohen · Premier Estate Properties
561.922.3878 · davidcohen.info