1690 S Ocean Blvd - Multi-Family FOR SALE


Delray Beach, FL 33483- Outer Delray Beach
$5,450,000 USD
561-235-6801
1690 S Ocean Blvd, Delray Beach, FL for Sale
$5,450,000 USD
Multi-Family - FOR SALE
1/2
null | Request Cap Rate

1690 S Ocean Blvd
Delray Beach, FL 33483
Outer Delray Beach


HIGHLIGHTS

  • Two fully renovated attached luxury residences
  • Prime beachside location just steps from the Atlantic Ocean
  • Projected seasonal rental income exceeding $60,000/month
  • Residences are in the process of receiving separate folio numbers
  • Ideal for luxury vacation rentals, second-home investment, or long-term hold

OVERVIEW

Rare investment opportunity in one of Delray Beach's most desirable beachside locations. This exceptional property consists of two fully renovated attached luxury homes, offering investors multiple ownership and income strategies. The homes are in the process of being divided into separate legal units, each with its own folio number, providing added flexibility and the opportunity for future individual ownership and resale. Ideally located just steps from the beach and only minutes from Atlantic Avenue's renowned dining, shopping, and entertainment district, the property is perfectly positioned to capitalize on Delray Beach's strong luxury and seasonal rental market. Projected seasonal rental income exceeds $60,000 per month during season, making this an exceptional income-producing asset. Both homes have been completely renovated with premium finishes throughout, including Thermador appliances, custom cabinetry, designer lighting, rich wood flooring, custom wood accent walls, hinge-less solid wood interior doors, spa-inspired bathrooms with luxury tile work, new HVAC systems, and high-end contemporary finishes. Every detail has been thoughtfully designed to appeal to discerning luxury buyers and renters. Whether your strategy is to operate a high-end vacation rental, hold for long-term appreciation, occupy one residence while generating income from the other, or take advantage of the future flexibility offered by separate ownership, this property presents multiple exit strategies in one of South Florida's strongest luxury coastal markets. Opportunities combining a premier beachside location, luxury renovations, exceptional rental income potential, and future individual ownership are rarely available.

FOR SALE DETAILS

PRICE

$5,450,000 USD

PRICE/SF

$1,103 USD /SF

# OF UNITS

2

PRICE/UNIT

$2,725,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1690-1692 S Ocean Blvd., Delray Beach

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,634 SF

ZONING

R-1-AA (city)/SINGLE FAMI

APN/PARCEL ID

12-43-46-21-00-004-0180

ASK ABOUT THIS PROPERTY

Mark BaroneCompassMore Info
561-235-6801

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Mark BaroneCompassMore Info
561-235-6801

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.