$4,595,000
An extraordinary luxury residential and development opportunity in the heart of East Delray Beach's coveted Lake Ida neighborhood. Set on approximately 3/4 of an acre, this rare corner parcel offers exceptional flexibility and long-term upside in one of Delray Beach's most desirable enclaves. The property may offer potential for a TWO-lot subdivision, and seller believes there may be potential for a THREE-lot configuration based on the original plat and historic lot layout. Buyer must independently verify all subdivision, zoning, lot-split, development, buildability, and approval possibilities with the City of Delray Beach and all applicable authorities. Whether envisioned as a private estate compound, a luxury multi-home development, or a long-term investment, this is prime Lake Ida land. The existing estate includes a single-family residence with a separate, income producing 800 square foot poolside guest cottage with a kitchenette and separate Bedroom, allowing for immediate use or income while planning future development. The main home features hardwood floors and Mexican tile, soaring 9-foot ceilings, French doors that open seamlessly to the pool and patio, three additional spacious bedrooms, three full bathrooms, a powder room, a formal dining room, fireplace, and a two-car air-conditioned garage. Plantation shutters enhance much of the home, blending timeless character with relaxed coastal elegance. A gracious circular driveway creates a grand sense of arrival while offering abundant parking, ideal for hosting, multi-vehicle households, or future redevelopment needs. Framed by lush, mature landscaping, the property is enveloped by established trees and manicured hedges that provide a natural buffer of privacy and tranquility, enhancing the estate-like setting. This verdant backdrop not only elevates the home's curb appeal but also underscores the property's rare scale and seclusion - an increasingly valuable feature in East Delray Beach - while offering the perfect canvas for a future luxury compound or thoughtfully designed development. This is a rare chance to secure a substantial parcel in East Delray Beach, offering the flexibility to enjoy today while designing tomorrow. An exceptional opportunity for developers, investors, or end users seeking scale, location, and long-term value in one of Delray Beach's most sought-after neighborhoods. All information is deemed reliable but must be independently verified by buyer and buyer's representatives. Listing agent makes no representation regarding any potential lot division, subdivision, redevelopment, or buildability beyond the sale of the existing house and land. Any due diligence, approvals, applications, costs, or requirements related to dividing or reconfiguring the property shall be the sole responsibility of the buyer. Seller and listing agent are not representing that the property consists of, or may be divided into, three lots. The original plat, which is available in city records and can be shared upon request, reflected 4.5 lots in years past. Based on seller's prior conversations, the city has not confirmed or denied whether a three-lot configuration may be possible.
4
Beds
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5
Baths
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ACTIVE UNDER CONTRACT
Status
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R11153719
MLS
1202 N Swinton Avenue, Delray Beach
