502 SE 3rd Avenue, Delray Beach, FL 33483

Overview

Description

Rare Osceola Park corner lot in East Delray — 6,510 sq ft on SE 3rd Avenue, just 2-3 blocks south of Atlantic Avenue and a short walk or bike ride to the beach. The existing 1986 4-bed/2-bath ranch (approx. 1,458 sq ft) is a clean teardown canvas for a spec home, custom residence, or luxury lock-and-leave. Osceola Park (SOFA — South of Atlantic) has already received City/CRA upgrades: paved streets and alleys, new sidewalks, decorative LED lighting, traffic calming, and utility improvements. The block is turning — new luxury construction now surrounds the neighborhood, with recent new-build activity and sales in the $2.3M-$3.7M range. No HOA. R-1-A zoning. Unmatched walkability to downtown dining, shopping, galleries, and nightlife, plus easy access to the Intracoastal and Atlantic Ocean.

Supplements: Build in one of East Delray's last downtown-adjacent grids where demand still outpaces available dirt. Private appointments only. No drop-ins.

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 4
Bathrooms Total: 2
Bathrooms Full: 2
Building Area Main: 1538
Building Area Source: Appraiser
Living Area Main: 1458
Living Area Source: Appraiser
Adjusted Area Main: 1480
Accessibility Features YN: No
Year Built: 1986
Parking Total: 6
Gated Community YN: No
Lot Size Area: 6510
Lot Size Acres: 0.15
Senior Community YN: No
Land Lease YN: No
Recreation Lease YN: No
Guest House YN: No
Stories Total: Yes
Stories: Yes
Direction Faces: North
Fireplace YN: No
Pool Private YN: No
Spa YN: No
Green Verification YN: No
LP/Assessed Value: 10.02

Property Features

Flooring: Ceramic Tile; Laminate Foundation Details: Block Leasing Permitted Details: Okay To Lease Parking Features: Concrete Property Condition: Resale Special Listing Conditions: Standard Appliances: Oven; Refrigerator; Range Architectural Style: Ranch Construction Materials: Concrete Block - With Stucco Cooling: Central Air Fencing: Back Yard Heating: Central Interior Features: Bedroom Layout - Split Laundry Features: Inside Levels: One Listing Terms: Cash; Conventional Lot Features: Corner Lot Main Living Area: Entry Level Membership: No Membership Available Other Equipment: None Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow Restrictions: No Restrictions Road Frontage Type: City Street Road Responsibility: Public Maintained Road Roof: Shingle Security Features: Window Bars Sewer: Public Sewer Sprinkler Description: None Storm Protection Details: None Structure Type: House Tax Information: City/County Utilities: Electricity Connected; Sewer Connected; Water Connected Water Source: Public Window Features: Blinds Showing Requirements: Appointment Only; Occupied; Schedule Online Room Types: Kitchen; Living Room; Master Bedroom Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1150000
Negotiable Seller Concessions YN: Yes
Occupant Type: Owner
Listing Service: Full Service
Seller Represented YN: Yes

Location and Legal

Country: United States
County Or Parish: Palm Beach
Street Number: 502
Street Direction Prefix: SE
Street Name: 3rd
Street Suffix: Avenue
Municipality Type: Incorporated
Municipal Code: 12
State Or Province: FL
Postal Code: 33483
Postal Code +4: 4416
Subdivision Name: OSCEOLA PARK
Area: 4370
Geographic Area: PB06
Elementary School: Pine Grove
Middle Or Junior School: Carver Community
High School: Atlantic
Special Assessment YN: No
Parcel Number: 12434621010060100
Subdivision Number: Yes
Zoning: R-1-A (city)
Flood Zone: X
Multiple Offers Accepted: Yes

Financial Information

Application Required YN: No
Master Association YN: No
Membership Fee Required YN: No
Tax Annual Amount: 2194.42
Tax Year: 2025
Tax Assessed/SOH Value: 97777
Tax Legal Description: OSCEOLA PARK LT 10 BLK 6
Assessor Market Value: 597157

Status Change Information

Major Change Timestamp: 2026-08-11T19:45:34Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-08-11T19:45:34Z
Status Change Date: 2026-05-18

More Information

Entry Information

Entry Level: Yes
Entry Location: Yes

Leasing Permitted Details

Leasing Permitted YN: Yes

Capital Contributions

Capital Contributions YN: No

Co-Ownership

Property Management YN: No

Main Level Rooms

Main Level Bathrooms: 4
Main Level Bedrooms: 2

Pet Details

Pet Fee YN: No

Leasing Restrictions

Leasing - Max Times Per Year: 12
Leasing - Minimum Number of Days: 30

Price Calculations

Current Price To SqFt: 672.15

Originating Details

Originating System Key: 20260509123810825694000000
Originating System ID: M00000170

Room Information

Room Name
Kitchen
Living Room
Master Bedroom