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226 – 218 NE 5th Terrace N, Delray Beach, FL 33444 (MLS# R10826732)

226 - 218 NE 5th Terrace N, Delray Beach, FL 33444

$2,030,000
Property Type: Land & Docks Lot Size (sq. ft.): 24,000 Status: Closed
Current Price: $2,030,000 List Date: 8/23/2022 Last Modified: 5/20/2026

Overview

Description

This property is 2 buildings on a parcel each, currently used as a Multi Family Quad plex intersecting parcels: 218- 226 NE 5th Terrace. Combined lots 24,000 sq ft per Property Appraiser. Land Use: MULTI-FAMILY (0800) Zoning: RL (city)/MULTI-FAMILY RESIDENTIAL (MEDIUM DENSITY) DISTRICT Income figures based on current short-term rentals, and vacation booking rentals at present time. Major Redevelopment opportunity in the heart of Delray Beach | 2 blocks north of Pineapple Grove, and 5 blocks north of Atlantic Ave

Listing Details MLS# R10826732

General Property Information

Property Sub Type
Unimproved Land
Number Of Lots
2
Lot Size Acres
0.55
Lot Size Square Feet
24000
Lot Size Dimensions
200x120
Lot Depth
120
Additional Parcels Description
12-43-46-09-29-009-0170
Lot Frontage
200
Direction Faces
North
LP/SqFt
93.75

Property Features

Association Amenities: None Comprehensive Plan Use: Intensive Development; Open Land; Suburban; Transition Current Use: Multi-Family; Single Family Development Status: Recorded Plat Documents Available: Appraisal; Plat Map; Survey Electric: Three Phase Fencing: Fenced Location of Property: Beach Access; Central Business District; City Location; County Location; Subdivision Possible Use: Single Family; Other Sewer: Public Sewer Special Information: Clearing Required Trees: None Utilities: Cable Available; Electricity Available; Sewer Available; Water Available; Underground Utilities Vegetation: Other Zoning Information: Rezoning Required; Use Conforms To Zoning Listing Terms: Cash; Conventional; Trade Lot Features: Drainage; Interior Lot; Irregular Lot; Sidewalks; Street Lights Other Equipment: Irrigation Equipment Road Frontage Type: Public Road Road Responsibility: Public Maintained Road Water Source: Public Showing Requirements: Call Listing Agent; No Sign; Text Listing Agent Contingencies: None Acreage Description: 1/2 To Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
2250000
LP/Acre
4090909.09
LP/Frontage
11250

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
226 - 218
Street Direction Prefix
NE
Street Name
5th
Street Suffix
Terrace
Street Direction Suffix
N
City Name
Delray Beach
State Or Province
FL
Postal Code
33444
Postal Zip
33444
Subdivision Name
DEL IDA PARK
Area
4360
Geographic Area
PB06
Parcel Number
12434609290090170
Multiple Offers Accepted
Yes
Zoning
RL - Medium Den
Directions
95 to Exit Atlantic Avenue East then North/Left on NE 2nd Avenue then East/Right on NE 5th Terrace to property on South/Right

Financial Information

Tax Year
2021
Tax Annual Amount
19768
Tax Legal Description
DEL IDA PARK LT 17 & E 20 FT OF LT 18 BLK 9

Status Change Information

Major Change Timestamp
2022-10-19T16:02:46Z
Major Change Type
Status Change
Status Change Date
2022-10-19
Under Contract Date
2022-09-03
Close Date
2022-10-10
Close Price
2030000
Buyer Financing
Cash
SP/Acre
3690909.09

More Information

Short Sale Details

Short Sale Addendum
No

Price Calculations

Original List Price To Close Price
1.1

Originating Details

Originating System Key
20220823172101285663000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Association Amenities

None
Yes

Electric

Three Phase
Yes

Documents Available

Appraisal
Yes
Plat Map
Yes
Survey
Yes

Fencing

Fenced
Yes

Comprehensive Plan Use

Intensive Development
Yes
Open Land
Yes
Suburban
Yes
Transition
Yes

Current Use

Multi-Family
Yes
Single Family
Yes

Development Status

Recorded Plat
Yes

Location of Property

Beach Access
Yes
Central Business District
Yes
City Location
Yes
County Location
Yes
Subdivision
Yes

Possible Use

Single Family
Yes
Other
Yes

Sewer

Public Sewer
Yes

Special Information

Clearing Required
Yes

Trees

None
Yes

Utilities

Cable Available
Yes
Electricity Available
Yes
Sewer Available
Yes
Water Available
Yes
Underground Utilities
Yes

Vegetation

Other
Yes

Zoning Information

Rezoning Required
Yes
Use Conforms To Zoning
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Trade
Yes

Lot Features

Drainage
Yes
Interior Lot
Yes
Irregular Lot
Yes
Sidewalks
Yes
Street Lights
Yes

Other Equipment

Irrigation Equipment
Yes

Road Frontage Type

Public Road
Yes

Road Responsibility

Public Maintained Road
Yes

Water Source

Public
Yes

Showing Requirements

Call Listing Agent
Yes
No Sign
Yes
Text Listing Agent
Yes

Contingencies

None
Yes

Acreage Description

1/2 To Less Than 1 Acre Lot
Yes
Listing Office: United Realty Group Inc
IDX
Last Updated: May - 20 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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