218 NE 5th Terrace Delray Beach, FL 33444
Downtown Delray Beach NeighborhoodEstimated payment $6,063/month
Highlights
- Indoor Pool
- Cooling System Mounted To A Wall/Window
- Terrazzo Flooring
- Jalousie or louvered window
- Patio
- No Heating
About This Home
218-226 NE 5th Terrace = two separate buildings on a double lot, #4 total units. The total property square feet is 17,396 | Excellent location 5 blocks north of Atlantic Ave, 2 blocks north of Pineapple Grove in the Del Ida Park Historic District. Great for seasonal rentals or Airbnb. The Property has #8 parking spaces total and a large courtyard with tons of opportunities for the proper investor/developer. Each home has split electric meters. The information herein is believed to be accurate but is not guaranteed and may be subject to errors or omissions and may be changed without notice. Airb&B & VRBO Approved! Short Term Rental or Annual Rental income! Very close proximity to the Ocean and Avenue!
Buildings can be purchased separately or together!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,637
Year Built
- Built in 1961
Parking
- 4 Parking Spaces
Home Design
- Duplex
- Concrete Roof
Interior Spaces
- 1,256 Sq Ft Home
- 1-Story Property
- Jalousie or louvered window
- Terrazzo Flooring
Pool
- Indoor Pool
- Free Form Pool
Outdoor Features
- Patio
Utilities
- Cooling System Mounted To A Wall/Window
- No Heating
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 12434609290090181
Community Details
Overview
- 4 Units
- Del Ida Park Subdivision
Building Details
- Net Operating Income $95,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $18,852 | $949,429 | -- | -- |
| 2023 | $16,631 | $863,117 | $710,700 | $152,417 |
| 2022 | $16,331 | $825,572 | $0 | $0 |
| 2021 | $10,637 | $531,477 | $420,000 | $111,477 |
| 2020 | $9,617 | $460,387 | $367,500 | $92,887 |
| 2019 | $9,254 | $441,493 | $350,000 | $91,493 |
| 2018 | $7,085 | $391,673 | $0 | $0 |
| 2017 | $6,680 | $354,511 | $289,800 | $64,711 |
| 2016 | $7,342 | $335,335 | $0 | $0 |
| 2015 | $5,284 | $176,836 | $0 | $0 |
| 2014 | $3,939 | $160,760 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | Price Changed | $950,000 | -15.9% | $756 / Sq Ft |
| 08/12/2025 08/12/25 | For Sale | $1,130,000 | 0.0% | $900 / Sq Ft |
| 06/04/2025 06/04/25 | Off Market | $1,130,000 | -- | -- |
| 05/22/2025 05/22/25 | Price Changed | $1,130,000 | +6.6% | $900 / Sq Ft |
| 04/14/2025 04/14/25 | Price Changed | $1,060,000 | -2.3% | $844 / Sq Ft |
| 04/11/2025 04/11/25 | Price Changed | $1,085,000 | -1.8% | $864 / Sq Ft |
| 04/07/2025 04/07/25 | Price Changed | $1,105,000 | -2.2% | $880 / Sq Ft |
| 04/04/2025 04/04/25 | Price Changed | $1,130,000 | -1.7% | $900 / Sq Ft |
| 03/14/2025 03/14/25 | Price Changed | $1,150,000 | -4.2% | $916 / Sq Ft |
| 03/06/2025 03/06/25 | Price Changed | $1,200,000 | -7.7% | $955 / Sq Ft |
| 03/06/2025 03/06/25 | For Sale | $1,300,000 | -1.9% | $1,035 / Sq Ft |
| 09/10/2024 09/10/24 | Off Market | $1,325,000 | -- | -- |
| 08/23/2024 08/23/24 | Price Changed | $1,325,000 | -3.4% | $1,055 / Sq Ft |
| 07/19/2024 07/19/24 | For Sale | $1,372,000 | +34.2% | $1,092 / Sq Ft |
| 10/10/2022 10/10/22 | Sold | $1,022,000 | -11.1% | $814 / Sq Ft |
| 07/08/2022 07/08/22 | For Sale | $1,150,000 | +27.8% | $916 / Sq Ft |
| 11/15/2021 11/15/21 | Sold | $900,000 | 0.0% | $1,059 / Sq Ft |
| 11/07/2021 11/07/21 | For Sale | $900,000 | +157.9% | $1,059 / Sq Ft |
| 09/04/2015 09/04/15 | Sold | $349,000 | 0.0% | $278 / Sq Ft |
| 08/05/2015 08/05/15 | Pending | -- | -- | -- |
| 08/01/2015 08/01/15 | For Sale | $349,000 | -58.9% | $278 / Sq Ft |
| 04/02/2015 04/02/15 | Sold | $850,000 | -26.1% | $387 / Sq Ft |
| 03/03/2015 03/03/15 | Pending | -- | -- | -- |
| 09/15/2014 09/15/14 | For Sale | $1,150,000 | -- | $524 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,022,000 | -- | |
| Warranty Deed | $900,000 | Attorney | |
| Warranty Deed | $349,000 | Counselors Title Company Llc | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $130,000 | -- | |
| Warranty Deed | $100 | -- | |
| Deed | $100 | -- | |
| Warranty Deed | $80,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $817,600 | New Conventional | |
| Closed | $200,700 | Balloon | |
| Previous Owner | $873,321 | Balloon | |
| Previous Owner | $279,200 | New Conventional | |
| Previous Owner | $74,900 | No Value Available | |
| Previous Owner | $75,000 | No Value Available |
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: F10451950
APN: 12-43-46-09-29-009-0181
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All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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