NOT LISTED FOR SALE

711 SE 2nd St Delray Beach, FL 33483

Downtown Delray Beach Neighborhood

Estimated Value: $1,337,000 - $4,522,298

Studio
4 Baths
2,390 Sq Ft
$1,397/Sq Ft Est. Value

Sale Details

Date Sold: September 16, 2022

Last sale price $4,200,000 $1,757 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $23,446 / mo

65 Days on Market

Highlights

  • Corner Lot
  • Tile Flooring
  • Central Heating and Cooling System
  • No HOA

About This Home

As of September 2022

Value-Add Opportunity in the Delray Beach Marina District! Huge income upside and room for future development, currently fully leased and updated. Statement marble floors top line finishes fully furnished just STEPS from all the shopping and dining on Atlantic Avenue and the BEST beaches in SOFLO. PLEASE do not disturb tenants: Fully-occupied property of two studio units and two 2 bed 1bath units, all equipped with modern kitchens and bathrooms and each unit has a new stackable W/D, a private, secure pet friendly fenced yard. Marina slip rental adjacent to put your yacht. NO rental restrictions. Income figures based on rentals at present time. Sold furnished. Freshly painted exterior, new fence, all new landscaping. Perfect for vacation rentals, ABNB or Owner to live work play in Del Property is located in the Marina historic district. Many properties on same block have been fully redeveloped into modern two story town-homes and houses; however, Seller and Seller's agent and broker make no representations regarding the ability to redevelopment or improve the Property. The Property is a short walk to the beach and the entertainment district on Atlantic Avenue. Property has been completely remodeled and is fully leased. This is a must see location. Cap Rate is currently 3.69%. Just a small increase in rental income could put this Cap Rate in the mid to high 5% range for long term rentals, or even higher with short term rentals.

Last Agent to Sell the Property

Paul Daurio

Engel & Volkers Boca Raton License #3150302 Listed on: 04/01/2022

Engel & Volkers Boca Raton

Last Buyer's Agent

Eileen Smith

Logan Realty Inc License #3093155

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,292

Year Built

  • Built in 1967

Lot Details

  • 8,694 Sq Ft Lot
  • Corner Lot
  • Paved or Partially Paved Lot
  • Sprinkler System

Home Design

  • Quadruplex
  • Tar and Gravel Roof

Interior Spaces

  • 4 Bathrooms
  • 2,390 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Tile Flooring

Schools

  • Pine Grove Elementary School
  • Carver Community Middle School
  • Atlantic High School

Utilities

  • Central Heating and Cooling System
  • Three-Phase Power
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 12434616011260160

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Delray Town Of Subdivision

Building Details

  • Gross Income $219,600
  • Net Operating Income $169,316

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,292

Year Built

Built in 1967

Lot Details

8,694 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: From Atlantic Avenue go South on 7th Ave to the Round-about the property is on the corner of 7th Ave and 2nd St. adjacent from Chapel 4.
  • Year Built: 1967
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2390.0
  • Window Features: Blinds

Exterior Features

  • Lot Features: Corner Lot, Sprinklers Automatic, < 1/4 Acre
  • Pool Private: No
  • Road Surface Type: Paved
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Tar/Gravel

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None
  • Association: No

Schools

  • Elementary School: Pine Grove
  • High School: Atlantic
  • Middle Or Junior School: Carver Community

Lot Info

  • Parcel #: 12434616011260160
  • Lot Size Acres: 0.2
  • Lot Size: 143.0 ft x 0.0 ft
  • Mobile Dim Units: Feet
  • Zoning: RM(cit

Rental Info

  • Tenant Pays: None

Multi Family

  • Property Net Operating Income: 169316.0
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 219600.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 14292.1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2022
Closed on
Sep 16, 2022
Sold by
Bought by
Seller's Agent
Paul Daurio
Engel & Volkers Boca Raton
Buyer's Agent
Eileen Smith
Logan Realty Inc
List Price
$4,500,000
Sold Price
$4,200,000
Premium/Discount to List
-$300,000
-6.67%
Current Estimated Value
$3,338,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$861,567
Avg. Annual Appreciation
-5.75%

Purchase Details

Listed on
Aug 6, 2020
Closed on
May 24, 2021
Sold by
Bought by
Seller's Agent
Debby O'Connell
Hampton Real Estate Group
Buyer's Agent
Debby O'Connell
Hampton Real Estate Group
List Price
$1,599,000
Sold Price
$761,586
Premium/Discount to List
-$837,414
-52.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
264.56%
Original Mortgage
$745,318
Interest Rate
0.029%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$4,200,000 --
$761,586 Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $745,318
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/16/2022 09/16/22 Sold $4,200,000 -6.7% $1,757 / Sq Ft
08/17/2022 08/17/22 Pending -- -- --
03/28/2022 03/28/22 For Sale $4,500,000 +490.9% $1,883 / Sq Ft
05/24/2021 05/24/21 Sold $761,586 -52.4% $319 / Sq Ft View Prior Sale
04/24/2021 04/24/21 Pending -- -- --
06/12/2017 06/12/17 For Sale $1,599,000 -- $669 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $61,375 $3,360,083
2024 $61,375 $3,279,718
2023 $56,901 $2,981,562 $1,875,500 $1,106,062
2022 $24,267 $1,221,393 $0 $0
2021 $14,292 $716,973 $435,000 $281,973
2020 $13,362 $682,595 $525,000 $157,595
2019 $12,424 $632,595 $475,000 $157,595
2018 $11,419 $627,612 $520,336 $107,276
2017 $10,506 $551,628 $452,466 $99,162
2016 $9,982 $415,228 $0 $0
2015 $9,478 $377,480 $0 $0
2014 $8,926 $343,164 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Paul Daurio

    Seller's Agent in 2022

    Paul Daurio

    Engel & Volkers Boca Raton

    (321) 946-2991

    2 in this area

    8 Total Sales

    Paul Daurio
    Section Image
  • Eileen Smith

    Buyer's Agent in 2022

    Eileen Smith

    Logan Realty Inc

    (561) 866-5486

    1 in this area

    7 Total Sales

    Eileen Smith
    Section Image
  • Debby O'Connell

    Seller's Agent in 2021

    Debby O'Connell

    Hampton Real Estate Group

    (561) 573-5099

    1 in this area

    18 Total Sales

    Debby O'Connell
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10787194

BeachesMLS (Greater Fort Lauderdale)

APN: 12-43-46-16-01-126-0160

Florida Palm Beach County Delray Beach 33483 Downtown Delray Beach

711 SE 2nd St, Delray Beach, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS (Greater Fort Lauderdale) 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 2026 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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