DEL IDA PARK

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

Closed

$2,250,000

Est. Payment $11,975/mo

MLS Sheet Video

11

Days on Market

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

Facts

MLS#
R10826732
Subdivision
DEL IDA PARK
Property Type
Land/Boat Docks
Property Sub Type
Agriculture
Year Built
Lot Size
23,958 ft²
Sq. Ft.
Sq. Mt.
Price per sq. ft.
Price per sq. mt.
Stories
Garage
Pool
Days on Market
11 days
Listed
Aug 23, 2022
Last Updated
May 20, 2026
Price/Lot Sq.Ft.
$94/ft²

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Delray Beach

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

July 2026

100/100
Buyers marketSellers market

61

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

5/20/2026Sold$2,250,000
8/23/2022Listed for sale$2,250,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Estimated Monthly Payment

$14,000/mo

Principal & Interest

$11,975

Property Tax

$1,875

Insurance

$150

HOA

$0

20% ($450,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

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