1690 S Ocean Blvd - 1690-1692 S Ocean Blvd., Delray Beach 2 Unit Apartment Building Offered at $5,450,000 Delray Beach, FL 33483

Rare investment opportunity in one of Delray Beach's most desirable beachside locations. This exceptional property consists of two fully renovated attached luxury homes, offering investors multiple ownership and income strategies. The homes are in the process of being divided into separate legal units, each with its own folio number, providing added flexibility and the opportunity for future individual ownership and resale.
Ideally located just steps from the beach and only minutes from Atlantic Avenue's renowned dining, shopping, and entertainment district, the property is perfectly positioned to capitalize on Delray Beach's strong luxury and seasonal rental market. Projected seasonal rental income exceeds $60,000 per month during season, making this an exceptional income-producing asset.
Both homes have been completely renovated with premium finishes throughout, including Thermador appliances, custom cabinetry, designer lighting, rich wood flooring, custom wood accent walls, hinge-less solid wood interior doors, spa-inspired bathrooms with luxury tile work, new HVAC systems, and high-end contemporary finishes. Every detail has been thoughtfully designed to appeal to discerning luxury buyers and renters.
Whether your strategy is to operate a high-end vacation rental, hold for long-term appreciation, occupy one residence while generating income from the other, or take advantage of the future flexibility offered by separate ownership, this property presents multiple exit strategies in one of South Florida's strongest luxury coastal markets. Opportunities combining a premier beachside location, luxury renovations, exceptional rental income potential, and future individual ownership are rarely available.