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The Tropics of Delray 2 Land Properties Offered at $14,900,000 in Delray Beach, FL
Investment Highlights
- Situated in a high-demand corridor within Delray Beach, close to downtown
- Flexible redevelopment potential with approved plans
Executive Summary
Description: The Tropics of Delray presents a rare, city-approved dual-site development opportunity located at 2400 and 2410 N Federal Highway in East Delray Beach, just minutes from Atlantic Avenue and the area’s renowned beaches.
Positioned to capitalize on the strong demand for upscale residential living, this offering includes approved plans for two thoughtfully designed projects: a 16-unit garden flats/condo development at 2400 N Federal Highway and an 18-unit luxury townhome community at 2410 N Federal Highway. With approvals already secured, developers can move forward with confidence and speed, avoiding lengthy entitlement processes while maintaining the flexibility to execute the existing plans or tailor the projects to meet evolving market preferences. Situated along a high-visibility corridor in one of South Florida’s most desirable and supply-constrained markets, The Tropics of Delray offers a compelling opportunity for immediate value creation and long-term investment upside.
Positioned to capitalize on the strong demand for upscale residential living, this offering includes approved plans for two thoughtfully designed projects: a 16-unit garden flats/condo development at 2400 N Federal Highway and an 18-unit luxury townhome community at 2410 N Federal Highway. With approvals already secured, developers can move forward with confidence and speed, avoiding lengthy entitlement processes while maintaining the flexibility to execute the existing plans or tailor the projects to meet evolving market preferences. Situated along a high-visibility corridor in one of South Florida’s most desirable and supply-constrained markets, The Tropics of Delray offers a compelling opportunity for immediate value creation and long-term investment upside.
Property Facts
| Price | $14,900,000 | Number of Properties | 2 |
| Sale Type | Investment | Individually For Sale | 2 |
| Status | Active | Total Land Area | 3.08 AC |
| Price | $14,900,000 |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Land Area | 3.08 AC |
Properties
| Property Name / Address | Property Type | Size | Individual Price |
|---|---|---|---|
| 2410 N Federal Hwy, Delray Beach, FL 33483 | Land | 1.71 AC | $7,900,000 |
| 2400 N Federal Hwy, Delray Beach, FL 33483 | Land | 1.37 AC | $7,000,000 |
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