Home » Properties » 198 SE 4th Street, Delray Beach FL 33483

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Prime Oversized Lot in Delray Beach - Subdividable Land

Spacious .59-acre lot in Delray Beach, close to downtown and beaches, ideal for subdivision or a private estate.

$2,100,000

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Florida Local Time --:--

MLS #R11065594

Listing Updated: 2026-07-11 06:40:05

Listed By: Hampton Real Estate Group

Overview

This exceptional .59-acre lot located at 198 SE 4th Street in Delray Beach offers a rare opportunity to own a sizable piece of land in a rapidly growing coastal neighborhood. Measuring 155' by 167', the property is just four blocks from downtown Delray Beach and minutes from the pristine shoreline, providing both convenience and lifestyle appeal. The oversized lot can be subdivided into two separate parcels, making it suitable for developers, builders, or buyers looking to create a private coastal estate. With its prime location and generous size, this property presents versatile development possibilities in one of South Florida’s sought-after communities.

Property Highlights

Oversized .59-acre lot, subdividable into two parcels, located four blocks from downtown Delray Beach, minutes from the beach, ideal for development or private estate.

Property Details

City: Delray Beach

State: FL

Zip Code: 33483

Address: 198 SE 4th Street, Delray Beach FL 33483

Year Built:

Property Type: Land/Boat Docks

Property Sub Type: Agriculture

Listing Office Name: Hampton Real Estate Group

County: Palm Beach County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $9,460

Days On Market: 457 Days

Original Listing Description

Prime Oversized Lot in Growing Coastal Neighborhood - Subdividable Opportunity! Seize this rare opportunity to own a spacious .59-acre lot (155' x 167') in one of Delray Beach's most desirable locations! Just four blocks from downtown Delray Beach and within minutes of the pristine shoreline, this oversized 2.5-lot property offers incredible potential for development. With ample space to subdivide into two separate lots, this is the perfect investment for builders, developers, or those looking to create a private coastal estate. Nestled in a thriving neighborhood experiencing rapid growth, this property presents endless possibilities—whether you envision two luxury residences or a sprawling single-family retreat.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

198 SE 4th Street, Delray Beach FL 33483

About This Neighborhood

Situated in a flourishing coastal neighborhood of Delray Beach, this property benefits from a vibrant community atmosphere. The area is known for its blend of residential charm and easy access to urban amenities. Residents enjoy close proximity to downtown shops, dining, and cultural venues, as well as nearby beaches. The neighborhood is experiencing steady growth, attracting professionals, families, and retirees seeking a balanced lifestyle with both natural beauty and city conveniences.

Walkability & Lifestyle

This property’s location just four blocks from downtown Delray Beach ensures excellent walkability to a range of amenities. Residents can enjoy nearby restaurants, boutique shops, art galleries, and entertainment venues without the need for a vehicle. The proximity to beaches and waterfront parks also enhances outdoor lifestyle options, encouraging walking, biking, and recreational activities. The neighborhood’s pedestrian-friendly design supports a convenient and vibrant daily living experience.

Things To Do Nearby

Delray Beach offers a rich variety of activities including waterfront dining, boating, cultural events, and outdoor recreation. Residents near this property can explore marinas, golf courses, and nature trails, or enjoy the vibrant nightlife and local festivals downtown. The nearby beaches provide opportunities for swimming, sunbathing, and water sports. This area is well-suited for those seeking an active lifestyle with diverse leisure options close to home.

Nearby Schools

The Delray Beach area offers access to a variety of educational institutions ranging from public to private schools. Families considering this location will find convenient options for quality education within reasonable distances. The neighborhood supports easy commutes to nearby schools, making it a practical choice for residents with children. Educational facilities in the region contribute to the community’s appeal by providing diverse learning environments that cater to different age groups and preferences.

Why Buyers Like This Area

Buyers appreciate this Delray Beach location for its combination of coastal charm and urban convenience. The oversized lot provides flexibility for various development plans, appealing to those wanting to build custom homes or subdivide for multiple residences. The neighborhood’s growth, access to downtown, and proximity to the beach make it a desirable place to live or develop. Its setting in a stable and expanding community adds to its attractiveness for a wide range of buyers.

Investment Potential

This oversized lot in Delray Beach offers strong potential for development due to its size and location. The ability to subdivide into two lots enhances its appeal for builders and developers seeking to capitalize on the growing demand for coastal properties. Its proximity to downtown and the beach attracts a broad range of buyers and renters, ensuring sustained interest. While not guaranteeing returns, the property’s flexibility and location in a thriving neighborhood make it a valuable asset for those considering long-term real estate opportunities in South Florida.

Market Trends

Delray Beach’s real estate market continues to attract attention due to its desirable coastal location and lifestyle offerings. Demand for land parcels suitable for residential development remains steady, particularly for properties near downtown and the beach. Inventory in prime locations is limited, which supports stable interest among buyers and developers. The market reflects a balanced environment where quality lots like this one are sought after for their potential to accommodate luxury homes or multi-lot projects, aligning with broader trends in South Florida’s coastal communities.

Rental Income Potential

While this property is land and does not generate rental income directly, its location near downtown Delray Beach and the beach makes it attractive for future residential developments with strong rental appeal. Seasonal demand in this coastal area supports interest from tenants seeking short-term and long-term leases. Developers and investors may find value in creating housing that meets the needs of renters drawn to the lifestyle and amenities of Delray Beach, contributing to the property’s overall usability and marketability.