1240 Seaspray Avenue, Delray Beach, FL 33483
$7,050,000
Property Type:
Land & Docks
Lot Size (sq. ft.):
38,768
Status:
Closed
Current Price:
$7,050,000
List Date:
5/09/2017
Last Modified:
1/24/2026
Description
Opportunity to purchase two oceanfront lots in multimillion dollar area with an existing structure in need of repair just north of Atlantic Avenue in highly desirable Delray Beach location. Potential to build two homes (one oceanfront and one dry lot (1240 Seaspray)) without subdividing. 344 N. Ocean Blvd. is included in sale with 1240 Seaspray.
More Information MLS# F10066980
Contract Information
Comp Sale YN: No
LP/Acre: 10794318.18
Listing Contract Date: 2017-05-09
Status: Closed
Original List Price: 9499000
Sold Price: $7,050,000
Current Price: $7,050,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Delray Beach
Postal Zip: 33483
Geographic Area: PB02
Country: United States
Street Number: 1240
Street Name: Seaspray
Street Suffix: Avenue
State Or Province: FL
Postal Code: 33483
Postal Code +4: 7142
Subdivision Name: Sea Spray Estates
Area: 4140
Parcel Number: 12434616240000270
Zoning: R-1-AAA
General Property Information
Number Of Lots: 2
Lot Size Dimensions: 38760
Water Frontage Feet: 143
LP/Assessed Value: 8.74
LP/SqFt: 245.02
Property Sub Type: Unimproved Land
Lot Size Acres: 0.88
Lot Size Square Feet: 38768
Additional Parcels Description: 12434616240000280
Waterfront YN: 1
Direction Faces: East
Financial Information
Tax Assessed/SOH Value: 1086691
Assessor Market Value: 1086691
Tax Year: 2016
Tax Annual Amount: 19780
Tax Legal Description: SEA SPRAY ESTATES LT 27
Office/Member Information
DXORIGMLSID: FLL
Status Change Information
Buyer Financing: Cash
SP/Acre: 8011363.64
Major Change Timestamp: 2017-10-18T19:30:19Z
Major Change Type: Status Change
Status Change Date: 2017-10-19
Under Contract Date: 2017-07-22
Close Date: 2017-10-18
Close Price: 7050000
Short Sale Details
Short Sale Addendum: No
Current Use
Check Land Use Plan: 1
Residential: 1
Single Family: 1
Development Status
Other: 1
Location of Property
Corner Unit: 1
Other Structures
Other: 1
Possession
Negotiable: 1
Possible Use
Single Family: 1
Trees
Other: 1
Vegetation
Other: 1
Water Access
Other: 1
Water View
Ocean: 1
Listing Terms
Other: 1
Lot Features
Other: 1
Road Frontage Type
Public Road: 1
Road Surface Type
Paved: 1
Waterfront Features
Ocean Front: 1
Showing Requirements
See Remarks: 1
Listing Terms Description
Listing Terms Description: Cash, Finance, As-Is
Contingencies
Inspection: 1
Concessions
Seller Concessions: No
Price Calculations
Current Price To SqFt: 181.85
Original List Price To Close Price: 0.74
Section Details
Parcel Number MLX: 0270
Acreage Description
1/2 To Less Than 1 Acre Lot: 1
Originating Details
Originating System Key: 437775060
Originating System ID: M00000170
Property Features
Current Use: Check Land Use Plan; Residential; Single Family
Development Status: Other
Location of Property: Corner Unit
Other Structures: Other
Possession: Negotiable
Possible Use: Single Family
Trees: Other
Vegetation: Other
Listing Terms: Other
Lot Features: Other
Road Frontage Type: Public Road
Road Surface Type: Paved
Water Access: Other
Water View: Ocean
Waterfront Features: Ocean Front
Showing Requirements: See Remarks
Contingencies: Inspection
Acreage Description: 1/2 To Less Than 1 Acre Lot
Listing Office:
The Keyes Company
Last Updated: January - 24 - 2026
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