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823 Palmer Road, Delray Beach FL 33483

Lots/Land Recently Sold
$4,650,000

BTC: 55.92975704

ETH: 1,754.71698113

Sold on: 2026-08-31
2 days
Waterfront
0 room(s)

Overview

RARE DIRECT INTRACOASTAL REDEVELOPMENT OPPORTUNITY! Approx. .8-acre point/corner waterfront property with approx. 395' of waterfront—145' directly on the Intracoastal and 250' on a wide navigable side canal. Exceptional opportunity for a luxury waterfront estate or potential residential redevelopment. Currently owner occupied, providing the opportunity for continued occupancy while planning future redevelopment. Zoned RM-Multifamily Residential. City water serves the property. Municipal sewer is available at the property and sewer impact fees have been paid. Existing residence offered primarily for land/redevelopment value. All development potential and permitted uses subject to governmental approval and buyer verification. Property experiences seasonal King Tide/high-water conditions. Existing seawall is failing and will require replacement. Two existing septic systems will require abandonment with conversion to municipal sewer. Municipal sewer is available at the property and sewer impact fees have been paid.

Location

Florida • Delray Beach • 33483 • Lots/Land • Recently Sold • Waterfront

Details

Type:
Land/Boat Docks
Parking:
No Data
Year Built:
No Data
Lot:
0.83 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$850,000
$150K – $5.2M
Confidence Low
List vs. estimate
$3.8M above estimate
List $4,650,000 · +447.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
55 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $582K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$9,341
2025
View
Canal, Intracoastal View
Waterfront
Canal Front, Canal Width 1-80 Feet
All facts and features

  • Lot

    • Lot: 0.83 Acres

    Other Property Information

    • Parcel Number: 00434604000010400

    • Zoning: RM

  • Type and style

    • Property Type: Land/Boat Docks

    • Property Sub Type: Agriculture

  • Utility

    • Septic

    • Sewer Connected

    • Electricity Available

    • Phone Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $9,341

  • Source details

    • MLS ID: B26062029

    Other facts

    • Lot Features: 1/2 To Less Than 3/4 Acre Lot / Less Than 1 Acre / Septic

    • Direction Faces: Northeast

    • Waterfront: Yes

    • Water Source: Public

    • Lot Size Dimensions: 145x250

    • Subdivision Name: lengthy legal

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33483
195
median $1.4M
Active
Same city
Delray Beach
1,364
median $300K
Active
Same type
Lots/Land
22
median $1.1M
Active
Similar price
$3.3M – $6.0M
75
median $4.2M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Nautica Realty