Address1221 Laing St, Delray Beach, FL, 33483

Price$2,825,000

  • Land

    Very special opportunity! Just 200 feet from Delray's pristine beach and located in the rarely available and sought-after enclave of Sandpiper Lane and Laing Street, lies a unique and ready-to-build property.Complete and City approved plans designed by renowned architect Gary Eliopolous offer a classic take on Delray Beach's French Creole architectural style. But--that is only part of the story of this incredible offering...The owner has obtained four Board of Adjustment variances and two City of Delray Beach waivers, allowing the construction to begin of a three-story, 4,900 square foot home on a 5,450 square foot lot--incredible!These entitlements run with the deed, meaning you can take advantage of a floor area ratio (FAR) of 90% in Delray's R-1AAA zone, where the maximum FARis capped at 35%. Floor Area Ratio determines how big you can build your new house on your lot. Additional standout features of this property are its location in the "X" flood zone (once every 1,000 years) ensuring peace of mind, added security, and the avoidance of FEMA required additional flood zone fees. Please take a look at the elevation renderings including the pool and terrace included here. Keep the current design and personalize the interior to your liking or opt for a completely new design that conforms to your own vision and current zoning regulations. The lot is fully developed and permits can be pulled immediately, with gas, water (2" main), and electric is already installed. Seize this rare opportunity where the seller has done all the heavy lifting to allow you to build your own bit of heaven here on earth only a short walk to the shops and restaurants of Atlantic Avenue and the warm Atlantic Ocean. Delray Beach's real estate market is HOT. 1221 Laing, with its prime location, short walk to Atlantic Avenue's restaurants and shops, architecturally conceived elegance and charm, twenty first century amenities, unparalleled construction entitlements, and priced to sellthis property will go quickly!

    Essential Information

    • MLS® #RX-10896480
    • Price$2,825,000
    • HOA Fees$0
    • Taxes$17,369 (2022)
    • Acres0.00
    • TypeLand
    • StyleNo
    • StatusActive

    Community Information

    • Address1221 Laing St
    • Area4140
    • SubdivisionCREGO AMD
    • CityDelray Beach
    • CountyPalm Beach
    • StateFL
    • Zip Code33483

    Sub-Type

    Residential, Single Family Detached

    Amenities

    • UtilitiesNone

    Exterior

    • Lot Description< 1/4 Acre

    Additional Information

    • Days on Website321
    • ZoningR-1-AA

    Listing Details

    • OfficeThe Corcoran Group
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    Price Change History for 1221 Laing St, Delray Beach, FL (MLS® #RX-10896480)

    Date Details Change
    Price Reduced from $2,950,000 to $2,825,000 $125,000 (4.24%)
    Status Changed from New to Active

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    Listing information last updated on April 28th, 2024 at 6:45pm EDT.

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