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+45 photosLuxury townhome — 408 SE 2nd Street · Osceola Villas - Osceola Park · Delray Beach



















































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Open property magazine$3,650,000
408 SE 2nd Street, Delray Beach, FL 33483
Delray Beach, FL, 33483
5 bd · 6 ba · 3,911 sqft
Listed by The Corcoran Group
408 SE 2nd Street, Delray Beach, FL 33483
Listed by The Corcoran Group
This home is no longer available for a tour.
It is pending or sold, so it cannot be added to a tour day. Ask Simon about similar homes you can still see.
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated Monthly Payment
20% down · 6.75% interest · 30-year loan · Jumbo loan
Jumbo loan: put down about $2,817,250 or more to stay conforming. What's different?
- A bigger down payment, often 10–20% or more
- A higher credit score, often 700+
- More cash reserves, often 6–12 months of payments
- Full income documentation, sometimes a second appraisal on large loans
Other options: Conforming first mortgage plus a home equity loan for the rest ("piggyback"); Portfolio or private bank loans; Cash. Each lender sets its own rules.
Principal, interest, taxes and insurance. Property Tax (after sale). Estimated; not a lender quote.
- Principal & interest
- $18,939/mo
- Property tax (after sale) est.
- $3,691/mo
- Homeowners insurance est.
- $523/mo
- HOA
- $0/mo
Estimate only, not guaranteed. Verify before you buy or sell.
Cash to close
408 SE 2nd Street, Delray Beach, FL 33483
Estimated cash to close est.
$765,237.00
Down payment plus Florida taxes, title, lender and prepaid costs.
Partial estimate: unknown amounts are excluded. Ask Simon to verify them.
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Loan amount (calculated): $2,920,000.00Jumbo loan
Above the 2026 $832,750.00 limit, so the daily jumbo rate is used. Put down about $2,817,250.00 or more to stay conforming.
Current site planning rate. Rate does not change the taxes or fees below. Prepaid interest is not included.
Edit closing costs & prepaids
Assumes both policies cover identical land and dates, with loan coverage within owner coverage—even if the seller pays owner title. Minimum lender premium $25. Turn off if not eligible. Endorsement allowance defaults to one $25 endorsement; actual requirements and premiums vary (Florida 69O-186.005).
Appraisal starts at $650. Waterfront and luxury homes may require a higher fee; confirm with your lender.
Tax uses existing ZIP estimates (after sale); insurance uses existing site estimates. Edit with your quote. If HOA insurance is included, confirm separate unit-owner coverage. Missing HOA costs are excluded—not assumed zero.
Estimated cash to close est.
$765,237.00
- Down payment est.
- $730,000.00
- Mortgage note documentary stamps est.
- $10,220.00
- Mortgage intangible tax est.
- $5,840.00
- Lender’s title insurance est.
- $25.00
- Lender title endorsements est.
- $25.00
- Lender fees est.
- $1,500.00
- Appraisal est.
- $650.00
- Title search & examination est.
- $125.00
- Municipal lien search est.
- $150.00
- Settlement / closing fee est.
- $450.00
- County recording (deed) est.
- $30.00
- County recording (mortgage) est.
- $120.00
- Inspection, wind mitigation & 4-point est.
- $900.00
- Survey est.
- $500.00
- Property tax escrow (2 months, after sale) est.
- $7,382.33
- Insurance escrow (2 months) est.
- $1,045.67
- First-year insurance premium est.
- $6,274.00
- HOA / condo contribution or transfer est.
- Not provided
Partial estimate: unknown amounts are excluded. Ask Simon to verify them.
Mortgage stamps: $0.35 per $100 or fraction. Intangible tax: 0.2% of loan. Title uses Florida 69O-186.003 base rates. Assumes 2 months of tax/insurance escrow for financed purchases plus first-year insurance; cash purchases have no lender escrow.
Before deposits and credits. Prepaid interest and other contract costs are not included. Discounts and title endorsements must be confirmed by the title company. Title search, municipal lien search, settlement and recording are pass-through title company charges for cash and financed buyers alike; the municipal lien search is priced by each city and can run higher (e.g. Boca Raton $150, Coral Gables $220).
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Insurance & flood
- Flood zone (FEMA)
- Not available —
- Homeowners insurance est.
- $523 / month
Source: FEMA National Flood Hazard Layer · Date checked: Nov 5, 2026
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
Flood zone: Not available —
Source: FEMA National Flood Hazard Layer · Date checked: Nov 5, 2026
- Roof type
- Not provided —
- Roof year
- 2025 (assumed from year built)
- Impact windows / doors
- Impact Glass (Complete)
- Shutters
- Not provided —
- Window features
- Sliding
- Year built
- 2025
Homeowners insurance: $523 / month est.
- Annual premium est.
- $5,969
- Fees & taxes est.
- $305
- Annual total est.
- $6,274
- Likely range est.
- $5,333–$7,529
- Dwelling coverage est.
- $1,393,294
- Other structures est.
- $27,866
- Personal property est.
- $278,659
- Loss of use est.
- $139,329
- Hurricane deductible (2%) est.
- $27,866
Based on the listing: 3,911 sq ft · built 2025 · 3 stories · roof from 2025 · impact windows / shutters · luxury finish level.
Dwelling coverage uses living area × county rebuilding cost. Selling price and land value are not included. The monthly estimate includes fees and applicable taxes.
Broward inland rates were calibrated against two supplied policies; other county and coastal rates have not yet been calibrated against real quotes.
Assumed where the listing is silent: concrete-block construction · inland rating band · gable roof · 2% hurricane deductible · admitted carrier; no surplus-lines tax. A newer roof, a hip roof shape, or a higher deductible can lower the premium; frame construction can raise it.
Educational estimate only, not an insurance quote. Actual premiums depend on the carrier, inspections, discounts, and underwriting. Flood insurance not included. Simon Gedz is a Realtor, not a licensed insurance agent.
The FEMA map is a strong indication, not the final answer: your lender orders its own flood zone determination. Cash buyers are not required to carry flood insurance, but on the water it is strongly recommended.
Florida rule: by 2027, Citizens policyholders must carry flood insurance even outside a flood zone, unless the Citizens policy excludes wind coverage. The FEMA map does not show this.
How flood insurance is priced (FEMA Risk Rating 2.0)
Flood insurance is priced home by home, so two neighbors on the same canal can pay very different amounts. Premiums depend on the home's elevation (first-floor height above the expected flood level), distance to water (ocean, Intracoastal, canal or river), the type of flood risk (storm surge, heavy rain or river overflow), the cost to rebuild, the foundation and construction type, and past flood claims on the property.
Federal flood insurance (NFIP) pays at most $250,000 for the building and $100,000 for contents. A luxury waterfront home needs private flood insurance or an "excess flood" policy on top.
Before an offer: pull the official FEMA flood map (FIRMette), ask the seller for an elevation certificate (it largely decides the price), ask whether the seller's existing NFIP policy can be transferred to you (sometimes at a lower rate), and have an insurance agent check prior flood claims (CLUE report). New NFIP policies usually have a 30-day wait before they take effect — don't leave it until the week of closing.
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
About This Property
Find similar homesStaged, completed, and brand new—this exceptional luxury townhome is just two blocks from Atlantic Avenue in the heart of Downtown Delray Beach. Introducing a truly rare offering: the largest residence within the exclusive enclave of Osceola Villas. This remarkable home embodies the ultimate coastal lifestyle, just moments from Delray Beach's acclaimed dining, sophisticated boutiques, vibrant nightlife, and pristine shoreline. Designed for both refined everyday living and effortless entertaining, this expansive five-bedroom, five-and-a-half-bath residence spans multiple levels and is serviced by a striking glass-enclosed elevator. Elegant interiors showcase soaring ceilings, abundant natural light, and a dramatic skylight that enhances the home's bright, open ambiance. Staged, completed, and brand new, this exceptional luxury townhome is just two blocks from Atlantic Avenue in the heart of Downtown Delray Beach. Presenting a truly rare offering, this remarkable residence is the largest home within the exclusive enclave of Osceola Villas. Thoughtfully designed to capture the essence of refined coastal living, it is just moments from Delray Beach's acclaimed dining, chic boutiques, vibrant nightlife, and pristine shoreline. Designed for both elevated everyday living and effortless entertaining, this expansive five-bedroom, five-and-a-half-bathroom residence spans multiple levels and is serviced by a dramatic windowed elevator. Elegant interiors are defined by soaring ceilings, abundant natural light, and a striking skylight that enhances the home's bright, airy ambiance. At the heart of the home, the gourmet kitchen is both beautiful and functional, featuring a large island with a built-in wine refrigerator, gas cooktop, premium Miele appliances, generous cabinetry, and exceptional storage. Adjacent living and entertaining spaces flow seamlessly, while a dedicated club room with a built-in bar and an additional loft offer versatile spaces for gathering and relaxation. Indoor and outdoor living are equally impressive. On the main living level, a private south-facing heated pool with a water feature creates a serene retreat with year-round enjoyment in the center of downtown. Above, the sprawling rooftop terrace elevates entertaining with the perfect setting for sunset soirées, al fresco dining, and evenings under the stars. The primary suite is a true sanctuary, complete with dual walk-in closets, a built-in coffee bar, a tranquil sitting area, and a spa-inspired bath. Additional luxury features include side-by-side laundry, smart-home readiness, pre-wiring for electric vehicle chargers and motorized shades, and impeccable attention to detail throughout. Parking is equally exceptional, with a two-car garage with lift potential, as well as a separate golf cart garage that perfectly complements Delray's relaxed coastal lifestyle. With no HOA and immediate occupancy available, this home offers both flexibility and peace of mind. Architecturally designed by Shane Ames of Ames International Architecture, this distinctive townhome seamlessly blends sophisticated design, modern comfort, and an unbeatable downtown Delray Beach location. The information published and provided, including but not limited to prices, measurements, square footages, lot sizes, features, finishes, and calculations, is subject to errors, omissions, or changes without notice. All such information should be independently verified. All parties should conduct their own due diligence to verify all information.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 9%
The seller has come down from $3,995,000 to $3,650,000 — a $345,000 reduction since it came on the market.
238 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details

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Your costs (est.)
≈ $23,153/mo
408 SE 2nd Street, Delray Beach, FL 33483 · Delray Beach
Location
408 SE 2nd Street, Delray Beach, FL 33483
What buyers ask about this home
What are the estimated monthly carrying costs at 408 SE 2nd Street, Delray Beach, FL 33483?+
Property tax (after sale): $3,691/month est.; homeowners insurance: $523/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $4,214/month est. Principal and interest: $18,939/month; PMI: $0/month. Total for the payment scenario shown: $23,153/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 408 SE 2nd Street, Delray Beach, FL 33483?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 408 SE 2nd Street, Delray Beach, FL 33483 need flood insurance, and what drives the premium?+
Most of Delray Beach sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should I check about the association before buying 408 SE 2nd Street, Delray Beach, FL 33483?+
For a Florida condo, review the milestone structural inspection and the Structural Integrity Reserve Study, current reserve balances, any pending or recently voted special assessment, the association's insurance and its litigation history. Ask how many units are owner-occupied and whether the lender will approve the building — a poorly funded association is the single biggest hidden cost in a condo purchase.
Can 408 SE 2nd Street, Delray Beach, FL 33483 be rented out?+
Rental rules are set by the association's documents, not the MLS. Many Delray Beach luxury buildings limit leases to once or twice a year with a minimum term and require board approval and an application fee. Request the declaration and rules before your inspection period ends if rental income matters to your plan.
Is there room to negotiate on 408 SE 2nd Street, Delray Beach, FL 33483?+
This listing has been on the market 238 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Delray Beach. Walkable Atlantic Avenue, award-winning beach, and a vibrant gallery + dining scene.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Pine Grove Elementary School
Elementary · 1.0 mi from this home · 1000 Sw 4Th Ave, Delray Beach
Zone boundaries published by School District of Palm Beach County.
Other options for this address
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School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
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