2 bed 1 bath luxury home for sale at 729 SE 2nd Avenue, Delray Beach, FL — Osceola Park

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Photo 2 of 729 SE 2nd Avenue, Delray Beach, FL in Osceola Park — luxury home for sale

Photo 3 of 729 SE 2nd Avenue, Delray Beach, FL in Osceola Park — luxury home for sale

Luxury home — 729 SE 2nd Avenue · Osceola Park · Delray Beach

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luxury

$825,000

729 SE 2nd Avenue, Delray Beach, FL 33483

Delray Beach, FL, 33483

2 bd · 1 ba · 748 sqft

Listed by Compass Florida LLC

luxury

729 SE 2nd Avenue, Delray Beach, FL 33483

OSCEOLA PARK

Delray Beach, Palm Beach County, FL, 33483

More homes for sale in Delray Beach →

$909,000$825,000No longer listed

Listed by Compass Florida LLC

This listing has expired or been withdrawn by the seller.

Price reduced $84,000 (9.2%)

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

$5,261/ month

20% down · 6.75% interest · 30-year loan · Conforming loan

Principal, interest, taxes and insurance. Property Tax (after sale). Estimated; not a lender quote.

Principal & interest: $4,281/mo
Property tax (after sale) est.: $834/mo
Homeowners insurance est.: $146/mo
HOA: $0/mo

Estimate only, not guaranteed. Verify before you buy or sell.

Cash to close

729 SE 2nd Avenue, Delray Beach, FL 33483

Open calculator

Estimated cash to close est.

$176,815.34

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.

Purchase price ($)County

Cash purchase

Down payment (%)

Interest rate (%) est.

Loan amount (calculated): $660,000.00Conforming loan

Current site planning rate. Rate does not change the taxes or fees below. Prepaid interest is not included.

Buyer pays owner’s title insurance

Buyer default: Broward / Miami-Dade. Seller default: Palm Beach. Your contract controls.

Edit closing costs & prepaids

Lender fees ($) est.Appraisal ($) est.Title endorsements allowance ($) est.Title search & examination ($) est.Municipal lien search ($) est.Settlement / closing fee ($) est.County recording — deed ($) est.County recording — mortgage ($) est.Inspection / wind / 4-point ($) est.Survey ($) est.Annual property tax after sale ($) est.Annual homeowners insurance ($) est.HOA / condo contribution or transfer ($) est.

Simultaneous owner and lender title policies

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.

$176,815.34

Down payment est.: $165,000.00
Mortgage note documentary stamps est.: $2,310.00
Mortgage intangible tax est.: $1,320.00
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.: $1,668.67
Insurance escrow (2 months) est.: $291.67
First-year insurance premium est.: $1,750.00
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.: $146 / 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: Not provided —
Impact windows / doors: Impact Glass (Complete)
Shutters: Not provided —
Window features: Impact Glass (Complete)
Year built: 1990

Homeowners insurance: $146 / month est.

Annual premium est.: $1,445
Fees & taxes est.: $305
Annual total est.: $1,750
Likely range est.: $1,488–$2,100
Dwelling coverage est.: $187,000
Other structures est.: $3,740
Personal property est.: $37,400
Loss of use est.: $18,700
Hurricane deductible (2%) est.: $3,740

Based on the listing: 748 sq ft · built 1990 · one story · impact windows / shutters.

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: frame construction · inland rating band · roof 6–15 years old · gable roof · standard finish · 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.

Open FEMA flood map & FIRMette

Insurance estimates vary widely. Get a real quote before you make an offer.

Estimate only, not guaranteed. Verify before you buy or sell.

Bedrooms

Bathrooms

748

Sq. Ft.

About This Property

Find similar homes

Located in the heart of Osceola Park, this 6,691 SF property offers a unique opportunity to secure a well-positioned parcel in one of East Delray's most sought-after neighborhoods. The existing 2-bedroom, 1-bath home is livable and can serve as a rental or short-term hold, but the true value is in the land. A neighborhood that has seen significant redevelopment over the past several years, Osceola Park continues to attract builders and buyers looking to put down roots close to the water and Atlantic Avenue. Positioned directly across from Currie Commons Park, the property benefits from open green space, mature trees, and a more open feel than most streets in this part of Delray — a combination that continues to attract both builders and end users to the area. The location places you within walking distance to Atlantic Avenue and less than a mile from the beach. Whether the plan is to build, live in the home, rent it, or hold for the future, the property offers flexibility with clear long-term upside. Additional details available upon request.

Good deal

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 $909,000 to $825,000 — a $84,000 reduction since it came on the market.
173 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

Property Type

Single Family Residence

Year Built

1990 (36 yrs old)

Lot Size

0.15 acres (6,534 sq ft)

Price / Sq Ft

$1,103

Community

OSCEOLA PARK

MLS #

B26028217

Location

Delray Beach, Palm Beach County, FL, 33483

Listed

5/12/2026

Days on Market

173

Pets

Pet-friendly — Breed restrictions · Number limit (confirm current rules with the association)

Dogs

Welcome here

Cats

Welcome here

Breed restrictions

Some breeds not accepted

QR code

Scan to open this home on any phone

Dryer

Microwave

Refrigerator

Washer

Range

Flooring: Vinyl

Cooling: Central Air

Heating: Central

Parking: Driveway

Construction: Wood Siding

Resale

Storm Protect: Impact Glass (Complete)

1 Story

Subdivision: OSCEOLA PARK

Your costs (est.)

≈ $5,261/mo

729 SE 2nd Avenue, Delray Beach, FL 33483 · Delray Beach

Location

729 SE 2nd Avenue, Delray Beach, FL 33483

What buyers ask about this home

What are the estimated monthly carrying costs at 729 SE 2nd Avenue, Delray Beach, FL 33483?+

Property tax (after sale): $834/month est.; homeowners insurance: $146/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $980/month est. Principal and interest: $4,281/month; PMI: $0/month. Total for the payment scenario shown: $5,261/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 729 SE 2nd Avenue, 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 729 SE 2nd Avenue, 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 an inspection focus on for a home like 729 SE 2nd Avenue, Delray Beach, FL 33483?+

In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type, and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.

Is there room to negotiate on 729 SE 2nd Avenue, Delray Beach, FL 33483?+

This listing has been on the market 173 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

Delray Municipal Beach

1.2 mi · ~3 min drive

Downtown Boca Raton / Mizner Park

7.0 mi · ~13 min drive

Palm Beach Intl (PBI)

16.2 mi · ~30 min drive

Worth Avenue, Palm Beach

17.4 mi · ~33 min drive

Downtown Fort Lauderdale / Las Olas

23.1 mi · ~43 min drive

Brightline Fort Lauderdale Station

23.2 mi · ~43 min drive

Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.

The home, in a magazine

A closer look at this home and its lifestyle — dedicated to you and your family.

Open the magazine

Simon Gedz

Realtor® since 1995

Call Simon · (954) 562-1798

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$825,000 · MLS B26028217

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