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304 SE 4th Avenue
About This Property
Situated on a premier, full double lot, this magical property offers the rare combination of space, privacy, and walkability. Lush bamboo and mature Areca palms line the fully fenced grounds, creating a serene tropical sanctuary that feels worlds away, yet you're just two blocks from the vibrant energy of Atlantic Avenue's exceptional dining, coffee shops, boutiques, fitness studios, galleries & entertainment and a quick stroll to the beautiful beach.
The main residence features a chef-designed kitchen built for cooking and entertaining, renovated in 2019 as well as the primary bathroom. A 2025 A/C and durable metal roof. Beyond the main home, a fully updated guest cottage (complete renovation in 2024 including new roof, stucco, and a full interior remodel) offers endless flexibility, ideal for guests, multigenerational living, a private office, or income potential.
At the center of the compound, a stunning pool anchors the outdoor living space, surrounded by expansive garden areas rarely found this close to downtown. Enjoy a short stroll to the Intracoastal, marina historic neighborhood, and the beach all while returning home to your own quiet, private retreat.
Whether you're seeking a charming beachside residence, an income-producing property, or envisioning redeveloping this exceptional double lot into two multimillion-dollar homes, the possibilities here are truly unmatched. With premier location, generous lot size, and flexible layout, 304 S.E. 4th Ave offers extraordinary potential in one of Delray Beach's most desirable neighborhoods.
This is more than a home it's a rare opportunity to create, invest, or simply enjoy the very best of Delray Beach living.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2026 | Sold | ||
| Sold | |||
| Aug 23, 2026 | In contract | - | |
| In contract | |||
| Jun 17, 2026 | Relisted | $2,199,999 | |
| Relisted | |||
| Jun 2, 2026 | In contract | - | |
| In contract | |||
| May 17, 2026 | Price Decreased |
$2,199,999
↓ $50K
(2.2%) | |
| Price Decreased | |||
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About Delray Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017