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700 DELAWARE AVENUE
About This Property
BLANK CANVAS offering DIRECT GULF ACCESS in highly sought-after Palm Harbor. Spanning TWO SEPARATE PARCELS, this unique acreage
presents an incredibly rare DEVELOPMENT OPPORTUNITY. The expansive lot size can comfortably accommodate TWO MAGNIFICENT LUXURY
ESTATES or potentially be subdivided into a THREE-LOT WATERFRONT ENCLAVE (subject to county approval). Bring your builder and your
grandest architectural dreams-the property features an existing residence prime for a TEAR-DOWN, creating a completely clean slate for custom
luxury construction. To make the process seamless, a recent survey, title search are already on file and the property is currently being cleared and existing home demolished. Boaters and water enthusiasts will appreciate the FUNCTIONAL, STORM-RESILIENT DOCK, meticulously upgraded with brand-new
hurricane-grade wood on original, intact pilings. Cruise, sail, or jet ski out to the open waters of the Gulf of Mexico right from your private
shoreline. Whether you are a DEVELOPER looking to maximize a multi-site waterfront project or an INDIVIDUAL looking to build a massive,
private family compound, this 1-acre+ property delivers UNMATCHED POTENTIAL. Secure one of the last true waterfront acreage opportunities in
the area and create your legacy lifestyle today!
Land, Site, and Tax Information
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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.
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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 12, 2026 | In contract | - | |
| In contract | |||
| Aug 11, 2026 | Listed by KELLER WILLIAMS REALTY- PALM HARBOR | $1,700,000 | |
| Listed by KELLER WILLIAMS REALTY- PALM HARBOR | |||
| |||
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RARE UNINCORPORATED OZONA WATERFRONT GEM WITH ENDLESS POSSIBILITIES! Welcome to 700 Delaware Ave, an exceptional 1.08-ACRE
BLANK CANVAS offering DIRECT GULF ACCESS in highly sought-after Palm Harbor. Spanning TWO SEPARATE PARCELS, this unique acreage
presents an incredibly rare DEVELOPMENT OPPORTUNITY. The expansive lot size can comfortably accommodate TWO MAGNIFICENT LUXURY
ESTATES or potentially be subdivided into a THREE-LOT WATERFRONT ENCLAVE (subject to county approval). Bring your builder and your
grandest architectural dreams—the property features an existing residence prime for a TEAR-DOWN, creating a completely clean slate for custom
luxury construction. To make the process seamless, a recent survey, title search are already on file and the property is currently being cleared and existing home demolished. Boaters and water enthusiasts will appreciate the FUNCTIONAL, STORM-RESILIENT DOCK, meticulously upgraded with brand-new
hurricane-grade wood on original, intact pilings. Cruise, sail, or jet ski out to the open waters of the Gulf of Mexico right from your private
shoreline. Whether you are a DEVELOPER looking to maximize a multi-site waterfront project or an INDIVIDUAL looking to build a massive,
private family compound, this 1-acre+ property delivers UNMATCHED POTENTIAL. Secure one of the last true waterfront acreage opportunities in
the area and create your legacy lifestyle today!
Land, Site, and Tax Information
| |||
| Jul 1, 2026 | Listed by KELLER WILLIAMS REALTY- PALM HARBOR | $1,500,000 | |
| Listed by KELLER WILLIAMS REALTY- PALM HARBOR | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017