by Global Lifestyle Properties

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Delray Beach 33483
706 SE 2nd Street
$27,500,000
● House - For Sale

706 SE 2nd Street

Delray Beach, FL 33483
bedrooms
7 Beds
bathrooms
8 Baths, 2 Half Baths
square feet
9,271 Ft²
$150,534
Est. Monthly
-0.47%
Cap Rate

About This Property

Introducing "Villa Montecito," an extraordinary waterfront estate in the heart of Delray Beach's coveted Marina Historic District, a newly reimagined architectural masterpiece that embodies the pinnacle of modern coastal luxury. Ideally positioned on 120 feet of direct Intracoastal frontage within an uncommon and highly desirable no-wake zone, this gated compound offers unrivaled privacy and tranquility just two blocks from Atlantic Avenue and less than one half mile from the beach. Completed in June 2026 after an extensive four-year redesign and renovation, Villa Montecito has been transformed into a world class estate of uncompromising quality and sophistication. Originally constructed in 2010, the residence was meticulously expanded and curated by the acclaimed Warwick Design Group of Los Angeles, renowned for crafting bespoke interiors for celebrities, business leaders, and distinguished clientele. Envisioned in the California Transitional idiom with Spanish influences, the residence underwent a sweeping reconfiguration of its footprint, yielding a graceful flow and a layout attuned to family living. Its bedrooms were reimagined and expanded, with particular devotion to the ensuite baths and closets. Beneath the polished finishes, the entire home has been re-engineered, with new electrical, plumbing, and climate-control systems throughout.  Exceptional materials from California, Europe, and Japan have been thoughtfully gathered throughout the residence, lending it a rare distinction in craftsmanship and refinement. Honed Italian marble and natural quartzite grace the interiors, and no engineered surface appears anywhere within. In the primary baths, the showers are clad in majestic slabs of Calacatta Caldia and Statuary marble, while the guest baths are appointed with Carrara honed marble tile and countertops, complemented by freestanding vanities.  Discreetly set behind a motorized solid-iron gate and approached by a roughly 200-foot brick paved driveway, the property spans approximately 22,682 square feet across more than half an acre of impeccably groomed grounds. A grandfathered 10-foot wall, no longer permissible under current code, encircles the site, creating a seclusion seldom found in East Delray Beach. As the gates close behind you and the palms sway gently along the waterfront, the compound feels less like a residence and more like a retreat hidden within one of South Florida's most vibrant destinations.  Comprising 12,778 total square feet, 9,271 of them under air, the residence offers seven bedrooms, eight full bathrooms, and two half baths, all shaped by Montecito-inspired architecture and contemporary flair. Soaring ceiling heights ranging from approximately 9 to 13 feet create a remarkable sense of openness and natural light throughout the home, while custom solid-wood doors and bespoke built-in cabinetry showcase an extraordinary level of craftsmanship. The cabinetry and closets are distinguished by Blum European concealed hardware, dovetail construction, soft-close action, and vertical-grain European oak in tailored finishes. A rebuilt stairwell, crowned by an iron railing designed expressly for the residence, welcomes natural light, while a fireplace adds warmth. Imported white oak flooring from Spain, in eight-inch planks, stretches from threshold to threshold, complemented by Waterworks plumbing fixtures, cabinet hardware, and accessories that lend quiet distinction to the kitchen and baths.  The chef's kitchen was conceived for lavish entertaining and seamless daily living, equipped with Wolf and Sub-Zero appliances, among them a professional-grade six-burner range with double ovens, griddle, and grill, along with matching Miele dishwashers and dual full-height wine refrigerators. A butler's pantry and two beverage stations complete the culinary suite with quiet sophistication. Whether hosting intimate dinners or large celebrations, the space blends functionality with graceful form at every turn.  A series of expansive formal and informal living spaces create an atmosphere equally suited for sophisticated entertaining and relaxed waterfront living. The residence includes a dramatic formal living room, elegant dining room, full lounge and club room with bar, private movie theater/media room, and a spectacular temperature-controlled wine room with capacity for more than 3,000 bottles, an extraordinary showcase for collectors and connoisseurs alike.   Walls of glass and expansive French doors blur the distinction between indoors and outdoors, allowing soft sea breezes and glittering vistas to become part of the everyday. The oversized loggia overlooks the Intracoastal Waterway, a resort-style pool and spa, and expertly cultivated landscaping, creating an idyllic setting for sunrise coffee, sunset cocktails, and evenings illuminated by the reflection of yachts passing quietly along the channel. Outdoor amenities include a fire pit, a cabana, and an Alfresco BBQ area with its own refrigeration, all set among entirely renewed plantings.  Designed for the boating enthusiast, the private waterfront accommodates multiple vessels, with berths for a pair of boats aided by a 24,000-pound lift, in addition to a dedicated platform for three jet skis. The sheltered position ensures calm waters and convenient access to the ocean and South Florida's premier waterways.  No detail was overlooked in the extensive modernization. Additional features include a fully integrated Crestron smart-home automation system, full-home water filtration system, updated elevator, five garage bays including a vehicle lift, fully turfed grounds, and meticulously designed landscape lighting and irrigation systems. Even the resort-style pool and spa are finished in exquisite, imported cobalt-blue Fujiwa tiles from Japan, adding another layer of bespoke international design to the estate's exceptional aesthetic.  Villa Montecito represents a rare opportunity to acquire one of Delray Beach's most significant waterfront properties, a private sanctuary where world-class design, modern technology, timeless coastal elegance, and the effortless romance of waterfront living converge just moments from the celebrated dining, boutiques, galleries, and nightlife of Atlantic Avenue. All furnishings are curated and designed by Max Home Designs, with the complete designer furniture package available for purchase.
Unit Size
9,271 Ft²
Days on Market
37 days
Land Size
0.52 acres
Price per sqft
$2,966
Property Type
House
Property Taxes
$15,504
HOA Dues
-
Year Built
2010

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Last updated: 23 days ago (Beaches MLS #B26085778)

Price History

Date / Event Date Event Price
Oct 8, 2026 Listed by Douglas Elliman $27,500,000
Listed by Douglas Elliman
Aug 7, 2020 Sold
Sold
May 13, 2020 No longer available -
No longer available
Dec 4, 2019 Price Decreased $7,500,000
↓ $295K (3.8%)
Price Decreased
May 31, 2019 Price Decreased $7,795,000
↓ $200K (2.5%)
Price Decreased
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Property Highlights

Garage
Elevator
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Boat, Driveway, Garage, Garage Door Opener, Paver Block
Garage Spaces: 6
Interior Details
Half Bathrooms: 2
Full Bathrooms: 8
Interior Features: Wet Bar, Built-in Features, Entrance Foyer, Eat-in Kitchen, Elevator, High Ceilings, Kitchen Island, Soaking Tub, Bar, Walk-In Closet(s), Bathtub, ClosetCabinetry, DiningArea, SeparateFormalDiningRoom, FamilyDiningRoom, MultipleEnSuiteBathrooms, SplitBedrooms, SeparateShower, UpperLevelPrimary
Appliances: Cooktop, Dryer, Dishwasher, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Dryer, Free-Standing Freezer, Freezer, Gas Cooktop, Disposal, Ice Maker, Microwave, Oven, Refrigerator, Tankless Water Heater, Water Heater, Wine Refrigerator, Washer
Flooring Type: Tile, Wood
Door Features: French Doors
Laundry Features: Lower Level, Laundry Room, Multiple Locations, Sink, Upper Level, LaundryTub
Rooms: 3
Has Fireplace
Fireplace Features: Wood Burning
Exterior Details
Square Footage: 9271
Square Footage Source: $0
Security Features: Security System
Property Condition: Updated/Remodeled, Resale
Architectural Style: Spanish
Year Built: 2010
Waterfront Features: Navigable Water, Ocean Access, Seawall, IntracoastalAccess, NoFixedBridges
Building Area Total: 12778
Levels: Two
Window Features: Storm Window(s)
Construction Materials: Block, Concrete, Stucco, CBSConcreteBlockStructure
Patio and Porch Features: Covered, Patio, Open, Balcony
Pool Features: Heated, In Ground, Pool/Spa Combo, OutsideBathAccess
Pool is Private
Lot Features: Landscaped, Many Trees, OversizedLot
Lot Size Area: 22651.2
Lot Size Units: Square Feet
Lot Size Acres: 0.52
Lot Size Square Feet: 22651.2
Water Source: Public
Financial Details
Tax Assessed Value: $10,084,715
Tax Annual Amount: $186,044
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s), Electric, Zoned
Heating Type: Central, Electric
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2014
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 6
  • Roof Cover Type: 18
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 7
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 1,698
  • Parking Space Count: 4
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 22,682
  • Lot Size Depth Feet: 1,730
  • Lot Size Frontage Feet: 1,104
  • Total Building Area: 12,778
  • Gross Building Area: 12,778
  • Building Area: 9,271
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 9,271
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MOORINGS DELRAY BEACH
  • Land Acres: 0000000521
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: THE MOORINGS~ DELRAY BCH LT E /LESS E 148.30 FT OF N 145.6 FT/

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 006402

Zoning

  • Zoning: R-1-AA

Geography

  • Assessors Map Reference: 344
  • Parcel: 12-43-46-16-12-000-0051
  • Lot: E
  • Meridian: SEC 16 TWN 46S RNG 43E
  • Municipality: DELRAY BEACH
  • Latitude: 26.4575
  • Longitude: -80.0652

    Address

  • Full Address: 706 Se 2nd St
  • Address - House Number: 706
  • Street Direction: SE
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: FL
  • City Name: Delray Beach
  • Carrier Code: C006
  • 4-Digit Zip Code: 5312
  • Zip Code: 33483

Valuation

    Tax

  • Total Area: 10,000
  • Tax Year: 2023
  • Tax Amount: $17,955,576
  • Tax Rate Code Area: 12984

    Market Valuation

  • Market Total Value: $9,515,049
  • Market Land Value: $5,536,960
  • Market Improvement Value: $3,978,089

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $9,515,049

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 31, 2020
  • Current Sale Recording Date: Aug 07, 2020
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20200282202
  • Previous Sale Recording Date: Mar 09, 2015
  • Previous Sale Contract Date: Feb 23, 2015
  • Previous Sale Amount: $5,950,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Delray Beach


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Frequently Asked Questions

When was property at 706 Southeast 2nd Street built and last sold?
The property at 706 Southeast 2nd Street was built in 2010 and last sold on Jul 31, 2020 for $6,950,000.
How much is this home worth?
The estimated value of the home located at 706 Southeast 2nd Street is $27,183,272.
What are some comparable homes to 706 Southeast 2nd Street?
There are currently no comparable homes to 706 Southeast 2nd Street.