1221 Laing Street, Delray Beach

Very special opportunity! Just 200 feet from Delray's pristine beach and located in the rarely available and sought-after enclave of Sandpiper Lane and Laing Street, lies a unique and ready-to-build property. Complete and City approved plans designed by renowned architect Gary Eliopolous offer a classic take on Delray Beach's French Creole architectural style. But—that is only part of the story of this incredible offering...The owner has obtained four Board of Adjustment variances and two City of Delray Beach waivers, allowing the construction to begin of a three-story, 4,900 square foot home on a 5,450 square foot lot—incredible! These entitlements run with the deed, meaning you can take advantage of a floor area ratio (FAR) of 90% in Delray's R-1AAA zone, where the maximum FAR is capped at 35%. Floor Area Ratio determines how big you can build your new house on your lot. Additional standout features of this property are its location in the "X" flood zone (once every 1,000 years) ensuring peace of mind, added security, and the avoidance of FEMA required additional flood zone fees. Please take a look at the elevation renderings including the pool and terrace included here. Keep the current design and personalize the interior to your liking or opt for a completely new design that conforms to your own vision and current zoning regulations. The lot is fully developed and permits can be pulled immediately, with gas, water (2" main), and electric is already installed. Seize this rare opportunity where the seller has done all the heavy lifting to allow you to build your own bit of heaven here on earth only a short walk to the shops and restaurants of Atlantic Avenue and the warm Atlantic Ocean. Delray Beach's real estate market is HOT. 1221 Laing, with its prime location, short walk to Atlantic Avenue's restaurants and shops, architecturally conceived elegance and charm, twenty first century amenities, unparalleled construction entitlements, and priced to sellthis property will go quickly!

Listing Courtesy of The Corcoran Group