408 SE 2nd Street, Delray Beach, FL 33483 — MLS photo

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408 SE 2nd Street, Delray Beach, FL 33483

Active · Townhouse

$3,650,000

408 SE 2nd Street, Delray Beach, FL 33483

Beds
5
Baths
6
Living area
3,911 sq ft
$ / sq ft
$933/sq ft
Year built
2025
Lot size
—
HOA fee
—
Annual tax
$7,214

About this property

Staged, completed, and brand new—this exceptional luxury townhome is just two blocks from Atlantic Avenue in the heart of Downtown Delray Beach. Introducing a truly rare offering: the largest residence within the exclusive enclave of Osceola Villas. This remarkable home embodies the ultimate coastal lifestyle, just moments from Delray Beach's acclaimed dining, sophisticated boutiques, vibrant nightlife, and pristine shoreline. Designed for both refined everyday living and effortless entertaining, this expansive five-bedroom, five-and-a-half-bath residence spans multiple levels and is serviced by a striking glass-enclosed elevator. Elegant interiors showcase soaring ceilings, abundant natural light, and a dramatic skylight that enhances the home's bright, open ambiance. Staged, completed, and brand new, this exceptional luxury townhome is just two blocks from Atlantic Avenue in the heart of Downtown Delray Beach. Presenting a truly rare offering, this remarkable residence is the largest home within the exclusive enclave of Osceola Villas. Thoughtfully designed to capture the essence of refined coastal living, it is just moments from Delray Beach's acclaimed dining, chic boutiques, vibrant nightlife, and pristine shoreline. Designed for both elevated everyday living and effortless entertaining, this expansive five-bedroom, five-and-a-half-bathroom residence spans multiple levels and is serviced by a dramatic windowed elevator. Elegant interiors are defined by soaring ceilings, abundant natural light, and a striking skylight that enhances the home's bright, airy ambiance. At the heart of the home, the gourmet kitchen is both beautiful and functional, featuring a large island with a built-in wine refrigerator, gas cooktop, premium Miele appliances, generous cabinetry, and exceptional storage. Adjacent living and entertaining spaces flow seamlessly, while a dedicated club room with a built-in bar and an additional loft offer versatile spaces for gathering and relaxation. Indoor and outdoor living are equally impressive. On the main living level, a private south-facing heated pool with a water feature creates a serene retreat with year-round enjoyment in the center of downtown. Above, the sprawling rooftop terrace elevates entertaining with the perfect setting for sunset soirées, al fresco dining, and evenings under the stars. The primary suite is a true sanctuary, complete with dual walk-in closets, a built-in coffee bar, a tranquil sitting area, and a spa-inspired bath. Additional luxury features include side-by-side laundry, smart-home readiness, pre-wiring for electric vehicle chargers and motorized shades, and impeccable attention to detail throughout. Parking is equally exceptional, with a two-car garage with lift potential, as well as a separate golf cart garage that perfectly complements Delray's relaxed coastal lifestyle. With no HOA and immediate occupancy available, this home offers both flexibility and peace of mind. Architecturally designed by Shane Ames of Ames International Architecture, this distinctive townhome seamlessly blends sophisticated design, modern comfort, and an unbeatable downtown Delray Beach location. The information published and provided, including but not limited to prices, measurements, square footages, lot sizes, features, finishes, and calculations, is subject to errors, omissions, or changes without notice. All such information should be independently verified. All parties should conduct their own due diligence to verify all information.

Property location

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408 SE 2nd Street, Delray Beach, FL 33483

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Facts & features

Interior

Bedrooms
5
Bathrooms
6
Living area
3,911 sq ft
Flooring
Ceramic Tile, Other
Appliances
Some Gas Appliances, Dryer, Dishwasher, Electric Water Heater, Freezer, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
Cooling
Central Air, Electric, Zoned
Heating
Central, Electric, Zoned
Interior features
Wet Bar, Breakfast Bar, Built In Features, Breakfast Area, Bathtub, Dual Sinks, Entrance Foyer, Eat In Kitchen, Garden Tub Roman Tub, High Ceilings, Kitchen Island, Living Dining Room, Custom Mirrors, Sitting Area In Primary, Split Bedrooms, Shower Only, Upper Level Primary, Vaulted Ceilings, Bar, Walk In Closets, Elevator
Furnished
Unfurnished

Exterior & Structure

Property type
Townhouse
Year built
2025
Stories
3
Construction
Block
Exterior features
Balcony, Patio
Pool
Concrete, Gunite, Heated, Pool
View
Garden, Pool

Parking

Garage spaces
2
Covered spaces
2
Parking features
Attached, Circular Driveway, Garage, On Street, Two Or More Spaces

HOA, Community & Financials

Amenities
Elevators, Pool
Security
Fire Alarm, Smoke Detectors
Pets allowed
No
Annual tax
$7,214
Subdivision
Osceola Villas - Osceola P
County
Palm Beach
Days on market
184
MLS listing ID
R11170025
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$4,664

Cap rate
4.2%
Net yield
4.2%
Cash-on-cash return
-5.5%
Gross yield
5.6%
Mortgage payment
$17,303/mo
Down payment
$912,500
Loan amount
$2,737,500
Annual NOI
$151,668

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.