$1,995,000

Build your custom home on a 15,794 SF lot (approx. 112' x 141') in Delray Beach's Lake Ida neighborhood. Zoned R-1-AA in the Lake Ida Neighborhood Overlay, which allows a two-story home of up to approx. 5,500 SF of floor area (FAR 0.35) or a one-story home covering up to 40% of the lot. Comes with plans: includes preliminary concept plans and renderings for a new two-story home of approx. 5,520 SF under air and 7,429 SF total under roof, including garages and covered areas. Minutes to Atlantic Avenue and the restaurants, shops and galleries of downtown Delray. The existing 1967 home on site is sold as-is; the value is in the land. Buyer to verify zoning, setbacks and building requirements with the City of Delray Beach. Also offered as a single-family listing. Zoning summary (City of Delray Beach LDR Sec. 4.4.3(F)(2), Lake Ida Neighborhood Overlay): max lot coverage 30% for multi-story homes and 40% for one-story homes; max FAR 0.35 for a multi-story home; upper floors may not exceed 75% of the first floor; multi-story setbacks in R-1-AA are 25 ft front and 15 ft rear. Floor area counts 50% of attached garages, carports and screened porches. Flood zone X per survey. Figures from published code; buyer to verify with the City.