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$1,295,000
Delray Beach, FL 33444
Old School Square Historic Arts District
Explore the area: Delray Beach homes for sale · Palm Beach County real estate
$6,806 /mo
Principal and interest only, based on $259,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateRare opportunity in the best location in downtown Delray Beach. Charm and potential abound at this Banker's Row cottage, originally built in the late 1930's. Own a sought after piece of historically-contributing Delray Beach History on coveted NE 1st Avenue, which consists of just 3 blocks North of Old School Square and South of Lake Ida, a block East of Swinton. The Banker's Row cottages were the first FHA-insured projects in S. Florida. In 1939, 211 NE 1st Avenue was first sold to C.F. Etheridge, the manager of the Lovett's Grocery store in Delray Beach. The existing cottage is sited towards the front of the 7,300+ sqft lot. An abundance of mature trees offer natural beauty. This positioning on the lot provides a large rear garden that is free of structures, so the next owner can freely expand the homes footprint if they choose. A number of renovation options are available, although knocking the home down is not one of them. A similar front facade must be restored and maintained - Delray Beach Historic Preservation Design Guidelines must be followed. The home features an electronic front gate with a driveway off of Northeast 1st, which is rare and valuable. Own a piece of history - this home was designed by Harold Steward, associate partner of Miami-based architect Phineas Paist. Steward was also the chief architect for the South District of the Federal Housing Authority (FHA). This is an exciting opportunity for the buyer that wants to breathe new life into a historic property and live in the heart of downtown. Walk to it all while living on one of Delray's best downtown streets.
Virtual TourAbout the Area
Delray Beach homes for sale run from $225K downtown condos to $10,000,000+ oceanfront estates. Atlantic Avenue condos start at $225K; oceanfront estates on the barrier island start at $2,500,000. Tropic Isle and Rainberry Bay sit in the $400K to $700K range. Valencia Cove and Saturnia Isles, west of Lyons Road, make up about 35% of resale volume. Atlantic Avenue itself is three blocks from the beach. The city has won the All-America City award three times. Delray Beach covers 16 square miles, with Boynton Beach to the north and Boca Raton directly south.
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Listing courtesy of Compass Florida LLC
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity Realty. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 1, 2026.
$1,295,000
Contact us to schedule a showing or ask a question.
Listed by Geoffrey James Braboy, Compass Florida LLC
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