Rising

Rising: permitted and not yet finished, with a live permit (the city extends it at each passed inspection) or city records in the past 90 days

Custom

Custom: owned by a person, so most likely built for the owner.

228 SE 3rd Ave

Osceola Park, Delray BeachBuilt by Rizk Development3 story

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Aerial from 2026, before work began. The pink line is the surveyed parcel boundary.

Where it stands

Last city record Oct 30, 2026

PermitJun ’26

Foundation

Vertical

Finish

Done

Estimated completionAug 2027 – Jun 2028From the permit date, with the middle half of build times for homes off the water. An estimate, not the builder’s commitment.

The numbers

From deeds, the permit and the parcel roll

Likely to sell for$2.45–3.45MOur estimate from the lot’s price and what new homes nearby sold for. Not an appraisal or the builder’s price. How we estimate it

Lot purchase: $675K Feb 2025
Lot size: 5,998 sf 0.14 acres
Declared permit value: $943K as declared; real cost runs well higher
Home size: Not yet on the tax roll
Plan: 3 story
Flood zone: X
Waterfront: No
Ownership: Private owner likely a custom home

Against the market

Delray Beach · since 2021

Build time, months from permit

0 mo30 mo60 mo

4.5 months since the permit. A typical home off the water in Delray Beach takes 19; the middle half take 13.6–23.3.

Lot price vs. new-build lots in Osceola Park

$0$578K$1.16M

This lot cost $675K. The median new-build lot in Osceola Park went for $620K (26 lots).

This home
Middle half, Delray Beach off the water
352 homes off the water in Delray Beach permitted 2021–2023, from the permit application to the certificate-of-occupancy packet.
Median

How we calculate this

Construction log

3 city records

Oct 30, 2026New-home permit issuedNew-Home Permit Issued · Issued
Sep 17, 2026Demolition permitDemolition Permit · Issued
Jun 25, 2026New-home permit filedResidential New Construction Permit · Issued

Permit BLDR-016746-2026 on Delray Beach eServices: “New 3-Story Single Family House”

Early access · not on the market

Interested in this home?

This looks like an owner’s own home, so it may never be listed. A licensed agent can still ask Rizk Development about it, and flag similar homes before they reach the market.