Filed

Filed: permit applied for; the city hasn’t issued it yet

Likely spec

Likely spec: the owner on the permit shares the builder’s business address. Not confirmed by the builder.

721 SE 4th Ave

Osceola Park, Delray BeachBuilt by Edgewater GC~4,794 sf under air

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

Where it stands

Last city record May 11, 2026

Permit

Foundation

Vertical

Finish

Done

Estimated completionDec 2027 – Oct 2028Counted from today, since the permit isn’t issued yet, 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$2.85–3.95MOur 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: $800K May 2026
Lot size: 6,691 sf 0.15 acres
Declared permit value: $940K as declared; real cost runs well higher
Home size: ~4,794 sf under air from the permit’s plans
Plan: Not in the permit
Flood zone: X
Waterfront: No
Ownership: Company-owned lot likely spec: the owner on the permit shares the builder’s business address

Against the market

Delray Beach · since 2021

Build time, months from permit

0 mo30 mo60 mo

6 months since the permit application. 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 $800K. 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

1 city record

May 11, 2026New-home permit filedResidential New Construction Permit · In review

Permit BLDR-014734-2026 on Delray Beach eServices: “New Single Family Residence …”

Early access · not on the market

Get in before it lists

This one looks built to sell, and most spec homes don’t reach the MLS until they’re nearly done: it should finish Dec ’27–Oct ’28. Ask now and a licensed agent will go to Edgewater GC for the plans, the price and the timing, before it’s listed.