Five three-story townhomes are under construction two blocks from Atlantic Avenue. Each unit sits on its own fee-simple lot, which means no HOA. Prices start at $2.8 million.
Key Takeaways
- Fifth Avenue Townhomes includes five fee-simple townhomes at 142-152 SE 5th Avenue in downtown Delray Beach.
- Each owner owns the land beneath their unit, which eliminates the need for a homeowners' association.
- Prices start at $2.8 million to $3 million, with units ranging from 2,700 to 4,200 square feet.
Fifth Avenue Townhomes is a boutique luxury development at 142-152 SE 5th Avenue in downtown Delray Beach, two blocks from Atlantic Avenue. The project includes five three-story townhomes ranging from 2,700 to 4,200 square feet, starting at $2.8 million to $3 million and above. Fifth Avenue Delray LLC (associated with Acquist Development) is the developer. Randall Stofft Architects designed the project. Decorators Unlimited handled interiors. The plat was certified by a 7-0 city vote, creating five individual fee-simple lots. Construction is currently underway.
What does fee-simple ownership mean here?
Each of the five townhomes sits on its own individual lot. The owner owns the land beneath the unit outright. This is the structural reason there is no HOA. Unlike condos, where common areas require shared governance, fee-simple townhomes give each owner full control of their property without board restrictions, ongoing HOA fees, or shared decision-making.
Buyers at this price point often cite HOA fees and board restrictions as their primary objections to condo ownership. Fee-simple removes all of those. The city certified the plat 7-0, creating five legally separate parcels.
As Larry Mastropieri noted on the Discover South Florida Podcast: "This is another example of how downtown Delray keeps absorbing small luxury infill projects. The scale is small, but the pricing is serious. Developers know these buyers are there, and they keep building for them."
What do the townhomes include?
Each unit spans three stories with 3 bedrooms plus flex space, 4.5 bathrooms, a private elevator, and a private saltwater plunge pool. The third floor includes a club room with a sunset terrace. Units range from 2,700 to 4,200 square feet.
Parking consists of detached two-story, two-car garages with flex space (studio or office) above. Rear alley access keeps the SE 5th Avenue frontage pedestrian-friendly, consistent with Central Business District requirements.
Randall Stofft Architects designed the project in a "Modern Coastal" aesthetic. Stofft is one of the most recognized architects in Delray Beach's downtown core. Decorators Unlimited offers two curated designer finish packages for buyers. Dietz-Elber Real Estate (Anne Marie Dietz) handles sales.
Looking for luxury in downtown Delray Beach? Talk to a Delray Beach real estate agent who understands the boutique townhome and condo market. Reach out to The Mastropieri Group or call (561) 287-7000.
How does this fit into downtown Delray?
SE 5th Avenue is emerging as a luxury corridor. CDS International (associated with the DeSantis estate) has an approved 26-unit luxury condo project at 109 SE 5th Avenue, approximately one block away. Same corridor, different product type, similar buyer profile.
Downtown Delray boutique luxury is defined by projects with fewer than 30 units. At five units, Fifth Avenue Townhomes sits at the most exclusive end of that spectrum. Casa Avenida recently brought eight luxury townhomes to the market. Atlantic Crossing continues to anchor the downtown core with larger mixed-use density.
Onix Delray Beach (26 units, starting at $1.549 million, under construction three blocks from Atlantic Avenue) serves the same buyer geography at a different price point. Its sales velocity will help calibrate what Fifth Avenue Townhomes can achieve at $2.8 million and above.
What is the pricing and market position?
At $2.8 million to $3 million and above for 2,700 to 4,200 square feet, Fifth Avenue Townhomes sits above most downtown Delray condos but below Palm Beach Island pricing. This fills a genuine gap in the market for buyers who want walkable downtown living without condo restrictions or Palm Beach premiums.
The zoning is Central Business District (CBD). Density is 15 units per acre, well below the maximum 30 units per acre allowed. The lower density enables more generous floor plans than code requires. Gross sellout potential for the five units is $14 million to $15 million or more.
Randall Stofft's involvement is a market signal in this submarket. His projects in Delray tend to generate strong demand from buyers who prioritize architectural quality. Sundy Village is another example of boutique development defining the downtown market.
FAQs about Fifth Avenue Townhomes in Delray Beach
How many units are in Fifth Avenue Townhomes, Delray Beach?
The project includes five three-story townhomes at 142-152 SE 5th Avenue. Each unit sits on its own fee-simple lot, which means each owner owns the land beneath their unit outright.
Why is there no HOA at Fifth Avenue Townhomes?
Because each townhome sits on an individual fee-simple lot, there are no common areas requiring shared governance. Each owner has full control of their property without board restrictions or ongoing HOA fees.
What do Fifth Avenue Townhomes cost?
Prices start at $2.8 million to $3 million and above. Units range from 2,700 to 4,200 square feet with 3 bedrooms plus flex space, 4.5 bathrooms, private elevators, and private saltwater plunge pools.
Who designed Fifth Avenue Townhomes?
Randall Stofft Architects designed the project in a "Modern Coastal" aesthetic. Decorators Unlimited handled interior design with two curated finish packages available. Acquist Development is the developer.
When will Fifth Avenue Townhomes be completed?
The project is currently under construction as of early 2026. The plat was certified by a 7-0 vote of the city council. Dietz-Elber Real Estate is handling sales.
Local help for buyers in Delray Beach
If you are buying, selling, or investing in downtown Delray Beach, Boynton Beach, or anywhere in Palm Beach County, understanding the boutique luxury market matters. Reach out to The Mastropieri Group, Realtors®.
For practical, hands-on support across the region, call (561) 287-7000.
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