Skip main navigation
For sale
  • $27,500,000

    706 SE 2nd Street, Delray Beach, FL 33483

    7beds
    9,271sqft
    : 
    $199,030/mo
    Get pre-qualified
    Single Family Residence
    Built in 2010
    0.52 Acres Lot
    $25,347,400 Zestimate®
    $2,966/sqft
    $-- HOA

    What's special

    Waterfront estateUpdated elevatorFireplace adds warmthCustom solid-wood doorsFully turfed groundsImpeccably groomed groundsFull-home water filtration system
    Introducing "Villa Montecito," an extraordinary waterfront estate in the heart of Delray Beach's coveted Marina Historic District, a newly reimagined architectural masterpiece that embodies the pinnacle of modern coastal luxury. Ideally positioned on 120 feet of direct Intracoastal frontage within an uncommon and highly desirable no-wake zone, this gated compound offers unrivaled privacy and tranquility just two blocks from Atlantic Avenue and less than one half mile from the beach. Completed in June 2026 after an extensive four-year redesign and renovation, Villa Montecito has been transformed into a world class estate of uncompromising quality and sophistication. Originally constructed in 2010, the residence was meticulously expanded and curated by the acclaimed Warwick Design Group of Los Angeles, renowned for crafting bespoke interiors for celebrities, business leaders, and distinguished clientele. Envisioned in the California Transitional idiom with Spanish influences, the residence underwent a sweeping reconfiguration of its footprint, yielding a graceful flow and a layout attuned to family living. Its bedrooms were reimagined and expanded, with particular devotion to the ensuite baths and closets. Beneath the polished finishes, the entire home has been re-engineered, with new electrical, plumbing, and climate-control systems throughout. Exceptional materials from California, Europe, and Japan have been thoughtfully gathered throughout the residence, lending it a rare distinction in craftsmanship and refinement. Honed Italian marble and natural quartzite grace the interiors, and no engineered surface appears anywhere within. In the primary baths, the showers are clad in majestic slabs of Calacatta Caldia and Statuary marble, while the guest baths are appointed with Carrara honed marble tile and countertops, complemented by freestanding vanities. Discreetly set behind a motorized solid-iron gate and approached by a roughly 200-foot brick paved driveway, the property spans approximately 22,682 square feet across more than half an acre of impeccably groomed grounds. A grandfathered 10-foot wall, no longer permissible under current code, encircles the site, creating a seclusion seldom found in East Delray Beach. As the gates close behind you and the palms sway gently along the waterfront, the compound feels less like a residence and more like a retreat hidden within one of South Florida's most vibrant destinations. Comprising 12,778 total square feet, 9,271 of them under air, the residence offers seven bedrooms, nine full bathrooms, and two half baths, all shaped by Montecito-inspired architecture and contemporary flair. Soaring ceiling heights ranging from approximately 9 to 13 feet create a remarkable sense of openness and natural light throughout the home, while custom solid-wood doors and bespoke built-in cabinetry showcase an extraordinary level of craftsmanship. The cabinetry and closets are distinguished by Blum European concealed hardware, dovetail construction, soft-close action, and vertical-grain European oak in tailored finishes. A rebuilt stairwell, crowned by an iron railing designed expressly for the residence, welcomes natural light, while a fireplace adds warmth. Imported white oak flooring from Spain, in eight-inch planks, stretches from threshold to threshold, complemented by Waterworks plumbing fixtures, cabinet hardware, and accessories that lend quiet distinction to the kitchen and baths. The chef's kitchen was conceived for lavish entertaining and seamless daily living, equipped with Wolf and Sub-Zero appliances, among them a professional-grade six-burner range with double ovens, griddle, and grill, along with matching Miele dishwashers and dual full-height wine refrigerators. A butler's pantry and two beverage stations complete the culinary suite with quiet sophistication. Whether hosting intimate dinners or large celebrations, the space blends functionality with graceful form at every turn. A series of expansive formal and informal living spaces create an atmosphere equally suited for sophisticated entertaining and relaxed waterfront living. The residence includes a dramatic formal living room, elegant dining room, full lounge and club room with bar, private movie theater/media room, and a spectacular temperature-controlled wine room with capacity for more than 3,000 bottles, an extraordinary showcase for collectors and connoisseurs alike. Walls of glass and expansive French doors blur the distinction between indoors and outdoors, allowing soft sea breezes and glittering vistas to become part of the everyday. The oversized loggia overlooks the Intracoastal Waterway, a resort-style pool and spa, and expertly cultivated landscaping, creating an idyllic setting for sunrise coffee, sunset cocktails, and evenings illuminated by the reflection of yachts passing quietly along the channel. Outdoor amenities include a fire pit, a cabana, and an Alfresco BBQ area with its own refrigeration, all set among entirely renewed plantings. Designed for the boating enthusiast, the private waterfront accommodates multiple vessels, with berths for a pair of boats aided by a 24,000-pound lift, in addition to a dedicated platform for three jet skis. The sheltered position ensures calm waters and convenient access to the ocean and South Florida's premier waterways. No detail was overlooked in the extensive modernization. Additional features include a fully integrated Crestron smart-home automation system, full-home water filtration system, updated elevator, five garage bays including a vehicle lift, fully turfed grounds, and meticulously designed landscape lighting and irrigation systems. Even the resort-style pool and spa are finished in exquisite, imported cobalt-blue Fujiwa tiles from Japan, adding another layer of bespoke international design to the estate's exceptional aesthetic. Villa Montecito represents a rare opportunity to acquire one of Delray Beach's most significant waterfront properties, a private sanctuary where world-class design, modern technology, timeless coastal elegance, and the effortless romance of waterfront living converge just moments from the celebrated dining, boutiques, galleries, and nightlife of Atlantic Avenue. All furnishings are curated and designed by Max Home Designs, with the complete designer furniture package available for purchase.
    11 days
    1,053
    88

    Zillow last checked:

    Listing updated:

    Listed by:

    Senada Adzem PA 917-913-6680,

    Douglas Elliman,

    Vincent Monteleone 917-697-5096,

    Douglas Elliman

    Source: BeachesMLS,MLS#: B26085778MLS LogoOriginating MLS: BeachesMLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 11
      • Full bathrooms: 9
      • 1/2 bathrooms: 2
      • Main level bathrooms: 4
      • Main level bedrooms: 1
      Primary bedroom
      • Level: Second
      • Area: 380
      • Dimensions: 20 X 19
      Kitchen
      • Level: Main
      • Area: 224
      • Dimensions: 16 X 14
      Living room
      • Level: Main
      • Area: 280
      • Dimensions: 14 X 20
      Heating
      • Central, Electric
      Cooling
      • Central Air, Ceiling Fan(s), Electric, Zoned
      Appliances
      • Included: Cooktop, Dryer, Dishwasher, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Dryer, Free-Standing Freezer, Freezer, Gas Cooktop, Disposal, Ice Maker, Microwave, Oven, Refrigerator, Tankless Water Heater, Water Heater, Wine Refrigerator, Washer
      • Laundry: Lower Level, Laundry Room, Laundry Tub, Multiple Locations, Sink, Upper Level
      Features
      • Wet Bar, Built-in Features, Bathtub, Closet Cabinetry, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Elevator, Family/Dining Room, High Ceilings, Kitchen Island, Multiple En Suite Bathrooms, Split Bedrooms, Soaking Tub, Separate Shower, Upper Level Primary, Bar, Walk-In Closet(s)
      • Flooring: Tile, Wood
      • Doors: French Doors
      • Windows: Storm Window(s)
      • Has fireplace: Yes
      • Fireplace features: Wood Burning
      Interior area
      • Total structure area: 12,778
      • Total interior livable area: 9,271 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 12
      • Parking features: Attached, Boat, Driveway, Garage, Garage Door Opener, Paver Block
      • Attached garage spaces: 6
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Open, Patio, Balcony
      • Exterior features: Built-in Barbecue, Balcony, Barbecue, Garden, Lighting, Outdoor Kitchen, Outdoor Living Area
      • Has private pool: Yes
      • Pool features: Heated, In Ground, Pool/Spa Combo, Outside Bath Access
      • Has spa: Yes
      • Spa features: Heated, In Ground
      • Fencing: Fenced,Front Yard,Privacy,Security,See Remarks,Wood
      • Has view: Yes
      • View description: Intercoastal, Water
      • Has water view: Yes
      • Water view: Intercoastal,Water
      • Waterfront features: Intracoastal Access, Navigable Water, No Fixed Bridges, Ocean Access, Seawall
      • Frontage type: Waterfront
      • Frontage length: 120.00,120.00
      Lot
      • Size: 0.52 Acres
      • Features: Landscaped, Oversized Lot, Many Trees
      Details
      • Parcel number: 12434616120000051
      • Zoning: R-1-AA (city)
      • Special conditions: Standard
      • Other equipment: Generator, Home Theater

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Spanish/Mediterranean
      • Property subtype: Single Family Residence
      Materials
      • CBSConcreteBlockStructure, Block, Concrete, Stucco
      • Roof: Barrel
      Condition
      • Resale,Updated/Remodeled
      • New construction: No
      • Year built: 2010

      Utilities & green energy

      • Electric: 3 Phase
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
      Green energy
      • Energy efficient items: Appliances

      Community & HOA

      Community
      • Security: Security System
      • Subdivision: MOORINGS DELRAY BEACH
      HOA
      • Has HOA: No
      Location
      • Region: Delray Beach

      Financial & listing details

      • Price per square foot: $2,966/sqft
      • Tax assessed value: $10,084,715
      • Annual tax amount: $186,044
      • Date on market: 10/8/2026
      • Cumulative days on market: 11 days
      • Listing terms: Cash,Conventional
      • Electric utility on property: Yes

        Estimated market value

        $25,347,400

        $23.83M - $26.61M

        Not available

        Price history

        DateEventPrice
        10/8/2026Listed for sale$27,500,000+295.7%$2,966/sqft
        Source: BeachesMLS #B26085778 Report a problem
        8/7/2020Sold$6,950,000-7.3%$750/sqft
        Source: Public Record Report a problem
        12/2/2019Listed for sale$7,500,000-3.8%$809/sqft
        Source: Douglas Elliman #RX-10459590 Report a problem
        5/29/2019Price change$7,795,000-2.5%$841/sqft
        Source: Douglas Elliman #RX-10459590 Report a problem
        4/15/2019Price change$7,995,000-5.9%$862/sqft
        Source: Douglas Elliman #RX-10459590 Report a problem
        2/25/2019Price change$8,495,000-2.9%$916/sqft
        Source: Douglas Elliman #RX-10459590 Report a problem
        2/2/2019Price change$8,750,000-2.7%$944/sqft
        Source: Douglas Elliman #RX-10459590 Report a problem
        1/9/2019Price change$8,995,000-3.8%$970/sqft
        Source: Douglas Elliman #RX-10459590 Report a problem
        11/4/2018Price change$9,350,000-5.1%$1,009/sqft
        Source: Douglas Elliman #RX-10459590 Report a problem
        8/28/2018Listed for sale$9,850,000+65.5%$1,062/sqft
        Source: Douglas Elliman #RX-10459590 Report a problem
        2/23/2015Sold$5,950,000-13.7%$642/sqft
        Source: BeachesMLS #R10045466 Report a problem
        1/27/2015Pending sale$6,895,000$744/sqft
        Source: Douglas Elliman Report a problem
        1/27/2015Listed for sale$6,895,000$744/sqft
        Source: Douglas Elliman Report a problem
        12/3/2014Listing removed$6,895,000$744/sqft
        Source: Douglas Elliman Report a problem
        11/14/2014Listed for sale$6,895,000-6.8%$744/sqft
        Source: Douglas Elliman Report a problem
        4/29/2014Listed for sale$7,395,000+47.9%$798/sqft
        Source: Fite Shavell & Associates #RX-10033209 Report a problem
        10/9/2012Sold$5,000,000-28.1%$539/sqft
        Source: Public Record Report a problem
        1/24/2012Listing removed$6,950,000$750/sqft
        Source: Marquis Estate Properties #R2984775 Report a problem
        7/7/2011Price change$6,950,000+13%$750/sqft
        Source: Prestige International Estates #R2984775 Report a problem
        7/3/2011Price change$6,150,000-11.5%$663/sqft
        Source: Lehmann Realty #R3206720 Report a problem
        6/19/2011Price change$6,950,000+11.2%$750/sqft
        Source: Prestige International Estates #R2984775 Report a problem
        5/18/2011Price change$6,250,000-10.1%$674/sqft
        Source: Pascal Liguori #146861419 Report a problem
        4/12/2011Listed for sale$6,950,000-6.7%$750/sqft
        Source: Nestler Poletto Sothebys International Realty #R2984775 Report a problem
        3/12/2010Listing removed$7,450,000$804/sqft
        Source: RE/MAX Consultants Realty #R2823085 Report a problem
        12/23/2009Listed for sale$7,450,000$804/sqft
        Source: RE/MAX Consultants Realty #R2823085 Report a problem
        4/17/2009Listing removed$7,450,000+166.1%$804/sqft
        Source: Number1Expert #R2823085 Report a problem
        8/22/2006Sold$2,800,000+64.7%$302/sqft
        Source: Public Record Report a problem
        5/25/2005Sold$1,700,000+54.5%$183/sqft
        Source: Public Record Report a problem
        8/14/2000Sold$1,100,000+269.7%$119/sqft
        Source: Public Record Report a problem
        8/30/1999Sold$297,500$32/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$186,044 +4.4%$10,084,715 +2.9%
        2024$178,123 -0.8%$9,800,500 +3%
        2023$179,555 -2.6%$9,515,049 +0.1%
        2022$184,439 +52.1%$9,502,699 +58.4%
        2021$121,225 -5.4%$5,998,538 -4.6%
        2020$128,130 -7.9%$6,285,464 -6.1%
        2019$139,118 $6,696,027 +10%
        2018$139,118 +13.3%$6,087,297 +14.1%
        2017$122,800 +11.8%$5,336,357 +8.4%
        2016$109,861 +5.3%$4,922,440 +11.7%
        2015$104,295 +16.9%$4,407,560 +10%
        2014$89,208 +1.3%$4,006,873 +1.8%
        2013$88,046 -4.3%$3,936,574 -1.9%
        2012$92,049 -2.9%$4,011,515 -1.2%
        2011$94,787 +110.2%$4,062,051 +111.9%
        2010$45,100 -7%$1,916,811 -10%
        2009$48,519 +12.4%$2,129,031 +0.6%
        2008$43,181 -0.6%$2,115,369 -2.3%
        2007$43,446 +4.9%$2,164,061 +15%
        2006$41,416 $1,881,792 +25.2%
        2005-- $1,502,915 +2.9%
        2004$21,709 +13640%$1,459,895 +22.8%
        2003$158 -99.3%$1,188,619 +20.2%
        2002$23,960 +4%$988,619 +5.2%
        2001$23,032 +201.1%$939,753 +179.5%
        2000$7,649 +6.6%$336,206 -11.5%
        1999$7,173 $379,824
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 33483

        Getting around

        83 / 100
        Very Walkable
        57 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Pine Grove
        • Middle: Carver Community
        • High: Atlantic

        Source: BeachesMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts