Turnkey 1031 Replacement Asset with New Construction, Wellness Infrastructure & Luxury Rental Optionality

Somerset House represents a strategic replacement-property opportunity for 1031 exchange investors seeking a direct South Florida hard asset with appreciation potential, depreciation planning opportunities, and luxury rental optionality in one of Delray Beach’s most established coastal neighborhoods.

Located in the historic Dell Park enclave, the residence is positioned near downtown Delray Beach, Atlantic Avenue, the beach corridor, dining, shopping, cultural venues, and the broader Palm Beach County luxury lifestyle market. For investors, the appeal is grounded in scarcity: newly constructed homes with architectural integrity, wellness infrastructure, and proximity to Delray’s coastal core remain limited.

Newly crafted as part of Glenn Wright’s H.A.L.O. Wellness Collection, Somerset House blends Southern architectural character with modern building standards and long-term livability. The Coastal Georgian-inspired design creates timeless curb appeal, while the interior offers vaulted ceilings, wide-plank floors, organic textures, an elevator, infrared sauna, and wellness-focused details intended to support comfort, recovery, and long-term relevance.

Spanning approximately 4,384 square feet with 4 bedrooms and 4.5 baths, the residence is designed for flexible ownership patterns: primary use, seasonal residence, executive retreat, multi-generational living, or professionally managed luxury rental use. Its turnkey condition allows capital to be positioned into use and optional income strategy rather than deferred maintenance or renovation risk.

From an investment standpoint, Somerset House offers a multi-dimensional thesis. Appreciation potential is supported by Dell Park’s neighborhood scarcity, Delray Beach’s continued luxury demand, and the limited supply of new construction near the coastal core. Depreciation planning may be supported by the home’s newly constructed improvements, building systems, elevator, wellness features, and other qualifying components when reviewed with a qualified tax advisor. Luxury rental optionality may provide the ability to offset carrying costs while preserving long-term ownership of a scarce South Florida asset.

A further strategic advantage is proximity to its twin residence at 225 NE 9th Street. For investors evaluating multiple replacement assets, the pairing may offer operational efficiency, simplified maintenance coordination, consistent design standards, and portfolio-level rental optionality within the same neighborhood environment.

This is not simply a Delray Beach luxury home. Somerset House is a scarcity-backed capital placement opportunity designed for 1031 exchange investors seeking quality construction, tax efficiency, optional income, and long-term positioning in a high-demand South Florida coastal market.

Somerset House is available for immediate 1031 consideration as a turnkey replacement asset within Delray Beach.

Beyond Replacement Property: A Scarcity-Backed 1031 Capital Allocation Strategy

Explore Somerset House

Luxury Rental Optionality and Advisor Package provided upon request

South Florida Institutional Build Quality-Wellness-Infrastructure Portfolio

Best Regards,
Shannon Grasso
Broker Associate
One Sotheby’s International Realty
sgrasso@onesothebysrealty.com​
p: 954.684.8610