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$5,150,000
Est. payment /mo
0.5 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Palm Beach Shores
MLS Listing ID A12079363
HOA Y/N No
Annual Tax Amount $85,406
Tax Year 2025
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Residential
Property Description
LAND DEVELOPMENT OPPORTUNITY - Huge upside through the New Development up to 10 VILLAS or T-Homes Development Options Based on Permitted Lot Coverage Site total square footage: 21,426 SF. Dwelling unit density. 10 units. “ Dwelling unit density is “twenty-one (21) units per acre.” Options 1. Six Luxurious exclusive 3,200 SF. townhouses, each featuring a private pool, basement parking, and dedicated storage, plus roof top with summer kitchen. 2. Eight luxury each 2,400 SF. condominiums in an elegant two-story building, featuring secure basement parking, private gardens or rooftop terraces, and a community pool. 3. Ten luxury each 1,900 +/- SF. condominiums in an elegant two-story building, featuring secure basement parking, private gardens or rooftop terraces, and a community pool. steps away from the beach and waterways & filling up highest and best use. Current zoning allows for multifamily use. Building is class C and B (Zoned for Multifamily) Rare opportunity for a reputable developer, fund, assets managing group to purchase an free and clear asset in Palm Beach Shores, new developments rising all over the Palm Beach shores. (attachments: some photos are renderings)
Location
State FL
County Palm Beach
Community Palm Beach Shores
Area 5240
Zoning Multi-Family Resid
Exterior
Street Surface Paved
Private Pool Yes
Building
Lot Description Oversized Lot
Faces North
Others
Tax ID 54434227040000030
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12079363
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Listed by Trust Invest Real Estate Corp
Nearby Locations
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