$6,250,000
For Sale
Browse 10 photos
Type:Purchase
Structure:House
Zone:Residential

Description

Rare opportunity to own a large 5.84 Acre parcel of undeveloped land in West Palm Beach, Florida located just off Forest Hill Blvd and Congress Ave. Priced at $6,250,000 (approx. $1,070,205 an Acre). The Zoning classification is Residential Multi-family (RM). The property is designated with Medium-Density Residential land use which allows up to 10 du/acres, for a maximum of 58 residential dwelling units. The property is landlocked with a deeded undeveloped access easement off Lone Pine Way that must be completed for development. I-95 is only 1 mile away, Palm Beach International Airport and vibrant Downtown West Palm Beach less than 6 miles away. Just minutes from major grocery stores, Hospitals, top-rated golf courses, and more!

  • Property Details
      • High SchoolForest Hill Community High School
      • Elementary SchoolMeadow Park Elementary School
      • Lot FeaturesTreed Lot, 5 to 10 Acres
      • Lot DescriptionTreed Lot, 5 to 10 Acres
      • Middle SchoolConniston Middle School
      • Property SubtypeSingle Family Detached
      • CountyPalm Beach
      • Original List Price$6,250,000
      • Property TypePurchase
      • Taxes Annual$18,968
      • Cost6250000
      • Lot Size (sqft)254313
      • ZoningRM(cit
      • Acres5.838
      • ViewPond
      • Subdivisionn/a

Location

Keith Kennedy | Access USA Realty LLCReal Estate Group
OR

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10.0%

Interest Rate

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6.0%

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2.6%
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