Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1943
Sq.Footage
5,446
Exceptional Intracoastal Development Opportunity in Palm Beach Gardens** Rare opportunity to acquire just under one acre directly on the Intracoastal Waterway with more than 90 feet of waterfront, five boat slips and Multifamily Medium Density zoning. The offering consists of two parcels, 2030 Melody Lane (.53 acres) and 11213 Ellison Wilson Road (.3965 acres), totaling approximately .93 acres. The property currently includes seven residences consisting of a main waterfront residence, two detached cottages and two duplexes, offering existing income potential while a buyer explores future plans for the property. The possibilities extend well beyond the existing improvements. Create a private Intracoastal estate or waterfront compound, reposition the existing residences, or explore the property's multifamily redevelopment potential. For developers seeking a larger footprint, the adjacent waterfront property is also currently offered for sale, creating the potential to assemble approximately 1.65 acres with roughly 190 feet of Intracoastal frontage. An additional approximately quarter acre from another nearby owner may also be available separately, creating the potential for an even larger assemblage. With direct Intracoastal frontage, existing dockage, multifamily zoning and the possibility of assembling additional neighboring land, this is a unique opportunity to create a significant waterfront project in Palm Beach Gardens. All measurements, zoning, density, development potential, uses, additional land availability and governmental approvals are subject to independent verification by the buyer.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Other
-
Pool
No
Area & Lot
-
Lot Features
City Lot
-
Property Type
Commercial Sale
-
Property Sub Type
Multi Family
Price
-
Sales Price
$11,500,000
-
Tax Amount
$73,066
-
Sq. Footage
5,446
-
Price/SqFt
$2,111
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Sewer
Septic Tank
-
Water Source
Public
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Location
County
Palm Beach
Elementary School
Middle School
High School
Listing Courtesy of Carla Ann Christenson, One Sotheby's International Re
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