$6,895,000
Boynton Beach, FL 33435
MLS# RX-10342284
Status: Closed
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Property Description
This is the perfect opportunity for a multi-unit beach and oceanfront residential development. The land is zoned HR-8 allowing for up to 8 dwelling units per acre and includes 171' of ocean frontage. The 1.98 acres is comprised of two lots separated by a short stretch of Old Ocean Boulevard, one of the most prestigious old roads in south Florida. There are few remaining lots with this appeal and it represents a rare development opportunity to acquire a residential ocean front site in such a highly desirable ocean access location. According to the Palm Beach County Department of Planning, Zoning & Building, development of up to 18 units is permissible, with potential for an additional 18 by utilizing the bonus density option.
Details
Contract Information
Listing Date: 2017-06-13
Status: Closed
Original List Price: 6895000
Auction: No
Sold Price: $5,400,000
Current Price: $5,400,000
List Price/Acre: 3482323.23
General Property Description
Type: Single Family Detached
Price/Acre: 3473552
Price/SqFt: 80
Lot Dimensions: 506 x 171
Lot SqFt: 86467
Acres: 1.98
Waterfront: Yes
Waterfrontage: 171
Subdivision: 34-45-43, N 166.84 FT OF GOV LT 2 (LESS W 519.46 FT, OCEAN BLVD, N 80 FT OF E 111.99 FT LYG W OF OCE
Front Exp: East
Homeowners Assoc: None
Directions: Woolbright to Old Ocean take a right, go until the end of Old Ocean
Location Tax Legal
Area: 4120
County: Palm Beach
Parcel ID: 00434534000020110
Street #: 30
Street Name: Briny Breezes
Street Suffix: Boulevard
Zip Code: 33435
Legal Desc: 34-45-43, N 166.84 FT OF GOV LT 2 (LESS W 519.46 FT, OCEAN BLVD, N 80 FT OF E 111.99 FT LYG W OF OCEAN BLVD & N 40 FT
Geo Lat: 26.507166
Geo Lon: -80.051625
Status Change Info
Under Contract Date: 2018-01-03
Sold Date: 2018-06-06
Sold Price: $5,400,000
Terms of Sale: Cash
Sold Price/Acre: 2727272.72
Property Features
Land Use: Multi-Family Med Den; Single Family; Other
Location: Beach Area
Lot Description: 1 to < 2 Acres; East of US-1
Develop Status: Undeveloped
Improvements: None
Utilities Avail: None
Utilities On Site: None
Waterfront Details: Ocean Access; Oceanfront
View: Ocean
Ground Cover: Grassed
Roads: Public; Other
Avail Docs: Aerial; Deed Restriction; Survey
Trees: None
Usage: Other Usage
Special Info: Comforms to Zoning; Deed Restrictions
Subdiv Info: Bike - Jog
Terms Considered: Cash; Conventional
Contingencies: None
Supplements
Selling features for marketing homes on this acreage include proximity to fantastic shopping and dining at nearby Ocean Ridge (1 minute North), Delray Beach (9 minutes South), Manalapan (12 minutes North), Palm Beach (20 minutes North) and Boca Raton (20 minutes South). Residents
will also be pleased to be just minutes from I-95 and the Palm Beach International Airport.
Listing Office: The Corcoran Group
Last Updated: April - 15 - 2024
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