$18,000,000
For Sale

5060 N Ocean Drive

Riviera Beach, FL 33404
#RX-11038517
Type:Purchase
Structure:Land
Zone:Residential

Description

Colliers is pleased to present the opportunity to acquire the Condado Development Site, an oceanfront development opportunity located at 5060 N. Ocean Drive, Riviera Beach, FL 33404 in Palm Beach County. The Board of Directors
has engaged Colliers to explore strategic sale opportunities for the property, with the unanimous support of the unit owners. The Condado is an aging three story co-op built in 1966 comprising 13 units. The property features private beach access. The Condado Site is approximately 1.115 acres, with 138 feet of frontage on the Atlantic Ocean located on Singer Island, directly north of Palm Beach Island. This site offers developers the opportunity to build a boutique, ultra-luxury, beachfront residential project to capitalize on the influx of wealth to Palm Beach County. The inplace RM-20 zoning allows for a maximum density of 20 units per acre on the site, a FAR of 1.30, and a maximum height of 200
feet.

  • Property Details
      • Lot Features1 to < 2 Acres
      • Lot Description1 to < 2 Acres
      • ViewOcean
  • Construction Details
      • Property TypePurchase
  • Community and Neighborhood Details
      • SubdivisionCONDADO INC
    • Location
      • CountyPalm Beach
      • ZoningRM-20(
  • Financial Details
      • Original List Price$18,000,000
      • Taxes Annual$8,423
  • Other
      • MLS #RX-11038517

Location

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© BEACHES MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Last Updated: . Source: BMLS

Listing Courtesy
Listing Agent: Cliff Glansen (#20000102)
Listing Office: FlatFee.com (#800013)

Lisa StewartReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00

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    © BEACHES MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.