Waterfront
Address
1614 N Congress Avenue West Palm Beach, FL
Price
$ 10,000,000
Property Attributes
  • MLS#RX-10690659
  • TypeLand
  • CountyPALM BEACH
  • CityWest Palm Beach
  • Area5410
  • NeighborhoodCongress
  • Zip33409
  • StyleMulti-Family High De,Multi-Family Med Den
  • Taxes$ 7130
  • Price$ 10,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6 Acres
Listing Provided Courtesy Of:
Beycome of Florida LLC
Data Source:
Beaches MLS
Property Description

5 parcels to build 199 units. Owner has plans and permits to build and bids to build as well. Total land and construction cost will be at $45M and this deal is set at a 7.4 CAP Rate. Rental units are projected to be at $1.75PSF.

Price History
2/8/2021 Listed $10,000,000

General Features

# Parcels 5
Area 5410
Auction No
Geo Area PB23
Geo Lat 26.700672
Geo Lon -80.085604
HOA None
Legal Description 29-43-43, N 70 FT OF S 762.31 FT OF W 1/4 OF NW 1/4 /LESS W 40 FT RD R/W/
Property Type C
REO No
Short Sale No
Status Active
Style Multi-Family High De, Multi-Family Med Den, Other
Subdivision CONGRESS
Tax Year 2020
Taxes 7130.00
Terms Considered Other
Type Commercial Land
Utilities Available None
View Lake
Water Frontage 600
Waterfront Yes
Waterfront Lake
Zoning RM

Exterior Features

Ground Cover Other
Improvements None
Lot Description 5 to 10 Acres
Lot Size 6.00
Roads Other
Trees Other

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 33409

Price
AVG $10M
$10M
Taxes
AVG $7,130
$7,130
Visits
AVG 145
145
Walkscore
AVG 30
30
Data Provided by Walkscore ® not using MLS data

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