1150 N Ocean Way, Palm Beach, FL 33480 (MLS# R11015635)

1150 N Ocean Way, Palm Beach, FL 33480

$16,000,000

Virtual Tour

https://www.propertypanorama.com/1150-N-Ocean-Way-Palm-Beach-FL-33480/unbranded

Property Type: Land & Docks Lot Size (sq. ft.): 24,977 Status: Closed

Current Price: $16,000,000 List Date: 8/26/2024 Last Modified: 3/13/2026

Overview

Description

This double lot on a coveted Northend street is now available with ARCOM approved plans. This 24,977 SF lot is on the corner of El Pueblo and N. Ocean Way and has beach and bike trail access. The approved ARCOM plans were designed by Internationally renowned architect, Clemens Bruns Schaub. This property was specifically designed and inspired by indoor/outdoor island-style living while taking advantage of the enormous lot. Build your dream home with these approved plans and save yourself the time and headache of going through the approval process. Or, design your own house on one of the last double lots available in the North End.

Listing Details MLS# R11015635

General Property Information

Property Sub Type: Unimproved Land
Lot Size Acres: 0.57
Lot Size Square Feet: 24977
Minimum Livable Area: 4767
Direction Faces: East
LP/SqFt: 675.62

Property Features

Current Use: Single Family Development Status: Recorded Plat Documents Available: Plans Electric: Three Phase Location of Property: Beach Access; City Location Possession: Close Of Escrow Possible Use: Single Family Trees: Partial Tree Coverage; Other Utilities: Electricity Available; Water Available Vegetation: Grassed Listing Terms: Cash; Conventional Lot Features: Cleared Road Frontage Type: Public Road Road Surface Type: Paved Water Source: Public Showing Requirements: Call Listing Agent Contingencies: None Acreage Description: 1/2 To Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 19495000
LP/Acre: 29429717.47

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 1150
Street Direction Prefix: N
Street Name: Ocean
Street Suffix: Way
City Name: Palm Beach
State Or Province: FL
Postal Code: 33480
Postal Zip: 33480
Subdivision Name: EL ENCANTO
Area: 5001
Geographic Area: PB30
Parcel Number: 50434302010000240
Zoning: R-B(ci

Financial Information

Tax Year: 2023
Tax Annual Amount: 215805
Tax Legal Description: EL ENCANTO, LTS 24 & 25

Status Change Information

Major Change Timestamp: 2025-01-30T20:15:34Z
Major Change Type: Status Change
Price Change Timestamp: 2024-11-20T18:31:22Z
Status Change Date: 2025-01-30
Under Contract Date: 2024-12-05
Close Date: 2025-01-30
Close Price: 16000000
Buyer Financing: Cash
SP/Acre: 27903732.12

More Information

Short Sale Details

Short Sale Addendum: No

Concessions

Seller Concessions: No

Contributions

Buyer Contributions: No

Price Calculations

Original List Price To Close Price: 1.21

Originating Details

Originating System Key: 20240826184444122009000000
Originating System ID: M00000170

Listing Office: Brown Harris Stevens of PB

Last Updated: March - 13 - 2026

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