$5,400,000
Boynton Beach, FL 33435
MLS# RX-10342284
Status: Closed
1 / 6
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
Auction: No
List Price/Acre: 3482323.23
Listing Date: 2017-06-13
Status: Closed
Original List Price: 6895000
Sold Price: $5,400,000
Current Price: $5,400,000
General Property Description
Price/Acre: 3473552
Price/SqFt: 80
Lot Dimensions: 506 x 171
Acres: 1.98
Waterfront: Yes
Waterfrontage: 171
Homeowners Assoc: None
Front Exp: East
Directions: Woolbright to Old Ocean take a right, go until the end of Old Ocean
Type: Single Family Detached
Lot SqFt: 86467
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
Location, Tax & Legal
Geo Area: PB11
State/Province: FL
Short Sale: No
Tax Year: 2016
Zoning: H Residential 8
Short Sale A/U: N/A
Short Sale Addendum: No
Taxes: 23528.2
# Parcels: 3
Special Assessment: No
REO: No
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
Office/Member Info
DXORIGMLNO: RX-10342284
DXORIGMLSID: RML
Status Change Info
Terms of Sale: Cash
Sold Price/Acre: 2727272.72
Under Contract Date: 2018-01-03
Sold Date: 2018-06-06
Sold Price: $5,400,000
Location
Beach Area: 1
City: 1
Avail Docs
Aerial: 1
Deed Restriction: 1
Survey: 1
Land Use
Multi-Family Med Den: 1
Single Family: 1
Other: 1
View
Ocean: 1
Waterfront Details
Ocean Access: 1
Oceanfront: 1
Lot Description
East of US-1: 1
1 to < 2 Acres: 1
Special Info
Comforms to Zoning: 1
Deed Restrictions: 1
Develop Status
Undeveloped: 1
Improvements
None: 1
Utilities Avail
None: 1
Utilities On Site
None: 1
Ground Cover
Grassed: 1
Roads
Public: 1
Other: 1
Trees
None: 1
Usage
Other Usage: 1
Terms Considered
Cash: 1
Conventional: 1
Subdiv Info
Bike - Jog: 1
Contingencies
None: 1
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
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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