$15,800,000
West Palm Beach, FL 33401
MLS# A11010619
Status: Closed
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Property Description
**MOTIVATED SELLER** EXCELLENT INVESTMENT OPPORTUNITY TO BUY LAND WITH RESIDENTIAL AND COMMERCIAL ZONING. The lot consists of 7 parcels assembled totaling 2.5 acres, located one block from FEDERAL COURT, and a few blocks from the new BRIGHTLINE train station and CITY PLACE. This is the only land of this magnitude available in the area, not only because of the size of the lot but also because of the income that the location can generate. Zoning allows up to 8 stories high. Ideal to develop a residential/commercial or mixed-use. The front of the lot on Rosemary Avenue is 515 feet and the depth is up to 307, on the corner of 3rd street. Includes submitted architectural plans.
Details
Maps
Contract Information
Comp Sale YN: No
LP/Acre: 6600000
LP/Frontage: 32038.83
Listing Date: 2021-03-09
Status: Closed
Original List Price: 16500000
Sold Price: $15,800,000
Current Price: $15,800,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: West Palm Beach
Municipal Code: 74
Postal Zip: 33401
Geographic Area: PB25
Subdivision Number: 6
Flood Zone: X
Country: United States
Street Number: 410 - 510
Street Direction Prefix: N
Street Name: Rosemary
Street Suffix: Avenue
State Or Province: FL
Postal Code: 33401
Subdivision Name: CLOWS ADD TO WPB
Area: 5420
Parcel Number: 74434321060270061
Zoning: ICD-5 (c
General Property Information
Number Of Lots: 7
Lot Size Dimensions: 108783
Lot Depth: 307
Lot Frontage: 515
LP/SqFt: 336.01
Property Sub Type: Unimproved Land
Lot Size Acres: 2.5
Lot Size Square Feet: 49106
Additional Parcels YN: 1
Additional Parcels Description: 3rd Parcel ID 74434321060270100, 2nd Parcel ID 74434321060270090
Office/Member Information
DXORIGMLSID: SEF
Status Change Information
Buyer Financing: Cash
SP/Acre: 6320000
Major Change Timestamp: 2021-12-20T13:11:55Z
Major Change Type: Status Change
Status Change Date: 2021-12-21
Under Contract Date: 2021-11-04
Close Date: 2021-12-20
Close Price: 15800000
Comprehensive Plan Use
Suburban: 1
Current Use
Hotel/Motel: 1
Multi-Family: 1
Unimproved: 1
Environmental Audit
Phase 1: 1
Location of Property
Central Business District: 1
City Location: 1
Corner Unit: 1
Urban Area Development: 1
Possession
Negotiable: 1
Possible Use
Commercial: 1
Sewer
Public Sewer: 1
Special Information
City Jurisdiction: 1
Trees
None: 1
Utilities
Underground Utilities: 1
None: 1
Vegetation
Grassed: 1
Listing Terms
Cash: 1
Road Frontage Type
Easement: 1
Public Road: 1
Road Responsibility
Public Maintained Road: 1
Road Surface Type
Paved: 1
Water Source
Public: 1
Income and Expenses
Inc/Exp Statement Period: 0
Showing Requirements
Call Listing Agent: 1
Sign On Property: 1
Buyer Details
Intended Use: Investment
Buyer State: Florida
Zip Code: 33143
Concessions
Seller Concessions: No
Section Details
Parcel Number MLX: 0061
Acreage Description
1 To Less Than 2 Acre Lot: 1
2 To Less Than 3 Acre Lot: 1
Financial Information
Tax Year: 2019
Tax Annual Amount: 29943
Tax Legal Description: CLOWS ADD TO WPB W 11 FT OF LT 6, LTS 7 THRU 12 & W 11 FT OF LT 13 BLK 27 & S 1/2 OF 50 FT ABND PT OF 4TH ST LYG N OF & ADJ TO
Originating Details
Originating System Key: 356598406
Originating System ID: M00000151
Property Features
Comprehensive Plan Use: Suburban
Current Use: Hotel/Motel; Multi-Family; Unimproved
Environmental Audit: Phase 1
Location of Property: Central Business District; City Location; Corner Unit; Urban Area Development
Possession: Negotiable
Possible Use: Commercial
Sewer: Public Sewer
Special Information: City Jurisdiction
Trees: None
Utilities: Underground Utilities; None
Vegetation: Grassed
Listing Terms: Cash
Road Frontage Type: Easement; Public Road
Road Responsibility: Public Maintained Road
Road Surface Type: Paved
Water Source: Public
Showing Requirements: Call Listing Agent; Sign On Property
Acreage Description: 1 To Less Than 2 Acre Lot; 2 To Less Than 3 Acre Lot
Listing Office: Oceanside Realty & Investments, Inc.
Last Updated: June - 13 - 2026
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