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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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11213 Ellison Wilson Rd , Palm Beach Gardens, FL 33408
$11,500,000
Est. Payment: $25,555.56/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 32
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FLL276530357 - FLL276500285
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House Description

Exceptional Intracoastal Development Opportunity in Palm Beach Gardens** Rare opportunity to acquire just under one acre directly on the Intracoastal Waterway with more than 90 feet of waterfront, five boat slips and Multifamily Medium Density zoning. The offering consists of two parcels, 2030 Melody Lane (.53 acres) and 11213 Ellison Wilson Road (.3965 acres), totaling approximately .93 acres. The property currently includes seven residences consisting of a main waterfront residence, two detached cottages and two duplexes, offering existing income potential while a buyer explores future plans for the property. The possibilities extend well beyond the existing improvements. Create a private Intracoastal estate or waterfront compound, reposition the existing residences, or explore the property's multifamily redevelopment potential. For developers seeking a larger footprint, the adjacent waterfront property is also currently offered for sale, creating the potential to assemble approximately 1.65 acres with roughly 190 feet of Intracoastal frontage. An additional approximately quarter acre from another nearby owner may also be available separately, creating the potential for an even larger assemblage. With direct Intracoastal frontage, existing dockage, multifamily zoning and the possibility of assembling additional neighboring land, this is a unique opportunity to create a significant waterfront project in Palm Beach Gardens. All measurements, zoning, density, development potential, uses, additional land availability and governmental approvals are subject to independent verification by the buyer.

Highlights

Listed by Carla Ann Christenson , 561-307-9966 One Sotheby's International Re , 561-694-0058.

Property Type

Vacant Land

Lot/Acreage
0.93

County

Palm Beach

Area

5250

Neighborhood

Fowlers Sub

Listing ID

B26064913

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Water:Public

Exterior Features

Lot:<1 Acre
Zoning:RM-Medium Dens
Sewer:Septic Tank
Principal Interest
$25,556
Taxes
$6,089

Home Price

$11,500,000

Loan Details

30 yrs
%

Down Payment

20%
$2,300,000
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Monthly Price:
$25,555.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $25,555.56 $6,088.83 $0.00 $31,644.39
Yearly $306,666.67 $73,066.00 $0.00 $379,732.67
Total $9,200,000.00 $2,191,980.00 $0.00 $11,391,980.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Palm Beach Gardens, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.