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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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1617 Embassy Dr , West Palm Beach, FL 33401
$1,500,000
Est. Payment: $3,333.33/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 216
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FLL802465 - FLL63313755,FLL270532719
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House Description

An exceptional opportunity to acquire two contiguous parcels totaling approximately 38,099 ± square feet (0.87 acres) within the established Lands of the President community in West Palm Beach. Zoned MF32 - Multifamily High Density (City of West Palm Beach), the site presents potential for up to 32 dwelling units per acre, subject to site plan approval and verification. Preliminary concept studies illustrate the feasibility for a 3-story residential development of up to 28 units with structured or surface parking. The property offers strong frontage along Embassy Drive and is centrally located near Banyan Cay redevelopment, Palm Beach Outlets, Downtown West Palm Beach, Brightline, and major employment corridors. Unlike raw land, this infill site benefits from existing road access, utilities, and established surrounding infrastructure. Ideal for a boutique multifamily concept, luxury villa product, or creative low-rise residential development, subject to approvals. Opportunities of this scale within Lands of the President and surrounding area are extremely limited. Full package upon in docs section or upon request. All development concepts are preliminary and for illustrative purposes only. Buyer is solely responsible for conducting its own due diligence regarding zoning, density, land use, site plan approval, subdivision covenants, HOA restrictions, utilities, and development feasibility. Seller and Broker make no representations or warranties regarding entitlement, permitted use, or maximum density. Any development potential referenced is subject to municipal approvals and private governing documents.

Highlights

Listed by Lauren Nicole Mathews , 561-629-3416 and Alexis King , 904-576-3797 Douglas Elliman , 561-655-8600.

Property Type

Vacant Land

Lot/Acreage
0.87

County

Palm Beach

Area

5410

Neighborhood

President Country Club 1

Listing ID

R11163572

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:<1 Acre
Lot Dimensions:326x150
Zoning:MF32(c
Principal Interest
$3,333
Taxes
$630

Home Price

$1,500,000

Loan Details

30 yrs
%

Down Payment

20%
$300,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,333.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,333.33 $630.42 $0.00 $3,963.75
Yearly $40,000.00 $7,565.00 $0.00 $47,565.00
Total $1,200,000.00 $226,950.00 $0.00 $1,426,950.00

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 (West Palm Beach, 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.