$11,500,000
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.
B26064913
MLS
11213 ELLISON WILSON Road, Palm Beach Gardens