Multi Family For Sale

5060 N Ocean Drive, Riviera Beach, FL 33404

$18,000,000
Property Description

Colliers is pleased to present the opportunity to acquire the Condado Development Site, an oceanfront development opportunity. The Condado is an aging three story co-op built in 1966 comprising 13 units. The property features private beach access.The Condado Site is approximately 1.115 acres, with 138 feet of frontage on the Atlantic Ocean located on Singer Island, directly north of Palm Beach Island. This site offers developers the opportunity to build a boutique, ultra-luxury, beachfront residential project to capitalize on the influx of wealth to Palm Beach County. The inplace RM-20 zoning allows for a maximum density of 20 units per acre on the site, a FAR of 1.30, and a maximum height of 200feet.

Basic Details
Listing Type : For Sale
Price : $18,000,000
Property Sub Type : Multi Family
Features
: Central Air
Central
Tile
Other
Location
US
FL
Palm Beach
Riviera Beach
33404
Go East on Blue Heron Blvd in Riviera Beach to N Ocean Dr.
4110
5060 N Ocean Drive, Riviera Beach, Florida 33404
Extended Details
Virtual Tour URL
CONDADO INC
05.06.2025
Block
Yes
Electricity Available
$0
Flat Fee.com
Cliff Glansen
Expired
2024-11-06
2025-05-06T00:00:00Z
3
8316
Beaches
Property TypeMulti Family
StatusExpired
Listing IDR11034811
Year Built1966
Mortgage Calculator
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Realtyna

Nadereh (Nana) Rezaie, P.A.  Broker Associate, Certified Luxury Home Marketing Specialist™ GUILD™

Nana Rezaie 561-660-1948

Office: 561-660-1948 1400 Corporate Center Way, Second Floor, Wellington, FL 33414 Each office independently owned and operated 561-472-1236 .

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