$15,800,000
West Palm Beach, FL 33401
MLS# A11010619
Status: Closed
1 / 5
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
Listing Date: 2021-03-09
Status: Closed
Original List Price: 16500000
Sold Price: $15,800,000
Current Price: $15,800,000
LP/Acre: 6600000
LP/Frontage: 32038.83
Location and Legal
Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 410 - 510
Street Direction Prefix: N
Street Name: Rosemary
Street Suffix: Avenue
City Name: West Palm Beach
Municipal Code: 74
State Or Province: FL
Postal Code: 33401
Postal Zip: 33401
Subdivision Name: CLOWS ADD TO WPB
Area: 5420
Geographic Area: PB25
Parcel Number: 74434321060270061
Subdivision Number: 6
Zoning: ICD-5 (c
Flood Zone: X
General Property Information
Property Sub Type: Unimproved Land
Number Of Lots: 7
Lot Size Acres: 2.5
Lot Size Square Feet: 49106
Lot Size Dimensions: 108783
Lot Depth: 307
Additional Parcels YN: 1
Additional Parcels Description: 3rd Parcel ID 74434321060270100, 2nd Parcel ID 74434321060270090
Lot Frontage: 515
LP/SqFt: 336.01
Status Change Information
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
Buyer Financing: Cash
SP/Acre: 6320000
Buyer Details
Intended Use: Investment
Buyer State: Florida
Zip Code: 33143
Concessions
Seller Concessions: No
Section Details
Parcel Number MLX: 0061
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
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.