On one of Florida's most coveted stretches of coastline, a rare 2.67-acre beachfront parcel has come to market on Singer Island, Palm Beach County — offering 203 linear feet of private, unobstructed, direct beach frontage along one of the Atlantic coast's most pristine shorelines. The asking price is $65,000,000, equating to approximately $24,344,569 per acre.
The site at 5400 N Ocean Drive in Riviera Beach is being brought to market by ONE Commercial Real Estate, with broker Gabriel Flores leading the engagement. The existing condominium association and its unit members have unanimously engaged ONE Commercial Real Estate to find a purchaser and pursue the strategic sale of the property, along with the dissolution of the existing condominium — giving any incoming developer a clear, unencumbered path to redevelopment.
Under as-of-right zoning allowances — a combination of PCD (Planned Commerce District) and RM-20 (High Density Multiple Family Dwelling District) — a buyer may develop a new 20-story luxury condominium tower with up to 53 units, at a maximum height of 200 feet, without requiring any special zoning approvals. The site accommodates ample surface parking and is designed to offer unobstructed ocean-to-intracoastal views for every residence.
Singer Island's Ocean Drive is a uniquely narrow corridor — flanked by condo towers to the east facing the Atlantic, and the Lake Worth Lagoon to the west — creating a natural sense of seclusion and ensuring that both ocean and intracoastal views will remain permanently unobstructed. This dual-water orientation is a defining feature of the site and a key driver of its luxury development potential.
The demand context for this kind of asset is formidable. Waterfront condominiums across Palm Beach County are reaching record values driven by constrained supply. In downtown West Palm Beach, larger intracoastal units within the luxury segment are commanding prices above $3,000 per sellable square foot, with the newest pre-construction offerings launching at similar benchmarks. Palm Beach County ranks among the top five fastest-growing wealth markets globally, with over 71,000 millionaire households and 68 billionaires counted as residents.
Beyond the numbers, the site benefits from proximity to Ocean Reef Park, the Palm Beach Inlet, and the broader amenity ecosystem of Singer Island — which encompasses seven miles of pristine beaches, upscale hotels, and world-class resorts. Downtown West Palm Beach is also within easy reach, adding urban conveniences to an already exceptional coastal setting.
For a developer seeking a genuinely scarce beachfront canvas in one of America's most supply-constrained luxury markets, 5400 N Ocean Drive represents a singular opportunity — with unanimous seller support, as-of-right entitlements, and an irreplaceable coastal address already in place.
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