ONE Commercial Real Estate is pleased to present this rare opportunity to acquire 2.67 acres of direct-access beachfront land along Singer Island, Palm Beach County, Florida. The site boasts 200 linear feet of unobstructed waterfront views and is primed for the redevelopment of a new, 20-story ultra-luxury condominium tower with up to 53 units under as-of-right allowances. The existing condominium association and its unit members have unanimously engaged ONE Commercial Real Estate to retain a purchaser and pursue the strategic sale of the property along with the dissolution of condominium. Under as-of-right allowances, a new 20-story luxury condominium tower with 53 units can be designed with ample surface parking, unobstructed ocean-to-intracoastal views, and lifestyle and amenity services supported by existing market demand. Waterfront condominiums in Palm Beach County are reaching record values due to the lack of available inventory. In downtown West Palm Beach, larger Intracoastal units are commanding prices above $3,000 per sellable square foot. Palm Beach County ranks as one of the top 5 fastest-growing wealth markets globally, with a concentration of over 71,000 millionaire households and 68 billionaires. Singer Island boasts seven miles of pristine beaches, upscale hotels and resorts. The site benefits from proximity to Ocean Reef Park, the Palm Beach Inlet, and downtown West Palm Beach. Singer Island's Ocean Drive runs thin with condo towers on the east and Lake Worth Lagoon to the west, ensuring unobstructed west and east views both now and into the future. Active consumer market with spending over $139 million within a 1-mile radius and $716 million within a 3-mile radius. The site offers 203 linear feet of private, unobstructed, direct beach frontage and an expansive arrival sequence.
