Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Lot size
0.84 acres
Once in a lifetime opportunity! Largest estate lot likely ever available in Royal Palm Yacht & Country Club. Site of a now demolished 1920's compound, this property is nearly 7/8 of an acre – 36,643 approximate combined square feet. Offering includes the former compound's estate lot & a 2,600 square foot separate deeded ''sliver'' between the original lot & Thatch Palm within Royal Palm. The sides & rear of the estate lot are completely walled and substantial clean fill was brought in after the former residence and all out-buildings were demolished. Several magnificent specimen trees have been preserved. The site will accommodate a private tennis court, multiple garage stalls for an auto collector, an Olympic sized pool, and a new residence in keeping with the size of the property. The Buyer will become a voting member of Royal Palm Improvement Association with all related rights and privileges. A future home can face Thatch Palm – with two driveways out onto Thatch Palm and a third if desired; leading out via a gate to Camino Real – for easy access to The Boca Hotel and Club - right across the street. While this property is essentially the size of THREE standard Royal Palm lots – it is deed restricted to hold one residence - and cannot be subdivided. The current average price of a tear-down/dry lot ( non-golf ) within the gates of Royal Palm sells for in excess of $ 125.00 per square foot. Combining three lots – and tearing down the existing homes to create a compound configured like this clean/ready site is virtually impossible. If it could be accomplished the cost to do so would be nearly $5M. The asking price of this one-of-a-kind trophy estate lot is well under the current market on a price per square foot basis...and it's irreplaceable. This "triple size" home site with its benefits and features has NEVER been offered before – and never will be again! Live the Royal Palm lifestyle within a walled estate that cannot be duplicated – steps to golf, dining, The Boca Hotel and Club and the beach.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Cleared, Interior Lot
-
Lot Size(acres)
0.84
-
Property Type
Land
-
Property Sub Type
Unimproved Land
Price
-
Sales Price
$3,999,000
-
Tax Amount
$18,109.9
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
Yes
-
Association Fee
$210
-
Association Fee Includes
N/A
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Association Amenities
Beach Rights, Clubhouse, Trail(s)
-
Sewer
Public Sewer
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Location
County
Palm Beach
Elementary School
Middle School
High School
Listing Courtesy of William D Yahn , The Corcoran Group
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