Modern Living Group
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$11,500,000ACTIVE

11213 ELLISON WILSON Road, Palm Beach Gardens, FL 33408

beds0baths
THE RESIDENCE

About this home

Exceptional Intracoastal Development Opportunity in Palm Beach Gardens** Rare opportunity to acquire just under one acre directly on the Intracoastal Waterway with more than 90 feet of waterfront, five boat slips and Multifamily Medium Density zoning. The offering consists of two parcels, 2030 Melody Lane (.53 acres) and 11213 Ellison Wilson Road (.3965 acres), totaling approximately .93 acres. The property currently includes seven residences consisting of a main waterfront residence, two detached cottages and two duplexes, offering existing income potential while a buyer explores future plans for the property. The possibilities extend well beyond the existing improvements. Create a private Intracoastal estate or waterfront compound, reposition the existing residences, or explore the property's multifamily redevelopment potential. For developers seeking a larger footprint, the adjacent waterfront property is also currently offered for sale, creating the potential to assemble approximately 1.65 acres with roughly 190 feet of Intracoastal frontage. An additional approximately quarter acre from another nearby owner may also be available separately, creating the potential for an even larger assemblage. With direct Intracoastal frontage, existing dockage, multifamily zoning and the possibility of assembling additional neighboring land, this is a unique opportunity to create a significant waterfront project in Palm Beach Gardens. All measurements, zoning, density, development potential, uses, additional land availability and governmental approvals are subject to independent verification by the buyer.

THE DETAILS

Property details

Price$11,500,000
Lot Size0.93 acres
Lot Sq Ft40,511
Price / Acre$12,365,591
ZoningRM-Medium Dens
Water SourcePublic
SewerSeptic Tank
Days on Market0
Property TypeLand
StatusActive
MLS #B26064913
Original List Price$11,500,000
SubdivisionFOWLERS SUB
Road SurfaceOther
Number of Lots2
WaterfrontYes
Waterfront FeaturesIntracoastalAccess,NoFixedBridges
ViewIntercoastal,Water
Show all details (4 more)
Annual Taxes$73,066
CityPalm Beach Gardens
Zip Code33408
UtilitiesCable Available, Sewer Not Available, Water Connected
LOCATION

Where you'll live

Wolf Velasco
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Wolf Velasco
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