Modern Living Group
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$949,000ACTIVE

426 N 5th Street, Lantana, FL 33462

beds0baths
THE RESIDENCE

About this home

TWO SEPARATELY USABLE PARCELS, RARE COASTAL INVESTMENT IN THE HEART OF LANTANA. R15 ZONING PLUS NEAR THE BEACH. Exceptional mixed-use opportunity just under 1/2 mile from the Atlantic Ocean, area beaches, and boat ramp. This unique offering includes a single-family CBS Arthur Rutenberg home in addition to this adjacent vacant lot, delivering immediate usability with significant redevelopment upside. Zoned R15, allowing up to 12 units, this property is ideally positioned for multifamily development in a rapidly evolving coastal corridor. The site directly abuts commercial zoning, creating a strong pathway for commercial or mixed-use conversion. Great flexibility for investors, developers, 1031 exchange, or land bankers. Opportunities with this level of density potential, location, and zoning flexibility are increasingly rare this close to the ocean. Both lots are 110x150 abutting commercial use on the south and East sides. Research has been done and a professional consultant outline for variance process and assurance of commercial conversion, to allow maximum flexibility for planned use.

THE DETAILS

Property details

Price$949,000
ZoningR15
Lot FeaturesCity Lot
Water SourcePublic
SewerPublic Sewer
Days on Market142
Property TypeLand
StatusActive
MLS #R11166195
Original List Price$1,000,000
Road SurfacePaved
Number of Lots2
WaterfrontNo
Annual Taxes$2,070
Direction FacesWest
CityLantana
Zip Code33462
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UtilitiesCable Available, Electricity Available, Sewer Available, Water Available
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
Luxury Specialist

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