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About This Home

This 0-bedroom, 0-bathroom commercial at 1617 Embassy Drive in West Palm Beach, FL is listed for $1,500,000. on a 0.87 acres lot.

Agent Description

An exceptional opportunity to acquire two contiguous parcels totaling approximately 38,099 +/- square feet (0.87 acres) within the established Lands of the President community in West Palm Beach. Zoned MF32 - Multifamily High Density (City of West Palm Beach), the site presents potential for up to 32 dwelling units per acre, subject to site plan approval and verification.

Preliminary concept studies illustrate the feasibility for a 3-story residential development of up to 28 units with structured or surface parking. The property offers strong frontage along Embassy Drive and is centrally located near Banyan Cay redevelopment, Palm Beach Outlets, Downtown West Palm Beach, Brightline, and major employment corridors.

Unlike raw land, this infill site benefits from existing road access, utilities, and established surrounding infrastructure. Ideal for a boutique multifamily concept, luxury villa product, or creative low-rise residential development, subject to approvals.

Opportunities of this scale within Lands of the President and surrounding area are extremely limited. Full package upon in docs section or upon request. All development concepts are preliminary and for illustrative purposes only. Buyer is solely responsible for conducting its own due diligence regarding zoning, density, land use, site plan approval, subdivision covenants, HOA restrictions, utilities, and development feasibility.

Seller and Broker make no representations or warranties regarding entitlement, permitted use, or maximum density. Any development potential referenced is subject to municipal approvals and private governing documents.

Key Features

  • 0.87 acre lot

Monthly Cost Estimate

$8,022/mo

20% down · 6.5% · 30 years

Principal$1,085
Interest$6,500
Insurance$438

Estimates only. Actual payments may vary.

Location

1617 Embassy Drive

West Palm Beach, FL 33401

PRESIDENT COUNTRY CLUB 1

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1617 Embassy Drive is listed at $1,500,000. The estimated monthly payment is $6,500 based on 20% down at 6.5% interest.

Key features include: 0.87 acre lot.

This property is listed by Lauren Nicole Mathews and can be reached at 5616293416 or lauren.mathews@elliman.com.

LM

Lauren Nicole Mathews

Agent at Douglas Elliman

(561) 629-3416

Listed by Douglas Elliman · View on Broker Site

MLS# R11163572· Source: listhub· Updated 108 days ago

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1617 Embassy Drive, West Palm Beach, FL 33401

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