499 81st Ave - Residential LAND FOR SALE


West Palm Beach, FL 33411- Outer Royal Palm Beach/Wellington222,156 SF
$2,650,000 USD
954-245-3492
499 81st Ave, West Palm Beach, FL for Sale
$2,650,000 USD
Residential LAND - FOR SALE
1/11
222,156 SF


HIGHLIGHTS

  • 5.1-Acre Residential Development Site Supporting Seven Single-Family Home Lots
  • Rectangular Dual-Frontage Site at 81st Avenue & 3rd Place South for Efficient Design
  • Existing Streets and Utility Infrastructure already in place, Reducing Upfront Costs
  • Residential Location with an Average Household Income of $190k+ within 1-Mile
  • Walking Distance to A-Rated Everglades Elementary, Minutes to Southern Boulevard
  • Rapidly Growing Area with 17%+ Population Growth since 2010 per Experian

OVERVIEW

Efficient Layout Potential: The site’s rectangular configuration with dual frontage along 81st Avenue and 3rd Place S supports a clean and functional layout for a 7-lot single-family residential development. Each lot is expected to average over 30,000 square feet, offering generous space for upscale homes. Infrastructure Ready: Existing streets and water lines are already in place, streamlining the development process and reducing upfront costs. Prime Residential Setting: Located in a well-established and desirable neighborhood, the area is surrounded by successful residential communities, including several with homes valued at over $1,000,000. Secluded Yet Connected: The property offers a private, tranquil atmosphere while maintaining excellent connectivity to major routes including the Florida Turnpike, I-95, and key destinations like downtown West Palm Beach and Wellington’s commercial hub. Top-Rated School Access: Within easy walking distance to Everglades Elementary School, an A-rated and highly sought-after institution, adding strong appeal for families. This prime 5.1-acre site is located at the southwest corner of 3rd Place S and 81st Avenue, just east of Marginal Road and approximately half a mile south of Southern Boulevard. Situated in unincorporated Palm Beach County, the property offers convenient access to major transportation routes while maintaining a quiet, residential setting. A conceptual layout with all lots fronting 81st Avenue supports a yield of 7 residential lots, aligning with the existing subdivision directly across the street.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/ACRE

$519,608/AC

PRICE/SF

$12 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Marginal Road

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Single Family Development, Single Family Residence

LAND ACRES

5.1 AC

LAND SF

222,156 SF

OFFSITE IMPROVEMENTS

Water, Irrigation

ZONING

AR

APN/PARCEL ID

00-42-43-27-05-011-0311

ASK ABOUT THIS PROPERTY

Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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Joseph ThomasMarcus & MillichapMore Info
954-245-3492

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.