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This rare offering is a true unicorn in the world of luxury waterfront real estate. The property delivers an unrivaled combination of direct intracoastal frontage and direct ocean frontage, totaling an extraordinary 350 feet across both bodies of water. It is one of the only true through-lots in all of Palm Beach County. The unique distinction is that it offers a full 350 feet on the intracoastal side and a full 350 feet on the ocean side, a level of scale and symmetry almost never seen at any price point. It is important to note that this property can be subdivided into two separate parcels, each running from the intracoastal to the ocean, which makes this opportunity even more exceptional. Set within one of the most exclusive and private towns in the United States, this property is a blank canvas ready for immediate construction. The land has been fully cleared. The setting is nothing short of spectacular, with endless water views to the west across the intracoastal and infinite blue ocean views to the east. Sunrise to sunset perspectives, total privacy, and exceptional width place this property in a category of its own. A current dock is already in place and can be expanded or customized for significant yacht accommodation. The deep water access is ideal for large vessels, with the inlet just minutes away and the Palm Beach inlet positioned to the north. Architectural plans will convey with the purchase. These plans are included in the photography to demonstrate the full potential of the site. The proposed design featured more than fifty thousand square feet under air with every imaginable luxury amenity. Highlights included a guest home, an oceanfront guest house, staff quarters, a state of the art fitness center, a showcase garage for luxury and collectible vehicles, and an oceanfront pool with a glass edge. The vision reflects a resort level compound designed to match the scale and rarity of the land. Opportunities of this magnitude are extremely limited. Very few properties offer the ability to control direct ocean and intracoastal frontage at this scale in one of the most elite communities in the country. This land represents the pinnacle of coastal living for the discerning buyer who values privacy, exclusivity, acreage, subdivision potential, and the rare chance to build something monumental.
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NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $60,000,000 | $60,000,000 | $60,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.223% | 6.164% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $350,144 | $364,566 | $506,314 |
| Total Monthly Payment | $350,269 | $364,691 | $506,439 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.