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Extraordinary two-acre Intracoastal estate site in Gulf Stream A rare and now fully realized opportunity, this premier two-acre waterfront parcel offers 102 feet of direct Intracoastal frontage in one of South Florida's most exclusive enclaves. Formerly constrained by legacy easements, the property has been comprehensively cleared for redevelopment. The site has been elevated and improved with new water mains, while a new seawall and private dock are underway—positioning the property for immediate construction of a world-class waterfront estate. Current municipal allowances permit a residence of up to 19, 475 square feet, creating an unparalleled canvas for a bespoke compound along the Intracoastal Waterway. Privately accessed via a gated entrance and an extraordinary nearly quarter-mile driveway from US-1, the estate offers a level of seclusion rarely found in a neighborhood setting. The only public vantage point is from the Intracoastal itself, with serene views across to the distinguished Gulf Stream Golf Club. Ideally situated just minutes from Delray Beach, Boca Raton, and Palm Beach, this offering combines privacy, scale, and proximity in a way that is simply without equal. There is truly nothing comparable on the South Florida market today. This exceptional offering presents a once-in-a-generation opportunity to create a legacy estate defined by expansive grounds, unobstructed water views, and unrestricted deepwater dockage in a premier Palm Beach County location. Video and recent survey available upon request.
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Our Executive Mortgage Banker:
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$14,750,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
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 | $11,800,000 | $11,800,000 | $11,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.132% | 6.259% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $69,801 | $71,698 | $99,575 |
| Total Monthly Payment | $69,926 | $71,823 | $99,700 |
* 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.