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1023 Russell Drive , #2

Highland Beach, FL 33487
  • $3,850,000
  • STATUS: Active
  • ON SITE: 83 Days
  • ID#: RX-10843892
UPDATED: 172 min ago
$3,850,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

Description

Wow! Incredible lot triplex on 100' of deep water frontage in Highland Beach, FL! Walk to the Beach from his impeccable multi-family investment property offers an amazing place to live for you as you collect revenue from tenants of your choice. Sited on an extra wide 150' canal out back that looks clearly at the Intracoastal so boating & views are abundantly appreciated! The town of Highland Beach is currently reviewing their building regulations so this may offer the ability to position up to 3 new townhouse in the near future. This Triplex consists of three condominium units offered together so the opportunities are many. Live and collect rent from tenants on the dock space and the other two 2 bedrooms units above or rent it all. Single Vacant larger ground floor unit and 2 car garage.Two 2bed/2bath, One 3bed/3bath. Garage is separate from the units and could provide unique storage opportunities. All units have washer/dryers and Larger deck and pool over looking ocean accessible water that spans 150' across. Now consider that walking to the beach will take about as long as reading this twice so don't let this slip away. Future developments may be available to this multi-family parcel so the combined ownership may afford even more of an opportunity. Current owner wishes to stay so occupancy is 100% day one if desired. With its proximity to the Spanish River Bridge and it's short direct path to I-95, it's an ideal place to call home seasonally or all year long. This type of property rarely hits the market so waiting will mean missing out.

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www.keriannworley.com/homes/134560488
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1023 Russell Drive , #2 Highland Beach, FL 33487

  • Price: $3,850,000
  • Status: Active
  • On Site: 83 Days
  • Updated: 172 min ago
  • ID#: RX-10843892
0
Beds
0
Baths
0
½ Baths
0.25
Acres
Neighborhood:
Beachside Condo
County:
Palm Beach
Area:
Highland Beach
Elementary School:
J. C. Mitchell Elementary School
Middle School:
Boca Raton Community Middle School
High School:
Boca Raton Community High School
Property Description
Wow! Incredible lot triplex on 100' of deep water frontage in Highland Beach, FL! Walk to the Beach from his impeccable multi-family investment property offers an amazing place to live for you as you collect revenue from tenants of your choice. Sited on an extra wide 150' canal out back that looks clearly at the Intracoastal so boating & views are abundantly appreciated! The town of Highland Beach is currently reviewing their building regulations so this may offer the ability to position up to 3 new townhouse in the near future. This Triplex consists of three condominium units offered together so the opportunities are many. Live and collect rent from tenants on the dock space and the other two 2 bedrooms units above or rent it all. Single Vacant larger ground floor unit and 2 car garage.Two 2bed/2bath, One 3bed/3bath. Garage is separate from the units and could provide unique storage opportunities. All units have washer/dryers and Larger deck and pool over looking ocean accessible water that spans 150' across. Now consider that walking to the beach will take about as long as reading this twice so don't let this slip away. Future developments may be available to this multi-family parcel so the combined ownership may afford even more of an opportunity. Current owner wishes to stay so occupancy is 100% day one if desired. With its proximity to the Spanish River Bridge and it's short direct path to I-95, it's an ideal place to call home seasonally or all year long. This type of property rarely hits the market so waiting will mean missing out.
Exterior Features

Boat Services Common DockDock AvailableElectric AvailablePrivate DockUp To 80 Ft BoatWater Available Elevation At Sea Level 5 To < 10 Ft Front Exposure South Ground Cover Grassed Improvements HomeStreet Light Lot Depth 110.00 Lot Description < 1/4 AcreEast Of Us-1Paved Road Lot Dimensions 100 X 110 Lot Frontage 100.00 Roads City/County Maint.Public Trees Non NativeOther View CanalIntracoastalPool Water Frontage 100 Waterfront Description Canal Width 121+IntracoastalNavigableNo Fixed BridgesOcean AccessSeawall Waterfront YN Yes

Property Features

Auction No Available Docs AerialSurvey Development Name Beachside Condo Development Status Recorded Plat Homeowners Association None Land Type Commercial Land List Office Board Code Greater Fort Lauderdale Realtors Location Beach AreaCityOther Min Living Sq Ft Restrictions 1699.00 Miscellaneous Traffic Medium REO No Short Sale No Short Sale Addendum No Short Sale AU N/A Special Assessment No Style Boat DockMulti-Family Med Den Tax Amount 3942.95 Tax Year 2021 Terms Considered CashConventional Utilities Available CableElectricMunicipal SewerPhone LinePublic WaterTrash Removal Utilities On Site CableElectricIrrigated WaterMunicipal SewerPhone LinePublic Water Zoning Rml(Ci

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Keriann Worley, Broker Associate at Douglas Elliman Real Estate
444 East Palmetto Park Rd
Boca Raton FL, 33432