A private sanctuary is being offered at this double-lot investment opportunity comprising 2103 + 2105 Cove Lane, directly on the Intracoastal Waterway with over 204 feet of waterfrontage. This prestigious and highly coveted location in North Palm Beach is just shy of an acre and is zoned for multi-family, allowing a wealth of possibilities for either a luxury estate or an income-producing multi-family complex. This amount of land and waterfront, the unique zoning opportunities and the prime location positions investors for a variety of high-return building options.Located just off Ellison Wilson Road, this tranquil location allows for exceptional privacy on a low density cul-de-sac with lush greenery. The demand in this area for quality new construction is high and continuing to grow. This ample amount of serene space would accommodate many waterfront residences and has no HOA, affording the ideal circumstances for a perfectly designed oasis to your unique specifications. Nestled in the luxurious and upscale North Palm Beach, this homesite is a stone's throw to Florida's most pristine beaches and boating amenities. Bisecting PGA Boulevard with world-class golf courses, shopping and fine-dining, this location is flush with amenities and conveniences at every turn. Other property specifications to note: 1 homesite has been cleared. The second homesite has an existing structure with 3 units (main house + 2 apartments), a garage and a shared waterfront pool. These can be used for immediate occupation or as income producing property while other plans are being made. 3 docks and 2 existing boat lifts - (16,000LBS & 12,000LBS) or dock can be reconfigured to host a large yacht. No wake zone, no HOA, no membership required and water and sewer already on the property. This listing includes two parcels- 2105 Cove Lane (.4104 acres) and 2103 Cove Lane (.3488 acres).
Cable, Electric, Public Water, Other Sewer
Canal Width 121+, Intracoastal, No Fixed Bridges, Ocean Access
< 1/4 Acre, 1/2 to < 1 Acre, Cul-De-Sac, Paved Road, West of US-1
The Conservatory School at North Palm Beach
Howell L. Watkins Middle School
Douglas Elliman (Jupiter).
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Listing information last updated on September 27th, 2023 at 8:30pm EDT.