For Sale
$5,900,000

5375 Pne Bay CirWest Palm Beach, FL 33415

Luxury Multifamily Project, 86 Units

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a planned multifamily development in West Palm Beach, Florida. Located on a 5.67-acre parcel at 5375 Pine Bay Cir, West Palm Beach, FL 33415, this project boasts an approved site plan from Palm Beach County for the construction of 86 luxurious apartment units. The development comprises 62 two-bedroom, two-bathroom units (1,070 sq ft each) and 24 three-bedroom, two-bathroom units (1,410 sq ft each), all within six two-story buildings. All three-bedroom units feature private balconies. Five buildings will house 16 units each, while one building will contain 6 units. Amenities include a 1,200 sq ft clubhouse and ample parking with 199 spaces provided. The asking price for this prime development opportunity is $5,900,000. This project offers a unique chance to capitalize on the strong demand for high-quality multifamily housing in a thriving Florida market. The detailed site plan ensures a smooth and efficient construction process, minimizing potential delays and maximizing return on investment. This is a turnkey opportunity for an investor seeking a high-yield, luxury apartment complex in a desirable location. The property's strategic location in West Palm Beach offers convenient access to major roadways, shopping, dining, and entertainment. This development is poised to deliver significant returns for the discerning investor.

Highlights

  • Approved site plan for 86-unit luxury multifamily development in West Palm Beach, FL.
  • 5.67-acre parcel at 5375 Pine Bay Cir, West Palm Beach, FL 33415.
  • Unit mix: 62 two-bedroom/two-bathroom (1,070 sq ft) and 24 three-bedroom/two-bathroom (1,410 sq ft) units.
  • Six two-story buildings with amenities including a 1,200 sq ft clubhouse and 199 parking spaces.
  • Asking price: $5,900,000.

Property Details for 5375 Pne Bay Cir

Property type
Specialty properties

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.6438177
Longitude
-80.1217329
5375 Pne Bay Cir, West Palm Beach, Florida

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5375 Pne Bay Cir
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