5375 Pne Bay CirWest Palm Beach, FL 33415

Property Details for 5375 Pne Bay Cir

Property type

Specialty properties

Property subtype

Other specialty properties

Description

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.

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.6438

Longitude

-80.1217

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