1023 Russell DriveHighland Beach, FL 33487MLS Number RX-10843892

  • Price: $3,850,000
  • Est. Mortgage of $/month
  • 95 Days on Market
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Federal 30-year interest rate: 6.09% last updated on Feb 2, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
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  • 0.25Acreage
  • 11,000Square Feet
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. This is a 3 unit Property with 7 bedrooms and 7 baths. All 3 units and HOA convey.
Listing by Atlantic Waterfront Properties

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More Info

Basic Information

  • MLS StatusActive

Property

  • Acreage0.25
  • Lot Description< 1/4 Acre, East of US-1, Paved Road
  • Square Feet11,000
  • Property TypeLand/Docks
  • Property View DescriptionCanal, Intracoastal, Pool
  • Property SubTypeCommercial Land

Amenities

  • Other AmenitiesWaterfront

Other

  • Virtual TourView Tour
  • ImprovementsHome, Street Light
  • Hoa FrequencyMonthly
  • View Count10

Basic Information

  • List Price$3,850,000
  • MLS NumberRX-10843892
  • Broker NameAtlantic Waterfront Properties
  • Co Listing Office Id276663115
  • Co Listing Office NameAtlantic Waterfront Properties

Interior

  • Additional FeaturesBeach Area, City, Other

Utilities

  • UtilitiesCable, Electric, Irrigated Water, Municipal Sewer, Phone Line, Public Water
  • Utilities Available
    • Cable
    • Electric
    • Municipal Sewer
    • Phone Line
    • Public Water
    • Trash Removal

Location

  • High SchoolBoca Raton Community High School
  • Junior HighBoca Raton Community Middle School
  • Elementary SchoolJ. C. Mitchell Elementary School
  • Middle SchoolBoca Raton Community Middle School
  • Address1023 Russell Drive
  • TownHighland Beach
  • CountyPalm Beach
  • Zip33487
  • StateFL

Water Body

  • Waterfront100
  • Waterfront1
  • Water FeaturesCanal Width 121+, Intracoastal, Navigable, No Fixed Bridges, Ocean Access, Seawall
  • Water ViewY

 All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2023 BeachesMLS, Inc. 

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