5060 N Ocean Drive

Description:

Colliers is pleased to present the opportunity to acquire the Condado Development Site, an oceanfront development opportunity.
The Condado is an aging three story co-op built in 1966 comprising 13 units. The property features private beach access.
The Condado Site is approximately 1.115 acres, with 138 feet of frontage on the Atlantic Ocean located on Singer Island, directly north of Palm Beach Island. This site offers developers the opportunity to build a boutique, ultra-luxury, beachfront residential project to capitalize on the influx of wealth to Palm Beach County. The inplace RM-20 zoning allows for a maximum density of 20 units per acre on the site, a FAR of 1.30, and a maximum height of 200
feet.