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Property Listing

6311 Lake Avenue, West Palm Beach, FL 33405

$675,000

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Property Overview

Amazing development opportunity in the south end of West Palm Beach! 6311 and 6301 Lake Avenue allow a builder to potentially build two new homes side by side in a popular established neighborhood less than 1 mile to the waterfront and near popular local attractions like The Park Golf Center, the Cox Science Center and the Palm Beach Zoo. Currently one large parcel at the corner of Lake Avenue and Nathan Hale Road, the plan would be to demo the current structure and divide the property into two buildable parcels approximately 67.5' x 100' each to create two new homes. Each side is available for $675,000 and one can benefit from the economies of scale by building two homes at once. 6311 Lake Avenue is the proposed address for the south side lot after the division. The Dreher Park neighborhood is close to everything - less than a mile to the fun shops of South Dixie Highway and delicious restaurants like Café Med, Don Ramon, Sushi Jo, La Sirena and Aioli. You are less than a mile from the recently renovated public golf course named The Park with driving range, putting greens, and new clubhouse with restaurants overlooking the fairways. You are quite close to the long waterfront promenade that runs along Flagler Drive perfect for exercise or walking the dog. There is a pocket park at the end of the street and then to the west the expansive Dreher Park with miles of treed walking trails and lakes. You are near South Olive Tennis Center and also Phipps Park home to little league baseball, pickleball and a skate park. And you are just a quick drive to the beach, the airport, or downtown West Palm and Clematis Street and CityPlace. This opportunity is perfect for a developer who is ready to purchase this land and build two new homes in an area popular with buyers near everywhere you want to be in West Palm. 6311 and 6301 Lake Avenue are only available together as a package deal priced at $675,000 each and the buyer would be responsible for the demo and the lot split. Call today as the opportunity to build two homes side by side does not come along every day.

Features & Details

MLS IDB26004523
Statusactive
Property Typeland
CityWest Palm Beach
Neighborhoodparker-ridge
Building
HOA Fee
Lot Size6,750 SF

Location

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Mortgage Calculator

Estimate monthly payments and basic cash flow for 6311 Lake Avenue, West Palm Beach, FL 33405.

Estimated Monthly Payment

$4,677

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Cash Flow Analysis

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$3,502

Total Monthly Payment

$4,677

Cash Flow

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Listing Information

MLS ID: B26004523

Listing Office: Kiely Real Estate, LLC

Listing Agent: Jefferson Kiely

Source: BeachesMLS

Last Updated: Pending live MLS feed

Listing information is provided for consumer informational purposes only. Data will be updated with required MLS attribution, broker attribution, source disclosure, and accuracy disclaimers once the live IDX/MLS feed is connected.

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