Efficient Layout Potential: The site’s rectangular configuration with dual frontage along 81st Avenue and 3rd Place S supports a clean and functional layout for a 7-lot single-family residential development. Each lot is expected to average over 30,000 square feet, offering generous space for upscale homes.
Infrastructure Ready: Existing streets and water lines are already in place, streamlining the development process and reducing upfront costs.
Prime Residential Setting: Located in a well-established and desirable neighborhood, the area is surrounded by successful residential communities, including several with homes valued at over $1,000,000.
Secluded Yet Connected: The property offers a private, tranquil atmosphere while maintaining excellent connectivity to major routes including the Florida Turnpike, I-95, and key destinations like downtown West Palm Beach and Wellington’s commercial hub.
Top-Rated School Access: Within easy walking distance to Everglades Elementary School, an A-rated and highly sought-after institution, adding strong appeal for families.
This prime 5.1-acre site is located at the southwest corner of 3rd Place S and 81st Avenue, just east of Marginal Road and approximately half a mile south of Southern Boulevard. Situated in unincorporated Palm Beach County, the property offers convenient access to major transportation routes while maintaining a quiet, residential setting.
A conceptual layout with all lots fronting 81st Avenue supports a yield of 7 residential lots, aligning with the existing subdivision directly across the street.
Director Investments
Tel: (954) 245-3503
FL SL 3552519
ethan.krauss@marcusmillichap.com
North Broward & Palm Beach Counties
Senior Managing Director Investments
Senior Director, National Multi Housing Group
Fort Lauderdale Office
Tel: (954) 245-3492
License: SL FL 3174354
joseph.thomas@marcusmillichap.com
Senior Director Investments
Fort Lauderdale Office
Tel: (954) 245-3518
License: FL SL 3143588
aaron.o'connor@marcusmillichap.com
Land / Redevelopment
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