Multifamily Development Land
For Sale
$1,500,000
1617 Embassy Dr, West Palm Beach, FL 33401
Two contiguous multifamily-zoned parcels with Embassy Drive frontage, suitable for a low-rise residential concept subject to approvals.
Property Size38,099 SF
Lot Size0.87 Acres
Price / SF$39.37
Days on Market74
Property Features for 1617 Embassy Dr
General Information
Standard status
Active
Size
38,099 SF
Lot size
0.87 Acres
Property subtype
Commercial
Zoning
MF32
Site & Location
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,565
Listing Agency:
Douglas Elliman
(561) 629-3416
Listed By:
Lauren Nicole Mathews · License #3313755
(561) 629-3416
Source:
Elliman
Added: Jun 15
Changed: Aug 8
Last Checked: Jul 16 at 7:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman
Investment Insights
Based on property information with market context.
This offering includes two contiguous parcels totaling approximately 0.87 acres within the established Lands of the President community. The property is zoned MF32 - Multifamily High Density (City of West Palm Beach). Preliminary concept studies indicate feasibility for a 3-story residential development with up to 28 units, along with structured or surface parking, subject to site plan approval and verification.
The site provides strong frontage along Embassy Drive and is described as centrally located near Banyan Cay redevelopment, Palm Beach Outlets, Downtown West Palm Beach, Brightline, and major employment corridors. The remarks also note that, unlike raw land, the property benefits from existing road access, utilities, and surrounding infrastructure.
For buyers seeking an infill site for a boutique multifamily or low-rise residential development, this property offers a workable starting point with existing access and utilities, while recognizing that development concepts are preliminary and illustrative only. Any potential uses, density, and outcomes are subject to municipal approvals and any applicable subdivision covenants, HOA restrictions, utilities, and due diligence. The seller and broker make no representations or warranties regarding entitlement, permitted use, or maximum density, and buyers should independently verify all zoning and feasibility assumptions.
The site provides strong frontage along Embassy Drive and is described as centrally located near Banyan Cay redevelopment, Palm Beach Outlets, Downtown West Palm Beach, Brightline, and major employment corridors. The remarks also note that, unlike raw land, the property benefits from existing road access, utilities, and surrounding infrastructure.
For buyers seeking an infill site for a boutique multifamily or low-rise residential development, this property offers a workable starting point with existing access and utilities, while recognizing that development concepts are preliminary and illustrative only. Any potential uses, density, and outcomes are subject to municipal approvals and any applicable subdivision covenants, HOA restrictions, utilities, and due diligence. The seller and broker make no representations or warranties regarding entitlement, permitted use, or maximum density, and buyers should independently verify all zoning and feasibility assumptions.
Key Highlights
- Two contiguous parcels totaling approximately 38,099 ± SF (0.87 acres) in the Lands of the President community in West Palm Beach
- Zoned MF32 – Multifamily High Density (City of West Palm Beach) with potential for up to 32 dwelling units per acre, subject to site plan approval
- Preliminary concept studies indicate feasibility for a 3‑story residential development of up to 28 units with structured or surface parking
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,572
Businesses Nearby
Explore this area
Business Placement
Demographics for 33401, FL
31,302
Population
19,051
Households
1.6
Avg Household Size
40
Median Age
42%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
6,138
Density / Sq Mi
$60,942
Median Household Income
$39,932
Median Earnings
$1,774
Median Rent
$430,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two contiguous multifamily-zoned parcels with Embassy Drive frontage, suitable for a low-rise residential concept subject to approvals.
Where is this residential land & home lot located?
The property is located at 1617 Embassy Dr West Palm Beach, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two contiguous parcels totaling approximately 38,099 ± SF (0.87 acres) in the Lands of the President community in West Palm Beach; Zoned MF32 – Multifamily High Density (City of West Palm Beach) with potential for up to 32 dwelling units per acre, subject to site plan approval; Preliminary concept studies indicate feasibility for a 3‑story residential development of up to 28 units with structured or surface parking
