Multifamily Development Land
For Sale
$1,500,000
1617 Embassy Dr, West Palm Beach, FL 33401
Two contiguous multifamily-zoned parcels offer strong Embassy Drive frontage and preliminary concept support for low-rise residential.
Property SizeContact for details
Lot Size0.87 Acres
Days on Market188
Property Features for 1617 Embassy Dr
General Information
Standard status
Active
Lot size
0.87 Acres
Property subtype
Land
Zoning
MF32
Site & Location
Neighborhood
Presidential Estates Property Owners Association
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,565
Listing Agency:
Douglas Elliman
Listed By:
Lauren Mathews · License #3313755
(561) 629-3416
Source:
Elliman
Added: Apr 29
Changed: Nov 2
Last Checked: Apr 29 at 2:06PM
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
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Investment Insights
Based on property information with market context.
This offering includes two contiguous parcels totaling approximately 38,099± square feet within the established Lands of the President community in West Palm Beach. The property is zoned MF32 (Multifamily High Density) with potential for up to 32 dwelling units per acre, subject to site plan approval and verification. Preliminary concept studies indicate feasibility for a 3-story residential development of up to 28 units, with structured or surface parking.
The site has strong frontage along Embassy Drive and is positioned centrally near Banyan Cay redevelopment, Palm Beach Outlets, Downtown West Palm Beach, Brightline, and major employment corridors. Unlike raw land, the property description notes existing road access, utilities, and established surrounding infrastructure.
Development concepts are preliminary and for illustrative purposes only. Buyer is responsible for conducting due diligence regarding zoning, density, land use, site plan approval, subdivision covenants, HOA restrictions, utilities, and overall development feasibility, as the seller and broker make no representations or warranties regarding entitlement, permitted use, or maximum density.
The site has strong frontage along Embassy Drive and is positioned centrally near Banyan Cay redevelopment, Palm Beach Outlets, Downtown West Palm Beach, Brightline, and major employment corridors. Unlike raw land, the property description notes existing road access, utilities, and established surrounding infrastructure.
Development concepts are preliminary and for illustrative purposes only. Buyer is responsible for conducting due diligence regarding zoning, density, land use, site plan approval, subdivision covenants, HOA restrictions, utilities, and overall development feasibility, as the seller and broker make no representations or warranties regarding entitlement, permitted use, or maximum density.
Key Highlights
- Two contiguous parcels totaling approximately 38,099 ± SF (0.87 acres) in West Palm Beach’s Lands of the President community
- Zoned MF32 – Multifamily High Density (City of West Palm Beach), with potential up to 32 dwelling units per acre subject to site plan approval and verification
- Preliminary concept studies support a 3‑story residential development of up to 28 units with structured or surface parking (subject to approvals)
Property Analytics
Who owns this building?
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Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,572
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two contiguous multifamily-zoned parcels offer strong Embassy Drive frontage and preliminary concept support for low-rise residential.
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 West Palm Beach’s Lands of the President community; Zoned MF32 – Multifamily High Density (City of West Palm Beach), with potential up to 32 dwelling units per acre subject to site plan approval and verification; Preliminary concept studies support a 3‑story residential development of up to 28 units with structured or surface parking (subject to approvals)
