5060 N Ocean Dr Riviera Beach, FL

Listing Agency Colliers | Miami Show Phone

Listed by Bastian Schauer · License #FL3601446 Show Phone

Source Moodyscre

Added: Sep 8, 2025 Checked: Jul 17 at 3:42 am

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Investment Insights

Based on property information with market context.

This 1.115-acre oceanfront development site, known as the Condado Development Site, is located at 5060 N. Ocean Drive in Riviera Beach, Palm Beach County, Florida. Situated on Singer Island, directly north of Palm Beach Island, the site features 138 feet of frontage on the Atlantic Ocean and private beach access. The property currently houses an aging three-story co-op building constructed in 1966, comprising 13 units. The existing RM-20 zoning allows for a maximum density of 20 units per acre, a Floor Area Ratio (FAR) of 1.30, and a maximum building height of 200 feet. This site presents an opportunity to construct a boutique, ultra-luxury, beachfront residential project.

Key Highlights

• 1.115‑acre oceanfront development site on Singer Island with 138 feet of Atlantic Ocean frontage.
• RM‑20 zoning allows for high‑density development: up to 20 units per acre, 1.30 FAR, and a maximum height of 200 feet.
• Opportunity to build a boutique, ultra‑luxury, beachfront residential project.

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FAQs

What type of property is this?

Land - 1.115-acre oceanfront development site with potential for luxury residential project.

Where is this land located?

The property is located at 5060 N Ocean Dr Riviera Beach, FL.

What is the asking price?

The asking price for this property is $18,000,000.

What are key features of this property?

This property features: 1.115‑acre oceanfront development site on Singer Island with **138 feet of Atlantic Ocean frontage**.; RM‑20 zoning allows for **high‑density development**: up to 20 units per acre, 1.30 FAR, and a maximum height of 200 feet.; Opportunity to build a **boutique, ultra‑luxury, beachfront residential project**.