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Property profile & analytics
OFF-MARKET
Estimated value
$61,740,000
Golf courses & driving ranges
1731 Embassy Dr West Palm Beach, FL 33401-1903
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5541205
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
GOLF COURSE
Year built
1993
Total area
12,240 SF
Lot
121.06 ac (5,273,291 SF)
Zoning code
CON
APN
74-43-43-17-07-000-0260
UPID
US18-5541205
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$61.74M
Owner & transaction history
Usrec Banyan Cay Resort & Golf LLC · 2 yrs held
Usrec Banyan Cay Resort & Golf LLC
since 2023
Last sale
$60.3M
7 recorded transactions
Zoning & alternative use
CON · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ment standards. Sec. 94-202. - Community service (CS) district. Sec. 94-203. - Community service planned development (CSPD) district. Sec. 94-204. - Recreation and open space (ROS) district. Sec. 94-205. - Conservation (CON) district. Sec. 94-206. - Planned community (PC) district. Sec. 94-207. - Planned development (PD) district. Sec. 94-208. - Utility (UT)…
Zone name
Conservation
General category
OPEN_SPACE
Zone area
17,587.44 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Palm Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$64,715,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$61.74M
Range $55.57M – $67.91M · ±10% · vs last sale $60.25M (Sep 6 2023)
Last sale anchor
$60.25M
Sep 6 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$5,044 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$56,043
Tax year 2023
Assessed value
$3,631,743
Assessed 2023
Previous assessed
$3,631,743
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$3,631,743
Land market value
$3,631,743
Total market value
$3,631,743
Applied tax rate
74,407.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Golf courses & driving ranges
Use group
GOLF COURSE
Status
Off-Market
Year built
1993
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
116
Total area
12,240 SF
Lot
121.06 ac (5,273,291 SF)
Zoning code
CON
APN
74-43-43-17-07-000-0260
UPID
US18-5541205
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CON · West Palm Beach, FLZoning CON · permitted uses
CON · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ment standards. Sec. 94-202. - Community service (CS) district. Sec. 94-203. - Community service planned development (CSPD) district. Sec. 94-204. - Recreation and open space (ROS) district. Sec. 94-205. - Conservation (CON) district. Sec. 94-206. - Planned community (PC) district. Sec. 94-207. - Planned development (PD) district. Sec. 94-208. - Utility (UT) district. Sec. 94-209. - Mixed-use (MU) district. Garden wall Missing Middle Housi
Zone name
Conservation
General category
OPEN_SPACE
Zone area
17,587.44 ac
Building & site characteristics
From public records
Year built
1993
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
116
Lot
121.06 ac
Current owner
From public records · entity-resolved
Usrec Banyan Cay Resort & Golf LLC
Entity
Mailing address
507 S DOUGLAS ST FL, EL SEGUNDO, CA 90245-4810
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2023
—
Usrec Banyan Cay Resort & Golf LLC
Banyan Cay Resort And Golf LLC
Correction Deed
related
—
Sep 6, 2023
$60,250,430
Usrec Banyan Cay Resort & Golf LLC
Banyan Cay Resort And Golf LLC
Warranty Deed
—
Jun 1, 2023
—
Banyan Cay Resort & Golf LLC
—
Deed
related
$3,800,000 · U S Real Estate Credit Holdings III A LP
Oct 16, 2020
—
Banyan Cay Resort & Golf LLC
—
Deed
related
$61,000,000 · Us R/e Credit Hldgs III-a LP
Jun 18, 2018
$8,315,355
Banyan Cay Resort & Golf LLC
Bc Dev LLC
Grant Deed
—
Jun 18, 2018
—
Banyan Cay Resort & Golf LLC
—
Loan Modification, Consolidation And Extension
related
$61,000,000 · Us R/e Credit Hldgs III-a LP
Jan 3, 2018
—
Banyan Cay Dev LLC
—
Loan Modification
related
$12,450,000 · Bi 20 LLC
Jul 29, 2016
—
Banyan Cay Dev LLC
—
Deed
related
$13,000,000 · Palm Tree Golf Management LLC
Aug 25, 2015
$26,000,000
Banyan Cay Dev LLC
Palm Tree Golf Management LLC
Warranty Deed
$14,000,000 · Palm Tree Golf Management LLC
Jul 20, 2011
$11,000,000
Palm Tree Golf Management LLC
President Country Club INC
Warranty Deed
—
Jul 20, 2011
—
President Country Club INC
—
Deed Of Trust
related
$11,500,000 · Regent Bank
Feb 10, 2010
—
President Country Club INC
—
Deed Of Trust
related
$1,000,000 · Regent Bank
Jun 3, 2009
—
President Country Club INC
—
Deed Of Trust
related
$2,000,000 · Tpcc Fndg LLC
—
—
Petrana Haller
—
Deed Of Trust
related
$25,000 · First Bank Florida
—
—
Banyan Cay Resort & Golf LLC
—
Loan Modification
related
$61,000,000 · Us R/e Credit Hldgs III-a LP
—
—
President Country Club INC
—
Deed Of Trust
related
$2,500,000 · Regent Bank
—
—
President Country Club INC
—
Deed Of Trust
related
$2,200,000 · Regent Bank
—
—
Palm Tree Golf Corp INC
—
Loan Modification
related
$8,225,000 · Regent Bank
—
—
President Country Club INC
—
Deed Of Trust
related
$500,000 · Regent Bank
—
—
Banyan Cay Dev LLC
—
Loan Modification
related
$13,000,000 · Palm Tree Golf Management LLC
—
—
President Country Club INC
—
Deed Of Trust
related
$3,000,000 · Regent Bank
—
—
Palm Tree Golf Corp INC
—
Loan Modification
related
$8,225,000 · Independent Bankers Bank Fl
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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