About this home
RARE DEVELOPMENT OPPORTUNITY EAST OF A1A! Discover a hidden beachside gem approximately 500 feet from the beach with exceptional investment potential. Currently zoned multifamily and already approved for a two-lot split, this property offers a unique double-lot opportunity in a highly desirable coastal location. Architectural permit drawing sets are already in place for two single-family homes, and public sewer plans have been approved. Much of the legwork has already been completed, saving valuable time and expense. Build two coastal homes, develop and sell, or create a long-term investment. Bring your vision and take advantage of this rare beach opportunity. Current structure has 2022 roof, 2023 impact windows/doors and 2023 renovation. Lots may be sold separately. architectural renderings are for illustrative purposes only.
Listing last checked: Listing updated:
Listed by Alexander Pontillo · Division Real Estate Group LLC · MLS #B26085464
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Details at a glance
Interior4 property facts
- Rooms
- 3
- Heating
- Central
- Cooling
- Central Air, Ceiling Fan(s), Electric
- Flooring
- Ceramic Tile, Terrazzo, Tile
Building5 property facts
- Style
- Single Family Residence
- Year built
- 1989
- Parking
- 6
- Foundation
- Slab
- Roof
- Flat, Tile
Land & utilities4 property facts
- Lot size
- 0.16 acres
- Water
- Public
- Sewer
- Septic Tank
- Zoning
- RH
Financial3 property facts
- Annual taxes
- $21,392
- Assessment year
- 2025
- HOA fee
- $0 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $2,700,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$15,435 / monthAdjust
- Principal & interest
- $13,653
- Property tax
- $1,783
- Insurance
- Not entered
- HOA
- $0
Listing annual taxes: $21,392. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- Sld
$1,250,000 · Sold $1,100,000 · Jun 10, 2024
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About 1 Kenmore Lane
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Request a tour of 1 Kenmore Lane and a Bean Group agent will help coordinate an available time with the listing side.
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