About this home
Exceptional Intracoastal Development Opportunity in Palm Beach Gardens** Rare opportunity to acquire just under one acre directly on the Intracoastal Waterway with more than 90 feet of waterfront, five boat slips and Multifamily Medium Density zoning. The offering consists of two parcels, 2030 Melody Lane (.53 acres) and 11213 Ellison Wilson Road (.3965 acres), totaling approximately .93 acres. The property currently includes seven residences consisting of a main waterfront residence, two detached cottages and two duplexes, offering existing income potential while a buyer explores future plans for the property. The possibilities extend well beyond the existing improvements. Create a private Intracoastal estate or waterfront compound, reposition the existing residences, or explore the property's multifamily redevelopment potential. For developers seeking a larger footprint, the adjacent waterfront property is also currently offered for sale, creating the potential to assemble approximately 1.65 acres with roughly 190 feet of Intracoastal frontage. An additional approximately quarter acre from another nearby owner may also be available separately, creating the potential for an even larger assemblage. With direct Intracoastal frontage, existing dockage, multifamily zoning and the possibility of assembling additional neighboring land, this is a unique opportunity to create a significant waterfront project in Palm Beach Gardens. All measurements, zoning, density, development potential, uses, additional land availability and governmental approvals are subject to independent verification by the buyer.
Listing last checked: Listing updated:
Listed by Carla Ann Christenson · One Sotheby's International Realty · MLS #B26064625
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Details at a glance
Interior3 property facts
- Heating
- Central
- Cooling
- Central Air
- Flooring
- Other
Building4 property facts
- Style
- Multi Family
- Year built
- 1943
- Parking
- 7
- Roof
- Other
Land & utilities3 property facts
- Water
- Public
- Sewer
- Septic Tank
- Zoning
- RM-Medium Dens
Financial2 property facts
- Annual taxes
- $73,066
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $11,500,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$64,239 / monthAdjust
- Principal & interest
- $58,150
- Property tax
- $6,089
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $73,066. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA 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.
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About 2030 MELODY Lane
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Request a tour of 2030 MELODY Lane and a Bean Group agent will help coordinate an available time with the listing side.
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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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