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Bean Group
Offered at $1,500,000Active
beds
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baths
0
sq ft
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Built
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1617 Embassy Drive

West Palm Beach, FL 33401

About this home

An exceptional opportunity to acquire two contiguous parcels totaling approximately 38,099 ± square feet (0.87 acres) within the established Lands of the President community in West Palm Beach. Zoned MF32 - Multifamily High Density (City of West Palm Beach), the site presents potential for up to 32 dwelling units per acre, subject to site plan approval and verification. Preliminary concept studies illustrate the feasibility for a 3-story residential development of up to 28 units with structured or surface parking. The property offers strong frontage along Embassy Drive and is centrally located near Banyan Cay redevelopment, Palm Beach Outlets, Downtown West Palm Beach, Brightline, and major employment corridors. Unlike raw land, this infill site benefits from existing road access, utilities, and established surrounding infrastructure. Ideal for a boutique multifamily concept, luxury villa product, or creative low-rise residential development, subject to approvals. Opportunities of this scale within Lands of the President and surrounding area are extremely limited. Full package upon in docs section or upon request. All development concepts are preliminary and for illustrative purposes only. Buyer is solely responsible for conducting its own due diligence regarding zoning, density, land use, site plan approval, subdivision covenants, HOA restrictions, utilities, and development feasibility. Seller and Broker make no representations or warranties regarding entitlement, permitted use, or maximum density. Any development potential referenced is subject to municipal approvals and private governing documents.

Listing last checked: Listing updated:

Listed by Lauren Nicole Mathews, Alexis King · Douglas Elliman · MLS #R11163572

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Details at a glance

Building1 property facts
Style
Unimproved Land
Land & utilities2 property facts
Lot size
0.87 acres
Zoning
MF32(c
Financial2 property facts
Annual taxes
$7,565
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $1,500,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$8,215 / monthAdjust
Principal & interest
$7,585
Property tax
$630
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $7,565. 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.

More property insights

Comparable properties 3 supplied

Sold Jul 27, 2026

$1,350,000

3139 Lake Shore Drive

Sold Jul 17, 2026

$1,425,000

8839 155th Street S

Sold Jul 16, 2026

$1,575,000

498 NE 14th Street

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About 1617 Embassy Drive

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