$18,500,000
North Palm Beach, FL 33408
MLS# R10868238
Status: Closed
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Property Description
Incredible development opportunity at Ellison Wilson just south of PGA Blvd. Over 2.4 Acres located directly adjacent to the new Ritz Carlton Residences Palm Beach Gardens. Property has more than 240 feet of waterfront along the intracoastal waterway. Structures on property subject to Demolition/Teardown.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2023-02-22
Status: Closed
Original List Price: 25000000
Sold Price: $18,500,000
Current Price: $18,500,000
LP/Acre: 10416666.67
Location and Legal
Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 11309
Street Name: Ellison Wilson
Street Suffix: Road
City Name: North Palm Beach
State Or Province: FL
Postal Code: 33408
Postal Zip: 33408
Subdivision Name: Ellison Wilson
Area: 5250
Geographic Area: PB28
Parcel Number: 00434205000005550
Zoning: RM
Directions: PGA Blvd east to Ellison Wilson, South on Ellison Wilson.
General Property Information
Property Sub Type: Unimproved Land
Lot Size Acres: 2.4
Lot Size Square Feet: 171374
Minimum Livable Area: 8719
Waterfront YN: 1
Direction Faces: West
LP/SqFt: 145.88
Status Change Information
Major Change Timestamp: 2023-10-03T16:08:56Z
Major Change Type: Status Change
Status Change Date: 2023-10-03
Under Contract Date: 2023-04-20
Close Date: 2023-10-02
Close Price: 18500000
Buyer Financing: Cash
SP/Acre: 7708333.33
Short Sale Details
Short Sale Addendum: No
Price Calculations
Current Price To SqFt: 2121.8
Original List Price To Close Price: 1.35
Financial Information
Tax Year: 2022
Tax Annual Amount: 7103.3
Tax Legal Description: 5-42-43, NLY 241.63 FT OF SLY 437.49 FT OF NE 1/4 OF SE 1/4 LYG E OF & ADJ TO INTRACOASTAL WATERWAY CANAL R/W (LESS E 33
Originating Details
Originating System Key: 20230221193631554538000000
Originating System ID: M00000170
Property Features
Current Use: Single Family
Development Status: Recorded Plat
Documents Available: Aerial
Location of Property: Other
Possession: Close Of Escrow
Possible Use: Single Family
Trees: Other
Utilities: Electricity Available; Water Available
Vegetation: Other
Listing Terms: Cash
Lot Features: Home
Road Responsibility: Public Maintained Road
Water Source: Public
Water View: Intracoastal
Waterfront Features: Intracoastal
Showing Requirements: Call Listing Agent
Contingencies: None
Acreage Description: 2 To Less Than 3 Acre Lot
Listing Office: Sotheby's Intl. Realty, Inc.
Last Updated: June - 13 - 2026
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