5060 North Ocean Drive

Riviera Beach, FL 33404

$18,000,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Colliers is pleased to present the opportunity to acquire the Condado Development Site, an oceanfront development opportunity. The Condado is an aging three story co-op built in 1966 comprising 13 units. The property features private beach access. The Condado Site is approximately 1.115 acres, with 138 feet of frontage on the Atlantic Ocean located on Singer Island, directly north of Palm Beach Island. This site offers developers the opportunity to build a boutique, ultra-luxury, beachfront residential...Colliers is pleased to present the opportunity to acquire the Condado Development Site, an oceanfront development opportunity. The Condado is an aging three story co-op built in 1966 comprising 13 units. The property features private beach access. The Condado Site is approximately 1.115 acres, with 138 feet of frontage on the Atlantic Ocean located on Singer Island, directly north of Palm Beach Island. This site offers developers the opportunity to build a boutique, ultra-luxury, beachfront residential project to capitalize on the influx of wealth to Palm Beach County. The inplace RM-20 zoning allows for a maximum density of 20 units per acre on the site, a FAR of 1.30, and a maximum height of 200feet.
  1. Listed by Cliff Glansen • FlatFee.com

Property Details for 5060 North Ocean Drive

Subdivision
CONDADO INC
Waterfront
Yes
Waterfront Details
Ocean Front
LISTING UPDATED: 11/07/2024 02:00 AM

Property Details for 5060 North Ocean Drive

StatusActive
MLS #RX-11034811
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industry / MultiFamily (5+ Units)
Year Built1966
Lot Size-
CountyPalm Beach County

Building

CONDADO INC

13 Units2 StoriesBuilt in 1966

Building Information for 5060 North Ocean Drive

Stories2Residences13Year Built1966Building Size-Lot Size-

Property Information for 5060 North Ocean Drive

Summary
Location and General Information
  • Directions: Go East on Blue Heron Blvd in Riviera Beach to N Ocean Dr.
  • Geo Area: Palm Beach 4110; 4120
  • Street Number: 5060
  • Subdivision Complex Bldg: CONDADO INC
  • Municipal Code: Riviera Beach
  • State: FL
  • City Postal ID: 33404
  • MLS Area: 4110
  • MLS Sub Area: PB11
Taxes and HOA Information
  • Tax Year: 2023
Property
Lot Information
  • Area: 4110
  • Parcel ID: 56434222270000000
  • Property Group ID: 19990816212135227274000000
  • Square Ft Source: Tax Rolls
  • Zoning: RM-20(
Property and Assessments
  • Acres: 1.11
  • For Sale: Yes
  • Legal Desc: CONDADO INC COMMON AREA A/K/A 22-42-43, TH PT OF N 135 FT OF S 2999.80FT OF GOV LT 1 LYG E OF SR 703 (LESS WLY 273 FT IN
  • Legal Description: CONDADO INC COMMON AREA A/K/A 22-42-43, TH PT OF N 135 FT OF S 2999.80FT OF GOV LT 1 LYG E OF SR 703 (LESS WLY 273 FT IN
Utilities
  • Utilities: Electric
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction
Interior Features
  • Roof: Other
  • Cooling: Central
  • Flooring: Tile
  • Heating: Central
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Tenant Pays: None

Property History for 5060 North Ocean Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5060 North Ocean Drive

Taxable ValueLand-Additions-Total-
Home Facts
Beds0StyleCooperativeYear Built1966CountyPALM BEACHAPN56-43-42-22-27-000-0000

Schools near 5060 North Ocean Drive

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicPK to 5

John F. Kennedy Middle School
Public6 to 8

William T. Dwyer High School
Public9 to 12

Inlet Grove Community High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5060 North Ocean Drive is a multi-family home for sale in Riviera Beach, FL 33404. This property was listed for sale on November 6, 2024 by FlatFee.com, it's currently listed at $18,000,000. This listing's school district is Palm Beach. Nearby schools include Lincoln Elementary School, John F. Kennedy Middle School and William T. Dwyer High School. 5060 North Ocean Drive is a 0-bed, 0-bath, multi-family home built in 1966.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of FlatFee.com

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.