Overview
EXTRAORDINARY ONE-OF-A-KIND, TWO ACRE, DIRECT INTRACOASTAL ESTATE PROPERTY IN THE EXCLUSIVE TOWN OF GULF STREAM FLORIDA.
With 102 feet of Intracoastal Waterway frontage, this parcel was previously encumbered by multiple easements and title issues that effectively precluded redevelopment. The current owner has recently resolved all such prior easements and other encumbrances so that, for the first time since the 1940s, the parcel can now be redeveloped offering a truly unique opportunity to construct an irreplaceable 2-acre, direct intracoastal waterfront estate.
Located in the exclusive Town of Gulf Stream Florida, this property uniquely offers a private, gated enclave sufficient in size to build a true single family compound estate complete with a gated entry and nearly 1/4 of a mile private driveway from US-1 to the Intracoastal Waterway. Given the extremely rare large parcel size, under applicable zoning rules this property permits "as of right" construction of up to a 19,475 square foot home. Intensely private and secure, the only public exposure to this property is the Intracoastal Waterway. And from the waterfront, the property overlooks the exclusive Gulf Stream Golf Club with the privacy benefit of having no neighboring homes across the waterway. More, this gated estate property is situated within a larger, high end single family waterfront neighborhood offering the benefit of a community setting unlike other comparable more isolated larger pacels on the oceanfront, and greater proximity to dining, shopping and infrastructure. Finally, this property offers convenient nearby access to downtown Delray Beach just a short two mile golf cart ride to the South, Boca Raton just 5 miles to the South, and Lake Worth and Palm Beach just 10-15 minutes to the North.
THERE IS TRULY NOTHING LIKE THIS PROPERTY ON THE LOCAL SOUTH PALM BEACH COUNTY FLORIDA MARKET TODAY. This prime piece of real estate presents a extraordinarily unique opportunity for those looking to build their dream estate and invest in a luxurious lifestyle surrounded by nature, water views and premium dockage and for unrestricted deepwater boating in a premium Palm Beach, South Florida location.
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