Overview
EXTRAORDINARY TWO ACRE ESTATE PROPERTY, 102 FEET DIRECT INTRACOASTAL IN THE EXCLUSIVE TOWN OF GULF STREAM
This parcel was, until recently, encumbered by multiple easements and title issues that effectively precluded redevelopment. The current owner recently resolved all such easements and other encumbrances, cleared the site, installed new water mains and has applied for permits for a new seawall and dock. Now ready to build, this property offers a unique opportunity to build an irreplaceable, 2-acre, direct intracoastal waterfront compound estate.
Given the extraordinarily large parcel, the Town of Gulf Stream municode permits "as of right" construction of up to a 19,475 square foot single family residence. With a private gated entry and nearly 1/4 of a mile private driveway from US-1 to the Intracoastal Waterway, the only public exposure to this property is the ICW which overlooks the exclusive Gulf Stream Golf Club. Located within a high end single family waterfront neighborhood West of the ICW, this property uniquely offers the benefit of a true estate property situated within a community setting and with close proximity to dining, shopping and infrastructure including downtown Delray Beach just two miles South, Boca Raton just 5 miles to the South, and Palm Beach just a15 minute drive to the North.
THERE IS TRULY NOTHING LIKE THIS PROPERTY IN SOUTH FLORIDA ON THE 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 unrestricted deepwater ICW dockage in a premium Palm Beach, South Florida location.
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