North Palm Beach FL 7500+ Sq. Ft. Real Estate, Homes, Condos for Sale

$3,995,000

B26035280 MLS ⋅ North Palm Beach Village BLDG.

Presenting one of the most unique multifamily properties in all of Palm Beach County, welcome to Cutler's Cove in North Palm Beach. This waterfront, twelve (12) unit apartment complex is 100% leased with virtually zero turnover in the last five years is the cash cow you have been waiting for! Cutler's Cove has a diverse unit mix consisting of five (5) one bedroom units, five (5) two bedroom units, one (1) three bedroom unit, and a studio apartment with a GLA of approximately 11,040 SF and an average of 829 SF per unit. Additionally, this property is also situated on an enormous cove with 210' of linear water-frontage, providing tenants beautiful waterfront views that demand a premium. This water-frontage gives any value-add investor the rare ability install a large dock capable of accommodating several boat slips, which will undoubtedly produce additional rental income. With just one fixed bridge (with a maximum height clearance of 17') before hitting the intracoastal waterway, this is truly one of the most unique value-add opportunities in South Florida's multifamily market. All twelve (12) units were renovated after the current owner purchased the property and every unit has ceramic tile floors, durable millwork throughout, and granite countertops in both the kitchen and bathrooms. Each unit also has its own private, waterfront balcony with beautiful views at any time of the day. other building amenities include complete hurricane impact windows & doors, two staircases on either side of the building, and most importantly, a top of the line elevator for tenants unable to utilize stairs. The exterior of the building was painted within the last twelve months and the asphalt parking lot was redone and re-striped at the same time. Currently, the gross monthly income is approximately $20,500 which gives an average for all twelve units of only $1.85 PSF and is far below current market rates in the area. In addition, all twelve units are on month-to-month leases, which gives any investor the ability to raise rents immediately after the acquisition. When comparing the average rent per unit at the subject property ($1,705/month) to the Palm Beach County average ($2,530/month), it is clear to see that there is a massive opportunity for growth here with this asset. For the conservative investors, bumping the average rent to an affordable rate of $2,000/month (20% below county average) per unit would still generate a 17% increase to the monthly gross income without spending a dollar and would take the annual income from $245,460 to $288,000 overnight. Opportunities like this do not last long!

628 Southwind Circle, North Palm Beach

$7,290,000

7 Beds ⋅ 8 Baths ⋅ R11165505 MLS

Built for the serious boater and designed for multi generational living. Completed in 2023 and lightly used as a seasonal residence, this nearly 8,000 square foot waterfront estate offers approximately 80 feet of deep water frontage in a protected basin with no fixed bridges and quick access to the Palm Beach Inlet and Atlantic Ocean. The flexible floor plan features dual primary suites, one on each level, private elevator, dual laundry rooms, walls of impact glass, covered outdoor living, professional summer kitchen, infinity edge saltwater pool, fire spa and Thermador chef's kitchen with quartzite countertops. A rare opportunity for buyers seeking next to new construction, exceptional boating infrastructure and flexible living designed to accommodate family and guests for years to come. MORE THAN A WATERFRONT HOME. A WAY OF LIFE. Completed in 2023 and lightly occupied as a seasonal residence, 736 Lagoon Drive delivers something that's becoming increasingly difficult to find: a modern custom waterfront estate that combines nearly 8,000 square feet of thoughtfully designed living space with boating infrastructure that serious boaters immediately recognize. The home was designed for the way families live today. Dual primary suites, one on each level, a private elevator, dual laundry rooms and expansive indoor and outdoor living spaces create the flexibility to comfortably accommodate children, grandchildren and long-term guests without anyone feeling crowded. Whether it's Thanksgiving with the family or a month-long winter visit, the home was built to bring people together while still giving everyone their own space. THE WATER BEHIND THE HOME IS JUST AS IMPORTANT AS THE HOME ITSELF Approximately 80 feet of waterfront sits on an exceptionally wide protected basin measuring approximately 226 feet across. Just a short idle run from the dock is a large turning basin before entering the main canal leading directly to the Intracoastal Waterway. For experienced boaters, that's a major advantage. The extra width makes maneuvering larger boats easier. The nearby turning basin gives captains room to comfortably position the vessel before heading out or returning home. Add no fixed bridges, dual pilings and quick access to the Palm Beach Inlet, and you've got boating infrastructure that's difficult to improve upon. You can renovate a house. You can't widen the canal behind it. LIVE WHERE PEOPLE VACATION North Palm Beach has always felt different from the rest of Palm Beach County. While you're minutes from Palm Beach, Jupiter and Palm Beach International Airport, once you're inside the Village it feels like a small waterfront town instead of a county of more than 1.6 million residents. Residents regularly use golf carts and neighborhood electric vehicles to visit friends, head to the North Palm Beach Country Club, grab lunch or enjoy an evening by the water. The Village is centered around the Jack Nicklaus Signature municipal golf course, one of the area's most respected public courses, along with a clubhouse, tennis facilities and community amenities that give the neighborhood a true hometown feel. Life on the water becomes part of your everyday routine. Cruise to waterfront restaurants like Sailfish Marina for dinner, spend the afternoon around Peanut Island, anchor in the shallow sandbars, paddleboard, fish the Intracoastal, or make a quick run through the Palm Beach Inlet for some of South Florida's best offshore fishing. From sailfish and mahi offshore to snook and tarpon inshore, this is one of Florida's premier boating and fishing destinations. Peanut Island itself offers protected swimming areas, picnic facilities, overnight camping by reservation, walking trails and the historic Kennedy Bunker, making it one of the Palm Beaches' most unique waterfront destinations. Owning a home like this also means your boat stays in your backyard instead of at a marina. When the weather is perfect, you untie the lines and go. No drive to the marina. No waiting on dock staff. No planning your day around where your boat is stored. BUILT FOR TODAY. POSITIONED FOR TOMORROW. Completed in 2023, the home offers the advantages buyers expect from modern construction including impact glass, smart home technology, Thermador appliances, quartzite finishes, a professional summer kitchen, infinity edge saltwater pool with fire spa and a lift-ready 4.5-car garage. Since this home was designed and built, the Village of North Palm Beach has adopted more restrictive residential massing standards for newly constructed homes. While buyers should verify current regulations with the Village, homes offering this combination of size, layout and functionality on a comparable waterfront homesite may be more difficult to recreate under today's development standards. 736 Lagoon Drive is more than a luxury waterfront residence. It's a home built for people who want to spend less time planning the waterfront lifestyle and more time living it.

736 Lagoon Drive, North Palm Beach

7500+ Sq. Ft. North Palm Beach Real Estate

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7500+ Sq. Ft. North Palm Beach Real Estate