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876 Forsyth Street, Boca Raton FL 33487

Commercial For Sale
$3,499,999

BTC: 44.78565579

ETH: 1,429.15434871

69 days
Waterfront
0 room(s)

Overview

Tucked away on a quiet cul-de-sac within Boca Keys, this premier deepwater homesite presents an exceptional opportunity to build a custom waterfront estate in one of Boca Raton's most coveted boating communities. This 9,932 sq. ft. parcel (approximately 90 ft. x 110 ft.) is cleared and ready for construction, with utilities available at the street for easy hookup. Zoned R-1-B (Single-Family Residential), the property is ideal for designing a custom 5,000+ sq. ft. luxury residence. Boasting approximately 90 feet of water frontage, a newly constructed seawall, and a substantial concrete dock capable of accommodating up to a 70-foot vessel, it is perfectly suited for those who appreciate life on the water. Situated with no fixed bridges and direct ocean access, enjoy effortless navigation to the Intracoastal Waterway in minutes and reach Lake Boca and the Boca Inlet in approximately five miles. Southeastern backyard exposure enhances the waterfront setting. Ideally located just four miles from downtown Boca Raton and moments from world-class dining, shopping, private aviation, pristine beaches, and premier golf and country clubs, this rare offering delivers the ultimate blend of luxury, privacy, convenience, and an unparalleled South Florida boating lifestyle. Some images have been virtually rendered or staged to illustrate the potential of a future custom residence.

Location

Details

Type:
Commercial Land
Parking:
No Data
Year Built:
No Data
Lot:
0.23 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,250,000
$317K – $3.8M
Confidence Low
List vs. estimate
$2.2M above estimate
List $3,499,999 · +180.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
27 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $1.0M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$34,048
2025
View
Canal, Intracoastal View
Waterfront
Intracoastal Front, Navigable Water
All facts and features
  • Property

    • Exterior Features: East Of Us1 / None

    Lot

    • Lot: 0.23 Acres

    Other Property Information

    • Parcel Number: 06434704060010020

    • Zoning: R1B (city)

  • Type and style

    • Property Type: Commercial Land

    • Property Sub Type: Agriculture

  • Utility

    • Cable Connected

    • Electricity Connected

    • Sewer Connected

    • Water Connected

    • Cable Available

    • Electricity Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $34,048

  • Source details

    • MLS ID: B26044550

    Other facts

    • Lot Features: Cul-De-Sac Location / Dirt / Less Than 1/4 Acre Lot / Cul-De-Sac / East Of US 1 / Less Than 1 Acre / Cleared Land / In Residential Area / Cleared

    • Direction Faces: North

    • Waterfront: Yes

    • Water Source: Public

    • Subdivision Name: Boca Keys

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: One Sotheby's International Realty