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1617 Embassy Drive, West Palm Beach FL 33401

Commercial For Sale
$1,500,000

BTC: 18.04185711

ETH: 566.03773585

-$250K (2026/04/20)
225 days
0 room(s)

Overview

An exceptional opportunity to acquire two contiguous parcels totaling approximately 38,099 ± square feet (0.87 acres) within the established Lands of the President community in West Palm Beach. Zoned MF32 - Multifamily High Density (City of West Palm Beach), the site presents potential for up to 32 dwelling units per acre, subject to site plan approval and verification. Preliminary concept studies illustrate the feasibility for a 3-story residential development of up to 28 units with structured or surface parking. The property offers strong frontage along Embassy Drive and is centrally located near Banyan Cay redevelopment, Palm Beach Outlets, Downtown West Palm Beach, Brightline, and major employment corridors. Unlike raw land, this infill site benefits from existing road access, utilities, and established surrounding infrastructure. Ideal for a boutique multifamily concept, luxury villa product, or creative low-rise residential development, subject to approvals. Opportunities of this scale within Lands of the President and surrounding area are extremely limited. Full package upon in docs section or upon request. All development concepts are preliminary and for illustrative purposes only. Buyer is solely responsible for conducting its own due diligence regarding zoning, density, land use, site plan approval, subdivision covenants, HOA restrictions, utilities, and development feasibility. Seller and Broker make no representations or warranties regarding entitlement, permitted use, or maximum density. Any development potential referenced is subject to municipal approvals and private governing documents.

Location

Details

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

Valuation

Our model vs. what's actually selling nearby.
Estimate
$630,000
$75K – $6.2M
Confidence Low
List vs. estimate
$870K above estimate
List $1,500,000 · +138.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
49 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $287K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$7,565
2025
All facts and features
  • Lot

    • Lot: 0.87 Acres

    Other Property Information

    • Parcel Number: 74434317070000190

    • Zoning: MF32(c

  • Type and style

    • Property Type: Commercial Land

    • Property Sub Type: Agriculture

  • Utility

    • No Utilities

    • None

  • Other financial information

    • Annual tax amount: $7,565

  • Source details

    • MLS ID: R11163572

    Other facts

    • Lot Features: City Location / Golf Course Location / 1/2 To Less Than 3/4 Acre Lot / Less Than 1 Acre

    • Direction Faces: South

    • Lot Size Dimensions: 326x150

    • Subdivision Name: PRESIDENT COUNTRY CLUB 1

Private inquiry
Talk to the advisor on this listing.
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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: Douglas Elliman