5060 Ocean DrRiviera Beach, FL 33404

This exceptional 1.115-acre oceanfront development site presents a unique opportunity to create a luxury residential project in the highly desirable Riviera Beach, Florida. Located at 5060 N. Ocean Drive on Singer Island, this property boasts 138 feet of direct Atlantic Ocean frontage and offers unparalleled views. The existing RM-20 zoning allows for a maximum density of 20 units per acre, a FAR of 1.30, and a maximum building height of 200 feet, providing significant development potential. The site's prime location in Palm Beach County, coupled with its proximity to numerous amenities, makes it an ideal location for a boutique, ultra-luxury development. The property is currently improved with a three-story, 13-unit co-op building constructed in 1966, which includes private beach access. This presents a blank canvas for a developer to capitalize on the escalating real estate values and the growing demand for high-end beachfront properties in this exclusive market. The asking price for this exceptional development opportunity is $18,000,000. This is a rare chance to acquire a significant piece of beachfront land in one of Florida's most sought-after locations.