Outstanding opportunity for Residential Development! 3047 N Federal Hwy, Boynton Beach - a prime 1.34-acre vacant parcel located on the highly sought-after Federal Hwy. This property is By Right zoned for the development of 27 luxury condominiums, making it an ideal investment for those looking to capitalize on this valuable location.
This property is $3.5M more than the Median Sold Price in Boynton Beach, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #RX-10895711
Listing Office:
Office Name: Ocean Delray Real Estate
Office Phone: (561) 301-7400
Listing Agent: Christopher S Nicotra
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.
This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/27/2024, 8:25:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$20K
Per Month
Principal & Interest
$19.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$12K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Plumosa School of the Arts
2501 Seacrest Blvd
Distance between this listing and this school0.63 miles
Public Magnet Grades KG-5
Middle School
5
/10
Odyssey Middle School
6161 W Woolbright Rd
Distance between this listing and this school5.14 miles
Public District Grades 6-8
High School
5
/10
Atlantic High School
2455 W Atlantic Ave
Distance between this listing and this school3.13 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
Plumosa School of the Arts
2501 Seacrest Blvd
Distance between this listing and this school0.63 miles
Public Magnet Grades KG-5
Nearby Schools
5
/10
Forest Park Elementary School
1201 SW 3rd St
Distance between this listing and this school1.65 miles
Public Magnet Grades KG-5
6
/10
Crosspointe Elementary School
3015 S Congress Ave
Distance between this listing and this school1.92 miles
Public District Grades KG-5
Assigned Schools
5
/10
Odyssey Middle School
6161 W Woolbright Rd
Distance between this listing and this school5.14 miles
Public District Grades 6-8
Nearby Schools
4
/10
South Tech Preparatory Academy
1300 SW 30th Ave
Distance between this listing and this school1.40 miles
Public Charter Grades 6-8
2
/10
Congress Middle School
101 S Congress Ave
Distance between this listing and this school2.75 miles
Public Magnet Grades 6-8
Assigned Schools
5
/10
Atlantic High School
2455 W Atlantic Ave
Distance between this listing and this school3.13 miles
Public Magnet Grades 9-12
Nearby Schools
5
/10
South Tech Academy
1300 SW 30th Ave
Distance between this listing and this school1.40 miles
Public Charter Grades 9-12
2
/10
Boynton Beach Community High School
4975 Park Ridge Blvd
Distance between this listing and this school3.85 miles
The neighbors living near this home have an average income of $56,893. Typical income of Boynton Beach, FL residents is between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3047 N Federal Hwy
What is the listing price of this property?
The listing price of 3047 N Federal Hwy property is $4,000,000.
What type of property is this?
The property 3047 N Federal Hwy is land located in Boynton Beach, Florida, 33483.
Is this property for sale now?
Active Listing: 3047 N Federal Hwy is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 3047 N Federal Hwy are: Plumosa School of the Arts: GreatSchools Rating 5/10Odyssey Middle School: GreatSchools Rating 5/10Atlantic High School: GreatSchools Rating 5/10
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 3047 N Federal Hwy in Boynton Beach, FL and zip code 33483. It has been listed on Rocket Homes since June 08, 2023 and is currently priced at $4,000,000.
In March 2024 more than 17 listings in Boynton Beach, FL were sold above the asking price. During the same period more than 36 listings were sold at asking price, while more than 190 were sold below. In March 2024 in Boynton Beach, FL there were 10.2% more homes for sale than in February 2024. Listings spent 49 days on the market in March 2024, and had a median list price of $403,959 during the same period.
From Rocket Homes Real Estate and based on county public records data.