Incredible investment opportunity to develop this prime location in Boca Raton. Minutes to shopping, restaurants, beaches, Mizner and Delray's, ''The Ave.'' Entitlements pending final approval include plans and renderings for a 17,000 sf (under air) 4-story boutique hotel. Floors 2, 3 and 4 include 5 rental units per floor. Ground floor amenities include management office, laundry room, men's and women's spas, men's and women's restrooms, fitness center, indoor pickleball court, sitting area and (2) elevators. Additionally, a roof-top pool. Recent city zoning and planning meeting fine tuned details, architect has updated the exterior building renderings, as shown. FDOT has approved access from N Federal Hwy.
Property Details
Property Features
Listing Office:
Office Name: Realty Home Advisors Inc
Office Phone: (561) 613-0393
Listing Agent: Laurie S Ruehlman
School Info
Assigned Schools Information:
Boca Raton Community High School, Public Magnet Grades 9-12
Boca Raton Middle School, Public Magnet Grades 6-8
J. C. Mitchell Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: LOCATED NORTH OF JEFFERY STREET ON EAST SIDE OF N. FEDERAL HWY. SITUATED BETWEEN RENZO'S PIZZA AND ABC LIQUOR
Price Information
Listing Price Info
Price Summary:
List Price: $2,700,000
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Housing Market Comparison
See how this home compares to others in Boca Raton, FL.
This property is $2.0M more than the Median Sold Price in Boca Raton, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #RX-10962794
Listing Office:
Office Name: Realty Home Advisors Inc
Office Phone: (561) 613-0393
Listing Agent: Laurie S Ruehlman
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: 5/1/2024, 5:25:21 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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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
6
/10
J. C. Mitchell Elementary School
2470 NW 5th Ave
Distance between this listing and this school2.83 miles
Public District Grades KG-5
Middle School
6
/10
Boca Raton Middle School
1251 NW 8th St
Distance between this listing and this school4.28 miles
Public Magnet Grades 6-8
High School
6
/10
Boca Raton Community High School
1501 NW 15th Ct
Distance between this listing and this school4.12 miles
Public Magnet Grades 9-12
Assigned Schools
6
/10
J. C. Mitchell Elementary School
2470 NW 5th Ave
Distance between this listing and this school2.83 miles
Public District Grades KG-5
Nearby Schools
7
/10
Pine Grove Elementary School
400 SW 10th St
Distance between this listing and this school2.45 miles
Public District Grades PK-5
5
/10
Orchard View Elementary School
4050 Germantown Rd
Distance between this listing and this school2.89 miles
Public District Grades PK-5
Assigned Schools
6
/10
Boca Raton Middle School
1251 NW 8th St
Distance between this listing and this school4.28 miles
Public Magnet Grades 6-8
Nearby Schools
10
/10
Don Estridge High Tech Middle School
1798 NW Spanish River Blvd
Distance between this listing and this school3.27 miles
Public Magnet Grades 6-8
2
/10
Carver Middle School
101 Barwick Rd
Distance between this listing and this school4.02 miles
Public Magnet Grades 6-8
Assigned Schools
6
/10
Boca Raton Community High School
1501 NW 15th Ct
Distance between this listing and this school4.12 miles
Public Magnet Grades 9-12
Nearby Schools
10
/10
A.D. Henderson University School & Fau High School
777 Glades Rd Bldg 26
Distance between this listing and this school3.25 miles
Public District Grades KG-12
5
/10
Atlantic High School
2455 W Atlantic Ave
Distance between this listing and this school3.76 miles
The neighbors living near this home have an average income of $43,632. Most Boca Raton, FL residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 6940 N Federal Hwy
What is the listing price of this property?
The listing price of 6940 N Federal Hwy property is $2,700,000.
What type of property is this?
The property 6940 N Federal Hwy is land located in Boca Raton, Florida, 33487.
Is this property for sale now?
Active Listing: 6940 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 6940 N Federal Hwy are: J. C. Mitchell Elementary School: GreatSchools Rating 6/10Boca Raton Middle School: GreatSchools Rating 6/10Boca Raton Community High School: GreatSchools Rating 6/10
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This home is located at 6940 N Federal Hwy in Boca Raton, FL and zip code 33487. It has been listed on Rocket Homes since February 24, 2024 and is currently priced at $2,700,000.
Boca Raton, FL housing market in March 2024 saw over 22 listings sold above listed price, more than 33 sold at listed price and over 257 sold below. The number of homes for sale in Boca Raton, FL increased by 7.4% between February 2024 and March 2024. Listings spent 53 days on the market in March 2024, and had a median list price of $601,056 during the same period.
From Rocket Homes Real Estate and based on county public records data.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc. 
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