21 days on rocket

Address Not Disclosed - MLS#A11564893, West Palm Beach, FL, 33415

$6,500,000

5.67 Acres
Land
Schools Nearby

Property Highlights

Home TypeOther
MLS #A11564893
Lot Size5.67 Acres
StatusActive

About This Home

Pine Bay Apartments is a planned multifamily development on a 5.67 acre parcel located at 5490 Purdy Lane in West Palm Beach, Florida. It has an approved site plan from Palm Beach County for the construction of 86 apartment units (62 two bedroom/two bathroom units and 24 three bedroom/two bathroom units). All the three bedroom units will have balconies. The development proposes four different apartment types which will be luxurious in nature. There will be a total of six two-story buildings: five of which will have 16 units and one building with 6 units. There will be a 1,200 SF clubhouse. The three/two unit apartments will be 1,410 SF and the two/two unit apartments will be 1,070 SF. There are 199 parking spaces provided for this project.

Property Details

Property Features

Listing Office:

  • Office Name: Beachfront Realty Inc
  • Office Phone: (347) 406-1677
  • Listing Agent: Jeremy Sebbagh

Virtual/3D Tour

  • Virtual Tour: Address Not Disclosed

Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 5.67 Acres

School Info

Assigned Schools Information:

  • Forest Hill Community High School, Public Magnet Grades 9-12
  • Conniston Middle School, Public Magnet Grades 6-8
  • Palm Beach Public School, Public Magnet Grades KG-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $6,500,000
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Housing Market Comparison

See how this home compares to others in West Palm Beach, FL.

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West Palm Beach, FL

City

Med. Sold Price

$382.9K

Med. Price/SqFt

$266

Avg. Days On Market

65

# of Sold Homes

284

This property vs West Palm Beach

21 DAYS ON ROCKET

-44 Days

$6,500,000

+$6.1M More

KEY TAKEAWAY

This property is $6.1M more than the Median Sold Price in West Palm Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11564893

Listing Office:

  • Office Name: Beachfront Realty Inc
  • Office Phone: (347) 406-1677
  • Listing Agent: Jeremy Sebbagh

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 7:25:14 AM 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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$32.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$19.5K

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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

school-card-donut-2971786
7
/10

  • Palm Beach Public School

  • 239 Cocoanut Row

  • 1.12 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-2971787
4
/10

  • Conniston Middle School

  • 3630 Parker Ave

  • 1.55 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-2971788
3
/10

  • Forest Hill Community High School

  • 6901 Parker Ave

  • 3.23 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,705. Most West Palm Beach, FL residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

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Rocket Homes›Florida›Palm Beach County›West Palm Beach›33415›Address Not Disclosed

This home sits on a 5.67 acre lot. It has been listed on Rocket Homes since April 07, 2024 and is currently priced at $6,500,000.

Over 21 listings were sold over their listed price in March 2024 in West Palm Beach, FL. In the same period over 220 listings were sold below the listed price and 43 listings were sold for the listed price. The inventory of homes for sale in West Palm Beach, FL between February 2024 and March 2024 increased by 10.9%. The median list price of listings available in March 2024 was $382,914, while the average time on the real estate market was 65 days.

From Rocket Homes Real Estate and based on county public records data.

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