- Total SF: 15,120 SF - Folio: 33-5033-000-0590 - Zoning: DV - Downtown Village - Cross Streets: SW 175 Terrace & US1 - Permitted Uses: Commercial, Retail, Office, Residential, Mixed Use, Entertainment - In Opportunity Zone
LARGE Residential Lot in the Heart of the Village of Palmetto Bay. All Utilities Available.
Amazing opportunity to build your dream home on this beautiful bayfront vacant lot in exclusive Paradise Point. Experience resort-style living at its best within the private, secure community of Royal Harbor Yacht Club. Enjoy 24-hr security, clubhouse, two tennis courts, heated pool, gym, and private beach with volleyball court. Take a serene nature walk to the beach to enjoy the bay view or dock your boat at the full-service marina. This lot comes with complete architectural and engineering plans for a stunning 6,000sf home featuring a rooftop pool with panoramic views of southern Biscayne Bay. The plans have been approved by both the City of Palmetto Bay and the Royal Yacht Harbor Club/Paradise Point HOA. Don't miss out on this exceptional opportunity to create your own piece of paradise
Prime location for development. Zoned one acre per SFH. 1.95 Acres per attached survey in the heart of Palmetto Bay. This Tropical Oasis offers endless opportunities to renovate or custom build on one-of-a-kind grounds. This exquisite property boasts a number of tropical trees & vibrant plants throughout. Peaceful setting just steps to Coral Reef Park. The existing home sits on the back of the grounds affording ample space to enjoy the front yard. Large chickee hut with pool area and backyard. A separate one story CBS structure for storage or a garage. Plenty of room to add a tennis court or more.
The median home value in Palmetto Bay, FL is $1,160,000. This is higher than the county median home value of $463,600. The national median home value is $338,100. The average price of homes sold in Palmetto Bay, FL is $1,160,000. Approximately 73.62% of Palmetto Bay homes are owned, compared to 19.36% rented, while 7.02% are vacant. Palmetto Bay real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Palmetto Bay real estate agent to arrange a tour today!
Palmetto Bay, Florida has a population of 24,327. Palmetto Bay is more family-centric than the surrounding county with 40.68% of the households containing married families with children. The county average for households married with children is 27.22%.
The median household income in Palmetto Bay, Florida is $131,605. The median household income for the surrounding county is $57,815 compared to the national median of $69,021. The median age of people living in Palmetto Bay is 41.8 years.
The average high temperature in July is 89 degrees, with an average low temperature in January of 57.3 degrees. The average rainfall is approximately 58.1 inches per year, with 0 inches of snow per year.