3930

N Ocean Dr, Singer Island

Property Highlights

3930 N Ocean Drive
Singer Island, FL

  • Rare oceanfront development site
  • 150 feet of beach frontage
  • Build up to 20 units per acre
  • Build up to 20 stories
  • Be part of South Florida's evolution into a world-class destination
  • Escalating pricing and demand for luxury condos
  • Unparalleled neighborhood amenities

Investment Summary

Colliers International, as exclusive marketing advisor, is pleased to present the opportunity to acquire 3930 N Ocean, a true beachfront, prime development site on the highly coveted Singer Island in Palm Beach County. The property is comprised of one 3.30 acre parcel with direct frontage on N Ocean Drive as well as direct beachfront access with 150 feet of linear feet on the sand. The property represents the opportunity for developers to capitalize on the growing demand for luxury, boutique development in South Florida with a rare and largescale parcel on the water.

 

The current as of right zoning designation at 3930 N Ocean is RM- 20: High Density Multiple Family Dwelling District, which is one of the most liberal zoning districts in the city allowing for residential and hotel developments with high density and intensity standards. RM-20 allows for the development of 20 residential units per acre (40 hotel units per acres), a maximum building height of 20 stories, and a maximum floor area ratio of 1.3.

 

The highly desired location with the pro-development zoning designation makes the 3930 N Ocean site one of the few premiere development sites available in South Florida.

Site Overview

  • Address: 3930 N Ocean Drive, Singer Island, FL 33404
  • Land Acreage: 3.30 acres
  • Land SF: 143,748 SF
  • Water Frontage: 150'
  • Zoning: RM-20 High Density Multiple Family Dwelling District
  • Asking Price: $25,000,000
  • Offers Due:​ TBD

Development Overview

3930 N Ocean Drive is the ideal luxury, boutique and oceanfront condo development site.
The following is a summary of a potential condo project for the site:

51* buildable units

186,872 buildable SF

20 stories

$1,500 proposed sellout per/SF

*The buildable unit count is calculated by analyzing the Coastal Construction Line of the property.
The site has 1.8 acres west of the C.C.L with a density of 20 units per acre and 1.5 acres east of the C.C.L with a density of 10 units per acre.
This breaks down to a total of 51 buildable units.

Contact

Gerard Yetming

Executive Managing Director

Shannon Rex

Executive Managing Director

Colliers International Florida, LLC

2121 Ponce de Leon Blvd Suite 1250

Coral Gables, FL 33131

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