Property Description

There is only one. A once-in-a-generation opportunity to acquire 3.2+ acres of privately owned submerged land in the Town of Ocean Ridge. NOW OFFERED AT $299,555. A 2020 appraisal valued the parcel at $4.2M under hypothetical high-and-dry assumptions requiring bulkhead, fill, and governmental approvals. Whether envisioned as a private estate, explored for future development, or for environmental or mitigation-related applications, subject to all applicable governmental approvals. Surrounded by luxury residences in one of South Florida's most prestigious coastal communities. Extensive due diligence materials, surveys, and studies available. SELLER WILL EXECUTE THE FIRST PURCHASE AGREEMENT SUBMITTED THAT COMPLIES WITH THE TERMS OF SALE. THE MARKET HAS SPOKEN-THE SELLER HAS LISTENED. The Public Pricing process produced a high offer of $900,000 from a developer requiring extended timelines, contingencies and approvals, and a $200,000 all-cash investor offer with no contingencies. The Seller has chosen time and certainty over a higher contingent price and is now offering the property at a fixed price of $299,500 CASH. No auction and no bidding against others-the first qualified buyer to deliver an acceptable executed contract on the stated terms gets the property. There Is Only One. Some opportunities simply cannot be duplicated. This extraordinary 3.2+ acre submerged waterfront parcel represents one of the last significant land offerings in the incorporated Town of Ocean Ridge-an exclusive barrier island community where privacy, prestige, and natural beauty have defined the character of the town for generations. Ocean Ridge is renowned for its quiet residential atmosphere, limited commercial development, and commitment to preserving the charm of Old Florida while offering residents immediate access to every modern convenience. Surrounded by the Atlantic Ocean to the east and the Intracoastal Waterway to the west, Ocean Ridge enjoys a setting that few communities in South Florida can match. Located just minutes from the vibrant downtown districts of Delray Beach and Boca Raton, residents enjoy world-class restaurants, boutique shopping, private clubs, marinas, golf courses, arts and cultural venues, and some of Florida's most beautiful beaches. Worth Avenue in Palm Beach, Mizner Park in Boca Raton, and Atlantic Avenue in Delray Beach are all within a convenient drive. Travel is equally convenient. Palm Beach International Airport is approximately 20 miles north, Fort Lauderdale-Hollywood International Airport is approximately 40 miles south, and Miami International Airport is approximately 65 miles south, providing convenient access to domestic and international destinations throughout the world. Palm Beach County has long been recognized as one of America's premier luxury real estate markets, attracting executives, entrepreneurs, professional athletes, entertainers, seasonal residents, and families seeking an exceptional quality of life. Ocean Ridge remains one of its most exclusive addresses because opportunities to acquire substantial waterfront property are exceptionally limited. THE NATURE OF THE LAND. This is privately owned submerged land. Nearly all submerged bottom in Florida is sovereign and state-owned; private ownership of this kind is rare, and it is what makes this parcel unusual. Any high-and-dry use would require bulkhead construction, fill, and all applicable federal, state, county, and municipal approvals. Under a hypothetical high-and-dry development scenario, zoning would allow single family at 3.6 units per acre and residential medium density for a total of up to 12 units, or subdivision into 3 to 9 lots. A 2020 appraisal valued the parcel at $4.2 million under that appraisal's stated hypothetical development assumptions; that figure is not a current market value. The parcel also presents potential for salt water mitigation-mangrove or seagrass mitigation, relocation, and preservation str