54 ACRE LAND TRACT FOR SALE IN ROYAL PALM BEACH
I don’t typically write about land for sale, but when you are talking about something of this size it is worth mentioning. It seems like no matter what we talk about in South Florida these days with respects to real estate, it is going to be an improvement. This is no different for Royal Palm Beach, the city where the land is located. There is currently a wastewater treatment plant on the site, which is approved for 385 single family homes. That is the future of the land, and it is currently being marketed to the top homebuilders in the country. It is a virtual certainty that one of them will buy it and build the homes. So good bye waste water treatment plant and hello to a brnad new residential community and all the tax dollars it will bring. It is estimated that the land will sell for about $100,000 per acre, which would make for a total sale between $15 - $20 million dollars. Yes indeed good things are coming to Ryal Palm Beach, put probably not for another 2 – 3 years. That is when you will see actual work being done there but rest assured this deal is already in motion and moving quickly. Congrats to Royal Palm Beach in advance! You have come a long way baby, and this is another move in the right direction. As always thanks for reading and have a great day.
It’s official: Royal Palm’s Crestwood site on the market
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