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Lot/land
  • $1,500,000

    1617 Embassy Drive, West Palm Beach, FL 33401

    --beds
    --baths
    0.87Acres
    Unimproved Land
    Built in ----
    0.87 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    An exceptional opportunity to acquire two contiguous parcels totaling approximately 38,099 ± square feet (0.87 acres) within the established Lands of the President community in West Palm Beach. Zoned MF32 - Multifamily High Density (City of West Palm Beach), the site presents potential for up to 32 dwelling units per acre, subject to site plan approval and verification. Preliminary concept studies illustrate the feasibility for a 3-story residential development of up to 28 units with structured or surface parking. The property offers strong frontage along Embassy Drive and is centrally located near Banyan Cay redevelopment, Palm Beach Outlets, Downtown West Palm Beach, Brightline, and major employment corridors. Unlike raw land, this infill site benefits from existing road access, utilities, and established surrounding infrastructure. Ideal for a boutique multifamily concept, luxury villa product, or creative low-rise residential development, subject to approvals. Opportunities of this scale within Lands of the President and surrounding area are extremely limited. Full package upon in docs section or upon request. All development concepts are preliminary and for illustrative purposes only. Buyer is solely responsible for conducting its own due diligence regarding zoning, density, land use, site plan approval, subdivision covenants, HOA restrictions, utilities, and development feasibility. Seller and Broker make no representations or warranties regarding entitlement, permitted use, or maximum density. Any development potential referenced is subject to municipal approvals and private governing documents.
    172 days
    |
    149
    |
    10
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Lauren Nicole Mathews 561-629-3416,

    Douglas Elliman,

    Alexis King 904-576-3797,

    Douglas Elliman

    Source: BeachesMLS,MLS#: R11163572MLS LogoOriginating MLS: BeachesMLS

      Facts & features

      Interior

      Video & virtual tour

      Property

      Lot
      • Size: 0.87 Acres
      • Dimensions: 326 x 150 (appro x .)
      • Features: City Lot, On Golf Course, Subdivision
      • Residential vegetation: Brush, Grassed, Partially Wooded
      Details
      • Parcel number: 74434317070000190
      • Zoning: MF32(c

      Utilities & green energy

      • Utilities for property: None

      Community & HOA

      Community
      • Subdivision: PRESIDENT COUNTRY CLUB 1
      HOA
      • Has HOA: No
      Location
      • Region: West Palm Beach

      Financial & listing details

      • Tax assessed value: $370,000
      • Annual tax amount: $7,565
      • Date on market: 2/13/2026
      • Cumulative days on market: 172 days
      • Listing terms: Cash
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,774/mo

        Price history

        DateEventPrice
        4/20/2026Price change$1,500,000-14.3%
        Source: BeachesMLS #R11163572 Report a problem
        2/14/2026Listed for sale$1,750,000
        Source: Douglas Elliman #R11163572 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,565 0%$370,000
        2024$7,567 +0.6%$370,000 +1.9%
        2023$7,523 +7.5%$363,000 +10%
        2022$6,995 +7.2%$330,000 +10%
        2021$6,524 -1%$300,000
        2020$6,591 -0.9%$300,000
        2019$6,653 $300,000
        2018$6,653 +2.5%$300,000
        2017$6,491 -1.4%$300,000
        2016$6,584 -2.1%$300,000 +172.7%
        2015$6,727 +189.1%$110,000 +10%
        2014$2,327 $100,000
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 33401

        Getting around

        69 / 100
        Somewhat Walkable
        27 / 100
        Some Transit
        46 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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