305-609-4190
1285 North Ocean Boulevard Lot 2, Palm Beach FL 33480
Active Single Family Residence Waterfront

1285 North Ocean Boulevard Lot 2, Palm Beach FL 33480

Palm Beach, FL, 33480

$69,900,000

Est. $353,452/mo (20% down)

7
Beds
9
Baths
5,637
Sq Ft
2027
Year Built
—
Lot Sq Ft
2
Garage

Photo Gallery (27 photos)

About This Property

Nestled on a rare over half-acre oceanfront lot, this exceptional new construction home is situated on one of the most desirable ocean front stretches of Palm Beach Island, the prestigious North End. Known for its expansive beaches, this British Colonial estate occupies a .64-acre lot with 125 feet of breathtaking views over the clear blue Atlantic Ocean. This exquisite estate offers 7 bedrooms and 10 bathrooms within 5,637 square feet of interior space, totaling 7,012 square feet of living area. The home includes a basement with elevator access, a 2-car garage, and a heated saltwater pool complete with a jacuzzi spa. The rare oversized lot provides the potential to build additional +/- 5,000 square footage to suit your needs. Whether it's a guest house or tennis courts, the possibilities are endless. The interior layout is thoughtfully designed with a secondary primary bedroom on the first floor, a formal dining room, a private study, and a gourmet kitchen equipped with a walk-in pantry. All spaces are accentuated by soaring ceilings and designer-grade finishes. The primary suite features dual walk-in closets, while the basement level offers adaptable space with a bathroom and laundry facilities, perfect for a wine cellar or exercise room. This property represents a recent collaboration between the esteemed Harrison Design and M2B Homes, whose work has been highlighted in Florida Design. Their impressive portfolio includes Merrywood in Atlanta, Georgia, which won the 2020 Addison Mizner Award from the Institute of Classical Architecture and Art Florida Chapter and the 2021 Residential Design Award from the American Institute of Architects Atlanta Chapter. This is a rare opportunity to own a brand-new oceanfront residence on a rare .64 acre ocean front lot along one of the most coveted stretches of Palm Beach Island. The property is also offered at $49.9M with a 14,575-square-foot lot configuration. Inquire for details.

Property Details

MLS #

R11163554

Status

Active

Property Type

Residential

Sub Type

Single Family Residence

Year Built

2027

Days on Market

239

Stories

3

Pool

Yes

Waterfront

Yes

Price / Sq Ft

$12,400

HOA Fee

None

Est. Insurance

$23,300/mo

Tax Year

2025

Tax Amount

$259,359

Garage

2 Car

Lot Size

—

MLS Area

Bello Lido Resub

Subdivision

BELLO LIDO RESUB

Mortgage Calculator

Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$489,300
Est. Monthly Rent
1.2%
Cap Rate
6.0%
Cash-on-Cash
$831,853
Net Operating Income

ROI Projections (4% Annual Appreciation)

138%
5-Year ROI
Value: $85,044,038
300%
10-Year ROI
Value: $103,469,076
490%
15-Year ROI
Value: $125,885,951

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

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