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$18,000,000

Beds
Unknown
sq ft
Unknown

5060 N Ocean Dr, Riviera Beach, FL 33404

5060 N Ocean Dr

Riviera Beach, FL 33404

  • 3 days on market
Colliers is pleased to present the opportunity to acquire the Condado Development Site, an oceanfront development opportunity located at 5060 N. Ocean Drive, Riviera Beach, FL 33404 in Palm Beach County. The Board of Directorshas engaged Colliers to explore strategic sale opportunities for the property, with the unanimous support of the unit owners. The Condado is an aging three story co-op built in 1966 comprising 13 units. The property features private beach access.

Details

Property type

Lot size

1.3 acres

Price per sq ft

Unknown

Year built

Unknown

Annual property taxes

$8,423

Price History

11/19/2024
Beaches

Beaches #R11038517

Listed
$18,000,000
-25%
11/08/2024
Beaches

Beaches #F10320237

Removed
$24,000,000
02/05/2023
Beaches

Beaches #F10320237

Pending
$24,000,000

Schools & Community

Neighborhood: 

Singer Island

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

United States Small Business Admin

Loan start date

June 2005

Original loan amount

$223,400

Est. remaining balance

Not provided

Interest rate

5.78%

Loan type

SBA Participation Trust Deed, 30 year

Seller

Condado Inc Of Singer Island and Condado Inc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/22/2024 at 11:10 AM

Listing updated: 11/19/2024 at 4:58 PM

Listed by: Cliff Glansen, FlatFee.com Phone #: (954) 965-3990

MLS: Beaches #R11038517

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