Listed by Media Realty
$385,000
Rigger Rd Portfolio
Details
APN 00-43-45-06-02-042-0070, 00-43-45-06-02-042-0090
Property Type Land
Sub Type Residential
Square Footage 17,852
Units 6
Beds 3
Tenancy Multi
Price per SqFt $20
Year Built 1981
Acreage 0.820
Zoning RS (Single-Family Residential)
Investment Type Redevelopment
Ownership Estate Sale Coral Gables Trust Company
Land | 0.82 acres | Subdivide into 5-6 Lots
Marketing description
Media Realty & Advisors is pleased to present a rare, contiguous six-home single-family portfolio located along Rigger Road in Atlantis, Florida, within immediate proximity to the Lake Worth Beach growth corridor and central Palm Beach County employment base. This offering represents a compelling covered-land and yield-driven investment opportunity, combining in-place cash flow with long-term appreciation potential in one of South Florida's most supply-constrained residential submarkets.
Investment highlights
- Estate Sale | Covered Land Play | Redevelopment Opportunity
- One parcels totaling 17,8520 SF zoned RS (Single-Family Residential) featuring an unfinished A-frame structure and an existing SFR. Priced within a neighborhood where land values typically range from $15-$20/SF, presenting a compelling tear-down or redevelopment opportunity.
- Seller will satisfy all existing liens and outstanding balances at or prior to closing. Surrounding home values support $500,000+, reinforcing end-user and builder demand.
- Ability to subdivide into up to 2-3 homesites (subject to zoning verification)
- Three additional contiguous sites available across the street for assemblage potential
- Located within a supply-constrained infill submarket, where buildable land is increasingly scarce. Demand is driven by:
- Proximity to major employment hubs in Central Palm Beach County
- Strong end-user interest in new construction within established neighborhoods
- Limited availability of comparable vacant land sites
- Nearby Lake Worth Beach redevelopment activity continues to absorb overflow demand, further supporting land values and future upside.
Listing Contacts
Listed by Media Realty
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