$13,950,000

445 Brazilian Ave Palm Beach, FL 33480

Estimated payment $82,667/month

Total Views 4,353
0.21 Acre
$66,428,571 Price per Acre
9,148 Sq Ft Lot

About This Lot

Rare opportunity to own land or a commercial multi-family property in the heart of Palm Beach. Situated on a 9,000+ SF lot on the highly coveted 400 Block of Brazilian Ave. on the North Side of the street, this property offers exceptional flexibility: keep it as an income-generating, multi-family complex with 14 beautifully updated units (12 studio apartments and 2 one-bedroom apartments, all renovated between 2017 and 2021), or start fresh and build new in one of the most desirable locations in Palm Beach. Centrally located around world-class cultural institutions, renowned restaurants, boating docks, pristine beaches, and the iconic Lake Trail, this property enjoys an unmatched location. With the ocean to the east and the Intracoastal to the west, it offers unparalleled access to everything tenants or future owners could desire. Don't miss this rare opportunity to invest, develop, or reimagine in the heart of Palm Beach!

Listing Agent

Chris Leavitt

Douglas Elliman License #SL-3232586

Douglas Elliman

Co-Listing Agent

Ashley McIntosh

Douglas Elliman License #476962

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $59,460

Lot Details

  • 9,148 Sq Ft Lot
  • Waterfront
  • South Facing Home
  • Property is zoned R-C - Medium Density Residential

Utilities

  • Electricity To Lot Line
  • Gas Available

Community Details

  • Palm Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434323050010040

Property Details

Property Type

Land

Est. Annual Taxes

$59,460

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Land
  • Lot Size Acres: 0.21
  • Subdivision Name: Palm Beach
  • Location Tax Legal:Zoned: R-C - Medium Density Residential
  • Location Tax Legal:Taxes2: 59459.53
  • Location Tax Legal:Tax Year2: 2023
  • General Property Description:Waterfront: No
  • General Property Description:Lot Dim (1): 180
  • General Property Description:Lot SqFt: 9148
  • Exposure:South: Yes
  • Land Improvements:Electric at Site: Yes
  • Land Improvements:Water Available: Yes
  • Street Type:Paved: Yes
  • WaterSewer:City Water at Site: Yes
  • WaterSewer:Sewer at Site: Yes
  • Land Improvements:Gas Available: Yes
  • Land Improvements:Sewer Available: Yes
  • Special Features: None

Exterior Features

  • Lot Features: Up To 10,889 SF
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes

Utilities

  • Utilities: Electric at Site, Sewer Available, Water Available, Natural Gas Available
  • Water Source: City Water at Site, Sewer at Site

Lot Info

  • Lot Size Sq Ft: 9148.0
  • Parcel #: 50434323050010040
  • Zoning: R-C - Medium Density Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 59459.53
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2025 01/02/25 For Sale $13,950,000 0.0% --
10/14/2024 10/14/24 For Rent $3,600 +67.4% --
10/08/2024 10/08/24 Off Market $2,150 -- --
10/08/2024 10/08/24 Off Market $2,900 -- --
09/21/2024 09/21/24 Price Changed $2,900 +34.9% $6 / Sq Ft
09/04/2024 09/04/24 For Rent $2,150 -23.2% --
09/04/2024 09/04/24 For Rent $2,800 -- --
Source: Palm Beach Board of REALTORS®

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Source: Palm Beach Board of REALTORS®

MLS Number: 25-3

Florida Palm Beach County Palm Beach 33480

445 Brazilian Ave, Palm Beach, FL

Homes for Sale in Palm Beach, FL

This home is located at 445 Brazilian Ave, Palm Beach, FL 33480 and is currently priced at $13,950,000. 445 Brazilian Ave is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community High School.

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Chris Leavitt
Listing Agent
Chris Leavitt
Section Image
Douglas Elliman
(561) 941-8802