West Palm Land 1938 acres
DOCS
https://drive.google.com/drive/folders/1-ZZk-keYaWb2hdaTtzOWqJcOuaxLGD7i?usp=sharing
1,938 acres in West Palm Beach, FL to build high end residential units
Purchase Price is $50,000,000
Seller is also willing to get a JV agreement to develop and build this land
• 1,938 acres, fronting the St. Lucie Canal (C-44) and the St. Lucie River, I-95, Pratt
Whitney Road, and Citrus Blvd.
• 6 minutes from the Kanner Road I-95 exit to the proposed front gate.
• Currently zoned Agricultural - 2 (1 unit : 5 acres) and allowed 387 units as of right.
• Approved 2,800 ft. paved farm airport in place
• Development plan involves 387 homesites of 1 & 3 acre parcels.
• Required Social Memberships for each homeowner at $25,000 each, 75 non-resident
Social Memberships available.
• 300-350 Golf Memberships at $125,000 each
• Amenities including both an 18-hole & a 9-hole par-3 golf course, clubhouse, boat slips,
and biking & walking trails.
• Clubhouse includes dining, bar, pro shop, board room, gym, private wine room, pool,
cabanas, pool bar & grill, tennis, pickleball, multi-generational barn, and men’s & women’s
locker rooms/lounges/spas.
• Currently the parcel is outside of urban service corridor, and development will need a text
amendment change to connect to water and sewer. Water and sewer connection is on the
other side of the St. Lucie Canal, only 2,000 feet away.
• Currently there are water pumping rights to 3mm gallons/day from the canal and a pump and
laser-leveled gravity-fed irrigation system in place to manage water. This makes the creation
and servicing of lakes, creeks, and a marina much easier to achieve.
• The land sits at a high elevation, above the water table, outside of FEMA flood zones. The soil
makeup supports housing, golf courses, shooting sports, and equestrian development.
THIS PORTFOLIO SALE IS OFF MARKET MUST STAY OFF MARKET.
DEAR BUYER, THIS IS AN OFF MARKET (NOW) AND THIS IS A PRE-DUE DILIGENCE PACKAGE AND NOT A FORMAL DUE DILIGENCE PACKAGE. ONCE THE BUYER AND THE SELLER EXECUTE THE PURCHASE AND SALE AGREEMENT AND THE BUYER OPENS UP THE CONTRACTED ESCROW TRUST ACCOUNT WITH THEIR CONTRACTED EARNEST MONEY DEPOSIT, THE SELLER WILL THEN PROVIDE THE BUYER WITH ALL OF THE UPDATED P&Ls, RENT ROLLS, TENANT'S LEASES AND ANY VENDOR CONTRACTS THAT EXIST TO CLOSE THIS TRANSACTION.
TO MOVE FORWARD, THE BUYER AND OR THE SELLER TO SIGN THE ASSET SPECIFIC MASTER FEE AGREEMENT (DEPENDING ON THE EXECUTED PURCHASE PRICE), THE BUYER TO PROVIDE AN ASSET SPECIFIC LETTER OF INTENT TO INCLUDE THE PURCHASE PRICE, DUE DILIGENCE PERIOD, CLOSE OF ESCROW OF DATE AND THE AMOUNT OF THE EARNEST MONEY DEPOSIT THAT WILL BE ESCROWED ONCE THE BUYER AND THE SELLER EXECUTE THE PURCHASE AND SALE AGREEMENT. THE BUYER TO PROVIDE A BUYER'S COMMERCIAL BIO OF COMMERCIAL ASSET HELD IN THEIR INVESTMENT PORTFOLIO. THE BUYER TO PROVIDE A BUYER'S VERIFIABLE PROOF OF FUNDS IN THE FORM OF A BANK OR FUND STATEMENT OF ACCOUNT. PLEASE NO TRANSACTIONAL FUNDING.
https://drive.google.com/drive/folders/1-ZZk-keYaWb2hdaTtzOWqJcOuaxLGD7i?usp=sharing
1,938 acres in West Palm Beach, FL to build high end residential units
Purchase Price is $50,000,000
Seller is also willing to get a JV agreement to develop and build this land
• 1,938 acres, fronting the St. Lucie Canal (C-44) and the St. Lucie River, I-95, Pratt
Whitney Road, and Citrus Blvd.
• 6 minutes from the Kanner Road I-95 exit to the proposed front gate.
• Currently zoned Agricultural - 2 (1 unit : 5 acres) and allowed 387 units as of right.
• Approved 2,800 ft. paved farm airport in place
• Development plan involves 387 homesites of 1 & 3 acre parcels.
• Required Social Memberships for each homeowner at $25,000 each, 75 non-resident
Social Memberships available.
• 300-350 Golf Memberships at $125,000 each
• Amenities including both an 18-hole & a 9-hole par-3 golf course, clubhouse, boat slips,
and biking & walking trails.
• Clubhouse includes dining, bar, pro shop, board room, gym, private wine room, pool,
cabanas, pool bar & grill, tennis, pickleball, multi-generational barn, and men’s & women’s
locker rooms/lounges/spas.
• Currently the parcel is outside of urban service corridor, and development will need a text
amendment change to connect to water and sewer. Water and sewer connection is on the
other side of the St. Lucie Canal, only 2,000 feet away.
• Currently there are water pumping rights to 3mm gallons/day from the canal and a pump and
laser-leveled gravity-fed irrigation system in place to manage water. This makes the creation
and servicing of lakes, creeks, and a marina much easier to achieve.
• The land sits at a high elevation, above the water table, outside of FEMA flood zones. The soil
makeup supports housing, golf courses, shooting sports, and equestrian development.
THIS PORTFOLIO SALE IS OFF MARKET MUST STAY OFF MARKET.
DEAR BUYER, THIS IS AN OFF MARKET (NOW) AND THIS IS A PRE-DUE DILIGENCE PACKAGE AND NOT A FORMAL DUE DILIGENCE PACKAGE. ONCE THE BUYER AND THE SELLER EXECUTE THE PURCHASE AND SALE AGREEMENT AND THE BUYER OPENS UP THE CONTRACTED ESCROW TRUST ACCOUNT WITH THEIR CONTRACTED EARNEST MONEY DEPOSIT, THE SELLER WILL THEN PROVIDE THE BUYER WITH ALL OF THE UPDATED P&Ls, RENT ROLLS, TENANT'S LEASES AND ANY VENDOR CONTRACTS THAT EXIST TO CLOSE THIS TRANSACTION.
TO MOVE FORWARD, THE BUYER AND OR THE SELLER TO SIGN THE ASSET SPECIFIC MASTER FEE AGREEMENT (DEPENDING ON THE EXECUTED PURCHASE PRICE), THE BUYER TO PROVIDE AN ASSET SPECIFIC LETTER OF INTENT TO INCLUDE THE PURCHASE PRICE, DUE DILIGENCE PERIOD, CLOSE OF ESCROW OF DATE AND THE AMOUNT OF THE EARNEST MONEY DEPOSIT THAT WILL BE ESCROWED ONCE THE BUYER AND THE SELLER EXECUTE THE PURCHASE AND SALE AGREEMENT. THE BUYER TO PROVIDE A BUYER'S COMMERCIAL BIO OF COMMERCIAL ASSET HELD IN THEIR INVESTMENT PORTFOLIO. THE BUYER TO PROVIDE A BUYER'S VERIFIABLE PROOF OF FUNDS IN THE FORM OF A BANK OR FUND STATEMENT OF ACCOUNT. PLEASE NO TRANSACTIONAL FUNDING.
