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700 NE Orchid Bay Drive, Boca Raton, FL 33487 (MLS# RX-10810920)

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$2,490,000
700 NE Orchid Bay Drive
Boca Raton, FL 33487
MLS# RX-10810920
Status: Closed



700 NE Orchid Bay Drive, Boca Raton, FL 33487
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700 NE Orchid Bay Drive, Boca Raton, FL 33487 700 NE Orchid Bay Drive, Boca Raton, FL 33487 700 NE Orchid Bay Drive, Boca Raton, FL 33487 700 NE Orchid Bay Drive, Boca Raton, FL 33487 700 NE Orchid Bay Drive, Boca Raton, FL 33487 700 NE Orchid Bay Drive, Boca Raton, FL 33487 700 NE Orchid Bay Drive, Boca Raton, FL 33487 700 NE Orchid Bay Drive, Boca Raton, FL 33487 700 NE Orchid Bay Drive, Boca Raton, FL 33487

Property Description
This is not your ordinary East Boca ocean access waterfront land for sale. Located in the Boca Bay Colony neighborhood, 700 Orchid Bay Dr is exceptional in that it boasts over 19,000 sq/ft of yard space that can accommodate an above average sized home or simply extra landscaping space for outdoor living, pets, and privacy. The property is situated with southern exposure on a circular canal with continuous flow and overlooks a turning basin with open views down the canal. The Boca Raton area is known to have excellent blue water offshore given its close proximity to the Gulfstream current. Ocean access is available via Boca Raton Inlet within a ~25 minute boat ride from the property.

Details
Maps
Contract Information
Listing Date: 2022-06-23
Status: Closed
Original List Price: 2490000
Auction: No
List Price: 2490000
Current Price: 2366000
List Price/Acre: 5659090.9
Comm/Non-Rep: 0.5%
Comm/Buyer Agent: 2.5%
Comm/Trans Brk: 2.5%
General Property Description
Type: Single Family Detached
Lot Dimensions: 147.5 x 284.4
Lot SqFt: 19261
Acres: 0.44
Waterfront: Yes
Waterfrontage: 312
Min Lv SqFt Rstrct: 5875
Subdivision: BOCA BAY COLONY
Development Name: BOCA BAY COLONY
Front Exp: North
Homeowners Assoc: Mandatory
HOA Fee/Month: 63
Application Fee: 150
Directions: US1 to Boca Bay Colony Drive, east. North on NE 7th Ave to property on right.
Location, Tax & Legal
Area: 4180
Geo Area: PB02
County: Palm Beach
Parcel ID: 06434632170040010
Street #: 700
Street Dir: NE
Street Name: Orchid Bay
Street Suffix: Drive
State/Province: FL
Zip Code: 33487
Legal Desc: BOCA BAY COLONY LT 1 & W 1/2 OF LT 2 BLK 4 & NLY 305 FT OF TR K
Zoning: R1B(ci
# Parcels: 10
Tax Year: 2021
Taxes: 13764.7
Special Assessment: No
Short Sale: No
Short Sale A/U: N/A
Short Sale Addendum: No
REO: No
Elementary School: J. C. Mitchell Elementary School
Middle School: Boca Raton Community Middle School
High School: Boca Raton Community High School
Geo Lat: 26.416846
Geo Lon: -80.073725
Office/Member Info
DXORIGMLNO: RX-10810920
DXORIGMLSID: RML
Status Change Info
Under Contract Date: 2022-09-23
Sold Date: 2023-03-01
Sold Price: 2366000
Terms of Sale: Owner Financing
Sold Price/Acre: 5377272.72
Property Features
Land Use: Single Family
Location: Beach Area
Lot Description: 1/4 to 1/2 Acre
Develop Status: Recorded Plat
Comp Plan Use: Other
Improvements: Sidewalk
Utilities Avail: Cable; Electric; Municipal Sewer; Phone Line; Public Water; Trash Removal
Utilities On Site: Cable; Electric Service Available; Public Water; Sewer
Waterfront Details: Intracoastal; No Fixed Bridges; Ocean Access; Seawall
View: Canal; Intracoastal
Ground Cover: Other
Roads: Other
Miscellaneous: Sidewalk; Other
Avail Docs: Building Plan
Boat Services: Private Dock
Trees: Other
Usage: Other Usage
Terms Considered: Cash; Conventional
Showing Instructions: Text Listing Agent
Contingencies: Other
Supplements
There is an extraordinary 312 feet of useable dockage that can accommodate multiple boats while still leaving open views of the water from inside the future house. Survey and soil test results are included; engineering showed excellent soil which translates to direct build cost savings. The lot is cleared and ready to build which also saves demolition costs. Seller is willing to consider seller financing during the build phase for qualified buyers. In addition, seller has an optional waterfront home in the area that can be made available to the future buyer to live in during the build; making this a flexible and complete path forward to your future brand-new home that is tailored to your exact liking.

Listing Office: Re/Max Direct

Last Updated: March - 01 - 2023

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Thursday 18th of April 2024 10:28 PM

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Call: (561) 859-9014
Email: adam@gutmannrealty.com