RARE DIRECT INTRACOASTAL REDEVELOPMENT OPPORTUNITY! Approx. .8-acre point/corner waterfront property with approx. 395' of waterfront—145' directly on the Intracoastal and 250' on a wide navigable side canal. Exceptional opportunity for a luxury waterfront estate or potential residential redevelopment. Currently owner occupied, providing the opportunity for continued occupancy while planning future redevelopment. Zoned RM-Multifamily Residential. City water serves the property. Municipal sewer is available at the property and sewer impact fees have been paid. Existing residence offered primarily for land/redevelopment value. All development potential and permitted uses subject to governmental approval and buyer verification. Property experiences seasonal King Tide/high-water conditions. Existing seawall is failing and will require replacement. Two existing septic systems will require abandonment with conversion to municipal sewer. Municipal sewer is available at the property and sewer impact fees have been paid.
Single-familyProperty Type
1954Year Built
0.82 acresLot Size
$2,813Price/Sq.Ft.
2 garage spacesParking
Listed by Kathy Gross• Nautica Realty
Bought with Joseph DeFalco• Signature Elite Properties LLC
Est. $6,275 per month, based on comparable rentals
Sale and tax history for 823 Palmer Rd
Sale History
Tax History
Date
Event
Price
Beaches MLS #B26062029
Sep 12, 2026
Price Changed
$4,650,000
$2,813/sq ft
Aug 31, 2026
Sold
$4,650,000
$2,813/sq ft
Aug 10, 2026
Pending
—
Aug 8, 2026
Listed
$6,000,000
$3,630/sq ft
+48
RARE DIRECT INTRACOASTAL REDEVELOPMENT OPPORTUNITY! Approx. .8-acre point/corner waterfront property with approx. 395' of waterfront—145' directly on the Intracoastal and 250' on a wide navigable side canal. Exceptional opportunity for a luxury waterfront estate or potential residential redevelopment. Currently owner occupied, providing the opportunity for continued occupancy while planning future redevelopment. Zoned RM-Multifamily Residential. City water serves the property. Municipal sewer is available at the property and sewer impact fees have been paid. Existing residence offered primarily for land/redevelopment value. All development potential and permitted uses subject to governmental approval and buyer verification. Property experiences seasonal King Tide/high-water conditions. Existing seawall is failing and will require replacement. Two existing septic systems will require abandonment with conversion to municipal sewer. Municipal sewer is available at the property and sewer impact fees have been paid.
Beaches MLS #B26061878
Aug 31, 2026
Sold
$4,650,000
$2,813/sq ft
Aug 12, 2026
Pending
—
Aug 8, 2026
Listed
$6,000,000
$3,630/sq ft
Beaches MLS #R2620551
May 1, 2016
Listing Removed
—
Feb 17, 2006
Listed
$3,500,000
$2,117/sq ft
Beaches MLS #R2459249
May 2, 2016
Listing Removed
—
Oct 26, 2004
Listed
$3,500,000
$2,117/sq ft
Public Records
Dec 4, 1996
Sold
$261,900
$158/sq ft
Public Records
Jun 21, 1988
Sold
$345,000
$209/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$9,342 (+3.0%)
2024
$9,070 (+2.4%)
2023
$8,858 (+0.7%)
2022
$8,794 (+0.3%)
2021
$8,765 (+0.6%)
2020
$8,712 (+1.2%)
2019
$8,612 (+5.2%)
2018
$8,184 (+0.8%)
2017
$8,116 (−0.4%)
2016
$8,150 (−2.5%)
2015
$8,359 (−0.3%)
2014
$8,382 (+1.3%)
2013
$8,275 (+0.3%)
2012
$8,248 (+0.9%)
2011
$8,174
Public record
Public record
Zoning
Beds
—
Baths
2
Stories
1
Lot width
15 ft.
Lot depth
250 ft.
Lot size
0.82 Acres
Year renovated
1996
Sq. Ft.
1,877
Year built
1954
Style
Single Family Residential
County
Palm Beach County
APN
00434604000010400
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 2, 2026.
RM
Multifamily Residential District
The RM district is intended primarily for the development of multiple family dwelling units.