$65M Oceanfront Development in Palm Beach County’s Singer Island Hits The Market

A prime oceanfront development site has just been listed for $65 million on Singer Island, located at 5400 N. Ocean Drive in Palm Beach County. The property offers a rare chance to redevelop one of the region’s most desirable stretches of coastline, part of a growing trend where older oceanfront buildings are being prepared for sale with the hopes of attracting major developers at higher valuations.

The parcel boasts 200 linear feet of unobstructed waterfront views and is zoned for the redevelopment of a 20-story ultra-luxury condominium tower with up to 53 units. A new buyer will have the opportunity to deliver residences with sweeping ocean-to-Intracoastal views, surface parking, and lifestyle amenities designed to compete at the highest tier of South Florida’s luxury market.

Singer Island is known for its seven miles of pristine beaches, upscale hotels and resorts, and proximity to attractions such as Ocean Reef Park, the Palm Beach Inlet, and downtown West Palm Beach. Ocean Drive, the island’s main stretch, is lined with condo towers to the east and the Lake Worth Lagoon to the west, creating a highly coveted pocket of real estate for developers seeking to deliver the next wave of luxury living.

Patrick LeTourneau & Katie Weisz at ONE Sotheby’s International Realty are listing the property.

Photographer credit: Living Proof Photography / ONE Sotheby’s International Realty