123 Chilean Avenue, Palm Beach, FL 33480 (MLS# R10972710)

123 Chilean Avenue, Palm Beach, FL 33480

$6,600,000
Property Type: Land & Docks Status: Closed
Current Price: $6,600,000 List Date: 3/28/2024 Last Modified: 3/13/2026

Overview

Description

LAND ONLY with ARCOM APPROVED PLANS. Midtown Ocean Block with Beach Access. Conveniently Located Near Worth Avenue, Shopping, Restaurants, Palm Beach Luxury Marina, Intracoastal, Atlantic Ocean, Colony Hotel and So Much More! Spectacular location ready for NEW BUILD Single Family Quintessential Palm Beach Two Story Home with Open Living Floor Plan. Separate Cabana/Bedroom. SKA Architect + Planner. PERFECT OPPORTUNITY to CUSTOMIZE the Finishes. Complete with elevator and generator planning. *Measurements based upon architect's plans, approximate.

Listing Details MLS# R10972710

General Property Information

Property Sub Type
Unimproved Land
Lot Depth
125
Lot Frontage
50
Direction Faces
North

Property Features

Association Amenities: None Comprehensive Plan Use: Other Current Use: Single Family Development Status: Raw Land Documents Available: Aerial; Building Plan Location of Property: Other Possession: Close Of Escrow Possible Use: Single Family Trees: None Utilities: Cable Available; Natural Gas Available; Phone Available; None; Other Vegetation: Grassed View: Other Listing Terms: Cash; Conventional Lot Features: Cleared; Other Road Surface Type: Paved Showing Requirements: Call Listing Agent Contingencies: None Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Listing Contract Date
2024-03-26
Original List Price
8400000
LP/Frontage
148000

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
123
Street Name
Chilean
Street Suffix
Avenue
City Name
Palm Beach
State Or Province
FL
Postal Code
33480
Postal Zip
33480
Subdivision Name
ROYAL PARK ADD TO P B IN
Area
5002
Geographic Area
PB30
Parcel Number
50434323050080311
Multiple Offers Accepted
No
Zoning
Residential
Directions
2 blocks North of Worth Avenue and S. Ocean Boulevard. Property is located one building from S. Ocean Boulevard and Beach. Between Royal Palm Way Bridge and Southern Bridge in Palm Beach.

Financial Information

Tax Year
2023
Tax Annual Amount
51910.8
Tax Legal Description
ROYAL PARK ADD E 10 FT OF LT 31, LT 32 & W 15 FT OF LT 33 BLK 8

Status Change Information

Major Change Timestamp
2025-04-15T13:37:01Z
Major Change Type
Status Change
Price Change Timestamp
2024-10-04T19:37:40Z
Status Change Date
2025-04-15
Under Contract Date
2025-03-21
Close Date
2025-04-15
Close Price
6600000
Buyer Financing
Cash

More Information

Short Sale Details

Short Sale Addendum
No

Concessions

Seller Concessions
No

Contributions

Buyer Contributions
No

Price Calculations

Original List Price To Close Price
1.27

Originating Details

Originating System Key
20240327214158839509000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Association Amenities

None
Yes

Documents Available

Aerial
Yes
Building Plan
Yes

Comprehensive Plan Use

Other
Yes

Current Use

Single Family
Yes

Development Status

Raw Land
Yes

Location of Property

Other
Yes

Possession

Close Of Escrow
Yes

Possible Use

Single Family
Yes

Trees

None
Yes

Utilities

Cable Available
Yes
Natural Gas Available
Yes
Phone Available
Yes
None
Yes
Other
Yes

Vegetation

Grassed
Yes

View

Other
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Cleared
Yes
Other
Yes

Road Surface Type

Paved
Yes

Showing Requirements

Call Listing Agent
Yes

Contingencies

None
Yes

Acreage Description

Less Than 1/4 Acre Lot
Yes
Listing Office: Douglas Elliman
IDX
Last Updated: March - 13 - 2026
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