980 Lago Mar Lane, Boca Raton, FL 33431

Overview

Description

Ideal location on Boca Raton's barrier island. Perfect parcel to build on and has R5 zoning. Located between Palmetto Park Road and Spanish River Blvd., off of State Road A1A. The property is steps from your private, deeded beach access. Lago Mar Lane is situated close to all shopping, dining, enteretainment and other necessitites in Boca Raton. It is minutes from Fort Lauderdale and West Park Beach international airports and is located on a private, dead-end street. A duplex currently sits on the property. Within one mile of 980 Lago Mar Lane are Red Reef and Spanish River parks, a nine-hole, oceanfront golf course and Gumbo Limbo Nature Center. Large pedestrian paths along A1A allow for easy walking and biking to these, and additional waterfront attractions/restaurants.

General Property Information

Property Sub Type: Unimproved Land
Lot Size Acres: 0.17
Lot Size Square Feet: 7500
Lot Size Dimensions: 100.0 ft x 75.0 ft
Minimum Livable Area: 1752
Direction Faces: North
LP/SqFt: 173.33

Property Features

Current Use: Multi-Family; Single Family Development Status: Unrecorded Plat Documents Available: Aerial; Survey Electric: Three Phase Location of Property: Beach Access; City Location Possible Use: Single Family Trees: Sabal Palm Utilities: Cable Available; Electricity Available; Natural Gas Available; Sewer Available; Water Available Vegetation: Grassed View: Garden Listing Terms: Cash Lot Features: Home Other Equipment: Irrigation Equipment Road Frontage Type: East of US-1; Private Road Road Surface Type: Paved Water Source: Public Showing Requirements: Call Listing Agent; Text Listing Agent Contingencies: None Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1300000
LP/Acre: 7549361.21

Location and Legal

County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 980
Street Name: Lago Mar
Street Suffix: Lane
City Name: Boca Raton
State Or Province: FL
Postal Code: 33431
Postal Zip: 33431
Subdivision Name: Lago Mar
Area: 4160
Geographic Area: PB01
Elementary School: J. C. Mitchell
Middle Or Junior School: Boca Raton Community
High School: Boca Raton
Parcel Number: 06434716000040180
Zoning: R5
Directions: From Palmetto Park Road and A1A, go north 11/2 miles to Lago Mar Lane, property is on the left (south) side. From Spanish River Blvd. and A1A, go south 1 mile to Lago Mar Lane, property is on the left

Financial Information

Tax Year: 2020
Tax Annual Amount: 8557.61
Tax Legal Description: 16-47-43, S 75 FT OF N 2800 FT OF WLY 100 FT OF ELY 212.72 FT LYG W OF SR A-1-A

Remarks and Miscellaneous

Public Historical Remarks: Elevation at Sea Level: 5 to < 10 Ft

More Information

Status Change Information

Major Change Timestamp: 2021-12-22T14:50:54Z
Major Change Type: Status Change
Status Change Date: 2021-12-22
Under Contract Date: 2021-09-24
Close Date: 2021-12-15
Close Price: 1300000
Buyer Financing: Cash
SP/Acre: 7549361.21

Short Sale Details

Short Sale Addendum: No

Price Calculations

Current Price To SqFt: 742.01
Original List Price To Close Price: Yes

Originating Details

Originating System Key: 20210723193925813635000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Electric

Three Phase: Yes

Documents Available

Aerial: Yes
Survey: Yes

Current Use

Multi-Family: Yes
Single Family: Yes

Development Status

Unrecorded Plat: Yes

Location of Property

Beach Access: Yes
City Location: Yes

Possible Use

Single Family: Yes

Trees

Sabal Palm: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Natural Gas Available: Yes
Sewer Available: Yes
Water Available: Yes

Vegetation

Grassed: Yes

View

Garden: Yes

Listing Terms

Cash: Yes

Lot Features

Home: Yes

Other Equipment

Irrigation Equipment: Yes

Road Frontage Type

East of US-1: Yes
Private Road: Yes

Road Surface Type

Paved: Yes

Water Source

Public: Yes

Showing Requirements

Call Listing Agent: Yes
Text Listing Agent: Yes

Contingencies

None: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes