21630 Palm Beach Boulevard
About This Property
Discover endless possibilities with this unique 3-bedroom, 2-bathroom elevated home, perched on pilings and set on a picturesque waterfront lot along a winding creek leading to the Caloosahatchee River. Built in 1992, this property combines serene natural beauty with prime commercial potential, located in the heart of a rapidly growing corridor with direct access and frontage on State Road 80 / Palm Beach Blvd. Rent it out and make money while working on your long-term development vision for the property.
Surrounded by majestic oak trees and bamboo, the home features multiple porches offering elevated views, perfect for soaking in the tranquil landscape or envisioning future development. Fully fenced and gated, the grounds include two separate storage buildings and ample open space - even room to land a helicopter.
Whether you're seeking a private waterfront retreat, an investment with huge upside, or a commercial development opportunity, this property delivers unmatched versatility in a location poised for growth.
Key Features:
3 Bedrooms / 2 Bathrooms.
Elevated Construction on Pilings.
Direct Creek Access to Caloosahatchee River.
Frontage on State Road 80 / Palm Beach Blvd.
Multiple Covered Porches with Scenic Views.
Two Onsite Storage Buildings.
Fenced, Gated, and Private.
Potential for Commercial Use or Redevelopment.
This is more than just a home - it's a chance to own a piece of the future. Schedule your private showing today and explore the incredible potential of this one-of-a-kind waterfront property.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 18, 2025 | Sold | ||
| Sold | |||
| Oct 12, 2025 | In contract | - | |
| In contract | |||
| Oct 9, 2025 | Listed | $450,000 | |
| Listed | |||
| | |||
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Rare Income Producing Waterfront Opportunity with Future Commercial Potential on State Road 80. Discover endless possibilities with this unique 3-bedroom, 2-bathroom elevated home, perched on pilings and set on a picturesque waterfront lot along a winding creek leading to the Caloosahatchee River. Built in 1992, this property combines serene natural beauty with prime commercial potential, located in the heart of a rapidly growing corridor with direct access and frontage on State Road 80 / Palm Beach Blvd. Rent it out and make money while working on your long-term development vision for the property. Surrounded by majestic oak trees and bamboo, the home features multiple porches offering elevated views, perfect for soaking in the tranquil landscape or envisioning future development.
| |||
| Aug 22, 2025 | Listed by Southern Heritage Real Estate | $450,000 | |
| Listed by Southern Heritage Real Estate | |||
| Dec 8, 2023 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017