June 2014

Found 1 blog entry for June 2014.

Riviera Beach land between resorts sells for $10.5M

Property trades for steep discount from 2005, 2008 sale prices

June 02, 2014 12:45PM  The Real Deal South Florida Real Estate News

Riviera Beach Investors plunked down $10.5 million for a beachfront property located between the Palm Beach Marriott Singer Island Resort & Spa and Hilton Singer Island Oceanfront/Palm Beaches.

The Orlando-based company acquired the 2.8-acre parcel at 3730 North Ocean Drive last Tuesday, according to Palm Beach County records. It did not obtain financing for the purchase. The property’s zoning allows for hotel or residential development.

Another Orlando company, Marriott Ownership Resorts, sold the land to Riviera Beach Investors, which got a significant discount

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