A vacant lot in Palm Beach that will soon become a four-unit townhouse complex sold for $6 million.
The property, which is located at 215 Brazilian Avenue, sat on the market for more than three years before it was approved last month for development.
The townhouses coming to the site are priced between $6.25 million and $6.75 million each, listing agent Chris Deitz of Fite Shavell & Associates told the Palm Beach Daily News.
Broker Steve Hall of Hall Real Estate represented the seller, 215 Brazilian Holding, which is controlled by managers Aby Rosen and Michael Fuchs. The site’s future development is through a joint venture between Arca 21 and Capital Development Group International. [PBDN] – Christopher Cameron