2105 Cove LaneNorth Palm Beach, FL 33408Price: $4,950,000

Positioned at the end of a quiet, mature oak tree-lined, cul-de-sac street, West of Ellison Wilson Road and North of PGA Blvd. in a community with no HOA fees, build your direct intracoastal dream home on this lot with a view of the preserve across the water. Other options include combining this lot with the parcel immediately adjacent to the South (2103 Cove Lane also for sale) and building an amazing home on over 204 feet of direct waterfrontage on the Intracoastal Waterway, located in the highly desirable ''No Wake Zone'' between PGA Blvd. and Donald Ross Road on the East side of the waterway. Another option includes purchasing both lots, building a spec on one, and saving the other property to duplicate the success of the first build. Both properties are already zoned for low-density residential multi-family. This presents a unique opportunity to pursue a one-of-a-kind mulit-family waterfront development and create an income-producing investment from the units and boat slips. The South vacant lot (2103 Cove Lane) is .35 acres and 105 feet of frontage on the water, and the North lot (2105 Cove Lane) is .41 acres with 99 feet of frontage on the water, a home and two apartments, plus a garage and shared pool. The combined properties boast three docks, two boat lifts (16,000 Lbs. and 12,000 Lbs.), and water and sewer to the site. The possibilities with these lots are truly limited only by your imagination.