Property Overview
Presenting a prime vacant land development opportunity in the heart of Greenacres, Florida. This parcel offers the ability to build up to eight (8) townhomes, making it an exceptional opportunity for builders, investors, and developers looking to capitalize on the strong housing demand in Palm Beach County. With site potential already identified, this property is ready to transform into a highly desirable residential community.
Land & Development Features
Zoned for multifamily / townhome development
Capacity to build up to 8 attached townhomes
Flat, buildable parcel with minimal site prep required
Utilities accessible at the property line (water, sewer, electric)
Attractive layout potential for modern, family-friendly residences
Investment Highlights
Excellent infill development site in a high-demand housing market
Strong rental or resale potential once townhomes are completed
Ability to design modern layouts to meet current buyer and renter demand
Rare opportunity in a submarket with limited new construction supply
Flexible exit strategies: hold as income-producing rentals or sell individually as fee-simple townhomes
Location & Market Advantages
Centrally located in Greenacres, Palm Beach County
Convenient access to I-95 and Florida’s Turnpike for easy commuting
Minutes from shopping centers, schools, parks, and local amenities
Short drive to downtown West Palm Beach and Palm Beach International Airport
Situated in a strong-growth corridor with increasing demand for affordable yet modern housing options
📌 Summary: 3716 Elaine Dr represents a rare opportunity to acquire vacant land with approvals for 8 townhomes in one of South Florida’s most desirable rental and ownership markets. With its central location, strong buyer demand, and favorable development potential, this property is an ideal project for builders and investors seeking immediate value and long-term upside.