±21-Acre Residential Development Opportunity in Parkland, FL

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EXECUTIVE SUMMARY

For sale  the Heron Bay Residential Development Site located in Parkland, FL. The property is part of the former Heron Bay Golf Course and is a prime residential development opportunity. The +/- 21-acre “dogleg” parcel is located on the eastern border of the former course and runs parallel to Nob Hill Road, then turns westbound towards Heron Run Drive. The property represents the rare opportunity to acquire and redevelop a large-scale site in an affluent, upscale suburban neighborhood such as Parkland in Northwestern Broward County.

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DEVELOPMENT SUMMARY

The Heron Bay Parkland Development site represents a unique and rare offering in the market to develop a large-scale site in a highly desired location. In a geographically constrained area such as South Florida, large scale sites are challenging to find and are highly valuable as they provide efficient project site plans and a variety of uses that best enhance the communities in which they are built. The City of Parkland, who currently owns the site, envisions a residential single-family home development in the ±21-acre site, allowing developers to work closely with the municipality for the approval of the project. The projected density of the site would call for the development of 3 single-family homes per acre up to a maximum of 63 homes.

Asking Price:  $15 million.

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