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0 Nob Hill Rd - Heron Bay Residential Development Site
21 Acres of Commercial Land in Parkland, FL 33076
Investment Highlights
- Unique and rare offering in the market indicates that this property has distinctive features that set it apart from other similar sites in the area.
- The City of Parkland, the current owner of the site, envisions a residential single-family home development on the site.
- Large-scale site in a geographically constrained area like South Florida, where such sites are challenging to find.
- 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.
Executive Summary
* Please arrange with the contacts above for submission link prior to submission to ensure file size is acceptable.
Colliers is pleased to present the opportunity to purchase 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. Inactive golf-course redevelopments have become increasingly popular for developers to reposition vacant land throughout South Florida, taking advantage of their central, highly desirable locations and large-scale possibilities. The City of Parkland, who currently owns the site, envisions a residential single-family home development in the +/- 21-acre phase I of the site, allowing developers to work closely with the municipality to approve 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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
1 Lot Available
Lot
| Lot Size | 21.00 AC |
| Lot Size | 21.00 AC |
The subject property is situated off Heron Bay Boulevard, directly north of the Sawgrass Expressway, which is a major east-west artery that runs across western and northern Broward County.
Description
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, which 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.
PROPERTY TAXES
| Parcel Number | 48-41-05-01-0134 | Improvements Assessment | $1,600 |
| Land Assessment | $3,562,510 | Total Assessment | $3,564,110 |
PROPERTY TAXES
zoning
| Zoning Code | A-1 (Residential) |
| A-1 (Residential) |
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0 Nob Hill Rd - Heron Bay Residential Development Site
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