3103 Boynton Development Acquires 2.26-Acre Development Site In Boynton Beach For $6.6M

The Baywalk Project, a prime coastal residential development site in Boynton Beach, has been sold for $6,600,000. The 2.26-acre site, located at 3103 Federal Highway, is approved for up to 45 luxury townhomes. Situated across from the Intercoastal, this development offers a unique opportunity for luxury living in a highly sought-after location. The sale price translates to a cost of $67 per square foot, with a total area of 98,446 square feet.

Summary of Transaction Details:

• Property Type: Development Site
• Transaction Amount: $6,600,000
• Address: 3103 Federal Highway
• Market: Boynton Beach

Felipe Vergara's company, 3103 Boynton Development, has acquired The Baywalk Project. On the selling side, Southern Homes of Palm Beach V, represented by Jerry Aguirre, finalized the transaction. Manny Chamizo, the seller's representative from Sotheby's International Realty, facilitated the deal.

Manny Chamizo, recognized as a prominent figure in commercial real estate, serves as ONE Sotheby's Global Commercial Director. With a transaction record exceeding a billion dollars, he specializes in global investment and holds expertise in retail, multi-family, land development, and industrial sales. Alongside his clear and value-enhancing solutions, Chamizo has earned accolades such as the CoStar Power Broker Award for Retail Transactions in 2017 and the title of Commercial Agent Company-Wide in 2022. His top-tier publications recognition further underlines his proficiency in complex insurance aspects of commercial real estate.