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Palm Point Paradise Acquires Development Site In Hallandale Beach For $4.75M

501 Palm Drive
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This Development Site property located in FL was sold for $4,750,000 almost 3 years ago. The broker of the deal was Alan Chocron

Alan Chocron of Compass Real Estate facilitated the sale of a development site located at 501 Palm Dr in Hallandale Beach. The property spans 43,160 square feet and was sold for a price of $4,750,000, resulting in a price per square foot of $110.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $4,750,000
  • Address: 501 Palm Dr
  • Market: Hallandale Beach
  • Buyer: Palm Point Paradise
  • Seller: Angel Holding
  • Broker: Alan Chocron - Compass Real Estate

In addition to the sale, Alan Chocron of Compass Real Estate has plans to develop three brand new waterfront homes on the property.

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Deals
  • Location
    501 Palm Drive, Hallandale Beach, FL, USA501 Palm Drive, Hallandale Beach, FL, USA
  • Sale Price
    $4,750,000$4,750,000
    $110 PPSF$110 PPSF
  • Area
    43,160 SF43,160 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Alan Chocron

Alan Chocron

Deals18
Sold$84.6M

Agency

Compass

Compass

Agency
Deals2901
Volume$20.9B

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Deal Summary

SALE IMAGE: Alan Chocron DATE: 05/14/2021 ADDRESS: 501 Palm Dr MARKET: Hallandale Beach ASSET TYPE: Development Site BUYER: Palm Point Paradise SELLER: Angel Holding BROKER: Alan Chocron @Alan_Chocron - Compass Real Estate SALE PRICE: $4,750,000 SF: 43,160 ~ PPSF: $110 NOTE: CHOCRON DEVELOPMENT SITE, 3 Brand New Waterfront homes coming soon!

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501 Palm Drive

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