1 / 1369 Armadillo Way, West Palm Beach FL 33411
West Palm Beach, FL
List Price
$1,500,000
Type
Single Family
Price reduction
Distressed / value-add opportunity
Occupancy
vacant
From the listing
Vacant land. Incredible 5.04-acre waterfront property featuring approx. 3.04 acres of upland and a 2.00-acre private road easement. Fully fenced and gated, with 600 feet of water frontage on the C-51 Canal, a navigable waterway maintained by the U.S. Army Corps of Engineers. Riparian rights included, allowing the opportunity to build a private dock and keep your boat in your backyard. The deeded 60-ft private road offers rare privacy and control. Ideal for adding a gated entrance. No HOA. Located near Southern Blvd and the Turnpike, just 15 mins to PBI Airport. Sail to Lake Osborne. A truly one-of-a-kind, build-ready site in a rapidly developing area. Survey can be found under ''documents''.
Property Information
- Units
- 1
- Days on Market
- 381
- Status
- active
Location
- County
- Palm Beach County
- Zip Code
- 33411
- Coordinates
- 26.6779, -80.1698
Represented by Academia
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Why this deal
- 0% off original list price
- Value-add opportunity
- Represented end-to-end by Academia
- Active listing — move quickly
Deal Score
44/100
Thin
is scored →
No comp-based ARV yet for this listing — equity scored neutral.
0.0% off original list (full marks at 25%+).
381 days on market (full marks at 120+ — more time = more leverage).
No explicit distress language in the public remarks.
A screen of the public MLS data we have — not an appraisal, valuation, or investment advice. Factors marked “assumed” were missing from the feed and scored neutral.
Deal scorecard
How four stakeholders read this deal
Strengths
- Flood zone X — outside the Special Flood Hazard Area; flood insurance not federally mandated
Risks
- Equity not yet estimated — no comps available for ARV
What a super-investor sees
Investor
Investor equity estimate based on ARV from closed MLS comps minus list price and estima…
- Equity not yet estimated — no comps available for ARV
What a bank sees
Lender / financing
Lender financeability estimate based on list price, ARV, and condition signals. Not a f…
What an insurer sees
Insurance / 4-point
insurability v1. Miami-Dade is entirely within the HVHZ (High-Velocity Hurricane Zone) …
- Flood zone X — outside the Special Flood Hazard Area; flood insurance not federally mandated
What a GC / AHJ sees
Permits / condition
Permit data from county permit records; may lag; verify open permits with the AHJ. Limi…
4-point — last permit
- Roofnone
- Electricalnone
- Plumbingnone
- HVACnone
Estimates from public data — not an appraisal, insurance quote, or financing commitment. Insurability as of 2026-07-24. Verify with licensed professionals.
Deal calculator
Value-add deal calculator
69 Armadillo Way, West Palm Beach FL 33411, West Palm Beach, FL
No closed comps matched yet — ARV below is a starting estimate. Verify.
Recommended max offer
$998,000
Room vs list (above list)
$502,000
Est. equity
-$234,600
-16% of ARV, at list
ROC at list
-14%
Est. all-in at list
$1,734,600
list + rehab + txn + carry
70% rule MAO
$998,000
Estimates only — not investment advice or an offer. ARV is drawn from recent closed comps; rehab from a rate-card range. Verify ARV, rehab, and all costs with a licensed professional before acting.