$6,400,000
245 COLONIAL Lane
Palm Beach, FL 33480
EL ENCANTO 2
Explore the area: Palm Beach homes for sale · Palm Beach County real estate
Price Check
How this price compares
- Asking price
- $6,400,000
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 15
This lot in ZIP 33480 went under contract with an asking price of $6,400,000. It spent 15 days on the market before going under contract.
Estimated monthly payment
$33,635 /mo
Principal and interest only, based on $1,280,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $6,400,000
- Days on Site
- 15 Days
- Bedrooms
- 0
- Total Baths
- 0
- Lot Size
- 0.17 Acres
- Property Type
- Land
- MLS #
- B26062257
- Property Tax
- $15,377 (2025)
- Subdivision
- EL ENCANTO 2
- County
- Palm Beach
- Status
- Under Contract
- Special Conditions
- Standard
About This Property
Incredible opportunity on a quiet North End 7400+ sf lot with beach access and nearby lake trail access. DISCLAIMER: The written and verbal information provided including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics have been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All information including that produced by the Sellers or Listing Company are subject to errors, omissions or changes without notice and should be independently verified by any prospect for the purchase of a Property. The Sellers and Listing Company expressly disclaim any warranty or representation regarding all information. Prospective purchasers' use of this or any written and verbal information is acknowledgement of this disclaimer and that Prospects shall perform their own due diligence. Prospective purchasers shall not rely on any written or verbal information provided when entering a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas. Copyright 2023 Listing Company. All Rights Reserved.
MLS media linkGeneral Features
- Property Type
- Land
- Status
- Under Contract
- Lot Size (Acres)
- 0.17
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- R-B (city)
Exterior Features
- Lot Features
- Less Than Quarter Acre
Community & HOA
- Utilities
- Cable Available / Electricity Available / Sewer Connected / Water Available
- Financing Terms
- Cash / Conventional
- MLS Area
- 5001
Schools
- Elementary School
- Palm Beach Public
- High School
- Palm Beach Lakes
About the Area
Browse Palm Beach homes for sale across every neighborhood and price point in Palm Beach. Available homes span single-family, townhome, and condo segments throughout the city. Palm Beach includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Palm Beach, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Palm Beach market data, see Florida Realtors' monthly statistics. Browse the latest Palm Beach listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 239
- Under Contract
- 43
- Median List Price
- $2,850,000
- Median Sale Price (September)
- $2,706,000
- Median $/Sq Ft
- $1,642
- Avg Days on Market
- 171
Frequently Asked Questions
- How do I schedule a tour of 245 COLONIAL Lane, Palm Beach, FL 33480?
- Use the Tour button on this listing to request a showing of 245 COLONIAL Lane, Palm Beach, FL 33480. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 245 COLONIAL Lane, Palm Beach, FL 33480 still available?
- 245 COLONIAL Lane, Palm Beach, FL 33480 is currently listed as Under Contract, and has been on the market 15 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 245 COLONIAL Lane, Palm Beach, FL 33480?
- With 20% down ($1,280,000) on the $6,400,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 245 COLONIAL Lane, Palm Beach, FL 33480 is about $33,635/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 245 COLONIAL Lane, Palm Beach, FL 33480?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 245 COLONIAL Lane, Palm Beach, FL 33480. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 245 COLONIAL Lane, Palm Beach, FL 33480?
- 245 COLONIAL Lane, Palm Beach, FL 33480 is zoned for Palm Beach Public (elementary), Palm Beach Lakes (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 245 COLONIAL Lane, Palm Beach, FL 33480?
- Often, yes. The right offer on 245 COLONIAL Lane, Palm Beach, FL 33480 depends on how it's priced against comparable land sales in Palm Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Douglas Elliman
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated August 30, 2026.
$6,400,000
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Listed by Cara Coniglio McClure, Douglas Elliman
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Recent Sales
Recently sold homes in ZIP 33480
These are the last 6 recorded closings in ZIP 33480, with the price each home actually sold for rather than what it was listed at. They closed at a median of $650 per square foot. The most recent closed on October 9, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$3,550,000
Sold · October 9, 2026
250 Bradley Place 408
3 bed · 2.5 bath · 1,653 sqft · $2,148/sqft
$445,000 under the asking price
Sold$420,000
Sold · October 9, 2026
3450 S Ocean Boulevard 712
1 bed · 1.5 bath · 1,008 sqft · $417/sqft
$29,900 under the asking price
Sold$912,000
Sold · October 8, 2026
3546 S Ocean Boulevard 405
2 bed · 2 bath · 1,402 sqft · $650/sqft
$113,000 under the asking price
Sold$330,000
Sold · October 7, 2026
3601 S Ocean Boulevard 104
2 bed · 2.5 bath · 1,408 sqft · $234/sqft
$5,000 under the asking price
Sold$6,500,000
Sold · October 7, 2026
2100 S Ocean Boulevard 408N
3 bed · 3 bath · 3,107 sqft · $2,092/sqft
$700,000 under the asking price
Sold$87,000
Sold · October 5, 2026
4001 S Ocean Boulevard 114
0 bed · 1 bath · 375 sqft · $232/sqft
$12,000 under the asking price
See every recorded sale in ZIP 33480 or find out what your ZIP 33480 home is worth.
