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Vacant lot near Sailfish Club priced at $2.7M

Posted On: 09-04-2014

By Darrell Hofheinz Daily News Staff

Writer After the town shot down its owner’s plans for a controversial modern-style house this summer, a vacant corner lot at 167 Seagate Road on the North End is on the market for $2.7 million.

The property measures about a third of an acre and fronts North Lake Way, kitty-corner from the Sailfish Club.

Brown Harris Stevens agent Paula Mikus has listed the lot for seller Mads Thomsen. He had bought the property in February for about $1.69 million, property records show, and immediately demolished a 1950s-era house there with the intention of building a custom home. But he abandoned those plans in July after the Town Council upheld the Architectural Commission’s decision to reject the house’s design.

A cleared lot of its size a block from the Intracoastal Waterway is a prime – and rare — commodity, Mikus said, adding that the price reflects its value. Town codes would allow a buyer to build a house with up to 5,900 square feet of living space, inside and out. Second-story windows would offer views of the lake across the Sailfish Club’s parking lot.

“It’s ready to go. We’ve had a lot of interest,” said Mikus, who has fielded calls from builders, developers and private buyers looking to build custom homes.

“People are looking for (property in) that neighborhood,” she added.

Access to the Lake Trail is directly across North Lake Way, and there’s also a beachfront cabana for use by residents of Seagate Road.

Danish-born Thomsen bought the property from Derrin Scott, who was represented in the sale by agents Elizabeth Cleckner and John S. Pangborn of the Corcoran Group. Agent Thor M. Brown of Fite Shavell & Associates acted on Thomsen’s behalf.

Thomsen put the lot on the market the day after the council denied his appeal of the commission decision. Among its reasons for rejecting the project, commissioners had said the house’s International Style architecture would violate code because it was too “dissimilar” from other styles in the neighborhood.

Thomsen, who at one time made his living in construction, rejected that view and said he is still deciding his next move.

“I would have loved to have built there. It’s a great lot,” he said. “I spent over $500,000 on legal fees, demolition and taxes, sitting on something I couldn’t use.”

 

Source: Darrell Hofheinz, September 4, 2014, Palm Beach Daily News

 

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