6650 Riggers Road

Description

Value Add Estate Sale-Contiguous six-home single-family portfolio located along Rigger Road in Atlantis, Florida, within immediate proximity to the Lake Worth Beach growth corridor and central Palm Beach County employment base. This offering represents a compelling Value Add investment opportunity. The portfolio is priced at $221.26/SF-well below market value. The portfolio comprises six detached single-family residences situated on a combined ~82,500 SF of land with a total of 10,788 gross square feet, all within a tight geographic cluster that allows for operational efficiency, unified management, and future strategic repositioning. Properties... Read more were constructed between 1974 and 1983. +++++Download the Attached Offer Memorandum+++++ The Properties Folio Address Gross Adj Lot Size Age SF SF Size00-43-45-06-02-043-0040 6615 Rigger Rd PAPA-6615 RIGGER RD 2260 1584 18731 197700-43-45-06-02-043-0070 6633 Rigger Rd PAPA-6633 RIGGER RD 1388 1224 9351 197800-43-45-06-02-042-0070 6640 Rigger Rd PAPA-6640 RIGGER RD 1856 1502 17860 198100-43-45-06-02-042-0090 6650 Rigger Rd PAPA-6650 RIGGER RD 1870 1683 17856 198100-43-45-06-02-043-0090 6663 Rigger Rd PAPA-6663 RIGGER RD 1820 1470 9351 197400-43-45-06-02-043-0080 6665 Rigger Rd PAPA-6665 RIGGER RD 1594 1287 9351 1983Town of Atlantis, Palm Beach County-Market Overview The City of Atlantis is a highly distinctive, low-density residential enclave located in east-central Palm Beach County within the Miami-Fort Lauderdale-West Palm Beach metropolitan area. Originally developed in the late 1950s as a planned golf and country club community, Atlantis has evolved into a fully incorporated city known for its quiet, gated character, mature landscaping, and stable, owner-occupied residential base. The city spans approximately 1.4 square miles and is home to just over 2,100 residents, creating a uniquely intimate community atmosphere that is increasingly rare in South Floridas urbanizing landscape. Demographically, Atlantis skews toward a highly educated, affluent, and mature population, with a median age above 60 and household incomes that significantly exceed national and county averages-factors that contribute to long-term housing stability and consistent demand for quality residential product.From a real estate perspective, Atlantis benefits from limited inventory, strong buyer demand, and above-average pricing relative to broader Palm Beach County. Recent market data indicates median home values generally ranging from the low-to-mid $500,000s, with typical home values in some reports approaching or exceeding the $600,000 range. Pricing varies widely by property type, size, and location, with smaller condominium or villa-style residences trading at more accessible entry points, while larger single-family homes and golf-adjacent properties regularly achieve seven-figure valuations. Active inventory remains constrained, and average days on market tend to reflect a balanced to competitive environment, particularly for well-located or updated properties.The housing stock in Atlantis is a diverse mix of single-family residences, villas, and condominium units, offering a broad spectrum of architectural styles and floor plans. Properties range from modest two-bedroom homes to larger estate-style residences with expansive lots, creating appeal across multiple buyer profiles-from downsizing residents and second-home purchasers to higher-net-worth households seeking privacy and proximity to Palm Beach Countys coastal, medical, and commercial corridors. Regionally, Atlantis consistently outperforms the countywide median on pricing metrics, underscoring the premium associated with its small-city character, controlled growth, and limited supply.Overall, Atlantis represents a fundamentally