115 Inlet Way, Palm Beach Shores, FL

$5,150,000

Previous Next

0.50

Acres

About 115 Inlet Way

LAND DEVELOPMENT OPPORTUNITY - Huge upside through the New Development up to 10 VILLAS or T-Homes Development Options Based on Permitted Lot Coverage Site total square footage: 21,426 SF. Dwelling unit density. 10 units. “ Dwelling unit density is “twenty-one (21) units per acre.” Options 1. Six Luxurious exclusive 3,200 SF. townhouses, each featuring a private pool, basement parking, and dedicated storage, plus roof top with summer kitchen. 2. Eight luxury each 2,400 SF. condominiums in an elegant two-story building, featuring secure basement parking, private gardens or rooftop terraces, and a community pool. 3. Ten luxury each 1,900 +/- SF. condominiums in an elegant two-story building, featuring secure basement parking, private gardens or rooftop terraces, and a community pool. steps away from the beach and waterways & filling up highest and best use. Current zoning allows for multifamily use. Building is class C and B (Zoned for Multifamily) Rare opportunity for a reputable developer, fund, assets managing group to purchase an free and clear asset in Palm Beach Shores, new developments rising all over the Palm Beach shores. (attachments: some photos are renderings)

Features of 115 Inlet Way

MLS® # A12079363
Price $5,150,000
Acres 0.50
Type Land / Boat Docks
Sub-Type Unimproved Land
Status Pending

Community Information

Address 115 Inlet Way
Area 5240
Subdivision PALM BEACH SHORES
City Palm Beach Shores
County Palm Beach
State FL
Zip Code 33404
HOPA No Hopa

Amenities

Is Waterfront No
Waterfront None

Exterior

Lot Description Street Lights, Oversized Lot

School Information

Elementary Lincoln
Middle John F. Kennedy (Palm Beach)
High William T. Dwyer

Additional Information

Zoning Multi-Family Resid
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeTrust Invest Real Estate Corp

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?