NEW DEVELOPMENT OPPORTUNITY - Huge upside through the New Development up to 10 VILLAS or T-Homes of 2500-3000 sq feet, steps away from the beach and waterways & filling up highest and best use. Huge lot of 22,000 sq feet Two current Buildings of two floors under renovation. 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. (NOTE: some photos are renderings)
Property Details
Property Features
Property Information:
Architectural Style: Fourplex
Year Built: 1953
Stories: 2
Living Area: 9,368 SqFt
Listing Office:
Office Name: Trust Invest Real Estate Corp
Office Phone: (844) 414-4488
Listing Agent: Jelena Grady
Interior Features
Interior Information:
Flooring Type: Concrete
Lot Features
Lot Information:
Lot: Oversized Lot
Utilities
Utilities Information:
Heating: None
Cooling: None
Price Information
Listing Price Info
Price Summary:
List Price: $6,500,000
Price Per SqFt: $694/SqFt
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Housing Market Comparison
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
6
/10
Northboro Elementary School
400 40th St
Distance between this listing and this school2.15 miles
Public Magnet Grades PK-5
5
/10
Lake Park Elementary School
410 3rd St
Distance between this listing and this school2.16 miles
Public District Grades PK-5
3
/10
West Riviera Elementary School
1057 W 6th St
Distance between this listing and this school2.24 miles
Public District Grades EE-5
Nearby Schools
6
/10
The Conservatory School @ North Palm Beach
401 Anchorage Dr
Distance between this listing and this school2.92 miles
Public Magnet Grades PK-8
3
/10
John F. Kennedy Middle School
1901 Avenue S
Distance between this listing and this school3.06 miles
Public Magnet Grades 6-8
10
/10
Bak Middle School of the Arts
1725 Echo Lake Dr
Distance between this listing and this school3.59 miles
Public Magnet Grades 6-8
Nearby Schools
6
/10
Inlet Grove Community High School
600 W 28th St
Distance between this listing and this school2.06 miles
Public Charter Grades 9-12
2
/10
Alternative Program Central
1041 45th St
Distance between this listing and this school2.50 miles
Public District Grades 4-12
9
/10
Suncoast Community High School
1717 Avenue S
Distance between this listing and this school2.93 miles
The neighbors living near this home have an average income of $64,773. Typical income of Palm Beach Shores, FL residents is between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
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This home is located at 115 Inlet Way in Palm Beach Shores, FL and zip code 33404. This 9,368 square foot home was built in 1953. It has been listed on Rocket Homes since July 11, 2024 and is currently priced at $6,500,000.
Palm Beach Shores, FL housing market in November 2024 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 2 sold below. The inventory of homes for sale in Palm Beach Shores, FL between October 2024 and November 2024 increased by 13.3%. Listings spent 71 days on the market in November 2024, and had a median list price of $1,250,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
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