115 Inlet WAY, Palm Beach Shores, FL 33404
115 Inlet WAY, Palm Beach Shores, FL 33404
115 Inlet WAY, Palm Beach Shores, FL 33404
115 Inlet WAY, Palm Beach Shores, FL 33404
115 Inlet WAY, Palm Beach Shores, FL 33404
115 Inlet WAY, Palm Beach Shores, FL 33404
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Bill Shearouse

Bill Shearouse

+1(561) 723-5888
$ 5,150,000
Est. payment | /mo

0.5 Acres Lot

Save Virtual Tour
$ 5,150,000
Est. payment | /mo
Save Virtual Tour

0.5 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Palm Beach Shores

MLS Listing ID A11983791

HOA Y/N No

Annual Tax Amount $85,406

Tax Year 2025

Lot Size 0.500 Acres

Acres 0.5

Property Sub-Type Unimproved Land

Property Description

LAND DEVELOPMENT OPPORTUNITY - Huge upside through the New Development up to 10 VILLAS or T-Homes Development Options Based on Permitted Lot CoverageSite 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 dedicatedstorage, plus roof top with summer kitchen.2. Eight luxury each 2,400 SF. condominiums in an elegant two-story building, featuring secure basementparking, 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 basementparking, 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)

Location

State FL

County Palm Beach

Community Street Lights

Area 5240

Zoning Multi-Family Resid

Direction North

Rooms

Other Rooms None

Interior

Interior Features InteriorFeatures

Fireplace No

Exterior

Community Features Street Lights

Waterfront Description None

Present Use Residential,Single Family

Street Surface Paved

Road Frontage Easement

Building

Lot Description Oversized Lot

Faces North

Additional Building None

Schools

Elementary Schools Lincoln

Middle Schools John F. Kennedy (Palm Beach)

High Schools William T. Dwyer

Others

Tax ID 54434227040000030

Acceptable Financing Cash

Listing Terms Cash

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11983791

BeachesMLS, Inc. (FLR) IDX
Listed by Jelena Grady Trust Invest Real Estate Corp

Nearby Locations

Bill Shearouse

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(561) 723-5888

bill@shearhouse.com

490 Oak Shadow Way, Wellington, FL, 33414, USA

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115 Inlet WAY