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115 Inlet Way, Palm Beach Shores, FL 33404

$5,150,000

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List Price: $5,150,000
MLS#: A12079363
Status: PENDING
Type: Land

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Property Description

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)

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Additional Information

Days on Market: 3
Tax Amount: $85,406
Water Access: None
Parcel Number: 54434227040000030
Front Exposure: North
Lot Size: 21,571
Address: 115 Inlet Way, Palm Beach Shores
Development Name: Palm Beach Shores, Land
Development: Palm Beach Shores, Land
Section: 27