115 Inlet Way, Palm Beach Shores, FL 33404

$5,150,000

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List Price
$5,150,000
MLS#
A11983791
Lot Size
21,571
Lot Dimensions
22000
Subtype
Unimproved Land
County
Palm Beach
Subdivision
Palm Beach Shores
Region
5240

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)

Additional Information

Community Features
Street Lights
Elementary School
Lincoln
Middle School
John F. Kennedy (Palm Beach)
High School
William T. Dwyer

Listing courtesy of Trust Invest Real Estate Corp. Contact:

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