Home » Palm Beach Shores » 115 Inlet Way, Palm Beach Shores, FL 33404 | A11620898

115 Inlet Way, Palm Beach Shores, FL 33404 | For Sale

$6,750,000
Price has increased by $6,075,000

Property Highlights

Listing ID A11620898 Status of this Listing: Active For Sale Property Type Residential Income (Multifamily 2-4) Fourplex (Quadruplex) Living Space 9,368 Sqft/870.32 m2 approx. Building Area 12,928 Sqft/1201.05 m2 approx. POOL Year Built 1953 Seller considers Owner Financing Time of this property on Rebonus 56 Day(s)
60 Photos of this Property

115 Inlet Way, Palm Beach Shores, FL 33404

Property Description: Huge upside through updating and renovation into Luxury Airbnb Resort style (vacation units), steps away from the beach and waterways or through re-development & 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. Great potential for Airbnb / Vacation Rental, 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 renderings)

Useful Info

Previous Asking Price:$675,000
Original List Price:$675,000

Lease Details

Rent Includes:
  • Other

Land Lot (Parcel) Details

Lot Features:
  • Oversized Lot
Lot Size Unit:Square Feet

Construction

Builder Model:Multifamily Airbnb
Year Built Details:
  • Effective Year Built
Architectural Style:
  • Fourplex
Levels:Two
Construction Materials:
  • Block
Flooring:
  • Concrete
Stories:2

Property Features

Waterfront:No
Swimming Pool Features:
  • Heated
  • Pool
Roof:
  • Other

Taxes and Expenses

Tax Annual Amount:$87,550

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Property Tax Status:Tax Reflects City & County Tax

Terms

Documents Available:
  • Other
  • Contract(s)
Listing Terms Considered by Seller:
  • Cash
  • Owner May Carry (Owner Financing, The Seller may be interested in carrying the mortgage note)
Occupant Type:
  • Call Agent
Buyer Possession:
  • Close Of Escrow
Lease Considered:No

Community

Subdivision Name:Channel House Condo
Senior Community:No
Development Name:INN up to 11 units

Parking

Parking Total Spaces:15
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Not Available

More Details

Other Information:
Tax Information: Tax Reflects City & County Tax
Flood Zone : X
Type of Association: None
Style: Fourplex
FEMA Flood Zone Designations: X
Municipal Code: 54
Subdivision Number: 13

Zoning and Legal

Tax Legal Description:CHANNEL HOUSE COND ALL OF COND
Real Estate Folio Number (Parcel Number):54434227040000030
Zoning Description:Multifamily/land
Public Survey Township:54
Public Survey Range:54
Public Survey Section:35

Listing History

Update/EventDate/Days
Published Date:July 9, 2024 5:24 pm
On Market Date:July 9, 2024
Activation Date:July 9, 2024
Price Change Date Time:July 9, 2024 5:25 pm
Last Important Update Description:Price Change
Date and Time of Last Important Update:July 9, 2024 5:25 pm
Status Last Changed:July 9, 2024 5:24 pm
Photos Last Modified:July 15, 2024 8:38 pm
Last Modified:August 5, 2024 10:07 pm
Days on the Market Reference Date:August 5, 2024
Days on the Market (updated on Last Modified*):27
Cumulative Days on the Market (updated on Last Modified**):27

Additional Information

Lot Size Range:Oversized Lot
Number of Photos Count:60
Geographical Area:Palm Beach 5730; 5740; 5760; 5770; 5790
Area:5640
Ref ID:1077264790
Automated Valuation Display:Yes
Courtesy of:Trust Invest Real Estate Corp
Universal Property Id:US-12099-N-54434227040000030-R-N

Location

Show Property Address:Yes
Street Name:Inlet Way
Street Number:115
Street Address:115 Inlet Way
City : Palm Beach Shores
State : Florida
Zip Code : 33404
County : Palm Beach County
Full Address:115 Inlet Way, Palm Beach Shores, FL 33404
Latitude:N26° 46' 29.8''
Longitude:W81° 57' 57.7''

Neighborhood

Postal City:Palm Beach Shores

Property Map