Unimproved Land in 115 Inlet Way, Palm Beach Shores, FL 33404 for sale with MLS# A12079363

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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115 Inlet Way, Palm Beach Shores, FL 33404

Price
Price:
$5,150,000.00
Original List Price:
$5,150,000.00
List Price per Sq Ft (Calculated, Approx.):
$236.45
List Price per Sq Ft (Calculated, Approx.):
$238.75
Property Status and Type
Listing Type:
For Sale
Status:
Pending (An offer has been accepted)
Listing Category:
Land & Docks
Property Type:
Unimproved Land
Description of Last Important Update:
Status Change
Last Major Update on:
August 31, 2026 4:34 pm
Measures
Lot Area:
21,571 Sqft
Lot Size Dimensions and Info:
22000
Additional Parcels
Lot Features:
Oversized Lot, Street Lights
Lot Size Acres:
0.5
Number of Lots:
2
Property Features
Waterfront:
No
Current Use:
Residential, Check Land Use Plan
Property Entrance Faces:
North
Road Responsibility:
Public Maintained Road
Construction
Road Frontage Type:
Easement
Flood Zone Code:
X
Taxes and Expenses
Tax Annual Amount:
$85,406.00
Tax Year:
2025
Community
Subdivision Name:
PALM BEACH SHORES
Senior Community:
No
Development Name:
LAND
Development Status:
Raw Land
Terms
Listing Terms Considered by Seller:
Cash
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
PALM BEACH SHORES LTS 3 & 4
Real Estate Folio Number (Parcel Number):
54434227040000030
Zoning:
Multi-Family Resid
Public Schools Assigned
Elementary School:
Aventura Waterways K-8
High School:
William T. Dwyer
Middle Or Junior School:
John F. Kennedy (palm Beach)
Listing History
Active on the market since:
August 28, 2026
Listing Agreement executed on:
August 28, 2026
Purchase Contract Date:
August 31, 2026
Listing Status Last Changed On:
August 31, 2026 4:34 pm
Photos updated on:
August 31, 2026 4:37 pm
Last Modified:
August 31, 2026 4:38 pm
Additional Information
Courtesy of:
Trust Invest Real Estate Corp
Attribution:
Not provided
Road Surface Type:
Paved
Location
Street Name:
Inlet
Street Number:
115
City:
Palm Beach Shores
State:
Florida
Zip Code:
33404
County:
Palm Beach
Latitude:
N26° 46' 29.6''
Longitude:
W81° 57' 57.1''
Street Suffix:
Way
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $60,225
Median Home Value $305,600
Median Rent $1,507/mo
Median Age 41
Population 30,533
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Association of REALTORS®
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