NEW DEVELOPMENT OPPORTUNITY - Huge upside through the New Development up to 10 VILLAS or T-Homes of 2500-3000 sq feet, steps away from the beach and waterways & 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. 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 are renderings)
Listed by Jelena Grady
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License #3124028
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Trust Invest Real Estate Corp
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305-215-0036
Last updated March 17, 2025
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Source: MIAMIRE #A11620898
Listing Facts
TypeMulti-family
NeighborhoodPalm Beach Shores
Days on Prevu426
Taxes$87,550/year
Size9,368 sqft
Price per sqft$726
Amenities
Pets Allowed
Parking
Swimming Pool
Location
Mortgage Calculator
Listing History
03/17/2025
Price Increased
$6,800,000
11/20/2024
Status changed to Active
$6,500,000
11/20/2024
Status changed to Removed from Feed
$6,500,000
10/21/2024
Price Decreased
$6,500,000
07/09/2024
Listed by Trust Invest Real Estate Corp
$6,750,000
Property Details for 115 Inlet Way
Exterior
Construction
Number Of Units Total: 11
Roof: Other
Stories: 2
Stories Total: 2
Structure Type: Quadruplex, Fourplex
Year Built: 1953
Year Built Details: Effective Year Built
Building Name: Channel House Condo
Construction Materials: Concrete Block Construction, CBS Construction
Features
Pool Features: Heated
Measurements
Building Area Total: 12,928
Building Area Units: Square Feet
Lot Features: Oversized Lot
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 54434227040000030
Tax Annual Amount: $87,550.00
Tax Year: 2023
Interior
Features
Flooring: Concrete
Interior Features: Stairs
Measurements
Living Area: 9,368
Living Area Units: Square Feet
Other
Location
Subdivision Name: Channel House Condo,Up To 11 Units
Parking
Parking
Parking Total: 15
Utilities
Equipment
Sewer: Public Sewer
Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
