115 Inlet Way, Palm Beach Shores, FL 33404

$5,150,000

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List Price
$5,150,000
Status
ACTIVE
Days on Market
134
MLS#
A11983791
Subtype
Land
Lot Size
21,571
Acres
0.50
Subdivision
Palm Beach Shores
Building Name
Land
MLS Area Major
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

Amenities
Street Lights
Taxes
$85,406
Elementary School
Lincoln
Middle School
John F. Kennedy (Palm Beach)
High School
William T. Dwyer

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Trust Invest Real Estate Corp. Contact:

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Agent: Jelena Grady | Email: trustinvest@live.com