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    115 Inlet Way Palm Beach Shores, FL 33404

    For Sale
    $6,800,000

    Fourplex, Quadruplex - Palm Beach Shores, FL

    Type:Quadruplex
    Property size:
    9,368 SF
    Days on Market:
    268
    Last Refresh:
    Dec 9 at 5:06 pm

    Property Features for 115 Inlet Way

    General Information

    Property type
    Residential
    Property subtype
    Quadruplex
    Standard status
    Active
    Zoning
    Multifamily/land
    APN
    54434227040000030
    Parking
    15
    Size
    9,368 SF

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1953
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Other
    Architectural style
    Other

    Trust invest real estate (305) 215-0036 [email protected]

    Listing agent Jelena Grady (844) 414-4488 License #3124028

    Listing date Mar 17, 2025

    MLS# A11620898 Listing URL

    Copyright © 2025 Miami Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Palm Beach Shores Development Opportunity

    This property presents a new development opportunity in Palm Beach Shores, Florida. The large 22,000 square foot lot is located steps away from the beach and waterways. The current zoning allows for multifamily use. The site is suitable for the development of up to 10 villas or townhomes, each with 2,500 to 3,000 square feet, representing a high and best use scenario. Currently, there are two buildings on the property, each with two floors, undergoing renovation. These buildings are classified as Class C and B. New developments are rising all over Palm Beach Shores. This is a rare opportunity for a reputable developer, fund, or asset management group to purchase a free and clear asset.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Beach Shores
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.034134
    Latitude
    26.774893

    Nearby Similar for Sale

    • $2,500,000

      Remodeled Triplex Near Atlantic Ocean

      Triplex with new roof and hurricane impact windows.
      121 Linda Ln, Palm Beach Shores, FL 33404
      View Details
    • $6,500,000
      30,000 SF

      Prime Palm Beach Shores Redevelopment

      11-Unit Apartment Building, Huge Potential
      115 Inlet Way, Palm Beach Shores, FL 33404
      View Details

    FAQs

    What type of property is this?
    Quadplex - Development opportunity near beach and waterways in Palm Beach Shores.
    Where is this quadplex located?
    The property is located at 115 Inlet Way Palm Beach Shores, FL.
    What is the asking price?
    The asking price for this property is $6,800,000.
    What are key features of this property?
    This property features: - New development opportunity for up to 10 villas or townhomes (2500-3000 sq ft).; - Large 22,000 sq ft lot, steps from the beach and waterways.; - Zoned for multifamily use, allowing for flexible development options.
    (844) 414-4488
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    115 Inlet Way Palm Beach Shores, FL 33404
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    Palm Beach Shores, FL 33404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 Inlet Way Palm Beach Shores, FL 33404
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