Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Intracoastal Living with Dockage Title is generated by Realmo AI

    12864 S Shore Drive, Palm Beach Gardens, FL 33410

    View on Map
    Claim this Listing
    New
    For Sale
    $7,250,000

    LAND - Palm Beach Gardens, FL

    Lot size:
    0.37 Acres
    Added:
    May 8, 2026
    Days on Market:
    3
    Last Refresh:
    May 10 at 1:06 am

    Property Features for 12864 S Shore Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RES
    Standard status
    Active
    APN
    00434132010000050
    Lot size
    0.37 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    INTRACOASTAL PARK LT 5~ TH PT OF E 1/2 OF SOUTH SHORE DR LYG ADJ THERETO & WLYTHEREOF~ PT OF WATERWAY IN DB1147P170 & TR LYG BET ELY LIOF LT
    Tax Annual Amount
    84426

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Ocean Access, Navigable Water, Seawall
    Water front
    1

    We can help!

    Listing Contact
    Harrison J Allen

    Listing agent Harrison J Allen License #3328351

    Listing office Waterfront Properties & Club C 825 Parkway Plaza Suite 8, Jupiter, FL

    Listing date May 8, 2026

    MLS# B26025958 Listing URL

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Direct ocean access with dockage for multiple deep‑water vessels, including large yachts.
    • Wide intracoastal water views in a no‑wake zone.
    • Coveted eastern exposure with stunning sunrises.
    • Five ensuite bedrooms and private office with water views.
    • Meticulously maintained and thoughtfully updated home.
    • Close proximity to world‑class golf, dining, and Palm Beach lifestyle.

    Overview

    This property offers premier Intracoastal living with wide water views, no fixed bridges, and dockage accommodating multiple deep-water vessels, including a sportfish yacht and center console. Situated within a no-wake zone, it features direct ocean access just minutes from Palm Beach Inlet, making it ideal for boating and waterfront enthusiasts. The property benefits from coveted eastern exposure, delivering stunning sunrises and cool afternoons. The existing home includes soaring ceilings, five ensuite bedrooms, a private office with water views, and a 3-car garage. The property, with a lot size of 0.37 acres, is a great value to enjoy the existing house, or build new. It is close to world-class golf, dining, and the best of the Palm Beach lifestyle. The zoning is RES.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Palm Beach Gardens
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0882
    Latitude
    26.8528

    Nearby Similar for Sale

    • $469,000
      1,000 SF

      Palm Beach Gardens Office Condo

      1,000 SF office condo in Banyan Place Condominium.
      3307 Northlake Boulevard, Palm Beach Gardens, FL 33403
      View Details
    • $5,250,000
      4,000 SF

      Waterfront Property with Dockage

      Exceptional waterfront property designed for boating enthusiasts.
      12880 S Shore Drive, Palm Beach Gardens, FL 33410
      View Details
    • $260,000

      Soverel Harbour Marina Boat Slip

      Deeded boat slip in Palm Beach Gardens marina.
      2385 Pga Boulevard, Palm Beach Gardens, FL 33410
      View Details
    • $639,000

      5.28 Acre Cleared Land Parcel

      Cleared, gated, and fenced 5.28 acre land parcel.
      12251 146th Place N, Palm Beach Gardens, FL 33418
      View Details
    • $999,999

      Waterfront Land in Palm Beach

      1.8 acre waterfront homesite in Palm Beach Gardens, Florida.
      15419 N 89th Ave N, Palm Beach Gardens, FL 33418
      View Details
    • $365,000
      1,152 SF

      Villa in Palm Beach Gardens

      Single-story villa with two master suites and large lanai.
      1702 Silverleaf Oak Court, Palm Beach Gardens, FL 33410
      View Details
    • $425,000

      Cypress Island Marina 60-Foot Slip

      60-foot marina slip with new seawall and landscaping.
      14410 Palmwood Road, Palm Beach Gardens, FL 33410
      View Details
    • $1,095,000
      2,034 SF

      Palm Beach Gardens Office Suite

      Office suite in Palm Beach Gardens available for immediate occupancy.
      11211 Prosperity Farms Road, Palm Beach Gardens, FL
      View Details
    • $395,000
      1,152 SF

      Palm Beach Gardens Villa

      Impeccably maintained villa with open floor plan and screened patio.
      701 Silverleaf Oak Court, Palm Beach Gardens, FL 33410
      View Details
    • $705,000
      1,484 SF

      Palm Beach Gardens Office Suite

      Traditional office suite in affluent Palm Beach Gardens community.
      2560 Rca Blvd 111, Palm Beach Gardens, FL 33410
      View Details
    • $7,995,000

      Intracoastal Lot with Approved Plans

      0.56-acre Intracoastal lot with plans and permits.
      14880 Palmwood Road, Palm Beach Gardens, FL 33410
      View Details
    • $385,000
      1,152 SF

      Palm Beach Gardens Villa

      Meticulously cared for villa with en-suite bathrooms and updated features.
      2101 Pin Oak Court, Palm Beach Gardens, FL 33410
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront property with wide water views and direct ocean access.
    Where is this waterfront land located?
    The property is located at 12864 S Shore Drive Palm Beach Gardens, FL.
    What is the asking price?
    The asking price for this property is $7,250,000.
    What are key features of this property?
    This property features: Direct ocean access with dockage for multiple deep‑water vessels, including large yachts.; Wide intracoastal water views in a no‑wake zone.; Coveted eastern exposure with stunning sunrises.
    (561) 517-5288
    We can help!
    Listing Contact
    Harrison J Allen
    Real Estate License ID: 3328351
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12864 S Shore Drive, Palm Beach Gardens, FL 33410
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!