Development Opportunity Near
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115 Inlet Way, Palm Beach Shores, FL 33404
Land development opportunity for villas or townhomes near the beach.
Property Size30,000 SF
Lot Size0.49 Acres
Price / SF$166.67
Days on Market769
Property Features for 115 Inlet Way
General Information
Standard status
Active
Size
30,000 SF
Lot size
0.49 Acres
Property subtype
Land
Zoning
B
Building Details
Year Built
1953
Listing Agency:
Trust Invest Real Estate Corp
(305) 215-0036
Listed By:
Elena Grady · License #3124028
Source:
Crexi
Added: Jul 10, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trust Invest Real Estate Corp
Investment Insights
Based on property information with market context.
This property presents a land development opportunity with potential for new development of up to 10 villas or townhomes, based on permitted lot coverage. The site encompasses a total square footage of 21,426 SF, with a dwelling unit density of twenty-one (21) units per acre, allowing for 10 units. Options include six luxurious exclusive 3,200 SF townhouses, each featuring a private pool, basement parking, dedicated storage, and a rooftop with a summer kitchen. Alternatively, there is potential for eight luxury 2,400 SF condominiums in an elegant two-story building, featuring secure basement parking, private gardens or rooftop terraces, and a community pool. A further option allows for ten luxury condominiums, each approximately 1,900 SF, in an elegant two-story building, featuring secure basement parking, private gardens or rooftop terraces, and a community pool. The property is steps away from the beach and waterways. Current zoning allows for multifamily use. The existing building is class C and B and zoned for multifamily use. This is a rare opportunity for a reputable developer, fund, or assets managing group to purchase a free and clear asset in Palm Beach Shores, where new developments are rising.
Key Highlights
- Development opportunity for up to 10 villas or townhomes.
- Prime location in Palm Beach Shores, with new developments rising.
- Permitted lot coverage allows for high dwelling unit density.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Explore this area
Business Placement
Demographics for 33404, FL
31,869
Population
15,990
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
87%
High-School Grad
7.3 sq mi
ZIP Area
4,366
Density / Sq Mi
$60,225
Median Household Income
$35,521
Median Earnings
$1,507
Median Rent
$305,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land development opportunity for villas or townhomes near the beach.
Where is this residential land & home lot 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 $5,000,000.
What are key features of this property?
This property features: Development opportunity for up to 10 villas or townhomes.; Prime location in Palm Beach Shores, with new developments rising.; Permitted lot coverage allows for high dwelling unit density.
