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$6,500,000

  • For Sale
  • Active
  • Multi-Family
  • 11 Units
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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)

Full Property Details for 115 Inlet Way

General

  • Price: $6,500,000
  • Taxes: $87,550 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: Greater_Miami
  • MLS ID: A11620898
  • Updated: 10/21/2024
  • Added to Site: 166 day(s) ago

Rental Information

  • Rent Includes: Other Rent Incl

Interior

  • Interior Features: Stairs
  • Flooring: Concrete

Additional Information

  • Pool: Yes
  • Pool Description: Heated

Parking

  • Total Spaces: 15

Location

  • Area: Channel House Condo
  • County: Palm Beach County
  • Subdivision: Channel House Condo, up to 11 units
  • Building Name: Channel House Condo

Community

  • Community Name: Channel House Condo

Heating & Cooling

  • Cooling Type: None
  • Heating Type: None

Utilities

  • Sewer: Public Sewer

Structural Information

  • Structure Type: Quadruplex, Fourplex
  • Detached/Attached: Detached
  • Model: Multifamily Airbnb
  • Construction: CBS Construction
  • Roof: Other
  • Stories/Levels: 2
  • Building Size: 12928
  • Square Feet: 9,368
  • Living Area: 9,368 Sq. Ft.
  • Year Built: 1953

Lot Features

  • Lot Features: Oversized Lot
  • Zoning: Multifamily/land

Financial Considerations

  • Price Per Sq. Ft.: $693.85
  • Tax Amount: $87,550
  • Tax Year: 2023
  • Terms: All Cash, Owner Will Carry

Disclosures and Reports

  • Documents Avail.: Other Available Information, Service Contracts
  • Legal Description: CHANNEL HOUSE COND ALL OF COND
  • Property ID: 54434227040000030

Listed by Trust Invest Real Estate Corp

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— 115 Inlet Way —

  • Trust Invest Real Estate Corp

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 115 Inlet Way

School District:Palm Beach Schools
RatingNameGradesDistance
3
Lincoln Elementary School
1160 Avenue N, Riviera Beach, FL 33404
PK-52.4 mi
2
John F. Kennedy Middle School, Riviera Beach, FL
1901 Avenue S, Riviera Beach, FL 33404
6-83.1 mi
5
William T. Dwyer High School
13601 N Military Trl, Palm Bch Gdns, FL 33410
9-128.3 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 115 Inlet Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/21/2024
Price Reduced
$6,500,000
-3.7%
MLS
7/09/2024
Listed
$6,750,000
31.07%
MLS
2/08/2024
Sold
$5,150,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 115 Inlet Way

Year
Property Taxes
Change
Tax Assessment
Change
2023
$72,999
36%
$3,572,723
44%
2021
$53,586
-13%
$2,478,587
-26%
2022
$61,532
15%
$3,365,993
39%
2021
$53,586
26%
$2,419,107
31%
2019
$42,394
16%
$1,851,282
10%
2018
$36,693
6%
$1,682,984
10%
2017
$34,524
5%
$1,529,985
10%
2016
$32,795
6%
$1,390,895
10%
2015
$31,032
12%
$1,264,450
10%
2014
$27,789
8%
$1,149,500
10%
2013
$25,826
—
$1,045,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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115 Inlet Way, Palm Beach Shores, FL 33404 (MLS# A11620898) is a Multi-Family property with 11 units containing 0 bedrooms and 0 full bathrooms. 115 Inlet Way is currently listed for $6,500,000 and was received on July 09, 2024. Want to learn more about 115 Inlet Way? Do you have questions about finding other Multi-Family real estate for sale in Palm Beach Shores? You can browse all Palm Beach Shores real estate or contact a Coldwell Banker agent to request more information.

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