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115 Inlet Way, Palm Beach Shores FL 33404

Lots/Land For Sale
$5,150,000

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Overview

LAND DEVELOPMENT OPPORTUNITY - Huge upside through the New Development up to 10 VILLAS or T-Homes Development Options Based on Permitted Lot Coverage Site 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 dedicated storage, plus roof top with summer kitchen. 2. Eight luxury each 2,400 SF. condominiums in an elegant two-story building, featuring secure basement parking, 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 basement parking, 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)

Location

Details

Type:
Land/Boat Docks
Parking:
No Data
Year Built:
No Data
Lot:
0.50 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$5,695,000
$2.8M – $10.5M
Confidence Low
List vs. estimate
$545K below estimate
List $5,150,000 · -9.6%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
5 MLS comparables
+ 18 public-records sales within 0.5 mi
Median actual sale: $975K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$85,406
2025
View
None
All facts and features
  • Lot

    • Lot: 0.50 Acres

    Other Property Information

    • Parcel Number: 54434227040000030

    • Zoning: Multi-Family Resid

  • Type and style

    • Property Type: Land/Boat Docks

    • Property Sub Type: Residential

  • Other financial information

    • Annual tax amount: $85,406

  • Source details

    • MLS ID: A12079363

    Other facts

    • Lot Features: Oversized Lot / Sprinklers / Street Lights

    • Direction Faces: North

    • Other Structures: None

    • Subdivision Name: PALM BEACH SHORES,LAND

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Trust Invest Real Estate Corp