115 Inlet Way ,Quadruplex, Channel House Condo for Sale

115 Inlet Way for Sale

Price $6,500,000.00

• Lot size 12928
• Year Build 1953
• Waterfront
• Zip 33404
• Style
• Parking Description
• Pool Yes Heated
• Status Active

Description

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)

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11620898 Register your investor, Proof of funds and Purpose of the purchasing this project, will disclose reports, and GC estimate for renovations. To demolish the property takes one day "current active application" for permit, cost to demo approx $120,000

CHANNEL HOUSE COND ALL OF COND

Oversized Lot

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)

City:Palm Beach Shores,Model:Multifamily Airbnb,Zoning:Multifamily/land,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:26.7749446,List Price:6500000,Listing Id:A11620898,Longitude:-80.0339748,Mls Status:Active,Year Built:1953,Living Area:9368,Postal Code:33404,Street Name:Inlet Way,Coordinates:1:26.7749446,Photos Count:60,Builder Model:Multifamily Airbnb,Building Name:Channel House Condo,Days On Market:104,Listing Terms:1:Owner Will Carry,Lot Size Units:Square Feet,M I A M I R E_ Area:5240,M L S Area Major:Channel House Condo,On Market Date:2024-07-09,Parcel Number:54434227040000030,Parking Total:15,Property Type:Residential Income,Stories Total:2,Street Number:115,M I A M I R E_ Style:Fourplex,Public Remarks: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),Structure Type:1:Fourplex,County Or Parish:Palm Beach County,List Office Name:Trust Invest Real Estate Corp,M I A M I R E_ Pool Y N:1,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:6213,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:Channel House Condo,up to 11 units,Tax Annual Amount:87550,Unparsed Address:115 Inlet Way, Palm Beach Shores FL 33404,Listing Agreement:Exclusive Right To Sell,Year Built Details:Effective Year Built,Building Area Total:12928,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:693.8514,Original List Price:675000,Previous List Price:6750000,Public Survey Range:54,Documents Available:1:Service Contracts,I D X Participation Y N:1,Number Of Units Total:11,Syndication Remarks: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),Listing Contract Date:2024-07-09,Originating System I D:miamire,Public Survey Section:35,Showing Instructions:24 Hour Notice,Appointment Only,Street Number Numeric:115,Tax Legal Description:CHANNEL HOUSE COND ALL OF COND,Public Survey Township:54,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:9368,M I A M I R E_ Internet Remarks:Huge upside through updating and renovation or opportunity for a reputable developer, fund, assets managing group to re-develop,Contract Status Change Date:2024-07-09,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution NOT Required,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:693.85,Internet Automated Valuation Display Y N:1,