115 Inlet Way ,Quadruplex, Channel House Condo for Sale

115 Inlet Way for Sale

Price $6,750,000.00

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

Huge upside through updating and renovation into Luxury Airbnb Resort style (vacation units), steps away from the beach and waterways or through re-development & 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. Great potential for Airbnb / Vacation Rental, 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 renderings)

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls= 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 $150,000

CHANNEL HOUSE COND ALL OF COND

Oversized Lot

Huge upside through updating and renovation into Luxury Airbnb Resort style (vacation units), steps away from the beach and waterways or through re-development & 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. Great potential for Airbnb / Vacation Rental, 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 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:6750000,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:6,Listing Terms:1:Owner Will Carry,Lot Size Units:Square Feet,M I A M I R E_ Area:5640,M L S Area Major:Channel House Condo,On Market Date:2024-07-09,Parcel Number:54434235130010000,Parking Total:15,Property Type:Residential Income,Stories Total:2,Street Number:115,M I A M I R E_ Style:Fourplex,Public Remarks:Huge upside through updating and renovation into Luxury Airbnb Resort style (vacation units), steps away from the beach and waterways or through re-development & 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. Great potential for Airbnb / Vacation Rental, 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 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 Increase,Postal Code Plus4:6213,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:Channel House Condo,INN 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:720.538,Original List Price:675000,Previous List Price:675000,Public Survey Range:54,Documents Available:1:Service Contracts,I D X Participation Y N:1,Number Of Units Total:11,Syndication Remarks:Huge upside through updating and renovation into Luxury Airbnb Resort style (vacation units), steps away from the beach and waterways or through re-development & 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. Great potential for Airbnb / Vacation Rental, 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 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?,Sub Agency Compensation:0%,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,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:720.54,Internet Automated Valuation Display Y N:1,

  • Price $6,750,000.00
  • Price Change: 2024-07-09
  • Lot size sq. ft.
  • Price per sq.ft. $
  • Year Build 1953
  • Waterfront
  • View
  • Pool Yes Heated
  • Style
  • Construction CBS Construction
  • Parking Description
  • Flooring Type Concrete
  • Property Type Residential Income
  • Status Active
  • Listed 2024-07-09
  • Days on Market 14
  • Furnished
  • City Palm Beach Shores
  • Zip 33404
  • State Florida
  • Subdivision
  • Development Name Channel House Condo
  • HOA Fees
  • Taxes 87550
  • Taxes Year 2023