115 Inlet Way ,Quadruplex, Channel House Condo for Sale

115 Inlet Way for Sale

Price $6,800,000.00

• 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)

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:6800000,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:251,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,Expiration Date:2026-02-28,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,up to 11 units,Tax Annual Amount:87550,Unparsed Address:115 Inlet Way, Palm Beach Shores FL 33404,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Year Built Details:Effective Year Built,Building Area Total:12928,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:X,M I A M I R E_ L P Amt Sq Ft:725.8753,Original List Price:675000,Previous List Price:6500000,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,M I A M I R E_ Current Price:6800000,Public Survey Township:54,Construction Materials:1:CBS Construction,M I A M I R E_ Municipal Code:54,M I A M I R E_ Total Mortgage:3000000,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_ Geographic Area:Palm Beach 5730; 5740; 5760; 5770; 5790,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,M I A M I R E_ Parcel Number M L X:0000,M I A M I R E_ Street View Param:1$26.774897$-80.034134$317.94$13.33$1.00$figEZRsh__-Mh-DpicLITg,M I A M I R E_ Supplement Count:4,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,M I A M I R E_ Subdivision Number:13,M I A M I R E_ Agent Alternate Phone:305-215-0036,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:115 Inlet Way,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:725.88,Internet Automated Valuation Display Y N:1,