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$5,150,000
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Property Description
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)
Full Property Details
Full Property Details for 115 Inlet Way
General
- Price: $5,150,000
- Taxes: $85,406 (2025)
- Status: Active
- Type: Land Residential
- Source: Greater_Miami
- MLS ID: A11983791
- Updated: 5/12/2026
- Added to Site: 165 day(s) ago
Location
- Area: Palm Beach Shores
- County: Palm Beach County
- Subdivision: PALM BEACH SHORES, LAND
- Building Name: PALM BEACH SHORES
- Direction Faces: North
Community
- Community Name: Palm Beach Shores
Structural Information
- Structure Type: Residential
- Detached/Attached: Detached
- Current Bldg. Use: Multi-Family, Check Land Use Plan
Additional Structures
- Other Structures: None
Lot Features
- Property View: None
- Lot Size (Acres): 0.5
- Lot Size (Sq. Ft.): 21,571
- Street/Road Desc.: Paved Road, Paved
- Lot Features: Oversized Lot, Sprinklers, Street Lights
- Development Status: Undeveloped
- Trees/Vegetation: No Trees, Grass/Pasture
- Zoning: Multi-Family Resid
Financial Considerations
- Tax Amount: $85,406
- Tax Year: 2025
- Terms: All Cash
Disclosures and Reports
- Legal Description: PALM BEACH SHORES LTS 3 & 4
- Inclusions: None
- Property ID: 54434227040000030
- Lot Number: 2 LOTS
Listed by Trust Invest Real Estate Corp
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Schools
Schools serving 115 Inlet Way
School District:Palm Beach County School District
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School 1160 Avenue N, Riviera Beach, FL 33404 | PK-5 | 2.4 mi |
William T. Dwyer High School 13601 North Military Trail, Palm Beach Gardens, FL 33410 | 9-12 | 8.3 mi |
John F. Kennedy Middle School, Riviera Beach, FL 1901 Avenue S, Riviera Beach, FL 33404 | 6-8 | 3.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 115 Inlet Way
Date
Details
Price
Change
Source
5/12/2026
Price Increased
$5,150,000
3%
MLS
3/16/2026
Listed
$5,000,000
-2.91%
MLS
2/08/2024
Sold
$5,150,000
—
Public Record
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
Tax History for 115 Inlet Way
Year
Property Taxes
Change
Tax Assessment
Change
2025
$85,461
12%
$4,220,825
12%
2024
$76,511
5%
$3,773,130
6%
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
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 115 Inlet Way
115 Inlet Way, Palm Beach Shores, FL 33404 (MLS# A11983791) is a Land Residential property with a lot size of 0.5 acres. 115 Inlet Way is currently listed for $5,150,000 and was received on March 16, 2026. Want to learn more about 115 Inlet Way? Do you have questions about finding other Land Residential 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.

