150-206 Inlet Way #1, Palm Beach Shores Property Listing: MLS® #RX-10479391
Connect

Howard Jendlin

REALTOR®

  • Office 561-447-0666
  • Cell 561-702-3102
Questions?

150-206 Inlet Way #1, Palm Beach Shores, FL – $9,500,000

  • $9.5M Price
  • 17,864 Sqft
  • 1.34 Acres
  • $9.5M Price
  • 17,864 Sqft
  • 1.34 Acres

Howard Jendlin

Cell: 561-702-3102 | Office: 561-447-0666

150-206 Inlet Way #1

New SVN Income-Producing Multifamily, Single-Family Guest Cottages, or Redevelopment Opportunity. Singer Island Portfolio of three separate multi-family parcels. Together, the properties contain a total of 23-units which span 225 feet along The Palm Beach Inlet. They can be acquired separately or together as the portfolio.150 Inlet Way contains a total of seven units. This multi-family property includes two buildings: the front building contains four studios, and the rear building contains three larger units, one unit being on the second floor. 200 Inlet Way contains a total of six units. This multi-family property includes two one-bedroom units in the front, three studios in the middle, and one large unit at the rear of the property. 206 Inlet Way contains a total of ten units.This multi-family property includes four studios, five one-bedroom units, one unit being on the second floor, and one two-bedroom unit. Each parcel includes a swimming pool, and gorgeous, unobstructed view of the Palm Beach Inlet, Atlantic Ocean, and the Island of Palm Beach. The total building size for all three parcels is 17,864 SF. Current zoning permits 60,000 of build-able square feet across the three parcels. Receive significant cash flow while proceeding with a redevelopment plan. Land use includes hotel or motel, single-family and multi-family residential. Redevelopment options include an increase to a 40 unit multifamily development project, or a 74 unit hotel.

Essential Information

  • MLS® #RX-10479391
  • Price$9,500,000
  • Square Footage17,864
  • Acres1.34
  • Year Built1950
  • TypeCommercial
  • Sub-TypeHotel/ Motel, Income, Other
  • StatusActive

Style

Free Standing, Resident. Multi-Fam.

Community Information

  • Address150-206 Inlet Way #1
  • Area5240
  • SubdivisionPALM BEACH SHORES
  • CityPalm Beach Shores
  • CountyPalm Beach
  • StateFL
  • Zip Code33404

Amenities

  • Is WaterfrontYes

Utilities

Cable, 3-Phase Electric, Municipal Water

Interior

  • AppliancesBuilding and Land
  • HeatingCentral
  • CoolingCentral
  • # of Stories2

Exterior

  • Lot DescriptionMultifamily Portfoli
  • RoofOther

Additional Information

  • ZoningDISTRICT C

Listing Details

  • OfficeSVN Florida PB LLC
Please provide a valid email address.

Price Change History for 150-206 Inlet Way #1, Palm Beach Shores, FL (MLS® #RX-10479391)

Date Details Change
Status Changed from New to Active

All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2018 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2018 Beaches Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on December 19th, 2018 at 3:00am EST.