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115 Inlet Way - Land Development opportunity 21,571 Acres of Residential Land Offered at $5,000,000 in Palm Beach Shores, FL 33404
Investment Highlights
- Strategic Development Position
- Luxury migration to South Florida
- Limited land supply
Executive Summary
115 Inlet Way – Palm Beach Shores, Florida
Property Highlights
• ±21,780 SF (0.50 acres) – combined lots
• Zoned Multi-Family Residential (District B)
• Up to 21 units per acre density
• Approx. 19,000+ buildable SF (2-story)
• Ideal for luxury townhomes, villas, or boutique residences
A rare opportunity to acquire a ±0.50-acre development site in the highly sought-after coastal enclave of Palm Beach Shores, located at the southern tip of Singer Island.
Positioned just moments from the Atlantic Ocean and the Palm Beach Inlet, this property offers the ideal balance of coastal lifestyle, accessibility, and protected inland positioning—making it especially attractive for luxury residential development.” 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)
Investment Positioning
Located within one of the fastest-growing wealth markets in the United States, Palm Beach Shores benefits from:
• significant migration of high-net-worth individuals
• strong luxury real estate demand
• limited supply of developable land
• increasing value of boutique residential projects
This offering presents an opportunity to deliver a highly desirable product in a supply-constrained, high-demand coastal market.
Development Opportunity
Palm Beach Shores is a land-constrained market with strict zoning and limited new development opportunities. This makes available sites exceptionally rare and highly valuable.
The property is ideally suited for a boutique luxury residential project, including:
• luxury townhomes or villas
• low-density residential development
• second-home / seasonal ownership product
The area’s demographics—comprised largely of affluent seasonal residents and second-home buyers—create strong demand for low-maintenance, high-end coastal living.
Property Facts
1 Lot Available
Lot 0030
| Price | $5,000,000 | Lot Size | 21,571.00 AC |
| Price Per AC | $231.79 |
| Price | $5,000,000 |
| Price Per AC | $231.79 |
| Lot Size | 21,571.00 AC |
PRIME LOCATION PALM SHORES - LAND DEVELOPMENT OPPORTUNITY - Huge upside through the New Development up to 10 UNITS, Options Based on Permitted Lot Coverage Site total square footage: 21,426 SF. Dwelling unit density. 10 units.
Description
Land Use. Zoning & Development Standards Summary The following is a general summary of the land use, zoning and land development standards for the subject site. Future Land Use Plan Designation: Multi-Family Residential & Hotel – 21 Units / Net Acre Zoning Designation: District “B” Below are the District “B” Land Development Regulations: An exceptional development opportunity in the highly desirable Town of Palm Beach Shores, offering a rare half-acre site positioned just moments from the Atlantic Ocean and the Lake Worth Inlet. This property presents a compelling investment for developers seeking to create a luxury residential project in one of South Florida’s most exclusive coastal enclaves. The site consists of approximately 0.50 acres (21,780± SF) comprising Lots 3 and 4 in Palm Beach Shores, providing ample area for a thoughtfully designed boutique residential development. Zoning & Development Potential The property is zoned District “B” – Multi-Family Residential (Medium Density), allowing a range of residential development opportunities including multi-family residences, duplexes, and accessory residential structures. Under the Town’s zoning regulations, the site permits a maximum residential density of up to 21 units per acre, creating the potential for a boutique residential project such as luxury townhomes, villas, or condominium residences. Key development parameters include: Maximum building height: approximately 29–30 feet (two stories) Maximum lot coverage: up to 36% for two-story structures, potentially 45% with underground parking configuration Minimum setbacks: Front yard: 15 feet Rear yard: 15 feet Side yards: 10 feet each side Minimum parking requirements: 1.25–1.5 spaces per residential unit depending on configuration These parameters support the creation of high-end coastal residences with generous layouts and parking solutions. Engineering & Infrastructure Preliminary engineering analysis indicates that stormwater management requirements can be effectively achieved using an exfiltration trench system, designed to meet Florida Department of Environmental Protection nutrient reduction standards. The site benefits from favorable soil conditions (Pomello fine sand, Hydrologic Group A) and is located within FEMA Flood Zone X, indicating a reduced flood risk compared to many coastal properties.
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115 Inlet Way - Land Development opportunity
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