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115 Inlet Way 101, Palm Beach Shores, FL 33404 (MLS# R10551923)

115 Inlet Way 101, Palm Beach Shores, FL 33404

$3,000,000
Property Type: Commercial Sale Square Footage: 9,368 Status: Closed
Current Price: $3,000,000 List Date: 8/05/2019 Last Modified: 5/19/2026

Overview

Description

Incredible opportunity at the Inlet Way in Palm Beach Shores of Singer Island. With over $1M in improvements, this 2 story 24 room hotel has a large ADA pool and is entirely up to the code with a complete new electrical system less than 1 year young. Zoned for a Hotel or Multifamily/Condo, this location is perfect for a boutique hotel, Sober living or a Condo Redevelopment Project. Booming with new developments and projects, Palm Beach Shores offer beautiful beaches of Singer Island, Ocean Mall, restaurants, shops, Sailfish Marina, and more. With Marriott right around the corner, the potential of this over 9000 square, 24 room hotel is unlimited.

Listing Details MLS# R10551923

General Property Information

Property Sub Type
Hotel/Motel
Number Of Units Total
24
Building Area Main
9368
Building Area Source
Public Records
Year Built
1953
Lot Size Area
21780
Lot Size Acres
0.5
Stories
2

Property Features

Building Features: Free Standing Electric: 220 Volts; Three Phase Flooring: Concrete; Terrazzo Heating: Natural Gas Possession: Close Of Escrow Property Condition: Resale Sale Includes: Building; Fixtures; Furniture; Inventory; Land; License; Signs; Trade Name Cooling: Wall/Window Unit(s) Listing Terms: Owner May Carry; Trade Roof: Other Security Features: Fire Sprinkler System Structure Type: Hotel/Motel Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Text Listing Agent Contingencies: Financing

Contract Information

Comp Sale YN
No
Original List Price
3500000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
115
Street Name
Inlet
Street Suffix
Way
Unit Number
101
City Name
Palm Beach Shores
State Or Province
FL
Postal Code
33404
Area
5240
Geographic Area
PB28
Parcel Number
54434235130010000
Multiple Offers Accepted
Yes
Zoning
DISTRI
Directions
PGA. to Singer Island. enter N.Ocean. drive past Ocean Mall. Follow S.Ocean down to Inlet Way..last street on the Island on the south end. Or Blue Heron..to Singer Island. So on Lake Dr. to Inlet Way
Property Description
24 units - apt/hotel

Financial Information

Tax Annual Amount
36693.1
Tax Year
2018
Tax Legal Description
CHANNEL HOUSE COND ALL OF COND

Status Change Information

Major Change Timestamp
2020-02-11T16:20:57Z
Major Change Type
Status Change
Price Change Timestamp
2019-08-21T00:28:04Z
Status Change Date
2020-02-11
Under Contract Date
2019-08-20
Close Date
2020-02-07
Close Price
3000000
Buyer Financing
Other

More Information

Building and Property Details

# Of Toilets
24
% Air Conditioned
100
Maximum Ceiling Height
0

Price Calculations

Current Price To SqFt
320.23
Original List Price To Close Price
1.16

Originating Details

Originating System Key
20190805202453029701000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

220 Volts
Yes
Three Phase
Yes

Flooring

Concrete
Yes
Terrazzo
Yes

Property Condition

Resale
Yes

Structure Type

Hotel/Motel
Yes

Possession

Close Of Escrow
Yes

Building Features

Free Standing
Yes

Heating

Natural Gas
Yes

Sale Includes

Building
Yes
Fixtures
Yes
Furniture
Yes
Inventory
Yes
Land
Yes
License
Yes
Signs
Yes
Trade Name
Yes

Listing Terms

Owner May Carry
Yes
Trade
Yes

Roof

Other
Yes

Security Features

Fire Sprinkler System
Yes

Water Source

Public
Yes

Cooling

Wall/Window Unit(s)
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes
Call Listing Agent
Yes
Text Listing Agent
Yes

Contingencies

Financing
Yes
Listing Office: Jupiter Lighthouse Realty Inc
IDX
Last Updated: May - 19 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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