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125 Inlet Way 1 – 12, Palm Beach Shores, FL 33404 (MLS# R10838347)

125 Inlet Way 1 - 12, Palm Beach Shores, FL 33404

$5,000,000
Property Type: Res Lease/Rental Bedrooms: 12 Baths: 12 Square Footage: 6,448 Status: Closed
Current Price: $5,000,000 List Date: 10/13/2022 Last Modified: 6/07/2026

Overview

Description

A Rare Triplenet Revenue Making Lease Opportunity! This 12 unit Pool Apartment Building freshly painted, located within 1 block on the Atlantic Ocean and across the street from the Plam Beach Inlet. There are 9 one bedroom units, and 3 studios. 1 Laundry room, Office, and an Inground Swimming POOL plenty of room for basketball volleyball or tiki hut. There are seperate electric meters for each unit plus a house meter. The building sits on one of the largest double lots in Palm Beach Shores. The building is perfectly set up for annual or Vacation rentals. The location to the beach, Peanut Island and the inlet offers great potential for profitable seasonal and long term rentals! Get in now just in time for seasonal income.

Listing Details MLS# R10838347

General Property Information

Rental Type
Annual (1 Year or More)
Number Of Units In Community
12
Total Units In Building
12
Unit Floor #
2
Bedrooms Total
12
Property Sub Type
Condominium
Bathrooms Total
12
Bathrooms Full
12
Building Area Main
6448
Building Area Source
Public Records
Living Area Main
6448
Living Area Source
Public Records
Year Built
1962
Gated Community YN
Yes
Senior Community YN
No
Stories Total
2
Direction Faces
South
Pool Private YN
Yes
RentSpree YN
Yes
Rental Application URL
https://apply.link/3CriEsN

Property Features

Amenities: Cafe/Restaurant; Dog Park; Jogging Path; Laundry; Pool; Sidewalks Flooring: Ceramic Tile Parking Features: Open Tenant Pays: Cable TV; Common Area Maintenance; Electricity; Insurance; Repairs; Sewer; Taxes; Water Unit Description: Condominium Hotel Water Access: Ocean Access Appliances: Microwave; Refrigerator; Water Heater; Range Water Heater Details: Electric Water Heater Cooling: Ceiling Fan(s); Electric Association Type: Homeowner Association Heating: Electric Pets Allowed YN: Yes Pets Allowed: Breed Restrictions; Size Limit Restrictions: No Smoking Security Features: Smoke Detector(s) Sprinkler Description: Zoned Sprinkler Storm Protection Details: None Showing Requirements: 24 Hour Notice; Appointment Only; Text Listing Agent Room Types: Kitchen; Living Room; Master Bedroom Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN
No
Availability Date
2023-04-01
Original List Price
25000
Lease Amount Frequency
One Time

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
125
Street Name
Inlet
Street Suffix
Way
Unit Number
1 - 12
City Name
Palm Beach Shores
State Or Province
FL
Postal Code
33404
Postal Zip
33404
Subdivision Name
PALM BEACH SHORES
Area
5240
Geographic Area
PB28
Tax Legal Description
PALM BEACH SHORES LTS 5 & 6
Parcel Number
54434227040000050
Directions
Blue Heron or Ocean Drive to Lake Drive, south to Inlet Way, east to bldg

Financial Information

Association Deposit YN
No

Status Change Information

Major Change Timestamp
2024-01-08T15:58:19Z
Major Change Type
Status Change
Status Change Date
2024-01-08
Under Contract Date
2023-03-09
Close Date
2023-06-02
Close Price
5000000
Leased Price/SqFt
775.43

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
200

Deposits and Fees

Cleaning Fee
200
Damage Deposit
75000
1st Month Deposit
25000
Last Month Deposit
25000
Move-In Requirements
Annual rental + 3 months security

Entry Information

Entry Location
Entry Level Living Area Y

Rental Information

January
Annual
February
Annual
March
Annual
April
Annual
May
Annual
June
Annual
July
Annual
August
Annual
September
Annual
October
Annual
November
Annual
December
Annual

Main Level Rooms

Main Level Bathrooms
12
Main Level Bedrooms
6

Pet Details

Pet Fee YN
No
Total Weight Limit (Pets)
40

Price Calculations

Current Price To SqFt
775.43
Original List Price To Close Price
0

Originating Details

Originating System Key
20221013010753265122000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Amenities

Cafe/Restaurant
Yes
Dog Park
Yes
Jogging Path
Yes
Laundry
Yes
Pool
Yes
Sidewalks
Yes

Flooring

Ceramic Tile
Yes

Parking Features

Open
Yes

Tenant Pays

Cable TV
Yes
Common Area Maintenance
Yes
Electricity
Yes
Insurance
Yes
Repairs
Yes
Sewer
Yes
Taxes
Yes
Water
Yes

Heating

Electric
Yes

Sprinkler Description

Zoned Sprinkler
Yes

Unit Description

Condominium Hotel
Yes

Water Access

Ocean Access
Yes

Appliances

Microwave
Yes
Refrigerator
Yes
Water Heater
Yes
Range
Yes

Security Features

Smoke Detector(s)
Yes

Water Heater Details

Electric Water Heater
Yes

Cooling

Ceiling Fan(s)
Yes
Electric
Yes

Association Type

Homeowner Association
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes
Text Listing Agent
Yes

Master Bedroom/Bath

Combo Tub/Shower
Yes

Pets Allowed YN

Yes
Yes

Pets Allowed

Breed Restrictions
Yes
Size Limit
Yes

Restrictions

No Smoking
Yes

Storm Protection Details

None
Yes

Room Types

Kitchen
Yes
Living Room
Yes
Master Bedroom
Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot
Yes

Room Information

Room Name
Living Room
Kitchen
Master Bedroom
Listing Office: Logan Realty Inc
IDX
Last Updated: June - 07 - 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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