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224 Inlet Way, Palm Beach Shores, FL 33404 (MLS# R3285745)

224 Inlet Way, Palm Beach Shores, FL 33404

$850,000
Property Type: Land & Docks Lot Size (sq. ft.): 16,988 Status: Closed
Current Price: $850,000 List Date: 6/01/2012 Last Modified: 5/21/2026

Overview

Description

Owner is ready to sell. Can build up to 11 units per city code, and has already been approved by the municipality for 6 units, 2550 square feet each, and all with ocean views. 2 units per floor, 3 stories high, the penthouse units have spiral stair staircases up to a roof deck with the most breathtaking views on the island. With unobstructed southern exposures, this building is sure to be the premier condo building with Palm Beach Shores. Stunning Inlet views of the most sought after inlet in florida. With a due southern exposure, this prime lot has unobstructed views of the ocean, the inlet and the ultra high-end town of Palm Beach. The only location of its sort, this lot allows the the construction of a 3 story building complete with underneath parki... (see supplement for full remarks)

Supplements: Owner is ready to sell. Can build up to 11 units per city code, and has already been approved by the municipality for 6 units, 2550 square feet each, and all with ocean views. 2 units per floor, 3 stories high, the penthouse units have spiral stairstaircases up to a roof deck with the most breathtaking views on the island. With unobstructed souther ...

Listing Details MLS# R3285745

General Property Information

Property Sub Type
Unimproved Land
Number Of Lots
Yes
Lot Size Acres
0.39
Lot Size Square Feet
16988.4
Lot Size Dimensions
.3895 acres
Lot Depth
226
Waterfront YN
Yes
Lot Frontage
75
Direction Faces
South
LP/SqFt
64.16

Property Features

Current Use: Commercial Development Status: Raw Land Documents Available: Survey Location of Property: Beach Access; Subdivision; Other Possible Use: Commercial Sewer: Public Sewer Trees: None Utilities: Cable Available; Electricity Available; Phone Available; Sewer Available; Water Available Listing Terms: Cash; Owner Will Carry Lot Features: Cleared Road Frontage Type: Public Road Water Source: Public Waterfront Features: Intracoastal; Ocean Front Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
1090000
LP/Acre
2794871.79
LP/Frontage
14533.33

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
224
Street Name
Inlet
Street Suffix
Way
City Name
Palm Beach Shores
State Or Province
FL
Postal Code
33404
Postal Zip
33404
Subdivision Name
Palm Beach Shores
Development Name
Palm Beach Shores
Area
5240
Geographic Area
PB28
Parcel Number
54434227040005780
Zoning
C
Directions
PGA East,North Ocean South to Inlet

Financial Information

Association YN
Yes
Association Membership
Voluntary
Tax Year
2010
Tax Annual Amount
17068
Tax Legal Description
Palm Beach Shores Lot:578 Blk: Lot SqFt:17002 Frontage: Depth:

Status Change Information

Major Change Timestamp
2012-06-01T05:00:01Z
Major Change Type
New Listing
Status Change Date
2012-08-28
Under Contract Date
2012-08-21
Close Date
2012-08-27
Close Price
850000
Buyer Financing
Cash
SP/Acre
2179487.18

More Information

Price Calculations

Original List Price To Close Price
1.28

Originating Details

Originating System Key
20130214113623381781000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Documents Available

Survey
Yes

Current Use

Commercial
Yes

Development Status

Raw Land
Yes

Location of Property

Beach Access
Yes
Subdivision
Yes
Other
Yes

Possible Use

Commercial
Yes

Sewer

Public Sewer
Yes

Trees

None
Yes

Utilities

Cable Available
Yes
Electricity Available
Yes
Phone Available
Yes
Sewer Available
Yes
Water Available
Yes

Listing Terms

Cash
Yes
Owner Will Carry
Yes

Lot Features

Cleared
Yes

Road Frontage Type

Public Road
Yes

Water Source

Public
Yes

Waterfront Features

Intracoastal
Yes
Ocean Front
Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot
Yes
Listing Office: Reback Realty, Inc
IDX
Last Updated: May - 21 - 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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