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$3,695,000
4 Beds ⋅ 5 Baths ⋅ B26041662 MLS
One of the most unique waterfront opportunities available, this exceptional property offers 95 feet of waterfrontage on a rare homesite with no residences built across the canal, creating privacy. Boaters will appreciate the 75-foot dock with newer cap and batter piles, a 12,000-pound Hi-Tide lift with electric pedestal, and fixed-bridge access. Seller may include the boat (31 Grady-White Twin engine 250 Yamaha) with an acceptable offer, making this a true turnkey waterfront lifestyle opportunity. This 4-bedroom, 4-full-bath, and 1-half-bath, 3 car garage residence is thoughtfully designed for both everyday living and entertaining. A grand foyer with chandelier lighting welcomes you into the home, where volume ceilings, travertine flooring, and a natural gas fireplace create a warm and inviting atmosphere. The split-bedroom floor plan offers privacy and functionality, featuring a double-door den with engineered hardwood flooring, recessed lighting, and ceiling fan. The spacious primary suite is a private retreat with luxury vinyl plank flooring, decorative millwork, dual custom walk-in closets, private patio access, and tranquil views of the pool and waterfront. The luxurious primary bath includes dual vanities, a jetted soaking tub, separate shower with dual shower heads, water closet, and abundant linen storage. The gourmet kitchen is equipped with granite countertops, wood cabinetry, an oversized center island, walk-in pantry, GE Monogram natural gas cooktop with center grill, wall oven, built-in microwave, beverage station with wine storage, built-in refrigerator, KitchenAid dishwasher, and a breakfast nook overlooking the outdoor living area. Designed to embrace the Florida lifestyle, the outdoor space features a recently resurfaced and retiled chlorine pool with spillover spa, gas pool heater, Aqualink automation system, pool safety fence, new paver patio, and a covered summer kitchen area and a covered bar area ideal for entertaining. Additional highlights include a new roof (2025), new gutters (2025), spray foam insulation, natural gas service through AmeriGas, gas dryer, central vacuum system, whole-house intercom, plantation shutters, spacious laundry room with utility sink and abundant storage, and generous closet space throughout. Built in 2007 and meticulously maintained, this waterfront residence combines privacy, boating amenities, and exceptional indoor-outdoor living in a truly special setting. Located in the sought-after Village of North Palm Beach, a golf cart-friendly community known for its waterfront lifestyle, community parks, and the acclaimed North Palm Beach Country Club with golf, tennis, dining, and year-round recreational opportunities.

608 Inlet Road, North Palm Beach
$3,995,000
B26035280 MLS ⋅ North Palm Beach Village BLDG.
Presenting one of the most unique multifamily properties in all of Palm Beach County, welcome to Cutler's Cove in North Palm Beach. This waterfront, twelve (12) unit apartment complex is 100% leased with virtually zero turnover in the last five years is the cash cow you have been waiting for! Cutler's Cove has a diverse unit mix consisting of five (5) one bedroom units, five (5) two bedroom units, one (1) three bedroom unit, and a studio apartment with a GLA of approximately 11,040 SF and an average of 829 SF per unit. Additionally, this property is also situated on an enormous cove with 210' of linear water-frontage, providing tenants beautiful waterfront views that demand a premium. This water-frontage gives any value-add investor the rare ability install a large dock capable of accommodating several boat slips, which will undoubtedly produce additional rental income. With just one fixed bridge (with a maximum height clearance of 17') before hitting the intracoastal waterway, this is truly one of the most unique value-add opportunities in South Florida's multifamily market. All twelve (12) units were renovated after the current owner purchased the property and every unit has ceramic tile floors, durable millwork throughout, and granite countertops in both the kitchen and bathrooms. Each unit also has its own private, waterfront balcony with beautiful views at any time of the day. other building amenities include complete hurricane impact windows & doors, two staircases on either side of the building, and most importantly, a top of the line elevator for tenants unable to utilize stairs. The exterior of the building was painted within the last twelve months and the asphalt parking lot was redone and re-striped at the same time. Currently, the gross monthly income is approximately $20,500 which gives an average for all twelve units of only $1.85 PSF and is far below current market rates in the area. In addition, all twelve units are on month-to-month leases, which gives any investor the ability to raise rents immediately after the acquisition. When comparing the average rent per unit at the subject property ($1,705/month) to the Palm Beach County average ($2,530/month), it is clear to see that there is a massive opportunity for growth here with this asset. For the conservative investors, bumping the average rent to an affordable rate of $2,000/month (20% below county average) per unit would still generate a 17% increase to the monthly gross income without spending a dollar and would take the annual income from $245,460 to $288,000 overnight. Opportunities like this do not last long!

628 Southwind Circle, North Palm Beach