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$5,990,000

For Sale - Active
140 Inlet Way Apt 312, Palm Beach Shores, FL 33404
4 Beds
4 Baths
2,600 Square Feet
0.00 Acres Lot
Built in 1989
For Sale - Active
Units n/a
Checked: 11 hours ago
Updated: Jul 01, 2025 at 03:15AM

Investment Summary


Monthly Cash Flow
-$29,117
Cap Rate
0.3%
Cash-on-Cash Return
-25.4%
Debt Coverage Ratio
0.05
Internal Rate of Return (5 years)
-20.5%

Property Description


0.00 Acres Lot
Built in 1989
For Sale - Active
Units n/a

Direct Oceanfront - Palm Beach Inlet. A Very Rare Opportunity to Wake up to the Most Glittering Turquoise Water Views in the Country! This exceptional unit offers privacy and uncompromising 180-degree views of the Palm Beach Inlet, Atlantic Ocean, Palm Beach Island, as well as breathtaking sunrises, sunsets, and some of the World's Most Luxurious Mega-Yachts passing by!A 3-minute walk to see the very famous Peanut Island and a sandbar by the Blue Heron Bridge.Completely professionally renovated, combining two units into one. Interior features include open living, 9-ft. floor-to-ceiling high-impact windows/doors, and abundant natural light. High-end appliances are included.Exterior features include gated entry, additional storage, a pool, a gym, and a BBQ area overlooking the inlet.

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Location


Property Details


Parking

  • Description: Attached, Garage, TwoOrMoreSpaces, GarageDoorOpener
  • Details: Attached, Garage, Garage Door Opener
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Stories: 3

Exterior Features

  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $2,310/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 54434234190020034
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1989

Tax Information

  • Annual Tax: $37,930

Utilities

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Palm Beach

Listing Details


Listed by:
Olha Smolyarchuk
Nizz Realty Inc.
(561) 567-3572

Source:
BeachesMLS
MLS#: R11047298
BeachesMLS

Investment Summary


Monthly Cash Flow
-$29,117
Cap Rate
0.3%
Cash-on-Cash Return
-25.4%
Debt Coverage Ratio
0.05
Internal Rate of Return (5 years)
-20.5%

Purchase Details

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Purchase price:
$5,990,000
Amount financed:
-$4,792,000
Down payment:
$1,198,000
Closing costs:
$179,700
Rehab costs:
$0
Initial cash invested:
$1,377,700
Square feet:
2,600
Cost per square foot:
$2,304
Monthly rent per square foot:
$3.92

Financing Details

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Loan amount:
$4,792,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$30,684
Property tax:
$3,161
Insurance:
$714
Private mortgage insurance (PMI):
$0
Monthly payment:
$34,559

Operating Income

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% Rent Monthly Yearly
Gross rent:
$10,200 $122,400
Vacancy loss: (6%)
6% -$612 -$7,344
Operating income:
$9,588 $115,056

Operating Expenses


% Rent Monthly Yearly
Property taxes: (31%)
31%-$3,161-$37,930
Insurance: (7%)
7%-$714-$8,568
Property management: (8%)
8%-$816-$9,792
Repairs & maintenance: (5%)
5%-$510-$6,120
Capital expenditures: (5%)
5%-$510-$6,120
HOA fees: (23%)
23%-$2,310-$27,720
Total operating expenses: (79%)
79%-$8,021-$96,250

Cash Flow


Monthly Yearly
Net operating income:
$1,567 $18,804
Mortgage payments:
-$30,684 -$368,208
Cash flow:
$29,117 $349,404