115 Cascade Lane

Palm Beach Shores, FL 33404

$4,750,000
Price
Beds
5,392 Sq. Ft.
$881 / Sq. Ft.
5,392
Sq. Ft.
$881
per Sq. Ft.

Description

Seaside elegance in palm beach shores: a rare multifamily gem just steps from the beach. Nestled in the heart of the coveted Palm Beach Shores, less than a block from pristine beach access, lies an unparalleled real estate opportunity that seamlessly blends luxury living with investment potential. Welcome to a multifamily residence, a hidden jewel offering not just a home but a lifestyle in one of Florida's most exclusive coastal communities. This extraordinary property, spanning over 6,000 square...Seaside elegance in palm beach shores: a rare multifamily gem just steps from the beach. Nestled in the heart of the coveted Palm Beach Shores, less than a block from pristine beach access, lies an unparalleled real estate opportunity that seamlessly blends luxury living with investment potential. Welcome to a multifamily residence, a hidden jewel offering not just a home but a lifestyle in one of Florida's most exclusive coastal communities. This extraordinary property, spanning over 6,000 square feet with 5,500 square feet of living space, stands as a testament to architectural sophistication and beachside allure. Comprising four distinct units, each with its unique charm, the residence is a harmonious blend of style, comfort, and investment potential.
  1. Listed by Rhys R Hollyman • Logan Realty Inc

Property Details for 115 Cascade Lane

Subdivision
PALM BEACH SHORES
Waterfront
No
Waterfront Details
None
View
Pool
Style
Pool Only

Location

Listing Courtesy of Logan Realty Inc
Add your commute
LISTING UPDATED: 01/11/2024 12:14 PM

Property Details for 115 Cascade Lane

StatusActive
MLS #RX-10934869
Days on Market176
Taxes$14,902 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quad Plex
Year Built1956
Lot Size0.20 AC / 8,500 SF
CountyPalm Beach County

Location

Listing Courtesy of Logan Realty Inc
Add your commute

Building Information for 115 Cascade Lane

Stories2Residences4Year Built1956Building Size-Lot Size0.20 AC / 8,500 SF

Payment Calculator

$27,165 per month

30 year fixed, 7.25% Interest

Principal and Interest

$25,923

Property Taxes

$1,242

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 115 Cascade Lane

Summary
Location and General Information
  • Property Condition: Resale
  • Development Name: Palm Beach Isles
  • Directions: PGA Blvd west to Singer Island follow Ocean Ave south, make a left onto Lakeside Dr then make a left onto Cascade Lane.
  • Middle School: John F. Kennedy Middle School
  • High School: William T. Dwyer High School
  • Geo Area: Palm Bch 5200; 5210; 5220; 5230; 5240; 5250
  • Street Number: 115
  • Subdivision Complex Bldg: PALM BEACH SHORES, Palm Beach Isles
  • Municipal Code: Palm Beach Shores
  • State: FL
  • City Postal ID: 33404
  • MLS Area: 5240
  • MLS Sub Area: PB28
Parking
  • Carport Spaces: 0
  • Garage Spaces: 0
Taxes and HOA Information
  • Comm/Trans Brk: 2.5%
  • HOPA: No Hopa
  • Tax Year: 2023
  • HOA Dues: $0
Property
Lot Information
  • Area: 5240
  • HOA Amenities: Voluntary
  • Lot Description: < 1/4 Acre, East of US-1, Paved Road, Public Road, Sidewalks
  • Lot Dimensions: 75.0 ft x 115.0 ft
  • Parcel ID: 54434227040002560
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Special Assessment: No
  • Sq Ft Total: 6,495
  • Square Ft Source: Tax Rolls
  • Zoning: DISTRI
Property and Assessments
  • Legal Desc: PALM BEACH SHORES LT 256
  • Sq Ft Liv Area: 5392.0
  • Legal Description: PALM BEACH SHORES LT 256
Utilities
  • Utilities: Cable, Electric, Gas Natural, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction
  • Exterior Features: Auto Sprinkler, Custom Lighting, Open Patio
  • Private Pool: Yes
  • Storm Protection: Impact Glass: Complete
  • Subdiv Amenities: Bike - Jog, Sidewalks, Street Lights
  • Gated Community YN: No
  • Structure Type: Quadruplex
Interior Features
  • Roof: Aluminum
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: No
  • Cooling: Ceiling Fan, Central
  • Flooring: Tile
  • Heating: Central, Central Building, Electric
  • Window Treatments: Blinds, Impact Glass
  • Guest Accommodations: No
  • Spa Features: Heated, In Ground
  • Spa: Yes
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $337,200.00
  • Income & Expenses: Annual Total Expense: $70,800.00
  • Income & Expenses: Gross Operating Inc: $408,000.00
  • Tenant Pays: Cable, Common Area Maint, Electric, Gas, Insurance, Sewer, Taxes, Water
Unit 1
  • Unit 1 Desc: A/C Unit, Built-in Shelves, Dishwasher, Disposal, Dryer, Electric Meter, Kitchen, Laundry, Microwave, Range - Electric, Refrigerator, Smoke Detector, Washer
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: Yes
  • Unit 1 Info: Monthly Income: 4,000
  • Unit 1 Info: SqFt: 400.0
  • Unit 1 Parking: Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Built-in Shelves, Dishwasher, Disposal, Dryer, Electric Meter, Kitchen, Laundry, Microwave, Patio, Range - Electric, Refrigerator, Smoke Detector, Split Bedrooms, Walk-in Closets, Washer
  • Unit 2 Info: Bedrooms: 3
  • Unit 2 Info: Full Bath: 2
  • Unit 2 Info: Furnished: Yes
  • Unit 2 Info: Monthly Income: $10,000
  • Unit 2 Info: SqFt: 1525.0
  • Unit 2 Parking: Space Parking
Unit 3
  • Unit 3 Desc: A/C Unit, Built-in Shelves, Dishwasher, Disposal, Dryer, Electric Meter, Kitchen, Laundry, Microwave, Pantry, Patio, Range - Electric, Refrigerator, Smoke Detector, Split Bedrooms, Walk-in Closets, Washer
  • Unit 3 Info: Bedrooms: 3
  • Unit 3 Info: Full Bath: 2
  • Unit 3 Info: Monthly Income: $10,000.00
  • Unit 3 Info: SqFt: 1725.0
  • Unit 3 Parking: Space Parking
Unit 4
  • Unit 4 Desc: A/C Unit, Built-in Shelves, Dishwasher, Dryer, Electric Meter, Kitchen, Laundry, Microwave, Range - Electric, Refrigerator, Split Bedrooms, Walk-in Closets, Washer
  • Unit 4 Info: Bedrooms: 3
  • Unit 4 Info: Full Bath: 3
  • Unit 4 Info: Half Bath: 1
  • Unit 4 Info: Monthly Income: $10,000.00
  • Unit 4 Info: SqFt: 1742.0
  • Unit 4 Parking: Space Parking
Rental
Rental Information
  • Pets on Premises: No

Property History for 115 Cascade Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 115 Cascade Lane

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 12
Public - 6 to 8
Charter - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicPK to 5

William T. Dwyer High School
PublicPK to 12

John F. Kennedy Middle School
Public6 to 8

Inlet Grove Community High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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115 Cascade Lane is a multi-family home for sale in Palm Beach Shores, FL 33404. This property was listed for sale on November 9, 2023 by Logan Realty Inc, it's currently listed at $4,750,000. It has been on the market for a total of 176 days and was last sold on October 5, 2020. This listing's school district is Palm Beach. Nearby schools include Lincoln Elementary School, William T. Dwyer High School and John F. Kennedy Middle School. 115 Cascade Lane is a 0-bed, 0-bath, 5,392 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Logan Realty Inc

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.