$5,607,000
Active
142d
$5,607,000
123 Ocean #Ph G
Palm Beach Shores, FL 33404
3 bd3.5 ba2,428 sqft
123 Ocean
$7,000,000Closed
206 Lake Drive, Palm Beach Shores, FL 33404
Palm Beach Shores, FL 33404
3
Beds
3
Baths
1,686
Sq Ft
$4,152
$/Sq Ft
1953
Year Built
2 car
Garage
0.42 acres
Lot Size
Listing Snapshot
| List Price | $7,000,000 |
| Price / Sq Ft | $4,152 |
| Beds | 3 |
| Baths | 3 |
| Living Area | 1,686 sqft |
| Lot Size | 0.42 acres |
| Year Built | 1953 |
| Property Tax | $12,511.1/yr |
| MLS # | 1154244978 |
| Status | Closed |
About This Home
Exceptional waterfront development opportunity in the Town of Palm Beach Shores. Spanning approximately 0.42 acres along the Intracoastal Waterway, this property offers direct access to the Atlantic Ocean within minutes and no fixed bridges. Positioned across from Peanut Island and just north of the Palm Beach Inlet, the location provides outstanding boating convenience and wide water views. Zoned C, the parcel allows for multiple potential uses including single-family, multi-family, or hospitality (subject to town approvals). The property features approximately 75 ft of waterfront with an existing 99 ft dock and is located in an area experiencing continued coastal enhancement and investment. Palm Beach Shores is a unique seaside municipality situated on the southern tip of Singer Island bordered by the Atlantic Ocean, Lake Worth Lagoon, and the Palm Beach Inlet. Residents enjoy walkable access to the beach, a community pavilion, local parks, and nearby marinas. Close to waterfront dining, shopping, golf courses, and Palm Beach International Airport. Buyer to verify zoning, permitted uses, and development requirements with the Town of Palm Beach Shores.
General Features
- Property Type
- Residential
- Sub-type
- SingleFamilyResidence
- Style
- Ranch
- Stories
- 1
- Direction Faces
- East
- Attached Garage
- Yes
- Garage Spaces
- 2
- Parking
- Attached,Garage,Open
- Zoning
- DISTRIC C - MUL
- Utilities
- SewerAvailable,WaterAvailable
- Subdivision
- PALM BEACH SHORES
Interior Features
- Appliances
- Refrigerator
- Heating
- Electric
- Cooling
- CentralAir
- Interior Features
- None,SplitBedrooms
- Furnished
- Unfurnished
Exterior Features
- Construction
- Block
- Roof
- Composition,Other,Shingle
- Lot Features
- QuarterToHalfAcreLot
- Pool
- No
- View
- Intercoastal
- Waterfront
- Yes
- Waterfront Features
- IntracoastalAccess,NavigableWater,NoFixedBridges,OceanAccess,Seawall
Community Features
- Community Features
- BoatFacilities
- Association Amenities
- Boating
- MLS Area
- 5240
Schools
ElementaryLincoln
MiddleJohn F. Kennedy (Palm Beach)
HighWilliam T. Dwyer
Map
Virtual Tour
View Virtual TourListed by Kevin Spina · The Keyes Company (PBG)
MLS# 1154244978 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
MLS# 1154244978 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
Interested in this home?
Schedule a showing or ask a question — buyer representation is free.
Estimate Your Payment
$
20% down · Loan: $5,600,000
%
Est. Monthly$39,244
Principal & Interest$38,202
Property Tax$1,043
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.