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176 Lake Drive, Palm Beach Shores, FL 33404

$58,500,000
Property Type: Commercial Sale Lot Size (sq. ft.): 32,670 Status: Closed
Current Price: $58,500,000 List Date: 3/31/2025 Last Modified: 1/13/2026

More Information MLS# R11076662

Contract Information

Comp Sale YN: Yes Listing Contract Date: 2025-03-31 Status: Closed Original List Price: 58500000 Sold Price: $58,500,000 Current Price: $58,500,000

Location and Legal

County Or Parish: Palm Beach County Parish Name: Palm Beach City Name: Palm Beach Shores Postal Code: 33404 Geographic Area: PB28 Property Description: MultiFamily-5+ Unit Country: United States Street Number: 176 Street Name: Lake Street Suffix: Drive State Or Province: FL Area: 5240 Parcel Number: 54434227040005361 Zoning: C—MULTI-FAMILY

General Property Information

Lot Size Area: 32670 Stories: 3 Property Sub Type: Multi Family Building Area Source: Public Records Year Built: 2008 Lot Size Acres: 0.75

Currently Not Used

Number Of Units Total: 36

Remarks and Miscellaneous

Public Historical Remarks: Building Type: Y

Office/Member Information

DXORIGMLSID: RML

Status Change Information

Buyer Financing: Other Major Change Timestamp: 2025-03-31T15:56:37Z Major Change Type: Status Change Status Change Date: 2025-03-31 Under Contract Date: 2024-10-23 Close Date: 2024-10-23 Close Price: 58500000

Flooring

Other: 1

Possession

Negotiable: 1

Utilities

Other: 1

Building and Property Details

# Of Toilets: 70 % Air Conditioned: 100 Maximum Ceiling Height: 10

Heating

Other: 1

Sale Includes

Building: 1 Land: 1

Listing Terms

Other: 1

Roof

Other: 1

Security Features

None: 1

Cooling

Other: 1

Showing Requirements

Call Listing Agent: 1

Contingencies

None: 1

Contributions

Buyer Contributions: No

Price Calculations

Original List Price To Close Price: 1

Financial Information

Tax Annual Amount: 123597 Tax Year: 2024 Tax Legal Description: C—MULTI-FAMILY (HOTELS/MOTELS) (54-PALM BEACH SHORES)

Originating Details

Originating System Key: 20250331150525445446000000 Originating System ID: M00000170

Property Features

Flooring: Other Heating: Other Possession: Negotiable Sale Includes: Building; Land Cooling: Other Listing Terms: Other Roof: Other Security Features: None Utilities: Other Showing Requirements: Call Listing Agent Contingencies: None
Listing Office: Non Member Listing Office
Last Updated: January - 13 - 2026
176 Lake Drive, Palm Beach Shores, FL 33404- MLS# R11076662
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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