206 Lake Dr - WATERFRONT DEVELOPMENT OPPORTUNITY 0.42 Acres of Commercial Land Offered at $12,556,800 CAD in Palm Beach Shores, FL 33404

EXTREMELY RARE Waterfront Development Opportunity! Located on 0.42 acres in Palm Beach Shores, this prime Intracoastal lot offers unparalleled location- Direct ocean access in minutes! —no fixed bridges! Across from Peanut Island on Lake Worth Lagoon/Palm Beach Inlet. Commercial zoned- Permitted for single-family, multi-family, or hotel/motel. Features a 99' dock. This parcel sits at the heart of a region undergoing significant waterfront revitalization. Palm Beach Shores delivers an upscale, tight knit coastal living experience. Residents enjoy private beach access within walking distance. Top-tier location for water recreation and water enthusiasts. Steps to Sailfish Marina, upscale shops, restaurants, and short drives to world-class golf, Palm Beach, downtown, and PBI international.
* Location & Community — Palm Beach Shores, Florida
Nestled on the southern tip of Singer Island, Palm Beach Shores is a rare enclave bordered by the Atlantic Ocean to the east, Lake Worth Lagoon to the west, and the Palm Beach Inlet to the south. With just over half a square mile of land the town offers an intimate, upscale coastal lifestyle with a strong sense of community.
* Why Palm Beach Shores Stands Out for a Waterfront Development
Palm Beach Shores perfectly balances exclusivity with livability. This seaside town offers the rare combination of small-town intimacy, rich recreational amenities, boater-friendly access, and proximity to Palm Beach’s ultra luxury lifestyle. It supports both higher end single family residences and boutique hospitality developments, anchored by a strong local infrastructure and a year-round community.
Whether future development of this lot is targeting a multifamily development for families, seasonal residents, or boutique hotel/short term guests, this town offers credible lifestyle appeal and long-term investment potential— on an Intracoastal parcel with C zoning offering permitted multi-family or hotel/motel uses.
* Regional Development & Waterfront Momentum
Investment & Waterfront Development Insights-
• Riviera Beach’s Marina Village is transitioning into a vibrant marina-front destination, combining leisure, hospitality, and housing—on this intracoastal corridor.
• Nearby high-rise condo and condo-hotel proposals signal strong confidence in waterfront luxury residential investment, adding competitive context for upscale development.
• Rehab of historic hospitality such as the Gulf Stream Hotel, plus modern boutique projects, speaks to growing demand for unique waterfront experiences across Palm Beach County.
This Intracoastal parcel in Palm Beach Shores sits at the heart of a region undergoing significant waterfront revitalization—notably a major marina redevelopment anchored by mixed-use living, dining, and hospitality. Investors and developers are targeting this corridor for upscale residential and hotel concepts that would complement this parcel’s permitted single family, multi-family, or hotel uses. Adjacent cities all around South Florida are undergoing significant development and re-development projects. Ultra-high net worth migration to South Florida continues and has accelerated the single-family luxury home market! This momentum further underscores desirability, visibility, and future upside potential!