Exceptional waterfront development opportunity in the Town of

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Home Sale Pending

206 Lake Drive

Palm Beach Shores, Florida 33404

Palm Beach County

Waterfront: Yes

Community: PALM BEACH SHORES

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$7,000,000 3 br, 3.0 bath 1686 sq. ft. 0.420 acres

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.

Interior:
  • Bedrooms: 3
  • Baths: 3.0
  • Sq Ft: 1686
  • Year Built: 1953
  • Utilities: 
  • Fireplaces: 
  • Stories: 1
  • Heat/AC: Electric (Heating)
  • Garage: Open, Garage - Attached, Garage
Exterior:
  • Lot Size: 0.420 acre
  • Lot Dimensions: 
  • Waterfront: Yes
  • View Types: 
  • Yard: 
  • Siding: CBS
  • Roof: Composition, Shingle
  • Property Taxes: $12,511
  • MLS #: R11168153
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Contact Information:
Beach Home Sale Pending in Palm Beach Shores, Florida
Listing Agent: Kevin M Spina, Keyes Company Realtors, 561-722-1169, 561-845-6036 Listing Site, Listing Status: Pending
Copyright © 2026 BeachesMLS / Flexmls. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7427372
Viewed 7 times.
Updated: Mar 17, 2026

This property is a Home located at 206 Lake Drive, Palm Beach Shores, Florida 33404, and is currently Sale Pending at $7,000,000. This Home has 3 bedrooms, 3.0 baths, 1686 sq ft.