115 Cascade Lane, Palm Beach Shores, FL, 33404 | $23,000

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. The first unit welcomes you with a cozy studio, an ideal space for those seeking a tranquil retreat by the sea. Sunlight streams through ample windows, creating a bright and airy atmosphere that perfectly complements the coastal vibes of Palm Beach Shores. Two expansive 3-bedroom, 2-bathroom units form the heart of this multifamily home. These well-appointed residences are meticulously designed to capture the essence of beachside luxury. Spacious living areas seamlessly flow into gourmet kitchens, creating an ideal setting for entertaining guests or enjoying quality family time. Private balconies offer breathtaking views of the surrounding area, inviting the serenity of the nearby ocean into the daily lives of the fortunate residents. The crowning jewel of this property is a split-level 3-bedroom, 3. 5-bathroom townhouse, epitomizing elegance and sophistication. With meticulous attention to detail, this residence boasts a layout that effortlessly combines form and function. From the sleek, modern kitchen to the luxurious en-suite bathrooms, every aspect of this townhouse reflects a commitment to quality and style. The split-level design adds a touch of uniqueness, creating a home that is both aesthetically pleasing and functionally practical. Stepping outside, residents are greeted by a backyard oasis that elevates the concept of outdoor living. Towering trees line the private retreat, offering shade and privacy, while a sparkling pool and spa beckon for relaxation and recreation. Whether it's a refreshing swim on a warm afternoon or a soothing soak under the stars, this backyard sanctuary is a haven for those who appreciate the finer things in life. Beyond the sheer luxury of this residence, the investment potential is undeniable. Palm Beach Shores, with its pristine beaches and exclusive atmosphere, has long been a sought-after destination. The demand for high-end, well-located properties remains robust, making this multifamily home not only a haven for its residents but also a lucrative investment opportunity. As the sun sets over the Atlantic, casting a warm glow on the palm-fringed streets, the allure of this multifamily residence becomes undeniable. Whether you are seeking a private coastal retreat, a smart investment, or a combination of both, this property in Palm Beach Shores stands as an invitation to indulge in the finest aspects of Florida living. Seize the opportunity to make this multifamily gem your own and embark on a journey of seaside elegance in one of the most prestigious communities on the East Coast.

Features

  • Type: Multi Family
  • Rooms: 1
  • Bedrooms: 10
  • Baths: 8 full / 1 half
  • Laundry: Laundry Closet, Inside
  • Year Built: 1956
  • Heating: Central, Window/Wall
  • Cooling: Central Air, Wall/Window Unit(s)
  • Approx Sq. Feet: 5,392
  • View: Pool
  • Pool: Private
  • Pet Policy: No
  • Appliances: Electric Water Heater, Dryer, Disposal, Dishwasher, Ice Maker, Microwave, Refrigerator, Water Heater, Washer, Range
  • Tenant Pays: Cable TV, Electricity, Insurance, Repairs, Taxes, Water
  • MLS#: R10934490
  • Website: https://www.raveis.com
    /prop/R10934490/115cascadelane_palmbeachshores_fl?source=qrflyer
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Listing courtesy of Logan Realty Inc

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Pedro DelgadilloInsurance Sales Director, William Raveis Insurance

305.922.5393

Pedro.Delgadillo@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

115 Cascade Lane, Palm Beach Shores, FL, 33404

$23,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $18,400 $18,400 $18,400
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.250% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.324% 6.398% 5.614%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $109 $113 $149
Total Monthly Payment $184 $188 $224

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.