La Doral
10-Unit Beachside Multifamily | Hotel License in Place | 100% Occupied
Marketing description
Prime 10-Unit Beachside Multifamily Asset | Palm Beach Shores / Singer Island
Offered for sale is La Doral, a rare 10-unit multifamily asset ideally located in the heart of Palm Beach Shores on Singer Island, just steps from the Atlantic Ocean, Palm Beach Inlet, and Sailfish Marina. A hotel license is currently in place, providing operational flexibility in one of South Florida’s most supply-constrained barrier island markets.
The property consists of eight one-bedroom/one-bath units and two two-bedroom/one-and-one-half-bath units, supported by 17 on-site parking spaces — an exceptional parking ratio for this barrier island location.
Constructed of CBS, the building features impact windows throughout and a concrete roof protected by a recently installed silicone coating system, minimizing near-term capital exposure. All units are separately metered for water and electric, allowing for operational flexibility and efficient expense management.
The asset is currently operated as a stabilized annual rental with long-term tenants on month-to-month leases, reflecting ownership’s current strategy.
True beachside multifamily inventory on Singer Island is limited, and assets of this scale rarely come to market.
Detailed financials available upon execution of Confidentiality Agreement.
Investment highlights
• 10-Unit Multifamily Asset in Palm Beach Shores
• Zoned B – Commercial (Multifamily & Hospitality Flexibility)
• Hotel License in Place
• Concrete Construction with Impact Windows
• Month-to-Month Leases
• Separately Metered Electric & Water
• 17 On-Site Parking Spaces
• Walk to Beach, Inlet & Sailfish Marina
• Strong 1031 Replacement Candidate
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