Active

516 Park Place

West Palm Beach FL, 33401

$2,350,000


$575.98 per sqft

Active

4,080 sqft

Residential

Built in 1925

516 Park Place (the ''Property'') offers an exceptional investment opportunity in West Palm Beach's Flamingo Park neighborhood, a prime location known for its historic charm and proximity to top dining, shopping, and cultural landmarks. This 4,283-square-foot, 4-unit Airbnb property is situated just blocks from the Intracoastal Waterway, providing a strategic location to attract both short-term vacationers and seasonal renters. Meticulously renovated, with nearly $1mm invested in preserving the property's historic features while updating to contemporary Palm Beach chic. New roofs, windows, electrical, HVAC, plumbing, luxury kitchens & bathrooms complement the stylish interiors. The outdoor areas, designed as a tropical oasis feature hot tubs & private sitting/dining areas.

R11035230

MLSⓇ ID

November 7, 2024

Listed

November 22, 2024

Updated

Map

516 Park Place
West Palm Beach FL, 33401

Interior Features

Total Stories

2


Floor Description

Laminate, Tile, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Zoned

Exterior/Building Features

Exterior Features

Balcony, Deck, Fence, Porch, Patio


Lot Features

1/4 Acre


Roof

Barrel, Flat, Tile


Sewer

Public Sewer

Other Property Details

Area Name

5430


Taxes

$21,960


Tax Frequency

Annually


Days on Market

1


Garage

No


View

Yes


View Description

Garden, Water


County

Palm Beach


Water Source

Public


Pool

No


Pool Features

Fiberglass, None, Pool Equipment

Listed by: Compass Florida LLC (PB)
Listing Contact:  

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Data last updated 7:09 PM UTC, 11/22/2024

 

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