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516 Park Place

West Palm Beach, FL 33401
  • $2,350,000
  • STATUS: Active
  • ON SITE: 102 Days
  • MLS #: RX-11035230
UPDATED: 35 min ago
$2,350,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,080
    SQFT
  • $576
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Description

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.

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www.bettersouthfloridahomes.com/homes/157655858
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516 Park Place West Palm Beach, FL 33401

  • Price: $2,350,000
  • Status: Active
  • On Site: 102 Days
  • Updated: 35 min ago
  • MLS #: RX-11035230
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,080
SQFT
$576
$/SQFT
1925
Built
Neighborhood:
Flamingo Park In
County:
Palm Beach
Area:
West Palm Beach
Property Description
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.
Exterior Features

Carport Spaces 0.00 Construction FrameHollow TileStucco Exterior Features CabanaCovered BalconyCovered PatioCustom LightingDeckExtra BuildingFenceOpen BalconyOpen PatioOpen PorchOutdoor Shower Lot Description < 1/4 Acre Private Pool Description Equipment IncludedFiberglassSpa Private Pool YN No Roof BarrelFlat Tile Storm Protection Impact Glass Complete Unit1 Parking Open ParkingSpace Parking Unit2 Parking Open ParkingSpace Parking Unit3 Parking Open ParkingSpace Parking Unit4 Parking Open ParkingSpace Parking View CityGarden Waterfront Description None Waterfront YN No

Interior Features

Cooling Central Individual Flooring LaminateTileVinyl Floor Heating Zoned Unit1 Bedrooms 2 Unit1 Desc A/C UnitBuilt-in ShelvesDen/FamilyDishwasherDisposalElectric MeterFoyerKitchenLaundryMicrowavePantryPatioRange - GasRefrigeratorSeparate DiningSplit BedroomsWindow Cover Unit1 Full Baths 2 Unit1 Furnished Yes Unit1 Sq Ft 1336 Unit2 Bedrooms 3 Unit2 Desc A/C UnitDen/FamilyDishwasherDisposalElectric MeterFoyerKitchenLaundryMicrowavePantryRange - GasRefrigeratorSeparate DiningSplit BedroomsUtilityWindow Cover Unit2 Full Baths 2 Unit2 Furnished Yes Unit2 Sq Ft 1336 Unit3 Desc A/C UnitBuilt-in ShelvesDen/FamilyDishwasherDisposalDryerKitchenLaundryMicrowavePantryPatioRange - GasRefrigeratorSeparate DiningUtilityW/D HookupWalk-in ClosetsWasherWindow Cover Unit3 Full Baths 1 Unit3 Furnished Yes Unit3 Half Baths 1 Unit3 Sq Ft 695 Unit4 Bedrooms 2 Unit4 Desc A/C UnitBuilt-in ShelvesDen/FamilyDishwasherDisposalDryerKitchenLaundryMicrowavePantryPatioRange - GasRefrigeratorSplit BedroomsW/D HookupWalk-in ClosetsWasherWindow Cover Unit4 Full Baths 1 Unit4 Sq Ft 758 Window Treatments Blinds

Property Features

Annual Net Operating Income 141001.00 Annual Total Expenses 46901.00 Auction No Available Info AccountingInvestment Analysis Built Desc Resale Gated Community No Gross Operating Income 187902.00 Homeowners Association None HOPA No Hopa List Office Board Code Greater Fort Lauderdale Realtors Multifamily Type Quad Plex Possession At ClosingFunding REO No Restrictions None Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses AccountantOwnerTax Return Special Assessment No Sq Ft Total 4283.00 Subdivision Amenities Common LaundryInternet IncludedSidewalksSpa-Hot TubWhirlpool Tax Amount 21960.00 Tax Year 2023 Taxes City/County Tenant Pays None Terms Considered CashConventional Unit1 Monthly Income 6000.00 Unit2 Monthly Income 7000.00 Unit3 Monthly Income 3500.00 Unit4 Monthly Income 4000.00 Utilities CableElectricGas NaturalPublic SewerPublic WaterWater Available Zoning SF14-C2--HIST. S

Listing provided courtesy of Compass Florida LLC (PB): . Listing information © 2025 BeachesMLS
 
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1361 Sawgrass Corporate Parkway #200
Sunrise FL, 33323