Homes for sale - 516 Park PL, West Palm Beach, FL 33401

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Derek Ratliff

derek.ratliff@riserealtyadvisors.com +1(386) 438-9355

Listed by Compass Florida LLC (PB)

$ 2,350,000

Est. payment | -/mo

7 Beds

6.5 Baths

4,080 SqFt

Save Virtual Tour

$ 2,350,000

Est. payment | -/mo

Save Virtual Tour

7 Beds

6.5 Baths

4,080 SqFt

Key Details

Property Type Multi-Family

Sub Type Quad Plex

Listing Status Active

Purchase Type For Sale

Square Footage 4,080 sqft

Price per Sqft $575

Subdivision Flamingo Park In

MLS Listing ID RX-11035230

Bedrooms 7

Full Baths 6

Half Baths 1

Construction Status Resale

HOA Y/N No

Year Built 1925

Annual Tax Amount $21,960

Tax Year 2023

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.

Location

State FL

County Palm Beach

Area 5430

Zoning SF14-C2--HIST. S

Interior

Heating Zoned

Cooling Central Individual

Flooring Laminate, Tile, Vinyl Floor

Exterior

Exterior Feature Cabana, Covered Balcony, Covered Patio, Custom Lighting, Deck, Extra Building, Fence, Open Balcony, Open Patio, Open Porch, Outdoor Shower

Pool Equipment Included, Fiberglass, Spa

Utilities Available Cable, Electric, Gas Natural, Public Sewer, Public Water, Water Available

Amenities Available Common Laundry, Internet Included, Sidewalks, Spa-Hot Tub, Whirlpool

Waterfront Description None

View City, Garden

Roof Type Barrel,Flat Tile

Private Pool No

Building

Lot Description < 1/4 Acre

Story 2.0

Foundation Frame, Hollow Tile, Stucco

Construction Status Resale

Others

Senior Community No Hopa

Restrictions None

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(386) 438-9355

derek.ratliff@riserealtyadvisors.com

10752 Deerwood Park Blvd South Waterview II, Suite 100 , JACKSONVILLE, Florida, 32256, USA

516 Park PL West Palm Beach, FL 33401