516 Park Place

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.

Essential Information

MLS® #RX-11035230
Price$2,350,000
Bedrooms7
Bathrooms7.00
Full Baths6
Half Baths1
Square Footage4,283
Year Built1925
TypeMulti-Family
Sub-TypeQuad Plex
StyleNo
StatusActive

Community Information

Address516 Park Place
Area5430
SubdivisionFLAMINGO PARK IN
CityWest Palm Beach
CountyPalm Beach
StateFL
Zip Code33401

Amenities

ViewGarden, City
WaterfrontNone

Utilities

Cable, 3-Phase Electric, Public Sewer, Public Water, Gas Natural, Water Available

Pool

Equipment Included, Fiberglass, Spa

Interior

HeatingZoned
CoolingCentral Individual
# of Stories2

Exterior

Lot Description< 1/4 Acre
WindowsBlinds
RoofBarrel, Flat Tile

Exterior Features

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

Construction

Frame/Stucco, Frame, Hollow Tile

Additional Information

Listing Courtesy ofCompass Florida LLC (PB)
Date ListedNovember 8th, 2024
ZoningSF14-C2--HIST. S

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516 Park Place, West Palm Beach, FL – $2,350,000