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516 Park Place
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PRICED AT ONLY: $2,350,000

Address: 516 Park Place, West Palm Beach, FL 33401

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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  • MLS#: RX-11035230 ( Quad Plex )
  • Street Address: 516 Park Place
  • Viewed: 6
  • Price: $2,350,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1925
  • Bldg sqft: 0
  • Days On Market: 64

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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Features
Building and Construction
  • Absolute Longitude: 80.056565
  • Construction: Frame, Hollow Tile, Stucco
  • Exterior Features: Cabana, Covered Balcony, Covered Patio, Custom Lighting, Deck, Extra Building, Fence, Open Balcony, Open Patio, Open Porch, Outdoor Shower
  • Flooring: Laminate, Tile, Vinyl Floor
  • Roof: Barrel, Flat Tile
  • Sqft Source: Tax Rolls
  • Sqft Total: 4283.00
  • Total Building Sqft: 4080.00
Property Information
  • Property Condition: Resale
  • Property Group Id: 19990816212116581394000000
Land Information
  • Lot Description: < 1/4 Acre
  • Subdivision Information: Common Laundry, Internet Included, Sidewalks, Spa-Hot Tub, Whirlpool
Eco-Communities
  • Private Pool: No
  • Storm Protection Impact Glass: Complete
  • Waterfront Details: None
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Individual
  • Heating: Zoned
  • Number Of Stories: 2.0
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: No
  • Utilities: Cable, Electric, Gas Natural, Public Sewer, Public Water, Water Available
  • Window Treatments: Blinds
Finance and Tax Information
  • Homeowners Assoc: None
  • Income Expenses Annual Net Oper Inc: 141001.00
  • Income Expenses Annual Total Expense: 46901.00
  • Income Expenses Gross Operating Inc: 187902.00
  • Source Of Expenses: Accountant, Owner, Tax Return
  • Tax Year: 2023
Rental Information
  • Tenant Pays: None
Other Features
  • Avail Info: Accounting, Investment Analysis
  • Country: United States
  • Housing For Older Persons Act: No Hopa
  • Legal Desc: FLAMINGO PARK LT 3 BLK 2
  • Spa: Yes
  • Parcel Id: 74434328060020030
  • Possession: At Closing, Funding
  • Special Assessment: No
  • View: City, Garden
  • Zoning: SF14-C2--HIST. S
Nearby Subdivisions
Belle Vue Add To Wpb   Clows   Flamingo Park   Flamingo Park In   Freshwater Add To Wpb   Grandview Heights   Mercer Park   Sunshine Park Add 1   West Palm Beach  

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