516 Park Place West Palm Beach FL 33401 MLS #RX-11035230

516 Park Place
West Palm Beach, FL, 33401
$2,350,000
Beds
0 Baths
4,283 SqFt
0 Acres
Add
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.

Property Details

Price:
$2,350,000
MLS #:
RX-11035230
Status:
Active
Baths:
0
Address:
516 Park Place
Type:
Residential Income
Subtype:
Quad Plex
Subdivision:
FLAMINGO PARK IN
City:
West Palm Beach
Listed Date:
Nov 7, 2024
State:
FL
Finished Sq Ft:
4,283
ZIP:
33401
Year Built:
1925
Ask a Question

See this Listing

Send
  

Michael has helped hundreds of people acquire and sell properties in Palm Beach County, Florida over the last 10+ years. He has surrounded himself with industry professionals that allow his clients to thrive in our ever-changing real estate landscape. After graduating from the University of Wisconsin, Michael migrated to South Florida in 2005 to join his family and escape the cold weather. He began his real estate career in Southwest Florida as a manager for a real estate developer in new home…

More About Michael

Mortgage Calculator

 

Schools

Interior

Cooling
Central Individual
Flooring
Laminate, Tile, Vinyl Floor
Heating
Zoned
Window Treatments
Blinds

Exterior

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
Homeowners Assoc
None
Lot Description
< 1/4 Acre
Private Pool
Equipment Included, Fiberglass, Spa
Roof
Barrel, Flat Tile
View
City, Garden
Waterfront Details
None

Financial

Gross Operating Income
$187,902
Net Operating Income
$141,001
Taxes
$0
Utilities
Cable, Electric, Gas Natural, Public Sewer, Public Water, Water Available

Map

Community

Similar Listings Nearby

516 Park Place
West Palm Beach, FL