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
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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 Under Contract
Baths:
0
Type:
Residential Income
Subtype:
Quad Plex
Subdivision:
FLAMINGO PARK IN
Listed Date:
Nov 7, 2024
Finished Sq Ft:
4,283
Year Built:
1925
FLAMINGO PARK IN

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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
H O A Fee
$0
Net Operating Income
$141,001
Taxes
$0
Utilities
Cable, Electric, Gas Natural, Public Sewer, Public Water, Water Available

Map

Community

Subdivisions in West Palm Beach

Market Summary

Current real estate data for Residential Income in West Palm Beach as of Jun 20, 2025
45
Residential Income Listed
115
Avg DOM
388
Avg $ / SqFt
$865,338
Avg List Price

Property Summary

    Located in the FLAMINGO PARK IN subdivision, 516 Park Place West Palm Beach FL is a Residential Income for sale in West Palm Beach, FL, 33401. It is listed for $2,350,000 To schedule a showing of MLS#rx-11035230 at 516 Park Place in West Palm Beach, FL, contact your Acquire Palm Beach LLC agent at 561-279-3333.

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