$2,350,000
For Sale
4080 sqft | #RX-11035230
Browse 94 photos
Type:Multi-Family
Structure:4 Family
Zone:Residential

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.

  • Interior Details
      • CoolingCentral Individual
  • Property Details
      • Exterior FeaturesCabana, Covered Balcony, Covered Patio, Custom Lighting, Deck, Extra Building, Fence, Open Balcony, Open Patio, Open Porch, Outd
      • Exterior MaterialsCabana, Covered Balcony, Covered Patio, Custom Lighting, Deck, Extra Building, Fence, Open Balcony, Open Patio, Open Porch, Outd
      • ViewCity, Garden
      • Lot Features< 1/4 Acre
      • Lot Description< 1/4 Acre
      • Stories2
    • Measurements
      • Square Feet4080
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1925
    • Material information
      • RoofFlat Tile, Barrel
  • Utilities / Energy Details
      • Utility FeaturesCable Connected, Electricity Connected, Gas Natural, Public Sewer, Public Water, Water Available
  • Community and Neighborhood Details
      • SubdivisionFLAMINGO PARK IN
    • Location
      • ZoningSF14-C2—HIST. S
      • CountyPalm Beach
  • Financial Details
      • Original List Price$2,350,000
      • Taxes Annual$21,960
  • Other
      • MLS #RX-11035230

Location

William Barnes | BrokerReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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