West Palm Beach, FL 33401 516 Park Place
$2,350,000
93 more
Presented By: Compass Florida LLC (PB)
Beds • 7
Full/Half Baths • 6 / 1
SQFT • 4,080
Home Details
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.
Presented By: Compass Florida LLC (PB)
Interior Features for 516 Park Place
Other Interior Features
Window TreatmentsBlinds
Unit 1 DescA/C Unit, Built-in Shelves, Den/Family, Dishwasher, Disposal, Electric Meter, Foyer, Kitchen, Laundry, Microwave, Pantry, Patio, Range - Gas, Refrigerator, Separate Dining, Split Bedrooms, Window Cover
Unit 2 DescA/C Unit, Den/Family, Dishwasher, Disposal, Electric Meter, Foyer, Kitchen, Laundry, Microwave, Pantry, Range - Gas, Refrigerator, Separate Dining, Split Bedrooms, Utility, Window Cover
Unit 3 DescA/C Unit, Built-in Shelves, Den/Family, Dishwasher, Disposal, Dryer, Kitchen, Laundry, Microwave, Pantry, Patio, Range - Gas, Refrigerator, Separate Dining, Utility, W/D Hookup, Walk-in Closets, Washer, Window Cover
Unit 4 DescA/C Unit, Built-in Shelves, Den/Family, Dishwasher, Disposal, Dryer, Kitchen, Laundry, Microwave, Pantry, Patio, Range - Gas, Refrigerator, Split Bedrooms, W/D Hookup, Walk-in Closets, Washer, Window Cover
FlooringLaminate, Tile, Vinyl Floor
SqFt - Living4080.00
General for 516 Park Place
Adult 55+No Hopa
Area5430
AuctionNo
Carport Spaces0.00
ConstructionFrame, Hollow Tile, Stucco
CoolingCentral Individual
Gated CommunityNo
Geo AreaPB20
Geo Lat26.697672
Geo Lon-80.056565
HOANone
HOA/POA/COA (Monthly)0.00
HeatingZoned
Legal DescriptionFLAMINGO PARK LT 3 BLK 2
PossessionAt Closing, Funding
Property TypeB
REONo
RestrictNone
RoofBarrel, Flat Tile
Short SaleNo
Source of ExpensesAccountant, Owner, Tax Return
StatusActive Under Contract
Stories2.0
SubdivisionFLAMINGO PARK IN
Tax Year2023
Taxes$21,960
Tenant PaysNone
Terms ConsideredCash, Conventional
TypeQuad Plex
UtilitiesCable, Electric, Gas Natural, Public Sewer, Public Water, Water Available
ViewCity, Garden
Virtual TourClick here
Year Built1925
ZoningSF14-C2--HIST. S
Exterior for 516 Park Place
Exterior AmenitiesCabana, Covered Balcony, Covered Patio, Custom Lighting, Deck, Extra Building, Fence, Open Balcony, Open Patio, Open Porch, Outdoor Shower
Lot Description< 1/4 Acre
Private Pool Y/NNo
Subdiv AmenitiesCommon Laundry, Internet Included, Sidewalks, Spa-Hot Tub, Whirlpool
Unit 1 ParkingOpen Parking, Space Parking
Unit 2 ParkingOpen Parking, Space Parking
Unit 3 ParkingOpen Parking, Space Parking
Unit 4 ParkingOpen Parking, Space Parking
WaterfrontNo
WaterfrontNone
Additional Details
Price History
Ellecia Hutchinson
Realtor®
