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Property 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.

Overview

Property Status
Sold
Date Sold
June 30, 2025
MLS ID
R11035230
Property Type
Multi-Family
Year Built
1925

Features & Amenities

Total Area
4,283 Sq.Ft.
Neighborhood
New Construction, West Palm Beach
Water Frontage
None
View Description
City, Garden
Stories
2
Water Source
Public
Utilities
Cable Available, Natural Gas Available, Sewer Available, Water Available
Pool
Fiberglass, Pool Equipment
Roof
Barrel, Flat
Lot Features
1/4 Acre
Heat Type
Zoned
Air Conditioning
Central Air
Sewer
Public Sewer
HOA Amenities
Spa/Hot Tub, Sidewalks
Other Exterior Features
Balcony, Lighting, Outdoor Living Area, Outdoor Shower
Sales Price
$2,200,000
Real Estate Tax
$21,960/yr
Zoning
SF14-C2—HIST. S

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516 Park Place

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for your interest in 516 Park Place, West Palm Beach, FL 33401

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