25 days on rocket

516 Park Pl, West Palm Beach, FL, 33401

$2,350,000

Home List Price

$10,000*

Closing Credit

0 Baths
4,080 SqFt
$576/SqFt
Multi

Location

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516 Park Pl, West Palm Beach$2,350,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1925
HeatingZoned
CoolingCentral Air
WaterfrontNone
ViewCity, Garden
MLS #RX-11035230
StatusActive

About 516 Park Pl

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

Property Features

Property Information:

  • Year Built: 1925
  • Stories: 2
  • Living Area: 4,080 SqFt

Listing Office:

  • Office Name: Compass Florida LLC (PB)
  • Office Phone: (305) 851-2820
  • Listing Agent: Christopher Bernhart Scott

Interior Features

Interior Information:

  • Flooring Type: Laminate, Tile, Vinyl Floor

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • View: City, Garden
  • Exterior: Cabana, Covered Balcony, Covered Patio, Custom Lighting, Deck, Extra Building, Fence, Open Balcony, Open Patio, Open Porch, Outdoor Shower

Virtual/3D Tour

  • Virtual Tour: 516 Park Pl
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Utilities

Utilities Information:

  • Heating: Zoned
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,350,000
  • Price Per SqFt: $576/SqFt

Tax Information:

  • Annual Amount: $9,821
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in West Palm Beach, FL.

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West Palm Beach, FL

City

Med. Sold Price

$399.4K

Med. Price/SqFt

$273

Avg. Days On Market

69

# of Sold Homes

188

516 Park Pl vs West Palm Beach

25 DAYS ON ROCKET

-44 Days

$2,350,000

+$1.9M More

$576/SqFt

+$302 More

KEY TAKEAWAY

This property is $1.9M more than the Median Sold Price and $302/SqFt more than other homes in West Palm Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #RX-11035230

Listing Office:

  • Office Name: Compass Florida LLC (PB)
  • Office Phone: (305) 851-2820
  • Listing Agent: Christopher Bernhart Scott

IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/3/2024, 1:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 03, 2004Home Sold
$415,000
Jul 09, 2002Home Sold
$315,000
Jul 22, 1998Home Sold
$155,000

Tax History

YEARPROP. TAXASSESSMENT
2020$9,821$522,687
2019$8,649$326,768
2018$7,417$297,062
2017$6,993$270,056

History based on county public records data.

Payment Calculator

$11.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,112

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3514921
3
/10

  • Belvedere Elementary School

  • 3000 Parker Ave

  • 0.84 miles

  • Public District Grades PK-5

school-card-donut-3514922
8
/10

  • Palm Beach Public School

  • 239 Cocoanut Row

  • 1.19 miles

  • Public Magnet Grades KG-5

school-card-donut-3514923
5
/10

  • U. B. Kinsey/Palmview Elementary School

  • 800 11th St

  • 1.80 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $61,376. The majority of West Palm Beach, FL residents have income between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Palm Beach County›West Palm Beach›33401›516 Park Pl

This home is located at 516 Park Pl in West Palm Beach, FL and zip code 33401 in the Flamingo Park neighborhood. This 4,080 square foot home was built in 1925. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $2,350,000.

While more than 17 listings in West Palm Beach, FL in November 2024 were sold above asking price, there were more than 25 listings sold at asking price, and more than 146 were sold below. The inventory of homes for sale in West Palm Beach, FL between October 2024 and November 2024 increased by 11.1%. In November 2024 median list price was $399,465 and the average listing age was 69 days.

From Rocket Homes Real Estate and based on county public records data.

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