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$2,350,000

Beds
Unknown
sq ft
4,080

516 Park Pl, West Palm Beach, FL 33401

516 Park Pl

West Palm Beach, FL 33401

  • 45 days on market
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.

Details

Property type

Est. home value

$1,304,915

Lot size

Unknown

Price per sq ft

$576

Year built

1925

Annual property taxes

$21,960

Price History

11/07/2024
Beaches

Beaches #R11035230

Listed
$2,350,000
+97.48%
02/01/2023
Beaches

Beaches #R10853461

Sold
$1,190,000
+60.59%
01/12/2022
SEF

SEF #A11129475

Sold
$741,000

Schools & Community

Neighborhood: 

Flamingo Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Archwest Funding Llc

Loan start date

June 2023

Original loan amount

$1,885,000

Est. remaining balance

Not provided

Interest rate

6.39%

Loan type

Building or Construction Loan, 30 year

Seller

Hacienda Raven Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 9:30 AM

Listing updated: 12/10/2024 at 12:58 PM

Listed by: Chris Scott, Compass Florida LLC (PB) Phone #: (305) 851-2820

MLS: Beaches #R11035230

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