Sold

516 Park Place, West Palm Beach, FL 33401

$2,350,000
4,080
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.

Basic Details
Listing Type : Sold
Price : $2,350,000
View : Garden, Water
Square Footage : 4,080
Features
: Central Air
: Balcony, Patio, Porch, Open, Deck
Public Sewer
Blinds
Zoned
Laminate, Tile, Vinyl
Fiberglass,None,Pool Equipment
Barrel, Flat, Tile
Location
US
FL
Palm Beach
West Palm Beach
33401
5430
516 Park Place, West Palm Beach, Florida 33401
Extended Details
Balcony, Deck, Fence, Porch, Patio
Virtual Tour URL
FLAMINGO PARK IN
06.30.2025
Frame
Cash, Conventional
Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available
< 1/4 Acre
06.30.2025
2200000
< 1/4 Acre
4
SF14-C2-
2023
Closing & Funding,Close Of Escrow
$0
Compass Florida LLC
Chris Scott
Monthly
4283
276539686
276611618
Non-Gated
Two
< 1/4 Acre
Closed
2024-11-07
2025-06-30T00:00:00Z
2
21960.0
https://vimeo.com/1072978840?share=copy#t=0
Public
Megann Lucaj PA
Compass Florida LLC
FTL
Property Type
StatusClosed
Listing IDR11035230
Year Built1925
Mortgage Calculator
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