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Sold for $2,200,000
    • $2,200,000

    516 Park Place, West Palm Beach, FL 33401

    14beds
    14baths
    4,080sqft
    Quadruplex, Multi Family, Multi Family, Single Family Residence
    Built in 1925
    -- sqft lot
    $2,251,700 Zestimate®
    $539/sqft
    $2,969 Estimated rent

    Home value

    $2,251,700

    $2.00M - $2.52M

    $2,969/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Christopher Bernhart Scott 561-694-0058,

    One Sotheby's International Re,

    Megann Lucaj PA 561-702-0106,

    Compass Florida LLC

    Bought with:

    Arron Thomas, 3299876

    Touchstone-Webb Realty Co.

    Source: BeachesMLS,MLS#: R11035230MLS LogoOriginating MLS: BeachesMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 14
    • Bathrooms: 14
    Heating
    • Zoned
    Cooling
    • Central Air
    Features
    • Flooring: Laminate, Tile, Vinyl
    • Windows: Blinds
    Interior area
    • Total structure area: 4,283
    • Total interior livable area: 4,080 sqft

    Property

    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered, Deck, Open, Patio, Porch, Balcony
    • Exterior features: Balcony, Lighting, Outdoor Living Area, Outdoor Shower
    • Pool features: Fiberglass, Pool Equipment
    • Has spa: Yes
    • Spa features: Above Ground, Fiberglass, Heated, In Ground
    • Fencing: Fenced
    • Has view: Yes
    • View description: City, Garden
    • Waterfront features: None
    Lot
    • Features: < 1/4 Acre
    Details
    • Additional structures: Cabana, Outbuilding
    • Parcel number: 74434328060020030
    • Zoning: SF14-C2—HIST. S

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Multi Family, Multi Family, Single Family Residence
    Materials
    • Frame, Hollow Tile, Stucco
    • Roof: Barrel,Flat
    Condition
    • Resale
    • New construction: No
    • Year built: 1925

    Utilities & green energy

    • Electric: 3 Phase
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Natural Gas Available, Sewer Available, Water Available

    Community & HOA

    Community
    • Subdivision: FLAMINGO PARK IN
    HOA
    • Has HOA: No
    • Amenities included: Spa/Hot Tub, Sidewalks
    • Services included: Internet
    Location
    • Region: West Palm Beach

    Financial & listing details

    • Price per square foot: $539/sqft
    • Tax assessed value: $1,031,821
    • Annual tax amount: $21,960
    • Date on market: 11/8/2024
    • Cumulative days on market: 175 days
    • Listing terms: Cash,Conventional
    • Tenant pays: None

    Price history

    DateEventPrice
    6/30/2025Sold$2,200,000-6.4%$539/sqft
    Source: BeachesMLS #R11035230 Report a problem
    11/8/2024Listed for sale$2,350,000+97.5%$576/sqft
    Source: BeachesMLS #RX-11035230 Report a problem
    2/1/2023Sold$1,190,000-11.9%$292/sqft
    Source: BeachesMLS #R10853461 Report a problem
    1/30/2023Pending sale$1,350,000$331/sqft
    Source: BeachesMLS #RX-10853461 Report a problem
    12/21/2022Listed for sale$1,350,000+3.9%$331/sqft
    Source: BeachesMLS #RX-10853461 Report a problem
    10/16/2022Listing removed--
    Source: Douglas Elliman Report a problem
    6/2/2022Listed for sale$1,299,000+75.3%$318/sqft
    Source: BeachesMLS #RX-10801576 Report a problem
    1/12/2022Sold$741,000+23.5%$182/sqft
    Source: MIAMI #A11129475 Report a problem
    12/3/2021Pending sale$599,900$147/sqft
    Source: MIAMI #A11129475 Report a problem
    11/26/2021Listed for sale$599,900+44.6%$147/sqft
    Source: MIAMI #A11129475 Report a problem
    12/29/2020Listing removed$1,345
    Source: Home Property Management II Inc. Report a problem
    12/4/2020Price change$1,345-3.6%
    Source: Home Property Management II Inc. Report a problem
    11/18/2020Price change$1,395-3.5%
    Source: Home Property Management II Inc. Report a problem
    10/1/2020Price change$1,445-6.5%
    Source: Home Property Management II Inc. Report a problem
    9/22/2020Listed for rent$1,545+19.3%
    Source: 624 Home.com #RX-10657202 Report a problem
    8/25/2016Listing removed$1,295+8.4%
    Source: Home Property Management II Inc. Report a problem
    11/17/2015Listing removed$1,195
    Source: Home Property Management II Inc. Report a problem
    11/13/2015Listed for rent$1,195
    Source: Home Property Management II Inc. Report a problem
    3/3/2004Sold$415,000+31.7%$102/sqft
    Source: Public Record Report a problem
    7/9/2002Sold$315,000+103.2%$77/sqft
    Source: Public Record Report a problem
    7/22/1998Sold$155,000$38/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$21,953 0%$1,031,821 -0.1%
    2024$21,960 -5.2%$1,033,175 -4.7%
    2023$23,157 +98.1%$1,084,634 +149.4%
    2022$11,690 +11.6%$434,929 +10%
    2021$10,474 +6.6%$395,390 +10%
    2020$9,821 +13.6%$359,445 +10%
    2019$8,645 $326,768 -8.6%
    2018$8,645 +16.6%$357,573 +0.8%
    2017$7,417 +6.1%$354,901 +44.6%
    2016$6,993 +6.9%$245,505 +10%
    2015$6,542 +10.3%$223,186 +10%
    2014$5,931 +33%$202,896 +21%
    2012$4,458 -24.9%$167,683 -26.7%
    2011$5,939 -2.3%$228,879 -1.1%
    2010$6,082 -13.4%$231,449 -17.9%
    2009$7,019 -17.9%$281,812 -26.4%
    2008$8,545 -11.1%$383,075 -14%
    2007$9,609 -8.1%$445,561
    2006$10,457 $445,561 +26.6%
    2005-- $351,903 +64.2%
    2004$3,277 +1445.6%$214,328 +25.2%
    2003$212 -93.6%$171,184 +39.2%
    2000$3,304 +30.4%$122,971 +20.9%
    1999$2,534 $101,723
    Find assessor info on the county website

    Neighborhood: Flamingo Park

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    Estimated market value
    $2,251,700
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    Estimated market value
    $2,251,700

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