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Sold for $535,000
    • $535,000

    524 Palmetto Street, West Palm Beach, FL 33405

    4beds
    3baths
    1,632sqft
    Duplex, Multi Family, Multi Family
    Built in 1940
    -- sqft lot
    $586,100 Zestimate®
    $328/sqft
    $2,559 Estimated rent

    Home value

    $586,100

    $527,000 - $656,000

    $2,559/mo

    Zestimate® history
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    $2,559/mo

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    Rent Zestimate®

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    $3,678/mo

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    $3,678/mo

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    What's special

    518 and 524 Palmetto St. Turnkey and income producing property in highly desireable Colonial Estates. This investment opportunity includes 2 separate buildings, both fully rented. The first building is a 2 bedroom, 1 bathroom single family home. The second building is a 2 bedroom, 2 bathroom single family home. This investment offers true flexibilty. It can be used as a long term rental property or the location would make a great short term rental property. For a lower down payment, the owner can occupy one of the buildings and realize huge rewards. There are so many possibilities with this inome producing opportunity. Professionally managed and well maintained since the current owners purchased means very little hassle for the new owner(s). Separate laundry area shared by both units.

    Zillow last checked:

    Listing updated:

    Listed by:

    Joseph J Miranda 954-999-7536,

    Miranda Executive Realty

    Bought with:

    Ludmilla Domond, 3186793

    Final Destination Realty Group

    Ludmilla Domond, 3186793

    Final Destination Realty Group

    Source: BeachesMLS,MLS#: F10462648MLS LogoOriginating MLS: BeachesMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    Heating
    • Heat Pump, Separate Meters
    Cooling
    • Central Air, Ceiling Fan(s)
    Features
    • Flooring: Ceramic Tile, Wood
    Interior area
    • Total interior livable area: 1,632 sqft

    Property

    Features
    • Patio & porch: Porch, Balcony
    • Exterior features: Balcony
    Lot
    • Features: < 1/4 Acre
    Details
    • Parcel number: 74434404040200100
    • Zoning: SF7

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family, Multi Family
    Materials
    • Aluminum Siding, Frame
    • Roof: Composition,Shingle
    Condition
    • Resale
    • New construction: No
    • Year built: 1940

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Subdivision: Colonial Estates
    HOA
    • Has HOA: No
    • Services included: Maintenance Grounds
    Location
    • Region: West Palm Beach

    Financial & listing details

    • Price per square foot: $328/sqft
    • Tax assessed value: $435,717
    • Annual tax amount: $8,445
    • Date on market: 9/21/2024
    • Cumulative days on market: 80 days
    • Listing terms: Cash,Conventional,FHA,VA Loan

    Price history

    DateEventPrice
    1/20/2026Listing removed$1,850$1/sqft
    Source: Zillow Rentals Report a problem
    1/16/2026Listed for rent$1,850-19.6%$1/sqft
    Source: Zillow Rentals Report a problem
    12/30/2024Sold$535,000-2.7%$328/sqft
    Source: BeachesMLS #F10462648 Report a problem
    10/31/2024Listed for sale$550,000$337/sqft
    Source: BeachesMLS #F10462648 Report a problem
    10/31/2024Pending sale$550,000$337/sqft
    Source: BeachesMLS #F10462648 Report a problem
    9/20/2024Listed for sale$550,000+35.8%$337/sqft
    Source: BeachesMLS #F10462648 Report a problem
    9/26/2023Listing removed--
    Source: BeachesMLS #F10397779 Report a problem
    9/6/2023Price change$2,300-2.1%$1/sqft
    Source: BeachesMLS #F10397779 Report a problem
    8/31/2023Price change$2,350+38.2%$1/sqft
    Source: BeachesMLS #F10397779 Report a problem
    8/18/2021Sold$405,000+45.2%$248/sqft
    Source: BeachesMLS #F10285669 Report a problem
    11/29/2020Listed for rent$1,700$1/sqft
    Source: Coral Shores Realty #F10260491 Report a problem
    11/30/2016Sold$279,000$171/sqft
    Source: BeachesMLS #R10254265 Report a problem
    9/14/2016Pending sale$279,000$171/sqft
    Source: Douglas Elliman #RX-10254265 Report a problem
    7/27/2016Listed for sale$279,000+132.5%$171/sqft
    Source: Douglas Elliman #RX-10254265 Report a problem
    7/8/2010Sold$120,000+65.5%$74/sqft
    Source: Public Record Report a problem
    1/22/2010Sold$72,500+3.6%$44/sqft
    Source: Public Record Report a problem
    11/4/2009Price change$70,000+1.4%$43/sqft
    Source: The Pier Group #R3032820 Report a problem
    9/25/2009Price change$69,000-17.9%$42/sqft
    Source: The Pier Group #R3032820 Report a problem
    8/30/2009Price change$84,000-15.2%$51/sqft
    Source: The Pier Group #R3032820 Report a problem
    7/18/2009Listed for sale$99,000-33.6%$61/sqft
    Source: The Pier Group #R3032820 Report a problem
    4/3/2009Listing removed$149,000$91/sqft
    Source: Listhub #2970818 Report a problem
    3/7/2009Price change$149,000-21.2%$91/sqft
    Source: Listhub #2970818 Report a problem
    2/22/2009Price change$189,000-9.6%$116/sqft
    Source: Listhub #2970818 Report a problem
    1/9/2009Price change$209,000-4.6%$128/sqft
    Source: Listhub #2970818 Report a problem
    12/11/2008Listed for sale$219,000+32.7%$134/sqft
    Source: Listhub #2970818 Report a problem
    8/9/2004Sold$165,000$101/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,818 -0.2%$444,245 +13%
    2024$8,837 +4.6%$393,170 +10%
    2023$8,445 +13.9%$357,427 +10%
    2022$7,417 +47.4%$324,934 +57.9%
    2021$5,032 +32.6%$205,849 +8.4%
    2020$3,794 +4.9%$189,831 +5.3%
    2019$3,618 $180,251 +0.9%
    2018$3,618 +6.5%$178,627 +12.4%
    2017$3,397 -12.5%$158,944 +106.3%
    2016$3,882 +132.9%$77,041 +4.8%
    2015$1,667 +9.1%$73,504 +4.7%
    2014$1,528 +9.6%$70,225 +4.9%
    2013$1,394 +6%$66,938 +4.9%
    2012$1,315 -26.3%$63,826 -24.2%
    2011$1,785 -27.1%$84,167 -1.3%
    2010$2,448 -20.8%$85,278 -26.5%
    2009$3,089 -28.1%$116,085 -37.7%
    2008$4,299 -6.8%$186,326 -10.5%
    2007$4,615 $208,197 +35.3%
    2005-- $153,932 +61.9%
    2004$1,071 +414.9%$95,058 +11.3%
    2003$208 -86.1%$85,409 +10.3%
    2002$1,499 +18.8%$77,427 +15.7%
    2000$1,261 +26.4%$66,917 -5.4%
    1999$998 $70,713
    Find assessor info on the county website

    Neighborhood: South Side

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    Estimated market value
    $586,100
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    Estimated market value
    $586,100

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