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Sold for $1,150,000
    • $1,150,000

    712 Palmetto Street, West Palm Beach, FL 33405

    7beds
    4baths
    2,972sqft
    Triplex, Multi Family, Multi Family
    Built in 1928
    -- sqft lot
    $1,301,600 Zestimate®
    $387/sqft
    $1,981 Estimated rent

    Home value

    $1,301,600

    $1.18M - $1.44M

    $1,981/mo

    Zestimate® history
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    $7,816/mo

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    $7,816/mo

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    What's special

    Incredible investment opportunity!! This extremely profitable short term rental in West Palm Beach sets itself apart from the competition. Sitting on a double corner lot, this estate features a main house with two guest houses for a total of 7 bedrooms and 4 full bathrooms. This turnkey property is ready to be rented out immediately and includes over $50,000 in guaranteed 2024 rental income to start you off! Incredible mature foliage surrounds the property including a 3 story mango tree and beautiful fountain to create a one of a kind romantic setting. Additional features include a large heated pool and separate hot tub, outdoor dining area and a separate utility room. The entire estate has just been redesigned with brand new furniture and decor. All is included in the sale. Both interior and exterior are freshly painted. Perfectly located just minutes from PBI airport, downtown West Palm Beach and the world famous Palm Beach Island. Rent the property out as one to host large parties, divide into three rentals for multiple income streams or elevate this unique property to include small events etc. With a limited amount of short term rentals this size, the possibilities are endless. Financials and accounting details are available upon request.

    Zillow last checked:

    Listing updated:

    Listed by:

    Naomi Freeman 561-601-2617,

    United Realty Group, Inc

    Bought with:

    Nicholas C Rosati, 3552796

    Florida Management & Investments LLC

    Source: BeachesMLS,MLS#: R10957466MLS LogoOriginating MLS: BeachesMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    Heating
    • Central
    Cooling
    • Central Air, Ceiling Fan(s), Wall/Window Unit(s)
    Appliances
    • Laundry: Washer Hookup, Dryer Hookup, Outside
    Features
    • Flooring: Ceramic Tile, Terrazzo, Tile, Wood
    • Windows: Blinds
    Interior area
    • Total structure area: 3,171
    • Total interior livable area: 2,972 sqft

    Property

    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck, Patio
    • Exterior features: Outdoor Living Area
    • Has private pool: Yes
    • Pool features: Free Form, Heated, In Ground, Other, Pool Equipment
    • Has spa: Yes
    • Spa features: Above Ground
    • Fencing: Fenced
    • Has view: Yes
    • View description: Garden
    • Waterfront features: None
    Lot
    • Size: 0.25 Acres
    • Features: Fruit Trees
    Details
    • Additional structures: Cabana, Outbuilding
    • Parcel number: 74434409040000440
    • Zoning: SF7 (city)/SING
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex, Multi Family, Multi Family
    Materials
    • Concrete, Stucco
    • Roof: Mixed,Tar/Gravel
    Condition
    • Resale
    • New construction: No
    • Year built: 1928

    Utilities & green energy

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

    Community & HOA

    Community
    • Subdivision: HILLSIDE PARK
    HOA
    • Has HOA: No
    • Amenities included: None
    Location
    • Region: West Palm Beach

    Financial & listing details

    • Price per square foot: $387/sqft
    • Tax assessed value: $961,126
    • Annual tax amount: $19,403
    • Date on market: 4/15/2024
    • Cumulative days on market: 184 days
    • Listing terms: Cash,Conventional
    • Tenant pays: None

    Price history

    DateEventPrice
    9/10/2024Sold$1,150,000-11.5%$387/sqft
    Source: BeachesMLS #R10957466 Report a problem
    2/9/2024Listed for sale$1,299,000+18.1%$437/sqft
    Source: BeachesMLS #RX-10957466 Report a problem
    2/25/2022Sold$1,100,000+11.7%$370/sqft
    Source: BeachesMLS #R10762200 Report a problem
    1/14/2022Pending sale$985,000$331/sqft
    Source: BeachesMLS #RX-10762200 Report a problem
    12/2/2021Listed for sale$985,000+15.9%$331/sqft
    Source: BeachesMLS #RX-10762200 Report a problem
    11/4/2020Listing removed$850,000$286/sqft
    Source: Palm Beach Brokers Group, Inc #RX-10643195 Report a problem
    10/23/2020Price change$850,000-32.1%$286/sqft
    Source: Palm Beach Brokers Group, Inc #RX-10643195 Report a problem
    7/31/2020Listed for sale$1,251,000+293.4%$421/sqft
    Source: Palm Beach Brokers Group, Inc #RX-10643195 Report a problem
    12/8/2014Listing removed$3,800$1/sqft
    Source: BWG Realty #RX-10073345 Report a problem
    11/16/2014Listed for rent$3,800$1/sqft
    Source: BWG Realty #RX-10073345 Report a problem
    1/25/2013Sold$318,000$107/sqft
    Source: BeachesMLS #R3291511 Report a problem
    10/25/2012Sold$318,000-9.1%$107/sqft
    Source: Public Record Report a problem
    6/28/2012Listed for sale$349,900-24.7%$118/sqft
    Source: Corcoran Group Palm Beach #R3291511 Report a problem
    5/11/2009Listing removed$464,500$156/sqft
    Source: iHOUSEWeb Solutions, Inc #R2931750 Report a problem
    10/15/2008Listed for sale$464,500+206.6%$156/sqft
    Source: NCI Report a problem
    6/13/2007Sold$151,500-61.2%$51/sqft
    Source: Public Record Report a problem
    1/28/2005Sold$390,000+81.4%$131/sqft
    Source: Public Record Report a problem
    5/9/2002Sold$215,000$72/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$20,170 +4.2%$961,126 +4.2%
    2024$19,366 -0.2%$922,361 +0.5%
    2023$19,403 +48.8%$917,961 +54.1%
    2022$13,044 +191.5%$595,842 +163.5%
    2021$4,475 +0.7%$226,092 +1.4%
    2020$4,443 +1.5%$222,970 +2.3%
    2019$4,376 $217,957 +1.9%
    2018$4,376 +7.2%$213,893 +2.1%
    2017$4,083 +2.3%$209,494 +2.1%
    2016$3,990 +0.4%$205,185 +0.7%
    2015$3,974 -2%$203,759 +0.8%
    2014$4,055 +84.3%$202,142 +66.8%
    2012$2,200 -27.3%$121,220 -21.8%
    2011$3,025 -3.4%$155,008 -1.9%
    2010$3,131 -24.3%$158,059 -22.9%
    2009$4,137 -39.6%$205,125 -40.1%
    2007$6,850 -6.1%$342,635 +10.3%
    2006$7,293 $310,535 +33.5%
    2005-- $232,637 +47.4%
    2004$2,030 +1193%$157,781 +1.9%
    2003$157 -91.9%$154,839 +58.8%
    2002$1,943 +0.2%$97,535 +1.6%
    2001$1,938 +3.6%$95,999 +3%
    2000$1,871 +14.2%$93,203 -4.1%
    1999$1,638 $97,238
    Find assessor info on the county website

    Neighborhood: Parker Ridge

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    Estimated market value
    $1,301,600
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    Estimated market value
    $1,301,600

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