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.
Sold for $2,200,000 on 06/30/25
$2,200,000
516 Park Place, West Palm Beach, FL 33401
7beds
4,080sqft
Multi Family
Built in 1925
-- sqft lot
$2,183,200 Zestimate®
$539/sqft
$7,490 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: September 18, 2025 at 05:00am
Listed by:
Christopher Bernhart Scott 203-219-4193,
Compass Florida LLC,
Megann Lucaj PA 561-702-0106,
Compass Florida LLC
Bought with:
Arron Thomas
Touchstone-Webb Realty Co.
Source: BeachesMLS,MLS#: RX-11035230
Originating MLS: Beaches MLS
Originating MLS: Beaches MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 7
- Full bathrooms: 6
- 1/2 bathrooms: 1
Heating
- Zoned
Cooling
- Central Individual, A/C Unit
Appliances
- Included: Dishwasher, Disposal, Microwave, Gas Range, Refrigerator, Range - Gas, Dryer, Washer
- Laundry: Common Area, In Unit, Laundry, W/D Hookup
Features
- Built-in Features, Den/Family, Entrance Foyer, Kitchen, Pantry, Separate Dining, Split Bedrooms, Foyer, Utility, Built-in Shelves, Walk-in Closets
- Flooring: Laminate, Tile, Vinyl
- Windows: Blinds, Unit 1 (Window Treatments), Unit 2 (Window Treatments), Unit 3 (Window Treatments), Unit 4 (Window Treatments), Complete Impact Glass
Interior area
- Total structure area: 4,283
- Total interior livable area: 4,080 sqft
Property
Parking
- Parking features: Open, Space Parking, Open Parking
- Has uncovered spaces: Yes
Features
- Stories: 2
- Patio & porch: Covered Patio, Deck, Open Patio, Open Porch, Patio
- Exterior features: Covered Balcony, Custom Lighting, Open Balcony, Outdoor Shower
- Pool features: Equipment Included, Fiberglass, Pool/Spa Combo
- Spa features: Bath
- Fencing: Fenced
- Has view: Yes
- View description: City, Garden
- Waterfront features: None
Lot
- Features: < 1/4 Acre
Details
- Additional structures: Cabana, Extra Building
- Parcel number: 74434328060020030
- Zoning: SF14-C2--HIST. S
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame, Hollow Tile, Stucco
- Roof: Barrel,Flat Tile
Condition
- Resale
- New construction: No
- Year built: 1925
Utilities & green energy
- Electric: Electric Meter, Separate Electrical Meters
- Gas: Gas Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Water Available
Community & neighborhood
Community
- Community features: Internet Included, Sidewalks, Whirlpool
Location
- Region: West Palm Beach
- Subdivision: Flamingo Park In
Other
Other facts
- Listing terms: Cash,Conventional
Services availability
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Estimated market value
$2,183,200