Tour
$10,000 Closing Credit¹
#RX-11086333, Lola Torocsik, Listing Office: The Keyes Company
#RX-11035230·
Listing office: Compass Florida LLC (PB)·
Listing agent: Christopher Bernhart Scott·
Listing agent phone: (203) 219-4193·
Listing office phone: (305) 851-2820
$2,350,000 List price
516 Park Pl West Palm Beach, FL 33401
$10,000
Closing credit¹
4,080 sqft
$576 / sqft
Multi-Family
Property details
About 516 Park Pl
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.
Highlights
Home typeQuadruplex
HeatingZoned
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
CoolingCentral Air
Size4,080 sqft
Year built1925
MLS #RX-11035230
ViewCity, Garden
Virtual tour
Summary
- Flooring Type: Laminate, Tile, Vinyl Floor
- Private Pool: No
- Waterfront: None
- View: City, Garden
- Exterior: Cabana, Covered Balcony, Covered Patio, Custom Lighting, Deck, Extra Building, Fence, Open Balcony, Open Patio, Open Porch, Outdoor Shower
- Heating: Zoned
- Cooling: Central Air
- List Price: $2,350,000
- Price/SqFt: $575
- HOA Amount: $0 Monthly
- Annual Tax Amount: $23,157
- Tax Year: 2023
- Year Built: 1925
- Stories: 2
- Living Area: 4,080 SqFt
- MLS Number: RX-11035230
- Office Name: Compass Florida LLC (PB)
- Office Phone: (305) 851-2820
- Listing Agent: Christopher Bernhart Scott
- Agent Phone: (203) 219-4193
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2025 BeachesMLS, Inc.
This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/31/2025, 8:20:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,350,000
516 Park Pl
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 02, 2023 | Home Sold | $1,190,000 |
| Feb 02, 2022 | Home Sold | $741,000 |
| Mar 03, 2004 | Home Sold | $415,000 |
| Jul 09, 2002 | Home Sold | $315,000 |
| Jul 22, 1998 | Home Sold | $155,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $1,084,634 | $23,157 |
| 2022 | $699,142 | $11,690 |
| 2021 | $554,264 | $11,690 |
| 2020 | $522,687 | $10,474 |
History based on county public records data.
Nearby schools
4
Belvedere Elementary School
Public District PK-5
0.8 mi
•3000 Parker Ave
8
Palm Beach Public School
Public Magnet KG-5
1.2 mi
•239 Cocoanut Row
4
U. B. Kinsey/Palmview Elementary School
Public Magnet PK-5
1.8 mi
•800 11th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $61,376. The majority of West Palm Beach, FL residents have income between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
34%
<35k
35%
35k-100k
17%
100k-200k
14%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
62%
Single, No Kids
7%
Single, with Kids
20%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
4%
12-17 yrs old
24%
18-34 yrs old
50%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Tennis
Pro Boxing
Live Theatre
Where do the neighbors shop?
Crate & Barrel
IKEA
Bloomingdales
Where do the neighbors go to eat?
Starbucks
Quiznos
Boston Market
What do the neighbors drive?
BMW
Lexus
Mercedes
What do the neighbors listen to?
News
Soft Adult Contemporary- Alternative
All data provided by Home Junction and Claritas
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This home is located at 516 Park Pl in West Palm Beach, FL and zip code 33401 in the Flamingo Park neighborhood. This 4,080 square foot home was built in 1925. Features: 0 bathroom. It has been listed on Rocket Homes since November 8, 2024 and is currently priced at $2,350,000.
West Palm Beach, FL housing market in April 2025 saw over 27 listings sold above listed price, more than 48 sold at listed price and over 208 sold below. In April 2025 in West Palm Beach, FL there were 7.6% more homes for sale than in March. In April 2025 median list price was $405,489 and the average listing age was 76 days.
From Rocket Homes Real Estate and based on county public records data.