When was property at 248 Park Avenue built and last sold?

The property at 248 Park Avenue was built in 1927 and last sold on Apr 10, 2023 for $3,200,000.

How much is this home worth?

The estimated value of the home located at 248 Park Avenue is $4,176,863.

What are some comparable homes to 248 Park Avenue?

There are currently no comparable homes to 248 Park Avenue.

Palm Beach

33480

Bungalow Park

248 Park Avenue

Sold on Jan 9, 2026

Map

$3,850,000

● House - Off Market

248 Park Avenue

Palm Beach, FL 33480

3 Beds

2 Baths

1,728 Ft²

$24,275

Est. Monthly

About This Property

Charming Palm Beach Island cottage with gorgeous Dade County Pine floors and remarkable volume throughout. This 3-bedroom, 2-bathroom home has been extensively renovated while maintaining many original elements that create the distinct Palm Beach Island vibe. Highlighted features include: an enclosed Florida sunroom front porch, hardwood floors, new impact windows, new bathrooms, new kitchen and appliances, new roof with multiple sky- lights, A/C systems, updated electrical, Tesla-charger, back-yard/patio with manicured landscape, and more. A perfect location too - Restaurants, boutiques, markets, beach and the lake trail just a few blocks away.

Unit Size

1,728 Ft²

Days on Market

56 days

Land Size

0.08 acres

Price per sqft

$2,402

Property Type

House

Property Taxes

$3,898

HOA Dues

Year Built

1927

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Last updated: 3 months ago (Beaches MLS #R11140854)

Price History

Date / Event	Date	Event
Jan 9, 2026	Sold	Premium
Sold
Jan 4, 2026	In contract	-
In contract
Nov 14, 2025	Listed by Sotheby's Intl. Realty, Inc.	$4,150,000
Listed by Sotheby's Intl. Realty, Inc.
Apr 12, 2023	Sold	Premium
Sold
Dec 27, 2022	Listed by Sotheby's Intl. Realty, Inc.	$3,950,000
Listed by Sotheby's Intl. Realty, Inc.
Nov 4, 2022	No longer available	-
No longer available
Oct 20, 2022	Price Decreased	$3,950,000 ↓ $200K (4.8%)
Price Decreased
Apr 6, 2022	Price Decreased	$4,150,000 ↓ $350K (7.8%)
Price Decreased
Mar 8, 2022	Listed by Compass Florida, LLC (PB)	$4,500,000
Listed by Compass Florida, LLC (PB)

	Newly priced! Now the best value on the Island. This 2 story home offers 4 bedrooms, 2 bathrooms, an expansive covered front porch, double height living room ceilings, and rich character. This charming beach house on Park Avenue has direct lake trail access and is just a short walk to the beach, dining and shopping. Great house for guest overflow, an investment property or a full-time beach bungalow. Lots of options and easy to show! The manager has listed the unit size as 1728 square feet.
Feb 15, 2022	Sold	Premium
Sold
Jan 24, 2022	Listed by Sotheby's Intl. Realty, Inc.	$3,200,000
Listed by Sotheby's Intl. Realty, Inc.

Property Highlights

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1927

Effective Year Built: 2015
Building Count: 1
Bedroom Count: 4
Bathroom Count: 2
Full Bathrooms: 2
Partial Bathrooms: 2
Building Condition: 6
Building Quality: 10
Construction Type: 17
Building Style: 0
Exterior Walls Type: 12
Interior Walls Type: 6
Roof Shape Type: 7
Roof Cover Type: 15
Floor Count: 200
Living Units: 1
Floor Cover: 15
Basement Type: 0
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 14
Porch Type: 4
Pool Type: 0

Dimensions

Lot Size Square Feet: 3,498

Lot Size Depth Feet: 700
Lot Size Frontage Feet: 500
Total Building Area: 1,948
Gross Building Area: 1,948
Building Area: 1,728
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 4

Heating: 14
Heated Square Feet: 1,728
Heating Fuel Type: 5

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: BUNGALOW PARK ADD
Land Acres: 0000000080
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: BUNGALOW PARK ADD LT 41

Neighborhood

School District Name: Palm Beach County School District

Census Tract: 003512

Zoning

Zoning: R-C

Geography

Assessors Map Reference: 131

Parcel: 50-43-43-15-08-000-0410
Lot: 41
Meridian: SEC 15 TWN 43S RNG 43E
Municipality: PALM BEACH
Latitude: 26.7208
Longitude: -80.0399

Address

Full Address: 248 Park Ave

Address - House Number: 248
Address - Street Name: Park
Address - Suffix Type: Ave
State: FL
City Name: Palm Beach
Carrier Code: C067
4-Digit Zip Code: 3809
Zip Code: 33480

Valuation

Tax

Total Area: 1,788

Tax Year: 2023
Tax Amount: $4,602,335
Initial Tax Delinquent Year: 2020
Tax Rate Code Area: 50411

Appraisal Valuation

Standard Deviation: 0.1734

Valuation Date: Apr 03, 2024
Confidence Score: 77
Final Value: 4,094,856
High Value: 4,805,216
Low Value: 3,384,495

Market Valuation

Market Total Value: $3,007,810

Market Land Value: $2,200,000
Market Improvement Value: $807,810

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $3,007,810

Sales

Current Sale Contract Date: Apr 10, 2023

Current Sale Recording Date: Apr 12, 2023
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 120102
Previous Sale Recording Date: Feb 15, 2022
Previous Sale Contract Date: Feb 08, 2022
Previous Sale Amount: $3,200,000
Previous Sale Document Type: 71

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Bungalow Park

Stats & Trends

Median Asking:

$4,150,000

Sale Price/ft²

$2,402

Above Asking

0.00%

Average Days on Market

Average Home Size

2340 ft²

Average Home Age

39 years

Currently For Sale

1 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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$6,000 /mo

1 Bed
1 Bath
959 ft²

701 S Olive Avenue #119, West Palm Beach, FL, 33401 Listing by Christopher Cronican

Unit for rent at 184 Sunset Avenue, Palm Beach, FL, 33480

$5,950 /mo

1 Bed
1 Bath
600 ft²

184 Sunset Avenue #303, Palm Beach, FL, 33480 Listing by Nicholas Sliva

Unit for rent at 724 Park Place, West Palm Beach, FL, 33401

$8,250 /mo

4 Beds
3 Baths
3,258 ft²

724 Park Place, West Palm Beach, FL, 33401 Listing by Marisa L DiLenge

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Patricia Harriet Mahaney
Sotheby's Intl. Realty, Inc.
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# R11140854

All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.