80
Map
$1,950,000
●
House -
For Sale
328 Monroe Drive
West Palm Beach, FL 33405
4 Beds
3 Baths
3,088 Ft²
$10,312
Est. Monthly
About This Property
Welcome to 328 Monroe Dr! This home is an opportunity to own a
sensational Mediterranean Revival home with Colonial Revival
influences in Southland Park within West Palm Beach. It is ideally
located within West Palm Beach and adjacent to Antique Row. This
unique home offers unbeatable access to downtown West Palm Beach,
SoSo, the island of Palm Beach, Worth Avenue, Palm Beach
International Airport and I-95. Zoned for Palm Beach Public School
and Multi-Family. This property also offers a prime opportunity for
renovation supporting upside potential, allowing a new owner to
update and customize to their taste while increasing overall value.
The main house offers three bedrooms and three full bathrooms, with
a formal dining room, formal living room and plentiful
entertaining/living space on the first floor. The second floor
primary retreat features a walk in closet/ dressing room and
sitting room with expansive windows offering an abundance of
natural light. New 2022 roofs and partial impact windows and
partial window shutters offer peace of mind without sacrificing
original architectural details. The larger than standard guest
house is equipped with a full kitchen, living room, bedroom,
bathroom and walk in closet.
Unit Size
3,088 Ft²
Days on Market
19 days
Land Size
0.15 acres
Price per sqft
$631
Property Type
House
Property Taxes
$737
HOA Dues
-
Year Built
1927
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 9 days ago (Beaches MLS #B26076791)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2026 | Listed by Sotheby's Intl. Realty, Inc. | $1,950,000 | |
| Listed by Sotheby's Intl. Realty, Inc. | |||
| Jun 12, 2026 | Price Decreased |
$1,950,000
↓ $245K
(11.2%) | |
| Price Decreased | |||
| Mar 18, 2026 | Listed by Sotheby's Intl. Realty, Inc. | $2,195,000 | |
| Listed by Sotheby's Intl. Realty, Inc. | |||
   | |||
|
Welcome to 328 Monroe Dr! This home is an opportunity to own a sensational Mediterranean Revival home with Colonial Revival influences in Southland Park in West Palm Beach. It is ideally located within West Palm Beach and adjacent to Antique Row. This unique home offers unbeatable access to downtown West Palm Beach, SoSo, the island of Palm Beach, Worth Avenue, Palm Beach International Airport and I-95. This property also offers a prime opportunity for renovation supporting upside potential, allowing a new owner to update and customize to their taste while increasing overall value. The main house offers three bedrooms and three full bathrooms, with a formal dining room, formal living room and plentiful entertaining/living space on the first floor. The second floor primary retreat features a walk in closet/ dressing room and sitting room with expansive windows offering an abundance of natural light. New 2022 roofs and partial impact windows and partial window shutters offer peace of mind without sacrificing original architectural details. The larger than standard guest house is equipped with a full kitchen, living room, bedroom, bathroom and walk in closet.
| |||
| Aug 1, 2012 | Sold | ||
| Sold | |||
| Feb 13, 2012 | Listed by Sotheby's Intl. Realty, Inc. | $259,900 | |
| Listed by Sotheby's Intl. Realty, Inc. | |||
Property Highlights
Garage
Parking Available
Air Conditioning
Parking Details
Has Carport
Has Open Parking
Parking Features: Attached Carport, Covered, Carport, Guest, Open, Shared Driveway
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Entrance Foyer, DiningArea, SeparateFormalDiningRoom, DualSinks, TubShower
Appliances: Cooktop, Dishwasher, Gas Cooktop, Microwave, Refrigerator, Washer
Flooring Type: Tile, Wood
Laundry Features: Laundry Closet, In Hall, Upper Level
Rooms: 10
Exterior Details
Square Footage: 3088
Square Footage Source: $0
Property Condition: Resale
Architectural Style: Colonial, Mediterranean
Year Built: 1925
Building Area Total: 3088
Levels: Two
Other Structures: Guest House
Window Features: Wood Frames, SingleHung
Construction Materials: Stucco, WoodFrame
Patio and Porch Features: Patio
Pool Features: Other
Pool is Private
Lot Features: LessThanQuarterAcre
Lot Size Area: 6534
Lot Size Units: Square Feet
Lot Size Acres: 0.15
Lot Size Square Feet: 6534
Lot Size Dimensions: 133X50
Water Source: Public
Financial Details
Tax Annual Amount: $8,844
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Southland Park
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Listed by: Rachel Tessoff
Sotheby's Intl. Realty, Inc.
Last Updated: 9 days ago
Data Source: Beaches MLS, MLS# B26076791
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.
Sotheby's Intl. Realty, Inc.
Last Updated: 9 days ago
Data Source: Beaches MLS, MLS# B26076791
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