705 Colonial Road
About This Property
1920's Spanish 2 Bd/2 Bath Home with Private Pool & Patio PLUS Primary En Suite with 2 Closet and Large Eat-In Kitchen.
Beautiful Hard Wood Floors, 2 Zone A/C System, Heated Pool with Heat Pump.
Only 8 Blocks to ''The Park West Palm'' West Palm Beach's $55 Million Dollar Premier Golf Destination Signature Gil Hansen Signature Designed Course and Family Friendly Palmetto Park located at Colonial Rd and Parker Ave.
Convenient to Dreher Park and Palm Beach Zoo, S Flagler Dr and Intracoastal, Palm Beach Island and All that Downtown West Palm Beach has to Offer! ''SoSo'' Area of West Palm Beach is also loaded with Shopping, Restaurants and Bakeries Including the New Joseph's Classic Market on S Dixie Hw
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 20, 2026 | Sold | ||
| Sold | |||
| Feb 19, 2026 | In contract | - | |
| In contract | |||
| Jan 29, 2026 | Listed by Hampton Real Estate Group | $775,000 | |
| Listed by Hampton Real Estate Group | |||
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A Boutique Oasis in the Heart of West Palm Beach. Fully renovated from top to bottom, this distinctive West Palm Beach residence offers a rare blend of boutique-style charm, artistic design, and resort-inspired living in a highly walkable location. Currently operating as a very successful Airbnb and on other short-term rental platforms as''The Lili Pad'' offers strong income potential while remaining move-in ready. The property features a private pool and lush, fully fenced backyard, creating a tranquil outdoor retreat ideal for relaxing, entertaining, or enjoying the Florida sunshine. Inside, curated artistic interiors and vintage-inspired elements add warmth and character throughout. The living room is highlighted by a striking lily pad mural, while a bright Florida room/sunroom provides flexible space for a home office, sitting area, or creative studio. An open dining area with built-in seating and abundant natural light flows seamlessly into a fully renovated modern kitchen, offering both style and functionality. A converted open-air lounge enhances the indoor-outdoor living experience, perfect for entertaining or everyday enjoyment. Additional features include spa-inspired bathrooms, in-unit washer and dryer, and excellent indoor-outdoor flow. Ideally located near Clematis Street, Rosemary Square (CityPlace), the Norton Museum of Art, Palm Beach Zoo, Peanut Island, and more, this home presents a rare opportunity to purchase a fully renovated, character-rich property with both lifestyle appeal and income potential in one of South Florida's most vibrant coastal cities.
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| Mar 29, 2024 | Sold | ||
| Sold | |||
| Jan 8, 2024 | Listed by Coldwell Banker Realty | $539,000 | |
| Listed by Coldwell Banker Realty | |||
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About Hillside Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017