816 Park Place
About This Property
Perfectly located steps from a large park, restaurants, and shops, you will enjoy the vibrant energy of Downtown West Palm Beach! The property is conveniently located just half a mile from the intracoastal and approximately 2 mile from the beach, allowing for easy access to the coastal lifestyle.
The information published and provided including but not limited to prices, measurements, square footages, lot sizes, features, finishes, and calculations are subject to errors, omissions or changes without notice. All such information should be independently verified. All parties should perform their own due diligence to verify all information.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 20, 2024 | Sold | ||
| Sold | |||
| Dec 7, 2023 | Listed by The Corcoran Group | $1,445,000 | |
| Listed by The Corcoran Group | |||
| Jan 30, 2023 | Sold | ||
| Sold | |||
| Jun 22, 2022 | Listed by Acquire Palm Beach LLC | $875,000 | |
| Listed by Acquire Palm Beach LLC | |||
| | |||
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Redevelopment opportunity!
This property features an oversized lot 75' x 125' with the ability to add a total of 3,750 sq/ft. 1000 sq/ft that total could include a detached cottage/garage which could be used a mother-in-law or a short-term rental.
Build your dream home perfectly located across from the Armory Art Center and Howard Park and a short walk to the Grandview Public Market. Minutes from Downtown West Palm Beach, the PB Intl Airport, the Norton Museum, and the many shops and restaurants on South Dixie Hwy and of course the island of Palm Beach with luxurious landscaping, opulent mansions, The Breakers & Worth Ave., and of course the Atlantic Ocean.
Palm Beach Public School District!
| |||
| Apr 22, 2022 | Listed by The Corcoran Group | $875,000 | |
| Listed by The Corcoran Group | |||
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About Flamingo Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017