Flamingo Park 4-Plex in West Palm Beach

Highlights

• Michelin Star Dining at Your Doorstep: Just a short stroll away is the crown jewel of the area's recent development—Konro. Located on Park Place, this intimate tasting-counter experience recently made headlines by earning a prestigious Michelin Star, putting the neighborhood firmly on the global gastronomic map.
• Culinary & Cultural Hub: Beyond Konro, the area is buzzing with activity. You are walking distance to the Grandview Public Market for casual bites, the Norton Museum of Art for culture, and the boutique shops of The Square (formerly CityPlace).
• Walkability Score: High walkability to local markets, cafes, and the Intracoastal Waterway.
• Convenience: Located less than 10 minutes from Palm Beach International Airport (PBI) and the pristine beaches of Palm Beach Island.

Description

The "Park Place" Renaissance

The true value of this property lies in its location, just moments from the exploding culinary and cultural scene of the Park Place corridor. This specific pocket of the neighborhood has recently transformed into a destination for the elite food scene.

This West Palm Beach 4-plex has been meticuously maintained by the owner, with many improvements and repairs over the last 7 years of their ownership, including but not limited to: brand new floors in 3 units, brand new cabinents in 3 of the units, added a new full kitchen to another unit, foundation repairs and more.

3 of the 4 units are paying below market rents creating an opportunity for an immediate addition of +$15k per year of pre-tax cash flow.

Discover a rare investment or lifestyle opportunity in the heart of the historic Flamingo Park neighborhood. This distinguished 1925 Spanish Mediterranean property offers the perfect blend of Old Florida charm and modern urban walkability. Situated on a tree-lined street known for its architectural character, 518 Biscayne Drive is a prime asset in one of West Palm Beach’s most rapidly appreciating corridors.

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