1608 Lake Avenue

    West Palm Beach, FL 33401
    • $2,495,000
    • STATUS: Active
    • ON SITE: 85 days
    • MLS #: RX-10561269
    UPDATED: 42 min ago
    $2,495,000
    • 0
      BEDS
    • 0.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,784
      SQFT
    • $321
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Once in a lifetime opportunity to own a historic, thriving and fully booked Bed and Breakfast in the heart of Palm Beach! The Grandview Gardens Bed & Breakfast is a renowned, profitable B&B with a shining reputation locally, nationally, and internationally. This historic property comes with a loyal client base, 100+ 5-star reviews across a multitude of third party hotel booking syndicates, and over 400 positive reviews on TripAdvisor. Enjoy full-capacity occupancy during high season, and 86% occupancy during off season. Property can also be purchased as a single family residence. [Click to continue reading]IMAGINE owning a historic Palm Beach estate, so charming, unique and rich with history that visitors have described it as ''the Secret Garden of the Palm Beaches'' and ''Enchanting from the moment you step foot on the property''. This property exists and it is FOR SALE! Introducing: THE GRANDVIEW ESTATE of PALM BEACH. Situated on a sweeping corner lot in the highly sought after and historic neighborhood of Grandview Heights lie this unique residence property. A once-in-a-lifetime real estate experience and opportunity in one of the most prime locations in South Florida! THE MAIN RESIDENCE ("Grandview Gardens B & B"): Nestled back in a tropical garden setting on a beautiful tree lined street, this historically landmarked 1925 Mediterranean Revival has been carefully restored and transformed into one of the Palm Beach area's most unique, intimate resort/residences. The property boasts 8 bedrooms with en-suite bathrooms, a large gathering room, commercial grade kitchen, an office, and the perfect configuration for entertaining your guests -- paid guests or visitors. The sprawling compound encompasses the entire end of a city block (4 full size lots) and is partly operated as Grandview Gardens Bed & Breakfast, one of the leading bed & breakfast resorts in Florida as featured by the New York Times, Washington Post and numerous national and international publications. The B & B guest rooms all have outside private entrances and the separate 800 sq ft innkeeper apartment offers privacy for all. Lush, tropical gardens and a quaint winding path leads guests to the romantic picturesque entrance of the Bed & Breakfast. Upon entering the estate be prepared to be swept away by the vaulted foyer/living room exuding historical charm through the pecky cypress finishes and the focal coral stone fireplace. The formal dining space and breakfast loggia showcase the continuation of Spanish Mediterranean influences throughout the home. The wood and teracotta floors and arched doorways flowing throughout the estate are some examples of the periodic architectural details prevalent in the home. The owners' residence at Grandview Gardens offers 3 bedrooms, office and owners' apartment including a breakfast area and kitchen. Stepping out onto the pool deck one is surrounded by gorgeous bougainvillea adorning the walls of 6 apartments. Each guest room is uniquely appointed with beautiful flare and are all ensuite. The resort has many return visitors seeking the tranquility, beauty, and ambiance of The Grandview Estate, ensuring rooms are full year after year. There are laundry facilities and a two car garage with plenty of parking on the quiet street. The lush backyard offers the ultimate relaxation for homeowner and guests alike. The outdoor space is surrounded by large tropical gardens. After dipping in the refreshing pool guests can rinse off in the outdoor showers. Supremely unique, this property offers a gorgeously appointed home residence with rental apartments around the property. Whether a residence or a rental property; or both; you can rest assured the net incomes are very strong and net cash positive year round. Located along Howard Park in Grandview Heights, one of West Palm Beach's most desirable downtown neighborhoods with easy access (5-10 min) to Palm Beach and the beaches. Walking distance to the main attractions of downtown West Palm Beach, including City Place, Himmel Theater, Kravis Center for the Performing Arts, The Norton Museum of Art, and an abundance of excellent cuisine!. As an option, buyers can also add the property at 734 Palm Street next door for 3 more additional bedrooms for $455,000. Listed separately but can be part of total B&B.

    Monthly Payment Calculator


    © 2019 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2019 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-12-10T08:02:36.573.
    www.ewm.com/homes/98979161

    1608 Lake Avenue West Palm Beach, FL 33401

    • Price: $2,495,000
    • Status: Active
    • Updated: 42 min ago
    • MLS #: RX-10561269
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.5
    Acres
    7,784
    SQFT
    $321
    $/SQFT
    1924
    Built
    Neighborhood:
    Grandview Heights
    County:
    Palm Beach
    Area:
    West Palm Beach
    Property Description
    Once in a lifetime opportunity to own a historic, thriving and fully booked Bed and Breakfast in the heart of Palm Beach! The Grandview Gardens Bed & Breakfast is a renowned, profitable B&B with a shining reputation locally, nationally, and internationally. This historic property comes with a loyal client base, 100+ 5-star reviews across a multitude of third party hotel booking syndicates, and over 400 positive reviews on TripAdvisor. Enjoy full-capacity occupancy during high season, and 86% occupancy during off season. Property can also be purchased as a single family residence. [Click to continue reading]IMAGINE owning a historic Palm Beach estate, so charming, unique and rich with history that visitors have described it as ''the Secret Garden of the Palm Beaches'' and ''Enchanting from the moment you step foot on the property''. This property exists and it is FOR SALE! Introducing: THE GRANDVIEW ESTATE of PALM BEACH. Situated on a sweeping corner lot in the highly sought after and historic neighborhood of Grandview Heights lie this unique residence property. A once-in-a-lifetime real estate experience and opportunity in one of the most prime locations in South Florida! THE MAIN RESIDENCE ("Grandview Gardens B & B"): Nestled back in a tropical garden setting on a beautiful tree lined street, this historically landmarked 1925 Mediterranean Revival has been carefully restored and transformed into one of the Palm Beach area's most unique, intimate resort/residences. The property boasts 8 bedrooms with en-suite bathrooms, a large gathering room, commercial grade kitchen, an office, and the perfect configuration for entertaining your guests -- paid guests or visitors. The sprawling compound encompasses the entire end of a city block (4 full size lots) and is partly operated as Grandview Gardens Bed & Breakfast, one of the leading bed & breakfast resorts in Florida as featured by the New York Times, Washington Post and numerous national and international publications. The B & B guest rooms all have outside private entrances and the separate 800 sq ft innkeeper apartment offers privacy for all. Lush, tropical gardens and a quaint winding path leads guests to the romantic picturesque entrance of the Bed & Breakfast. Upon entering the estate be prepared to be swept away by the vaulted foyer/living room exuding historical charm through the pecky cypress finishes and the focal coral stone fireplace. The formal dining space and breakfast loggia showcase the continuation of Spanish Mediterranean influences throughout the home. The wood and teracotta floors and arched doorways flowing throughout the estate are some examples of the periodic architectural details prevalent in the home. The owners' residence at Grandview Gardens offers 3 bedrooms, office and owners' apartment including a breakfast area and kitchen. Stepping out onto the pool deck one is surrounded by gorgeous bougainvillea adorning the walls of 6 apartments. Each guest room is uniquely appointed with beautiful flare and are all ensuite. The resort has many return visitors seeking the tranquility, beauty, and ambiance of The Grandview Estate, ensuring rooms are full year after year. There are laundry facilities and a two car garage with plenty of parking on the quiet street. The lush backyard offers the ultimate relaxation for homeowner and guests alike. The outdoor space is surrounded by large tropical gardens. After dipping in the refreshing pool guests can rinse off in the outdoor showers. Supremely unique, this property offers a gorgeously appointed home residence with rental apartments around the property. Whether a residence or a rental property; or both; you can rest assured the net incomes are very strong and net cash positive year round. Located along Howard Park in Grandview Heights, one of West Palm Beach's most desirable downtown neighborhoods with easy access (5-10 min) to Palm Beach and the beaches. Walking distance to the main attractions of downtown West Palm Beach, including City Place, Himmel Theater, Kravis Center for the Performing Arts, The Norton Museum of Art, and an abundance of excellent cuisine!. As an option, buyers can also add the property at 734 Palm Street next door for 3 more additional bedrooms for $455,000. Listed separately but can be part of total B&B.
    Exterior Features

    Construction Cbs Miles To Beach 2 Roof Comp RolledOther Waterfront Description None Waterfront YN No

    Interior Features

    Bath Toilets 9.00 Cooling Ceiling FanCentralElectric Flooring Ceramic TileWood Floor Heating CentralElectric Miscellaneous1 Kitchen FacilitiesLandscapedLaundry Miscellaneous2 Manager On PremisesMeeting RoomOfficePool Offices 2 Percent Air Conditioned 100.00

    Property Features

    Available Docs Occupational LicenseSurvey Available Info Books & RecordsContractsInventoryOwner ManagedPhotosTax ReturnTraining Program Built Desc Resale Fire Protection Smoke DetectorSprinkler For Lease No For Sale Yes Lease None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location Airport AccessCitySubdivision Monetary Info Gross Oper Income 490000.00 Monetary Info Net Oper Income 180000.00 Monetary Info Source Of Expenses Books Monetary Info Total Expenses 210000.00 Possession At ClosingNegotiable Sale Includes Building And LandEquipmentFixturesFurnitureInventoryLicenseToolsTrade Name Security None Tax Amount Real Estate Taxes 13205.00 Tax Year 2018 Tenant Pays None Terms Considered CashConventional Type Of Building Free StandingHotel / MotelIncomeResident. Single FamSpecial Purpose Use Hotel/ MotelIncomeOther Utilities CableElectricPublic Water

    Listing provided courtesy of Compass Florida Llc.

    © 2019 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2019 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-12-10T08:02:36.573.
     
    Berkshire Hathaway HomeServices EWM Realty
    201 Alhambra Circle #1060
    Coral Gables FL, 33134