515 46th Street, West Palm Beach, FL 33407

$1,499,000
5
BD
3
BA
2,343
SqFt

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List Price
$1,499,000
Days on Market
28
MLS#
B26051836
Year Built
1917
Bedrooms
5
Bathrooms
3
Living Area
2,343
Acres
0.24
MLS Area Major
5420

Property Description

Set in the heart of West Palm Beach's historic Northwood district, this 1917 Key West-style estate sits on multiple lots just a block from the Intracoastal, with no HOA and room to expand. The main house is currently configured as two separate apartment units, plus a detached two-bedroom, one-bath apartment with its own private entrance and garage — three income-producing units in all. Alternatively, the property can be reunited into one grand single-family estate, with the detached apartment serving as a private mother-in-law suite or guest quarters. With multiple lots and no HOA restrictions, there's also potential to build an additional home on the property, making this a rare opportunity for investors, multigenerational families, or anyone looking to create a custom compound. You're steps from Osprey Park, Manatee Lagoon, and Rybovich Superyacht Marina, and minutes from downtown West Palm Beach, Rosemary Square, Clematis Street, and Palm Beach Island. This stretch near North Flagler is also ground zero for the city's luxury development boom, with the Ritz-Carlton Residences, Alba Palm Beach, Shorecrest, Olara West Palm Beach, the Mandarin Oriental Residences, and Apogee all rising nearby. That wave of investments is rapidly transforming the neighborhood into one of South Florida's most closely watched waterfront corridors. It's a rare opportunity to own a piece of Northwood's history right in the path of its next chapter.

Additional Information

Taxes
$9,775
Property Description
Florida
Interior Features
Built-in Features, Living/Dining Room, Main Level Primary, Split Bedrooms, Storage, Tub Shower, Upper Level Primary
Appliances
Dryer, Dishwasher, Disposal, Gas Range, Gas Water Heater, Ice Maker, Refrigerator, Water Heater, Washer
Utilities
Cable Available, Sewer Available, Water Available
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Frame, Stucco
Roof
Composition, Shingle
Garage Spaces
2
Elementary School
Northmore
Middle School
John F. Kennedy (Palm Beach)
High School
Palm Beach Lakes

Listing courtesy of Compass Florida LLC.

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