1608 Lake Avenue

    West Palm Beach, FL 33401
    • $2,495,000
    • STATUS: Active
    • ON SITE: 236 days
    • ID#: RX-10508878
    UPDATED: 83 min ago
    $2,495,000
    • 10
      BEDS
    • 1/4 to 1/2 Acre
      ACRES
    • 9
      BATHS
    • 1
      1/2 BATHS
    • 7,784
      SQFT
    • $321
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1924
    County:

    School Information

    Elementary School:
    Middle School:

    Description

    Once in a lifetime opportunity to own a historic residence and a 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. [Click to continue reading]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 9 bedrooms with 8 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 terracotta 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.

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    © 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 2019-10-23T16:03:29.767.
    www.myreynoldsteam.com/homes/92228220

    1608 Lake Avenue West Palm Beach, FL 33401

    • Price: $2,495,000
    • Status: Active
    • Updated: 83 min ago
    • ID#: RX-10508878
    10
    Beds
    9
    Baths
    1
    ½ Baths
    1/4 to 1/2 Acre
    Acres
    7,784
    SQFT
    $321
    $/SQFT
    1924
    Built
    Neighborhood:
    Grandview Heights
    County:
    Palm Beach
    Area:
    West Palm Beach
    Elementary School:
    Palm Beach Public
    Middle School:
    Conniston Middle School
    High School:
    Forest Hill Community High School
    Property Description
    Once in a lifetime opportunity to own a historic residence and a 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. [Click to continue reading]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 9 bedrooms with 8 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 terracotta 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 CbsFrame/Stucco Design MediterraneanSpanish Exterior Features Auto SprinklerCovered BalconyCustom LightingFenceOpen PatioOutdoor Shower Front Exposure W Guest House 1 Bedrooms2 BedroomsKitchenLiving Room Lot Description 1/4 To 1/2 AcreCorner LotSidewalks Lot Dimensions 210 Ft X 208 Ft Parking Garage - AttachedGuestStreet Private Pool Description Heated Private Pool Dimensions 30 X 15 Private Pool YN Yes Roof Comp RolledS-Tile View GardenPool Waterfront Description None Waterfront YN No

    Interior Features

    Baths Total 9.10 Cooling Ceiling FanCentralElectric Dining Area Breakfast AreaDining FamilyFormal Equipment Appliances Included Auto Garage OpenDishwasherDisposalDryerFreezerIce MakerMicrowaveRange - ElectricRefrigeratorSmoke DetectorWall OvenWasherWater Heater - Elec Flooring TileWood Floor Furnished FurnishedFurniture Negotiable Heating CentralElectric Interior Features Ctdrl/Vault CeilingsDecorative FireplaceFire SprinklerFireplace(S)FoyerFrench DoorPantryStack BedroomsVolume CeilingW/D HookupWalk-In Closet Master Bedroom Bath Mstr Bdrm - Ground Rooms CottageDen/OfficeFamilyLaundry-InsideMaid/In-LawStorage Window Treatments ArchedBlindsDrapes

    Property Features

    Built Desc Resale Development Name Grandview Heights Governing Bodies None Homeowners Association Voluntary HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Membership Equity YN No Pets Allowed Yes Possession At ClosingNegotiable REO No Restrictions Historic DesignationLease OkNoneOther Security Fence Short Sale No Short Sale Addendum No Short Sale AU N/A Special Assessment No Special Info Sold As-Is Sq Ft Total 6245.00 Subdivision Amenities Bike - JogBike StorageManager On SitePicnic AreaPoolSidewalksStreet LightsTennis Tax Amount 13205.00 Tax Year 2018 Taxes City/CountyHomestead Terms Considered CashConventionalOwner FinancingSeller Financing Total Units In Complex 10.00 Utilities CableElectricPublic SewerPublic Water Zoning Sf14(C

    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 2019-10-23T16:03:29.767.
     
    The Reynolds Team/Treasure Coast Sotheby's International Realty
    1401 Highway A1A # 300
    Vero Beach FL, 32963