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    1608 Lake Avenue

    West Palm Beach, FL 33401
    • $1,999,000
    • STATUS: Active
    • ON SITE: 461 days
    • ID#: RX-10508878
    Price Reduced
    UPDATED: 58 min ago
    $1,999,000
    • 10
      BEDS
    • 1/4 to 1/2 Acre
      ACRES
    • 9
      BATHS
    • 1
      1/2 BATHS
    • 7,784
      SQFT
    • $257
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1925
    County:

    School Information

    Elementary School:
    Middle School:

    Description

    BACK ON THE MARKET and price reduced dramatically! ONE-OF-A-KIND, landmarked real estate opportunity in historic Palm Beach! This is the largest landmarked residence located in the popular Grandview Heights Historic District adjacent to downtown West Palm Beach, this property is located 5 blocks off the intracoastal waterway and is currently configured to be a spacious residence with 7 separate units (can be rented or combined for a one-of-a-kind estate). The main historic structure features 4967 square feet with 6 bedrooms 4 1/2 bathrooms. In addition, there is a separate 2817 square ft newer structure with 5 bed & breakfast units which feature ensuite bathrooms, outside private entrances, terraces and balconies. The current bed & breakfast operation at the property,Grandview Gardens Bed & Breakfast, is one of the highest rated lodging facilities in the state, however new owner can combine the entire property if they wish, to create an iconic residence on one of the largest residential lots in all of Palm Beach. If the buyer wishes to maintain the Bed and Breakfast, this real estate purchase includes the historic property and its loyal client base, 100+ 5-star reviews across a multitude of third party hotel booking syndicates, and over 400 positive reviews on TripAdvisor alone. The public school district for this property includes Palm Beach Public Elementary on Palm Beach island, the highest rated elementary school in Palm Beach County. One of the highest rated high schools in Florida, Alexander W. Dreyfoos School of the Arts, is walking distance. 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''. 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. Lush, tropical gardens and a quaint winding path leads guests to the romantic picturesque entrance of the estate. Upon entering the property, 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. There are laundry facilities and a two car garage with plenty of parking on the quiet street. 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 $400,000. Listed separately but can be part of total B&B operation.

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    All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2020 BeachesMLS, 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. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2020-06-04T19:35:51.507.
    www.myreynoldsteam.com/homes/92228220

    1608 Lake Avenue West Palm Beach, FL 33401

    • Price: $1,999,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: RX-10508878
    10
    Beds
    9
    Baths
    1
    ½ Baths
    1/4 to 1/2 Acre
    Acres
    7,784
    SQFT
    $257
    $/SQFT
    1925
    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
    BACK ON THE MARKET and price reduced dramatically! ONE-OF-A-KIND, landmarked real estate opportunity in historic Palm Beach! This is the largest landmarked residence located in the popular Grandview Heights Historic District adjacent to downtown West Palm Beach, this property is located 5 blocks off the intracoastal waterway and is currently configured to be a spacious residence with 7 separate units (can be rented or combined for a one-of-a-kind estate). The main historic structure features 4967 square feet with 6 bedrooms 4 1/2 bathrooms. In addition, there is a separate 2817 square ft newer structure with 5 bed & breakfast units which feature ensuite bathrooms, outside private entrances, terraces and balconies. The current bed & breakfast operation at the property,Grandview Gardens Bed & Breakfast, is one of the highest rated lodging facilities in the state, however new owner can combine the entire property if they wish, to create an iconic residence on one of the largest residential lots in all of Palm Beach. If the buyer wishes to maintain the Bed and Breakfast, this real estate purchase includes the historic property and its loyal client base, 100+ 5-star reviews across a multitude of third party hotel booking syndicates, and over 400 positive reviews on TripAdvisor alone. The public school district for this property includes Palm Beach Public Elementary on Palm Beach island, the highest rated elementary school in Palm Beach County. One of the highest rated high schools in Florida, Alexander W. Dreyfoos School of the Arts, is walking distance. 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''. 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. Lush, tropical gardens and a quaint winding path leads guests to the romantic picturesque entrance of the estate. Upon entering the property, 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. There are laundry facilities and a two car garage with plenty of parking on the quiet street. 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 $400,000. Listed separately but can be part of total B&B operation.
    Exterior Features

    Construction CbsFrameStucco Design MediterraneanSpanish Exterior Features Auto SprinklerCovered BalconyCustom LightingFenceOpen PatioOutdoor Shower Front Exposure West 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 Contingents AppraisalFinancing Development Name Grandview Heights Governing Bodies None Homeowners Association None 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 9500.00 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. Listing information © 2020 BeachesMLS


    All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2020 BeachesMLS, 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. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2020-06-04T19:35:51.507.
     
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    The Reynolds Team/ONE Sotheby’s International Realty
    1701 Highway A1A, Suite 104
    Vero Beach FL, 32963