$16,500,000
Palm Beach, FL 33480
MLS# RX-11163493
5031 sqft
1 / 5
Property Description
Opportunity awaits at this large 10,000+ sq. ft. property ideally located In-Town on an ocean block of Palm Beach. Renovate the current structures, or tear down and build your dream home. Currently contains 7 total units; two quintessential Palm Beach cottages (one Landmarked) and a 5 unit Art Deco multifamily building containing one 2 bedroom unit, three 1 bedroom units, and one studio. Also offers 4+ off-street parking spaces. Highly coveted and timeless location situated just steps to Worth Avenue, the ocean, and the best shops and restaurants in the area.
Details
Contract Information
Listing Date: 2026-02-13
Status: Active
Original List Price: 16500000
Auction: No
List Price: $16,500,000
Current Price: $16,500,000
List Price/SqFt: 3279.67
General Property Description
Type: Duplex
Structure Type: Quadruplex
Total # of Units: 7
Property Condition: Resale
Year Built: 1910
Number of Stories: 2
SqFt - Total: 5115
SqFt - Living: 5031
SqFt Source: Tax Rolls
Gated Community: No
Homeowners Assoc: None
Subdivision: ROYAL PARK
Lot SqFt: 10000
Waterfront: No
Private Pool: No
Pets on Premises: No
Separate Elec Meters: Yes
Separate Wtr Meters: Yes
Location Tax Legal
Area: 5002
County: Palm Beach
Parcel ID: 50434323050080510
Street #: 150
Street Name: Australian
Street Suffix: Avenue
Zip Code: 33480
Legal Desc: ROYAL PARK ADD LT 51 & LT 52 (LESS N 100 FT OF W 25 FT) BLK 8
Geo Lat: 26.703016
Geo Lon: -80.035579
Unit 1 Info
Full Bath: 1
Furnished: No
SqFt: 700
Monthly Income: 5500
Unit 2 Info
Full Bath: 1
Furnished: No
SqFt: 600
Monthly Income: 5000
Property Features
Source of Expenses: Other
Construction: CBS
Waterfront Details: None
View: Other
Unit 1 Desc: A/C Unit; Built-in Shelves; Kitchen; Microwave; Range - Gas; Refrigerator; Patio
Unit 1 Parking: Open Parking
Unit 2 Desc: A/C Unit; Kitchen; Microwave; Range - Electric; Refrigerator; Patio
Unit 2 Parking: Open Parking
Lot Description: East of US-1; < 1/4 Acre; Irregular Lot; Sidewalks
Exterior Features: Auto Sprinkler; Open Patio
Tenant Pays: Cable; Electric; Sewer; Sewer; Water
Restrict: Historic Designation
Flooring: Tile; Wood Floor; Other
Cooling: Central
Heating: Central
Roof: Other
Terms Considered: Cash; Conventional
Utilities: Cable; Public Sewer; Public Water
Storm Protection: None
Taxes: City/County
Avail Info: Other
Possession: At Closing
Showing Instructions: Text Listing Agent
Listing Office: Douglas Elliman
Last Updated: February - 14 - 2026
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