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    1608 Lake Ave West Palm Beach, FL 33401

    For Sale
    $6,250,000

    Mediterranean Revival estate in Grandview Heights Historic District.

    Lot size:
    0.60 Acres

    Property Features for 1608 Lake Ave

    General Information

    Lot size
    0.60 Acres

    Building Details

    Year built
    1924

    Source: Compass Florida, LLC (Jupiter) Agent Jeffrey Coe

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic West Palm Beach Estate

    This Mediterranean Revival estate, originally constructed in 1925, is located in downtown West Palm Beach. Situated on over half an acre within the Grandview Heights Historic District, the property encompasses more than 7,700 square feet across three distinct structures. The property at 734 Palm Street is included, offering additional lot depth and street access, which may be suitable for future improvements or guest accommodations. This property offers a blend of historic pedigree, income potential, and modern livability.
    Location Intelligence

    Current Use by Public Records

    Grandview Gardens Hotel

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Daycare Center Clothing Store Building Supply Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Epic WPB by The Jazz Chef - A Bed & Breakfast, The Flamingo Hideaway, Upland Zen Retreat, Sale! Newly Listed-West Palm Beach Studio, Homes & Gardens LLC

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0598349
    Latitude
    26.6991185

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    FAQs

    What type of property is this?
    Bed & breakfast - Mediterranean Revival estate in Grandview Heights Historic District.
    Where is this bed & breakfast located?
    The property is located at 1608 Lake Ave West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $6,250,000.
    What are key features of this property?
    This property features: - Historic Mediterranean Revival estate built in 1925 in the Grandview Heights Historic District.; - Boasting over 7,700 square feet of living space across three structures.; - Set on over half an acre of land.
    (973) 222-5038
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    1608 Lake Ave West Palm Beach, FL 33401
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    West Palm Beach, FL 33401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1608 Lake Ave West Palm Beach, FL 33401
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