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Palm Beach, FL Multifamily Home for Sale

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  • 150 Australian Ave, Palm Beach, FL 33480
    150 Australian Ave, Palm Beach, FL 33480
    150 Australian Ave, Palm Beach, FL 33480
    /5

    $12,500,000

    • 5,031 Sq Ft

    150 Australian Ave, Palm Beach, FL 33480

    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

    Michael Melear Douglas Elliman

    150 Australian Ave, Palm Beach, FL 33480
Florida Palm Beach

Multi-Family Homes & Duplexes for Sale in Palm Beach, FL

Why Live in Palm Beach

America’s first resort destination, the Palm Beaches, began with a shipwreck. In 1878, a Spanish barque named Providencia ran aground on the 18-mile island that would one day become the town of Palm Beach. The vessel’s cargo – some 20,000 coconuts – provided the foundation for the beautiful coconut grove that caught the eye of oil tycoon Henry Flagler and led him to build a hotel there in the 1890s.

Today, Serena Williams, James Patterson, Jon Bon Jovi, Donald Trump and many other celebrities own property in town. But despite its star-studded ...

Learn more about living in Palm Beach

Home Trends in Palm Beach, FL

On average, homes in Palm Beach, FL sell after 138 days on the market compared to the national average of 49 days. The median sale price for homes in Palm Beach, FL over the last 12 months is $3,100,000, up 82% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$3,100,000
Median Single Family Sale Price
$13,495,000
Median Townhouse Sale Price
$8,495,000
Median 2 Bedroom Sale Price
$1,500,000
Median 1 Bedroom Sale Price
$499,000
Average Price Per Sq Ft
$2,053
Number of Homes for Sale
401
Last 12 months Home Sales
487
Months of Supply
9.90
Median List Price
$3,197,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
82%
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