$16,500,000

150 Australian Ave Palm Beach, FL 33480

Estimated payment $91,582/month

Total Views 82
-- Bed
2 Baths
5,031 Sq Ft
$3,280 Price per Sq Ft

Highlights

  • Wood Flooring
  • No HOA
  • Central Heating and Cooling System
  • Palm Beach Public School Rated A-
  • Patio

About This Home

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.

Listing Agent

Michael Melear

Douglas Elliman License #3259144 Listed on: 02/13/2026

Douglas Elliman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $70,811

Year Built

  • Built in 1910

Lot Details

  • 10,000 Sq Ft Lot
  • Irregular Lot
  • Sprinkler System

Home Design

  • Duplex

Interior Spaces

  • 2 Bathrooms
  • 5,031 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Tile

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 7 Units
  • Royal Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434323050080510

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$70,811

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Year Built: 1910
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Other, Tile, Wood
  • Living Area: 5031.0

Exterior Features

  • Exterior Features: Outdoor Living Area
  • View: City, Other
  • Lot Features: Irregular Lot, Sprinklers Automatic, < 1/4 Acre
  • Pool Private: No
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Other

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Multiple Meters, Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Senior Community: No
  • Amenities: Sidewalks
  • Association: No

Lot Info

  • Parcel #: 50434323050080510
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10018.8
  • Mobile Dim Units: Feet
  • Zoning: R-B(ci

Rental Info

  • Tenant Pays: Cable TV, Electricity, Sewer, Water

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 70810.6

Multi Family

  • Number Of Units In Community: 7

Map

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Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $60,988 $3,435,215 -- --
2024 $60,988 $3,122,923 -- --
2023 $54,024 $2,839,021 $0 $0
2022 $48,376 $2,580,928 $0 $0
2021 $42,252 $2,492,662 $2,475,000 $17,662
2020 $38,397 $2,143,020 $2,126,250 $16,770
2019 $35,842 $1,939,089 $1,923,750 $15,339
2018 $36,236 $2,029,950 $2,014,761 $15,189
2017 $33,892 $1,843,607 $1,831,601 $12,006
2016 $32,119 $1,713,441 $0 $0
2015 $29,814 $1,557,674 $0 $0
2014 $27,672 $1,416,571 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2026 02/13/26 For Sale $16,500,000 -- $3,280 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R11163493

BeachesMLS (Greater Fort Lauderdale)

APN: 50-43-43-23-05-008-0510