$535,000
SOLD DEC 30, 2024

524 Palmetto St West Palm Beach, FL 33405

South End Neighborhood
-- Bed
-- Bath
1,632 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$328 Per Sq Ft

3% Below List Price

41 Days on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • Heat Pump System
  • Central Air

About This Home

As of December 2024

518 and 524 Palmetto St. Turnkey and income producing property in highly desireable Colonial Estates. This investment opportunity includes 2 separate buildings, both fully rented. The first building is a 2 bedroom, 1 bathroom single family home. The second building is a 2 bedroom, 2 bathroom single family home. This investment offers true flexibilty. It can be used as a long term rental property or the location would make a great short term rental property. For a lower down payment, the owner can occupy one of the buildings and realize huge rewards. There are so many possibilities with this inome producing opportunity. Professionally managed and well maintained since the current owners purchased means very little hassle for the new owner(s). Separate laundry area shared by both units.

Last Agent to Sell the Property

Joseph Miranda

Miranda Executive Realty License #3486481 Listed on: 09/20/2024

Last Buyer's Agent

LUDMILLA DOMOND

Final Destination Realty Group License #3186793

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,445

Year Built

  • Built in 1940

Parking

  • 6 Parking Spaces

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 1,632 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Flooring

  • Wood
  • Ceramic Tile

Utilities

  • Central Air
  • Heat Pump System
  • Cable TV Available

Community Details

  • 2 Units
  • Colonial Estates Subdivision

Listing and Financial Details

  • Total Actual Rent $4,250
  • Rent includes gardener
  • Assessor Parcel Number 74434404040200100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,445

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: From I95 take Forest Hills Blvd East. Proceed to US1 and turn left (North). Go to Palmetto St and turn left (West). Proceed to 518 and 524 Palmetto St.
  • Year Built: 1940
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Living Area: 1632.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Aluminum Siding, Frame
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Gardener
  • Community Features: Non-Gated

Lot Info

  • Parcel #: 74434404040200100
  • Zoning Description: SF7

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8445.0

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 4250.0

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Price Changed $2,250 -4.3% $1 / Sq Ft
03/24/2025 03/24/25 Price Changed $2,350 -1.1% $1 / Sq Ft
02/17/2025 02/17/25 For Rent $2,375 0.0% --
12/30/2024 12/30/24 Sold $535,000 -2.7% $328 / Sq Ft
10/31/2024 10/31/24 For Sale $550,000 0.0% $337 / Sq Ft
10/31/2024 10/31/24 Pending -- -- --
09/20/2024 09/20/24 For Sale $550,000 0.0% $337 / Sq Ft
10/13/2023 10/13/23 Rented $2,200 -4.3% --
09/26/2023 09/26/23 Under Contract -- -- --
09/06/2023 09/06/23 Price Changed $2,300 -2.1% $3 / Sq Ft
08/31/2023 08/31/23 For Rent $2,350 +30.6% --
09/15/2021 09/15/21 For Rent $1,800 0.0% --
09/15/2021 09/15/21 Rented $1,800 0.0% --
08/18/2021 08/18/21 Sold $405,000 -9.8% $227 / Sq Ft
07/19/2021 07/19/21 Pending -- -- --
05/22/2021 05/22/21 For Sale $449,000 0.0% $251 / Sq Ft
01/01/2021 01/01/21 Rented $1,700 0.0% --
12/02/2020 12/02/20 Under Contract -- -- --
11/29/2020 11/29/20 For Rent $1,700 0.0% --
11/30/2016 11/30/16 Sold $279,000 0.0% $171 / Sq Ft
09/14/2016 09/14/16 Pending -- -- --
08/09/2016 08/09/16 For Sale $279,000 -- $171 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2025

    LUDMILLA DOMOND

    Final Destination Realty Group

  • J

    Seller's Agent in 2024

    Joseph Miranda

    Miranda Executive Realty

  • L

    Seller's Agent in 2023

    Lorna Leslie Grant

    Miranda Executive Realty

  • N

    Buyer's Agent in 2023

    Nicholas Giachos

    Giachos Group LLC

  • M

    Seller's Agent in 2021

    Matthew Stanley

    The Keyes Company

  • K

    Buyer's Agent in 2021

    Kimberly Graham

    Compass Florida, LLC (PB)

See All Agents

Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10462648

BeachesMLS (Greater Fort Lauderdale)

APN: 74-43-44-04-04-020-0100

Florida Palm Beach County West Palm Beach 33405 South End

524 Palmetto St, West Palm Beach, FL

This home is located at 524 Palmetto St, West Palm Beach, FL 33405 and is currently priced at $535,000, approximately $327 per square foot. This property was built in 1940. 524 Palmetto St is a home located in Palm Beach County with nearby schools including South Olive Elementary School, Conniston Middle School, and Forest Hill Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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