705 Colonial Rd West Palm Beach, FL 33405
Dreher Park NeighborhoodEstimated payment $4,774/month
Highlights
- Gunite Pool
- Garden View
- Jetted Tub in Primary Bathroom
- Wood Flooring
- Spanish Architecture
- High Ceiling
About This Home
A Boutique Oasis in the Heart of West Palm Beach. Fully renovated from top to bottom, this distinctive West Palm Beach residence offers a rare blend of boutique-style charm, artistic design, and resort-inspired living in a highly walkable location. Currently operating as a very successful Airbnb and on other short-term rental platforms as''The Lili Pad'' offers strong income potential while remaining move-in ready. The property features a private pool and lush, fully fenced backyard, creating a tranquil outdoor retreat ideal for relaxing, entertaining, or enjoying the Florida sunshine. Inside, curated artistic interiors and vintage-inspired elements add warmth and character throughout. The living room is highlighted by a striking lily pad mural, while a bright Florida room/sunroom provides flexible space for a home office, sitting area, or creative studio. An open dining area with built-in seating and abundant natural light flows seamlessly into a fully renovated modern kitchen, offering both style and functionality. A converted open-air lounge enhances the indoor-outdoor living experience, perfect for entertaining or everyday enjoyment. Additional features include spa-inspired bathrooms, in-unit washer and dryer, and excellent indoor-outdoor flow. Ideally located near Clematis Street, Rosemary Square (CityPlace), the Norton Museum of Art, Palm Beach Zoo, Peanut Island, and more, this home presents a rare opportunity to purchase a fully renovated, character-rich property with both lifestyle appeal and income potential in one of South Florida's most vibrant coastal cities.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,994
Year Built
- Built in 1928
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 50 x 110
- Southeast Facing Home
- Interior Lot
Parking
- 1 Car Attached Garage
- 3 Open Parking Spaces
Property Views
- Garden
- Pool
Home Design
- Spanish Architecture
- Frame Construction
- Shingle Roof
- Composition Roof
Interior Spaces
- 1,568 Sq Ft Home
- 1-Story Property
- Furnished
- High Ceiling
- Ceiling Fan
- Decorative Fireplace
- Blinds
- Formal Dining Room
Kitchen
- Eat-In Kitchen
- Microwave
- Dishwasher
Flooring
- Wood
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- 2 Full Bathrooms
- Bidet
- Jetted Tub in Primary Bathroom
Laundry
- Dryer
- Washer
Pool
- Gunite Pool
- Outdoor Shower
Outdoor Features
- Patio
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- Hillside Park Subdivision
Listing and Financial Details
- Assessor Parcel Number 74434409040001880
Map
Home Values in the Area
Average Home Value in this Area
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 | $6,459 | $424,953 | -- | -- |
| 2024 | $6,459 | $275,125 | -- | -- |
| 2023 | $6,287 | $250,114 | $0 | $0 |
| 2022 | $5,651 | $227,376 | $0 | $0 |
| 2021 | $5,115 | $256,447 | $82,500 | $173,947 |
| 2020 | $4,803 | $245,235 | $67,500 | $177,735 |
| 2019 | $4,489 | $230,235 | $52,500 | $177,735 |
| 2018 | $3,872 | $198,912 | $52,080 | $146,832 |
| 2017 | $3,625 | $189,823 | $41,664 | $148,159 |
| 2016 | $3,394 | $128,348 | $0 | $0 |
| 2015 | $3,256 | $116,680 | $0 | $0 |
| 2014 | $2,920 | $106,073 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/31/2026 01/31/26 | For Sale | $775,000 | +47.6% | $494 / Sq Ft | |
| 03/29/2024 03/29/24 | Sold | $525,000 | -2.6% | $335 / Sq Ft | View Prior Sale |
| 02/06/2024 02/06/24 | Pending | -- | -- | -- | |
| 01/08/2024 01/08/24 | For Sale | $539,000 | -- | $344 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $525,000 | New Path Title | |
| Warranty Deed | $525,000 | New Path Title | |
| Warranty Deed | $125,000 | Attorney | |
| Warranty Deed | $290,000 | Attorney | |
| Warranty Deed | $363,500 | Universal Land Title Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $404,000 | New Conventional | |
| Closed | $404,000 | New Conventional | |
| Previous Owner | $290,000 | Purchase Money Mortgage | |
| Previous Owner | $290,800 | Fannie Mae Freddie Mac |
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: R11158993
APN: 74-43-44-09-04-000-1880
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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 2026 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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