NOT LISTED FOR SALE

711 5th St Unit 1 West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood

Estimated Value: $665,408

Studio
6 Baths
2,882 Sq Ft
$231/Sq Ft Est. Value

Sale Details

Date Sold: October 25, 2021

Last sale price $440,000 $153 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $4,524 / mo

78 Days on Market

Highlights

  • City View
  • Tile Flooring
  • 3-minute walk to Alice Mickens Park
  • No HOA
  • Central Heating and Cooling System

About This Home

As of October 2021

Centrally located Investment Triplex rental property. Two units rented for $900 each per
month. One of the units is occupied by one
of the owners. Had it been rented at the same
monthly rate the yearly rental would have
$32,400. Owners are aware that the market rate
rent is more than what is being charged but tenants are living there a long time. There is no monthly lease, month to month.

Last Agent to Sell the Property

Alvin Grant

Tropical Trails Realty License #0519233 Listed on: 06/08/2021

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,877

Year Built

  • Built in 1985

Lot Details

  • 6,970 Sq Ft Lot

Home Design

  • Triplex
  • Stucco

Interior Spaces

  • 6 Bathrooms
  • 2,882 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • City Views

Schools

  • Roosevelt Elementary School
  • Conniston Community Middle School
  • Forest Hill High School

Utilities

  • Central Heating and Cooling System
  • Three-Phase Power

Listing and Financial Details

  • Tenant pays for cable TV, electricity, sewer, water
  • Assessor Parcel Number 74434321060110080

Community Details

Overview

  • No Home Owners Association
  • Association fees include HVAC, insurance, ground maintenance
  • 3 Units
  • Clows Subdivision
  • Community Parking

Building Details

  • Gross Income $22,950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,877

Year Built

Built in 1985

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: Palm Beach Lakes Blvd to To Tamarind Avenue: make right into Tamarind Avenue, travel south to 5th Street. Make left into 5th Street to 711 5th Street.
  • Year Built: 1985
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2882.0

Exterior Features

  • Exterior Features: None
  • View: City
  • Lot Features: < 1/4 Acre
  • Pool Private: No
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Property Condition: Resale
  • Roof: Other

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None, Parking
  • Association: No

Fee Information

  • Association Fee Includes: HVAC, Insurance, Maintenance Grounds

Schools

  • Elementary School: Roosevelt
  • High School: Forest Hill
  • Middle Or Junior School: Conniston Community

Lot Info

  • Parcel #: 74434321060110080
  • Lot Size Acres: 0.16
  • Lot Size: 50.0 ft x 140.0 ft
  • Mobile Dim Units: Feet
  • Zoning: NWD-R(city)/URB

Rental Info

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

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4877.0

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 4
  • Annual Gross Income: 22950.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2021
Closed on
Oct 25, 2021
Sold by
Watkins Maria and Clemons Myron
Bought by
Seller's Agent
Alvin Grant
Tropical Trails Realty
List Price
$470,000
Sold Price
$440,000
Premium/Discount to List
-$30,000
-6.38%
Current Estimated Value
$665,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,408
Avg. Annual Appreciation
8.79%
Original Mortgage
$308,000
Outstanding Balance
$275,089
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$390,319

Purchase Details

Closed on
Nov 30, 2017
Sold by
Watkins Maria and Clemons Myron
Bought by
Watkins Maria

Purchase Details

Closed on
Oct 10, 2015
Sold by
Wattins Geames James
Bought by
Watkins Maria

Purchase Details

Closed on
Jul 9, 2012
Sold by
Watkins Maria
Bought by
Watkins Geames J
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Downtown West Palm Beach, FL

  • Diego Kogutek Real Estate Agent - Horizon Homes Realty Corp

    Diego Kogutek

    Horizon Homes Realty Corp

    (786) 408-6892

    182 Total Sales

    1 in Downtown West Palm Beach

    $130,000 Price

    Diego Kogutek
     Section Image
  • Juan Iarussi Real Estate Agent - Compass Florida, LLC

    Juan Iarussi

    Compass Florida, LLC

    (786) 807-6586

    31 Total Sales

    1 in Downtown West Palm Beach

    $530,000 Price

    Juan Iarussi
     Section Image
  • Debbie Hawks Real Estate Agent - The Keyes Company

    Debbie Hawks

    The Keyes Company

    (561) 220-1889

    33 Total Sales

    2 in Downtown West Palm Beach

    $345K - $360K Price Range

    Debbie Hawks
     Section Image
  • Jill Falcigno Real Estate Agent - The Keyes Company

    Jill Falcigno

    The Keyes Company

    (561) 867-3013

    25 Total Sales

    1 in Downtown West Palm Beach

    $3,200,000 Price

    Jill Falcigno
     Section Image
  • Melissa Cutter Real Estate Agent - The Keyes Company

    Melissa Cutter

    The Keyes Company

    (561) 867-6351

    34 Total Sales

    1 in Downtown West Palm Beach

    $285,000 Price

    Melissa Cutter
     Section Image
  • Theresa Tecson Real Estate Agent - Illustrated Properties

    Theresa Tecson

    Responds Quickly

    Illustrated Properties

    (561) 677-8069

    74 Total Sales

    2 in Downtown West Palm Beach

    $268K - $410K Price Range

    Theresa Tecson
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$440,000 Supreme Title And Escrow Inc
Watkins Maria -- Attorney
Watkins Maria $45,000 None Available
Watkins Geames J $27,900 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $308,000
Previous Owner Watkins James D $76,700
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/25/2021 10/25/21 Sold $440,000 -6.4% $153 / Sq Ft
09/25/2021 09/25/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $470,000 -- $163 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,206 $437,456
2024 $9,206 $417,220
2023 $8,528 $379,291 $62,902 $332,543
2022 $7,868 $344,810 $0 $0
2021 $5,599 $295,486 $46,250 $249,236
2020 $4,877 $223,553 $40,700 $182,853
2019 $4,571 $208,085 $51,800 $156,285
2018 $4,214 $228,521 $36,950 $191,571
2017 $3,861 $208,964 $32,130 $176,834
2016 $3,657 $124,412 $0 $0
2015 $3,567 $113,102 $0 $0
2014 $3,018 $102,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • AG

    Seller's Agent in 2021

    Alvin Grant

    Tropical Trails Realty

    (561) 310-6713

    1 in this area

    4 Total Sales

    Alvin Grant
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10722233

BeachesMLS (Greater Fort Lauderdale)

APN: 74-43-43-21-06-011-0080

Florida Palm Beach County West Palm Beach 33401 Downtown West Palm Beach

711 5th St Unit 1, West Palm Beach, FL

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 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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