Description

8-unit CBS building consisting of two 1 bedroom/1 bath units and six studios. Only 1 block from the ocean. Amazing opportunity to own an income-producing property on the island!

Address

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Address: Array
City: Palm Beach
State/county: Palm Beach
Zip/Postal Code: Array
Area: Palm Beach

Details

Updated on September 4, 2026 at 12:49 am

Property ID Array
Price $7,500,000
Land Area 0.16 Sq Ft
Year Built 1943
Type Multi Family
Property Status Commercial Sale

Additional details

BuildingAreaSource Owner
BuildingAreaTotal 3720
BusinessType Other
CLIP 4617200311
CoListAgentAOR BeachesMLS
CoListAgentDirectPhone 561-315-9386
CoListAgentEmail danielle.mccarroll@elliman.com
CoListAgentFirstName Danielle
CoListAgentFullName Danielle M. McCarroll
CoListAgentKey 26871597
CoListAgentKeyNumeric 26871597
CoListAgentLastName McCarroll
CoListAgentMiddleName M.
CoListAgentMlsId 20013199
CoListAgentNationalAssociationId 276594762
CoListAgentOfficePhone 561-655-8600
CoListAgentPreferredPhone 561-315-9386
CoListAgentStateLicense 3227617
CoListOfficeAOR BeachesMLS
CoListOfficeEmail FLBroker@elliman.com
CoListOfficeKey 5928995
CoListOfficeKeyNumeric 5928995
CoListOfficeMlsId 802465
CoListOfficeName Douglas Elliman
CoListOfficePhone 561-655-8600
ConstructionMaterials Block
ContractStatusChangeDate 2024-10-16
Cooling Other
CumulativeDaysOnMarket 687
CurrentPrice 7500000
DaysOnMarket 687
DaysOnMarketReplication 687
DaysOnMarketReplicationDate 2026-09-03
DaysOnMarketReplicationIncreasingYN 1
DocumentsAvailable Ground Photo
DocumentsChangeTimestamp 2026-02-19T05:23:15.000-00:00
DocumentsCount 4
Electric 3 Phase
Flooring Other
Heating Other
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
Levels Two
ListAOR BeachesMLS
ListAgentAOR BeachesMLS
ListAgentDirectPhone 561-676-3824
ListAgentEmail Matthias.Fretz@Elliman.com
ListAgentFirstName Matthias
ListAgentFullName Matthias Jay Fretz
ListAgentKey 26761431
ListAgentKeyNumeric 26761431
ListAgentLastName Fretz
ListAgentMiddleName Jay
ListAgentMlsId 276532852
ListAgentNationalAssociationId 276532852
ListAgentOfficePhone 561-653-6100
ListAgentPreferredPhone 561-676-3824
ListAgentStateLicense 3283808
ListOfficeAOR BeachesMLS
ListOfficeEmail don.langdon@elliman.com
ListOfficeKey 5926171
ListOfficeKeyNumeric 5926171
ListOfficeMlsId 276540965
ListOfficeName Douglas Elliman Jupiter
ListOfficePhone 561-653-6100
ListingAgreement Exclusive Right To Sell
ListingContractDate 2024-10-16
ListingKeyNumeric 1117993949
ListingTerms Cash, Conventional
LotSizeArea 6969.6
MLSAreaMajor 5002
MLSAreaMinor PB30
MajorChangeTimestamp 2025-10-29T11:11:09.000-00:00
MajorChangeType Price Change
MapCoordinateSource Imported
MlsStatus Active
MobileDimUnits Feet
ModificationTimestamp 2026-09-04T00:00:17.327-00:00
NumberOfUnitsTotal 8
OnMarketDate 2024-10-16
OnMarketTimestamp 2024-10-16T00:00:00.000-00:00
OpenHouseModificationTimestamp 2026-09-03T19:40:54.080-00:00
OriginalEntryTimestamp 2024-10-16T11:07:44.000-00:00
OriginalListPrice 7100000
OriginatingSystemCoListAgentMemberKey 1266207
OriginatingSystemCoListOfficeKey 1154436
OriginatingSystemID M00000170
OriginatingSystemKey 195905546
OriginatingSystemListAgentMemberKey 1165892
OriginatingSystemListOfficeKey 1154435
OriginatingSystemModificationTimestamp 2026-09-03T19:40:54.080-00:00
OriginatingSystemName BEACH
OriginatingSystemSubName BEACH_BEACH
ParcelNumber 50434315080000011
Permission IDX
PhotosChangeTimestamp 2026-09-04T00:00:17.273-00:00
PhotosCount 49
Possession Close Of Escrow
PostalCity Palm Beach
PreviousListPrice 7100000
PriceChangeTimestamp 2025-10-29T11:11:09.000-00:00
PropertyCondition Resale
PropertySubTypeAdditional Multi Family
Roof Other
SecurityFeatures Smoke Detector(s)
Sewer Public Sewer
SourceSystemID TRESTLE
SourceSystemKey 1117993949
SourceSystemName flexmls
StateOrProvince FL
StatusChangeTimestamp 2024-10-16T11:07:44.000-00:00
Stories 2
StreetDirPrefix N
StreetName County
StreetNumber 172
StreetNumberNumeric 172
StreetSuffix Road
TaxAnnualAmount 33318
TaxLegalDescription BUNGALOW PARK ADD LT 1 (LESS E 10 FT NORTH COUNTY RD R/W) & ELY 6.55 FT OF LT 2
TaxYear 2024
TenantPays Electricity, Insurance
UniversalPropertyId US-12099-N-50434315080000011-R-N
Utilities Water Available
VideosChangeTimestamp 2026-09-04T00:00:17.273-00:00
VideosCount 0
Zoning C-TS(c