Interior
- Bedrooms
- 4
- Bathrooms
- 2
- Living area
- 1,232 sq ft
Active · SingleFamilyResidence
$6,000,000
256 Seminole Avenue, Palm Beach, FL 33480
- Beds
- 4
- Baths
- 2
- Living area
- 1,232 sq ft
- $ / sq ft
- $4,870/sq ft
- Year built
- 1925
- Lot size
- 5,798 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
Offered as-is; unique opportunity for R-C redevelopment on a great mid-town street. Can be combined with the adjacent property at 250 Seminole Ave for a double lot. Parcels are legally separated and can also be sold individually. Ability to purchase all 4 lots on the street: 219, 250, 256, & 264 Seminole. Incredible redevelopment potential with close proximity to the beach, bike trail, places of worship, restaurants, shopping, The Breakers, and convenient access on/off the north bridge.
Property location
Get Directions256 Seminole Avenue, Palm Beach, FL 33480
Loading property location…
Facts & features
Exterior & Structure
- Property type
- SingleFamilyResidence
- Year built
- 1925
- Lot size
- 5,798 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Palm Beach
- MLS listing ID
- R11121002
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$24,597
- Cap rate
- 0.8%
- Net yield
- 0.8%
- Cash-on-cash return
- -17.6%
- Gross yield
- 3.7%
- Mortgage payment
- $28,443/mo
- Down payment
- $1,500,000
- Loan amount
- $4,500,000
- Annual NOI
- $46,154
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.