9 Via Parigi, Palm Beach, FL 33480 — MLS photo

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9 Via Parigi, Palm Beach, FL 33480

Active · SingleFamilyResidence

$29,500,000

9 Via Parigi, Palm Beach, FL 33480

Beds
8
Baths
9
Living area
8,596 sq ft
$ / sq ft
$3,432/sq ft
Year built
1924
Lot size
—
HOA fee
—
Annual tax
$14,640

About this property

Once in a lifetime opportunity to own a spectacular piece of iconic Palm Beach history designed by Addison Mizner. Six floors of mixed-use space includes a two-floor Penthouse, three additional separate apartments, retail space, and two car garage. Fabulous location in a picturesque Via of Worth Avenue. The stunning Penthouse includes three bedrooms, three baths, fireplaces, two balconies, den, and gorgeous golf course, ocean, and Intracoastal views. The first apartment includes three bedrooms and two full baths. The second apartment includes one bedroom, two full baths, den, and Juliette balcony. The third apartment includes one bedroom, one bath, oversized living and dining room, and balcony. The retail space also includes powder room, utility room, storage, and formal entry.

Property location

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9 Via Parigi, Palm Beach, FL 33480

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Facts & features

Interior

Bedrooms
8
Bathrooms
9
Living area
8,596 sq ft
Flooring
Hardwood, Other, Wood
Appliances
Dishwasher, Freezer, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Elevator
Furnished
Unfurnished

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1924
Stories
6
Architectural style
High Rise, Penthouse
Construction
Other
Pool
None
View
Golf Course, Intercoastal

Parking

Garage spaces
2
Covered spaces
3
Parking features
Garage, Two Or More Spaces

HOA, Community & Financials

Amenities
Elevators, None
Pets allowed
No
Annual tax
$14,640
Subdivision
ROYAL PARK ADD TO P B IN
County
Palm Beach
Days on market
379
MLS listing ID
R11128356
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

-$71,335

Cap rate
2.8%
Net yield
2.8%
Cash-on-cash return
-10.4%
Gross yield
3.9%
Mortgage payment
$139,845/mo
Down payment
$7,375,000
Loan amount
$22,125,000
Annual NOI
$822,118

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.