235 Sunrise Avenue #2026, Palm Beach, FL 33480 — MLS photo

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235 Sunrise Avenue #2026, Palm Beach, FL 33480

Active · Condominium

$599,000

235 Sunrise Avenue #2026, Palm Beach, FL 33480

Beds
1
Baths
1
Living area
480 sq ft
$ / sq ft
$1,248/sq ft
Year built
1925
Lot size
—
HOA fee
$1,398 Monthly
Annual tax
$4,512

About this property

Turnkey condo-hotel opportunity at the iconic Palm Beach Hotel. This fully furnished 1 bedroom, 1 bathroom residence offers 480 square feet of efficient living space, brand-new impact glass windows, and all current special assessments fully paid—providing added value and peace of mind. With no rental restrictions, the unit features a documented rental history and allows for daily rentals (Airbnb) as well as longer-term leasing, making it an exceptional investment opportunity. Seller is willing to share existing Airbnb management information to assist with a smooth transition for investors seeking hands-off operations. Residents and guests enjoy a 24-hour manned front desk, valet parking, and on-site amenities including a full-service spa. Perfectly positioned in the heart of Palm Beach the building is within walking distance to Publix, charming cafés, a French bakery, and world-class destinations such as The Breakers, The Royal, Worth Avenue shopping, upscale dining, and cultural attractions. Whether you're seeking a high-performing investment, seasonal getaway, or hotel-style living in one of Palm Beach's most desirable locations, this turnkey condo delivers convenience, income potential, and classic Palm Beach appeal.

Property location

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235 Sunrise Avenue #2026, Palm Beach, FL 33480

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
480 sq ft
Appliances
Microwave, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Shower Only
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
1925
Construction
CBSConcrete Block Structure, Block
Pool
None, Association, Community

Parking

Garage spaces
0
Covered spaces
0

HOA, Community & Financials

Association fee
$1,398 Monthly
Amenities
Elevators, Pool
Security
Lobby Secured, Security System
Pets allowed
No
Annual tax
$4,512
Subdivision
PALM BEACH HOTEL CONDO
County
Palm Beach
Days on market
283
MLS listing ID
R11149425
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

-$2,703

Cap rate
0.3%
Net yield
0.3%
Cash-on-cash return
-19.3%
Gross yield
5.0%
Mortgage payment
$2,840/mo
Down payment
$149,750
Loan amount
$449,250
Annual NOI
$1,638

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