129 S Flagler Promenade S, West Palm Beach, FL 33405 — MLS photo

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129 S Flagler Promenade S, West Palm Beach, FL 33405

Active · SingleFamilyResidence

$7,950,000

129 S Flagler Promenade S, West Palm Beach, FL 33405

Beds
4
Baths
4
Living area
4,065 sq ft
$ / sq ft
$1,956/sq ft
Year built
1986
Lot size
18,900 sq ft
HOA fee
—
Annual tax
—

About this property

Perfectly positioned in coveted SoSo, this 4 bedroom, 3.5 bath residence offers an exceptionally quiet setting on 18,900 SF of land + a fully renovated dock. The house was gutted in 2014 and includes a new roof, impact windows and doors, new kitchen and baths, added interior space and a salt water pool. The well-appointed chef's kitchen is equipped with premium Sub-Zero appliances. An inviting upper deck provides the perfect place to relax while overlooking the property. Set on an expansive lot which can be separated, the home offers the best of both worlds with immediate move-in-ready enjoyment or the flexibility to further reimagine and expand over time. The dock has been renovated with new electric, water, and planking. Enjoy a uniquely peaceful environment on a private street with only three homes and no through traffic—an exceptionally rare opportunity in one of the area's most desirable neighborhoods!

Property location

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129 S Flagler Promenade S, West Palm Beach, FL 33405

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Facts & features

Interior

Bedrooms
4
Bathrooms
4
Living area
4,065 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1986
Lot size
18,900 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Palm Beach
MLS listing ID
B26006538
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

-$28,650

Cap rate
1.4%
Net yield
1.4%
Cash-on-cash return
-15.4%
Gross yield
4.4%
Mortgage payment
$37,687/mo
Down payment
$1,987,500
Loan amount
$5,962,500
Annual NOI
$108,444

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