$12,500,000
$1M PRICE DROP

150 Australian Ave Palm Beach, FL 33480

Estimated payment $74,136/month

Total Views 16,094
-- Bed
-- Bath
5,031 Sq Ft
$2,485 Price per Sq Ft

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Palm Beach Public School Rated A-
  • Patio

About This Home

Opportunity awaits at this large 10,000+ sq. ft. property ideally located In-Town on an ocean block of Palm Beach. Renovate the current structures, or tear down and build your dream home. Currently contains 7 total units; two quintessential Palm Beach cottages (one Landmarked) and a 5 unit Art Deco multifamily building containing one 2 bedroom unit, three 1 bedroom units, and one studio. Also offers 4+ off-street parking spaces. Highly coveted and timeless location situated just steps to Worth Avenue, the ocean, and the best shops and restaurants in the area.

Listing Agent

Michael Melear

Douglas Elliman License #3259144

Douglas Elliman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $54,024

Year Built

  • Built in 1910

Lot Details

  • 10,001 Sq Ft Lot
  • Lot Dimensions are 75 x 125
  • Sprinkler System

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 5,031 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Outdoor Features

  • Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Cable TV Available

Community Details

  • 2 Units
  • Royal Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434323050080510

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$54,024

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Call LA
  • Year Built: 1910
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Hardwood, Wood
  • Living Area: 5031.0

Exterior Features

  • Exterior Features: Patio
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block, Frame
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Utilities: Cable Available, Electricity Available, Water Available

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 50434323050080510
  • Lot Size: 75 x 125
  • Lot Size Sq Ft: 10001.0
  • Zoning Description: R-B(ci
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 54024.0

Multi Family

  • Number Of Units Total: 2

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2025 04/08/25 Price Changed $12,500,000 0.0% $2,485 / Sq Ft
04/08/2025 04/08/25 Price Changed $12,500,000 0.0% $3,049 / Sq Ft
04/08/2025 04/08/25 Price Changed $12,500,000 -3.1% --
03/03/2025 03/03/25 For Sale $12,900,000 0.0% $2,564 / Sq Ft
03/01/2025 03/01/25 Off Market $12,900,000 -- --
09/03/2024 09/03/24 For Sale $12,900,000 0.0% --
09/02/2024 09/02/24 Off Market $12,900,000 -- --
08/30/2024 08/30/24 Price Changed $12,900,000 0.0% $2,564 / Sq Ft
08/30/2024 08/30/24 Price Changed $12,900,000 0.0% --
08/30/2024 08/30/24 Price Changed $12,900,000 -7.2% $3,146 / Sq Ft
05/29/2024 05/29/24 For Sale $13,900,000 0.0% $2,763 / Sq Ft
03/15/2024 03/15/24 Price Changed $13,900,000 0.0% --
03/15/2024 03/15/24 Price Changed $13,900,000 +23.6% $3,390 / Sq Ft
09/21/2023 09/21/23 Price Changed $11,250,000 0.0% --
09/21/2023 09/21/23 Price Changed $11,250,000 -5.5% $2,744 / Sq Ft
06/20/2023 06/20/23 For Sale $11,900,000 0.0% --
06/20/2023 06/20/23 For Sale $11,900,000 -- $2,902 / Sq Ft
Source: BeachesMLS

Source: BeachesMLS

MLS Number: R10991290

BeachesMLS

APN: 50-43-43-23-05-008-0510