PENDING
$30K PRICE DROP
511 Silver Beach Rd West Palm Beach, FL 33403
Estimated payment $2,492/month
Total Views
6,452
--
Bed
--
Bath
992
Sq Ft
$423
Price per Sq Ft
Highlights
- Corner Lot
- Ceramic Tile Flooring
- Central Heating and Cooling System
About This Home
Attention savvy investors and homebuyers! We are excited to present an incredible opportunity to own a two-unit duplex nestled in a prime rental location, being sold AS IS. This unique investment package includes Unit 511, a spacious 2-bedroom, 1-bath residence with a bonus room and laundry facilities, and Unit 515, a cozy 1-bedroom, 1-bath unit with potential for expansion to increase rental income. You can live on one side and earn rental income from the other side. Each unit is separately listed in the County tax rolls. Sold as a Package Deal - Two-in-One Investment! Respect the privacy of the current tenants! Both units are currently occupied, and we kindly request that you refrain from disturbing the tenants during the sale process. Call Agent Today for info!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,777
Year Built
- Built in 1966
Lot Details
- Corner Lot
Home Design
- Duplex
- Concrete Roof
Interior Spaces
- 992 Sq Ft Home
- 1-Story Property
- Ceramic Tile Flooring
Schools
- Lake Park Elementary School
- Howell L. Watkins Middle School
- Palm Beach Gardens High School
Utilities
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 56434228430000010
Community Details
Overview
- 2 Units
- Silver Beach East Village Subdivision
Building Details
- Operating Expense $10,000
- Net Operating Income $18,900
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,193 | $244,195 | -- | -- |
| 2023 | $6,632 | $221,995 | $0 | $0 |
| 2022 | $5,976 | $201,814 | $0 | $0 |
| 2021 | $5,023 | $183,467 | $56,100 | $127,367 |
| 2020 | $5,061 | $184,402 | $68,850 | $115,552 |
| 2019 | $5,067 | $184,402 | $68,850 | $115,552 |
| 2018 | $3,330 | $127,951 | $48,907 | $79,044 |
| 2017 | $3,221 | $119,118 | $43,667 | $75,451 |
| 2016 | $3,021 | $87,086 | $0 | $0 |
| 2015 | $2,827 | $79,169 | $0 | $0 |
| 2014 | $2,608 | $71,972 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/12/2025 03/12/25 | Pending | -- | -- | -- |
| 03/05/2025 03/05/25 | Off Market | $419,900 | -- | -- |
| 02/11/2025 02/11/25 | Rented | $1,700 | 0.0% | -- |
| 01/15/2025 01/15/25 | For Rent | $1,700 | 0.0% | -- |
| 04/02/2024 04/02/24 | Pending | -- | -- | -- |
| 03/06/2024 03/06/24 | Price Changed | $419,900 | -6.7% | $423 / Sq Ft |
| 01/30/2024 01/30/24 | For Sale | $449,900 | 0.0% | $454 / Sq Ft |
| 11/02/2018 11/02/18 | For Rent | $1,200 | +9.1% | -- |
| 11/02/2018 11/02/18 | Rented | $1,100 | 0.0% | -- |
| 06/20/2018 06/20/18 | Sold | $145,000 | -17.1% | $88 / Sq Ft |
| 05/21/2018 05/21/18 | Pending | -- | -- | -- |
| 05/16/2018 05/16/18 | For Sale | $175,000 | -- | $106 / Sq Ft |
Source: BeachesMLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $150,000 | Attorney | |
| Warranty Deed | $145,000 | Attorney |
Source: Public Records
Similar Homes in West Palm Beach, FL
Source: BeachesMLS
MLS Number: R10954979
APN: 36-43-42-20-01-059-0410
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