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1608 Lake Ave
West Palm Beach, FL 33401 West Palm Beach

$6,250,000 USD

Hotel For Sale  •  20,000 SF

Property Details

  • Property Type Hotel
  • Total Building Size 7,784 SF
  • Lot Size 0.47 AC
  • Building Class B
  • Year Built 1925
  • Zoning SF14-C2
33 Transit Score
84 Walk Score

Description

Discover one of the most storied residences in downtown West Palm Beach, Grandview Gardens. Originally built in 1925, this Mediterranean Revival estate embodies the architectural grace and tropical allure that define South Florida's golden era, offering a rare blend of historic pedigree, income potential, and modern livability. Set on over a half an acre within the Grandview Heights Historic District, the property spans more than 7,700 square feet across two distinct structures and the inclusion of 734 Palm Street further enhances this potential, offering additional lot depth and street access for future improvements or guest accommodations.

The main residence, nearly 5,000 square feet, features 6 bedrooms, 4.5 baths, and an abundance of old-world character, graceful archways, original hardwood and terracotta flooring, high pecky cypress ceilings, and elegant entertaining spaces that open seamlessly to the tropical gardens.


2 additional stand alone structures, totaling approximately 2,800 square feet, houses 5 private suites each with its own entrance, en-suite bath, and outdoor terrace. Perfect for visiting guests, multigenerational living, or continued use as a boutique bed and breakfast. Potential opportunity exists to add 5 additional rooms as permitted by the Bed & Breakfast license; however, this expansion is subject to city and historic board approval.

The estate is equipped with two full laundry rooms for guest and staff use, and on-site staff currently resides on the property and will convey with the sale, ensuring a seamless transition for continued operations or personal management.

The grounds evoke a private resort, surrounded by mature palms, stone pathways, an inviting inground pool and lush greenery, creating the perfect setting for outdoor entertaining and relaxation.

A two-car garage and additional off-street parking complete the property's exceptional functionality. Ideally located just five blocks from the Intracoastal Waterway and within walking distance to CityPlace, the Norton Museum, and the restaurants of downtown West Palm Beach, this residence blends historic charm with modern convenience.

Whether envisioned as a signature private estate, a multi-unit income property, or continuing with one of the highest-rated luxury lodging facilities in the state, 1608 Lake Avenue & 734 Palm St. stand as a once-in-a-generation opportunity and the largest landmarked estates in West Palm Beach's most desirable historic enclave.

Highlights

Prime Location / Desired Walkability
Loyal Client Base
Top rated Bed & Breakfast with 1000+ Reviews

Amenities

  • Balcony
  • Pool
  • High Speed Internet Access
  • Patio
  • Boutique/Lifestyle Hotel
  • Public Access Wifi
  • Fully-Equipped Kitchen

Public Transportation

Commuter RailDriveWalkDistance
West Palm Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 3 min 20 min 1.0 mi
Mangonia Park (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 12 min - 5.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
David Burck 561-655-4545 Compass Florida, LLC - Miami Beach
David Burck 561-655-4545 Compass Florida, LLC - Miami Beach