The GRANDVIEW ESTATE of Palm Beach is a privately held boutique bed & breakfast, multi-residence home, and event space located in the heart of West Palm Beach, in the esteemed Grandview Estates neighborhood.
Sitting on a large corner lot (just shy of an acre), this historic property features a resort style pool, roof top event space, and10 rentable bedrooms, each equipped with ensuite bathrooms.
Whether you are looking for an estate for your personal friends and family or a profitable business, The GRANDVIEW is equipped with the right fundamentals to make your goals a reality.
Ownership of this estate includes inheriting an impressive book of business, including repeat visitors to the property, bookings through 2021, a shining national reputation with over 50 5-star positive reviews from clientele, and the playbook from current owners on how to make it all work as a bed and breakfast!
Contact the Meyer Lucas Real Estate team at Compass for more information about this unique property, the specifics of the bed & breakfast business, and how the property can be tailored to your unique lifestyle.
2018 Financials for 1608 Lake Avenue (B&B) and 734 Palm St. (Coco Palm Cottage Vacation Home) together:
Total Gross Income Revenues*
$412,000 (B&B $372,000 + Coco $40,000)
*=not including sales and lodging taxes.
$205,000 (B&B $195,000 + Coco $10,000). Does not include Owner’s living expenses.
2018 Net Income
Estimated Cap Rate
Total Living Square Feet
B&B Rooms (additions around pool) 2,817
Common Areas (Main House downstairs incl. Garden Apt.) 1,718
Private Residence (Main House upstairs incl. office, + Jan’s Apt.) 2,893
Coco Palm Cottage 1,270
Total living sq feet 8,698