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. 

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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.


Total Expenses


$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




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Meyer Lucas Real Estate | Compass

50 S US Highway 1, Suite 120  Jupiter, Florida 33477

Tel 561-631-0920  |   info@meyerlucas.com

© 2019 .  Meyer Lucas Real Estate LLC

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