Ownership

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. 

 
Show More

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

$207,000

Estimated Cap Rate

7%

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

            

 

 

<!-- Load Facebook SDK for JavaScript -->
<div id="fb-root"></div>
<script>(function(d, s, id) {
  var js, fjs = d.getElementsByTagName(s)[0];
  if (d.getElementById(id)) return;
  js = d.createElement(s); js.id = id;
  js.src = 'https://connect.facebook.net/en_US/sdk/xfbml.customerchat.js#xfbml=1&version=v2.12&autoLogAppEvents=1';
  fjs.parentNode.insertBefore(js, fjs);
}(document, 'script', 'facebook-jssdk'));</script>

<!-- Your customer chat code -->
<div class="fb-customerchat"
  attribution="setup_tool"
  page_id="830483497021859"
  theme_color="#0084ff"
  logged_in_greeting="Hi! How can we help you?"
  logged_out_greeting="Hi! How can we help you?">
</div>

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

  • White Facebook Icon
  • White Twitter Icon
  • White Instagram Icon