Search

1608 Lake Avenue, West Palm Beach, FL 33401

$6,250,000
Property Type: Comm/Industry Baths: 9.5 Square Footage: 7,784 Status: Active
Current Price: $6,250,000 Last Modified: 12/16/2025

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 three 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.

Supplements: 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.

More Information MLS# RX-11134484

Contract Information

Auction: No List Price/Bldg SqFt: 802.93 Status: Active Original List Price: 6250000 List Price: $6,250,000 Current Price: $6,250,000 Listing Date: 2025-10-22

General Property Description

For Sale: Yes For Lease: No Property Desc: GRANDVIEW HEIGHTS LT Acres: 0.6 Waterfront: No SqFt Source: Tax Rolls # of Stories: 2 Total Units: 10 % Air Conditioned: 100 Type: Hotel-Motel Subdivision: GRANDVIEW HEIGHTS Year Built: 1924 SqFt - Living: 7784 Baths - Total: 9.5

Location, Tax & Legal

Geo Area: PB20 Country: United States State/Province: FL Tax Year: 2024 Zoning: SF14-C2—HIST. S Real Estate Taxes: 52646 Area: 5430 County: Palm Beach Parcel ID: 74434328050002500 Street #: 1608 Street Name: Lake Street Suffix: Avenue Zip Code: 33401 Legal Desc: GRANDVIEW HEIGHTS LTS 250 TO 253 INC (LESS E 6 FT) & LTS 254 TO 257 INC GRANDVIEW HEIGHTS LTS 248 & 249 & E 6 FT OF Geo Lat: 26.699091 Geo Lon: -80.059838

Remarks & Misc

Directions: Exit I-95, Proceed east on Okeechobee Blvd. Proceed south on Parker Ave., Proceed east on Park Ave. Proceed north on Lake. Arrive at destination.

Office/Member Info

DXORIGMLNO: RX-11134484 DXORIGMLSID: RML

Location

City: 1

Type of Building

Hotel / Motel: 1

Sale Includes

Building and Land: 1 Equipment: 1 Fixtures: 1 Furniture: 1 License: 1 Signs: 1 Trade Name: 1

Avail Info

Full Financials: 1

Construction

Stucco: 1

Avail Docs

Occupational License: 1

Cooling

Ceiling Fan: 1 Central: 1 Wall-Win A/C: 1

Heating

Central Building: 1 Window/Wall: 1

Tenant Pays

None: 1

Use

Hotel/ Motel: 1

Flooring

Tile: 1

Utilities

Cable: 1 Electric: 1 Public Sewer: 1 Public Water: 1

Fire Protect

Smoke Detector: 1

Roof

Barrel: 1 Mixed: 1

Terms Considered

Cash: 1 Conventional: 1

Possession

Funding: 1

Showing Instructions

Text Listing Agent: 1

Lease

None: 1

Property Features

Use: Hotel/ Motel Type of Building: Hotel / Motel Construction: Stucco Sale Includes: Building and Land; Equipment; Fixtures; Furniture; License; Signs; Trade Name Avail Docs: Occupational License Avail Info: Full Financials Flooring: Tile Cooling: Ceiling Fan; Central; Wall-Win A/C Heating: Central Building; Window/Wall Fire Protect: Smoke Detector Tenant Pays: None Utilities: Cable; Electric; Public Sewer; Public Water Roof: Barrel; Mixed Terms Considered: Cash; Conventional Lease: None Possession: Funding Showing Instructions: Text Listing Agent
Listing Office: Compass Florida LLC
IDX
Last Updated: December - 16 - 2025
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.