Sold
Last Sold Price
3 beds2 baths992 sqft
511 Silver Beach Rd, West Palm Beach, FL 33403
Multi FamilyProperty Type
1966Year Built
$393/sq ftPrice per sq ft

Description

Attention savvy investors and homebuyers! We are excited to present an incredible opportunity to own a two-unit duplex nestled in a prime rental location, being sold AS IS. This unique investment package includes Unit 511, a spacious 2-bedroom, 1-bath residence with a bonus room and laundry facilities, and Unit 515, a cozy 1-bedroom, 1-bath unit with potential for expansion to increase rental income. You can live on one side and earn rental income from the other side. Each unit is separately listed...Attention savvy investors and homebuyers! We are excited to present an incredible opportunity to own a two-unit duplex nestled in a prime rental location, being sold AS IS. This unique investment package includes Unit 511, a spacious 2-bedroom, 1-bath residence with a bonus room and laundry facilities, and Unit 515, a cozy 1-bedroom, 1-bath unit with potential for expansion to increase rental income. You can live on one side and earn rental income from the other side. Each unit is separately listed in the County tax rolls. Sold as a Package Deal - Two-in-One Investment! Respect the privacy of the current tenants! Both units are currently occupied, and we kindly request that you refrain from disturbing the tenants during the sale process. Call Agent Today for info!
  • Listed by: Tracey L Graham 561.351.0106 tgrealtor.ure@gmail.com Brokerage DRE #1049798 • Premier Brokers International
Listing closed: 04/12/2024 12:00 AM • Source: Beaches MLS, MLS#: R10954979

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Location

Listing Courtesy of Premier Brokers International

Sold By United Realty Group Inc

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Payment Calculator

$2,230 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,082

Property Taxes

$148

HOA Dues

$0

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Property Information for 511 Silver Beach Road

Property Details
  • Taxes: $1,777 / year
  • MLS Type: Residential Income / Duplex
  • Furnished: Unfurnished
  • Waterfront Details: None
  • Style: No Pool/No Water
  • Year Built Numeric: 1966
  • Design: Duplex
  • Subdivision: SILVER BEACH EAST VILLAGE CONDO
Building Information
  • Stories: 1
  • Year Built: 1966
Summary
Location and General Information
  • Area: 5280
  • City and Location Text: Riviera Beach
  • County Land Code: Palm Beach County
  • County Or Parish: Palm Beach County
  • Geo Lat: 26.792707
  • Information Available: None
  • MLS Area: 5280
  • MLS Sub Area: PB26, Palm Beach 5270; 5280; 5290
  • Postal Code: 33403
  • State: FL
  • Street #: 511
  • Subdivision Complex Bldg: Silver Beach East Village Condominium, SILVER BEACH EAST VILLAGE CONDO
  • Complex Name: Silver Beach East Village Condominium, SILVER BEACH EAST VILLAGE CONDO
  • Water Access: None
  • Zoning: RD-15 MULTI-FAM
Taxes and HOA Information
  • Association Fee: $0
  • Legal Desc: SILVER BEACH EAST VILLAGE CONDOMINIUM DWELLING UNIT 1-A IN OR1386P329 & UNIT 1-B IN OR1397P582
  • Parcel ID: 56434228430000010
  • Tax Information: City/County
  • Tax Year: 2023
  • Taxes: $1,777
  • Senior Community: No
School Information
  • Elementary School: Lincoln
  • High School: Palm Beach Gardens
  • Middle School: John F. Kennedy (Palm Beach)
  • Senior High School: Palm Beach Gardens
Property
Lot Information
  • Approx Sqft Total Area: 1052
  • Lot Description: Corner Lot
  • Property Condition: Resale
  • Special Info: Sold As-Is
  • Sq Ft: 1052
  • Sq Ft Liv Area: 992.0
  • Sq Ft Total: 1,052
  • Type of Building: Duplex
  • Property Type: Residential Income, Duplex
Property and Assessments
  • Avail Docs: None
  • Construction Type: Duplex, Concrete, Wood Truss/Rafter, Resale, Stucco
  • Development: Silver Beach East Village Condominium
  • Development Name: Silver Beach East Village Condominium
  • Document Count: 0
  • Legal Description: SILVER BEACH EAST VILLAGE CONDOMINIUM DWELLING UNIT 1-A IN OR1386P329 & UNIT 1-B IN OR1397P582
  • Special Assessment: No
  • Type: Duplex
  • Year Built Description: 1966
Utilities
  • Cable Available: Yes
  • Electric Service: True
  • On Site Utilities: Cable Available, Sewer Available, Water Available
  • Separate Elec Meters: Yes
  • Separate Meter: Yes
  • Separate Wtr Meters: Yes
  • Sewer Description: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
Interior and Exterior Features
Exterior Features
  • Balcony Porch/Patio: No
  • Construction: Stucco
  • Exterior Features: None
  • Gated Community YN: No
  • Guest Accommodations: No
  • Roof: Concrete, Wood Truss/Rafter
  • Roof Description: Concrete, Wood Truss/Rafter
  • Structure Type: Duplex
  • Subdiv Amenities: None
  • Storm Protection Details: None
Interior Features
  • Baths Total: 2
  • Column Description: Stucco
  • Cooling: Central Air, Electric
  • Flooring: Ceramic Tile
  • Heating: Central, Electric
  • Heating Description: Central, Electric
  • Num Floors: 1
  • Numof Units: 2
Multi Family
Multi Family Information
  • Number of Stories: 1.0
  • Unit Count: 2
Income & Expenses
  • Income & Expenses: Annual Net Oper Inc: $18,900.00
  • Income & Expenses: Annual Total Expense: $10,000.00
  • Income & Expenses: Gross Operating Inc: $.00
  • Exp Incl Pool Service: No
  • Expense Amount: $10,000
  • Gross Operating Income: $18,900
  • Gross Rent Income: $0
  • Monthly Income: $0
  • Source of Expenses: Owner Provided
Unit Information
Unit 1
  • Appliances: Refrigerator, Range
  • Other Equipment: Air Conditioning Unit, Washer/Dryer Hookups
  • Parking Features: Parking Space
  • Rooms: Kitchen, Utility Room
  • Actual Rent: $875.00
  • Baths Full: 1
  • Beds Total: 2
  • Furnished: Unfurnished
  • SqFt: 992.0
Unit 2
  • Appliances: Range, Refrigerator
  • Other Equipment: Air Conditioning Unit
  • Rooms: Kitchen
  • Actual Rent: $700.00
  • Baths Full: 1
  • Beds Total: 1
  • Furnished: Unfurnished
  • SqFt: 882.0
Rental
Rental Information
  • DXORIGMLNO: RML
  • Pets on Premises: No
  • Pets On Premises YN: No
  • Possession Information: Negotiable
  • Rental Price/SqFt: $423.29
  • Tenant Pays: Cable TV, Electricity

Property History for 511 Silver Beach Road

DateEvent & SourcePriceAppreciation
Apr 12, 2024

Sold

Beaches MLS #R10954979

$390,000—
Mar 21, 2024

Pending

Beaches MLS #R10954979

—
Jan 30, 2024

Listed (Active)

Beaches MLS #R10954979

$449,900—
DateEvent & SourcePrice
04/12/2024

Sold

Beaches MLS #R10954979

$390,000
03/21/2024

Pending

Beaches MLS #R10954979

—
01/30/2024

Listed (Active)

Beaches MLS #R10954979

$449,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 511 Silver Beach Road

Taxable ValueLand$133,293Additions$164,375Total$297,668
Tax Record2025$7,791 ($649 / month)
Home Facts
Baths2Total Finished SqFt1,650 SqFtAbove Grade Finished SqFt1,650 SqFtStories1Lot Size10,154 SqFtStyleDuplexYear Built1959Year Renovated1964ZoningR2CountyPALM BEACHAPN36-43-42-20-01-059-0410

Schools near 511 Silver Beach Road

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Lake Park Elementary School
PublicPK to 5

Howell L. Watkins Middle School
Public6 to 8

Palm Beach Gardens High School
Public9 to 12

Inlet Grove Community High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Premier Brokers International

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.