523 48th St

Description
An exceptional opportunity in the rapidly evolving Northwood Harbor Historic District—just moments from the waterfront, dining, and major hospitality developments including the announced Mandarin Oriental nearby and popular neighborhood destination La Marina. Offered at $635,000, this income-producing property spans 523, 525, and 521 48th Street and is currently configured as a functioning triplex (duplex + separate cottage/home)...NORTHWOOD HARBOR – HISTORIC DISTRICT OPPORTUNITY | TRIPLEX WITH UPSIDE
An exceptional opportunity in the rapidly evolving Northwood Harbor Historic District—just moments from the waterfront, dining, and major hospitality developments including the announced Mandarin Oriental nearby and popular neighborhood destination La Marina. Offered at $635,000, this income-producing property spans 523, 525, and 521 48th Street and is currently configured as a functioning triplex (duplex + separate cottage/home) with carport parking and strong rental readiness. KEY HIGHLIGHTS
• Fully functioning triplex with flexible configurations
• Immediate rental income potential (ready for tenants)
• Carport parking and multiple private entries
• Located in a designated historic district with growing value protection
• Steps from waterfront, dining, and lifestyle amenities
• Strong upside driven by neighborhood redevelopment and hospitality expansion
VALUE-ADD STRATEGY
• Convert front two units into a single-family residence
• Retain rear cottage as a separate income-producing rental
• Or maintain full triplex structure for maximum cash flow strategy
INVESTMENT APPEAL
This is a rare blend of current cash flow + future redevelopment upside in one of West Palm Beach’s most rapidly appreciating corridors. Ideal for:
• Investors seeking stabilized income
• End-users wanting a flexible live/work conversion
• Value-add repositioning plays in a high-growth district
Amenities
- Marina
- Carport Parking
- Cottage
Property Details for 523 48th Street
| Status | Active |
|---|---|
| MLS # | 11565549 |
| Days on Market | 33 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1948 |
| Lot Size | - |
| County | Palm Beach County |
Location
Building Information for 523 48th Street
Payment Calculator
$3,677 per month
30 year fixed, 6.36% Interest
$3,164
$513
$0
Property Information for 523 48th Street
- Garage Carsize: 0
- Year Built: 1948
- Quarter Baths: 0
- Halfbaths: 0
- Threequarterbaths: 0
- Fullbaths: 3
- Bedrooms: 3
Property History for 523 48th Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Apr 20, 2026 | Listed (Active) FIZBER #11565549 | $635,000 | — |
| Apr 3, 2026 | Sold Beaches MLS #R11080923 | $550,000 | — |
| Feb 12, 2026 | Pending Beaches MLS #R11080923 | — | |
| May 22, 2025 | Price Change Beaches MLS #R11080923 | $590,000 | — |
| Apr 12, 2025 | Listed (Active) Beaches MLS #R11080923 | $595,000 | — |
| Apr 2, 2025 | Sold (Public Record) Public Record #1882933229 | $425,000 | +15.2% / yr |
| Oct 26, 2010 | Sold (Public Record) Public Record #299363373 | $55,000 | -22.1% / yr |
| Mar 14, 2005 | Sold (Public Record) Public Record #154493410 | $224,000 | +79.3% / yr |
| Jun 15, 2004 | Sold (Public Record) Public Record #136593202 | $145,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 04/20/2026 | Listed (Active) FIZBER #11565549 | $635,000 |
| 04/03/2026 | Sold Beaches MLS #R11080923 | $550,000 |
| 02/12/2026 | Pending Beaches MLS #R11080923 | — |
| 05/22/2025 | Price Change Beaches MLS #R11080923 | $590,000 |
| 04/12/2025 | Listed (Active) Beaches MLS #R11080923 | $595,000 |
| 04/02/2025 | Sold (Public Record) Public Record #1882933229 | $425,000 +15.2% / yr |
| 10/26/2010 | Sold (Public Record) Public Record #299363373 | $55,000 -22.1% / yr |
| 03/14/2005 | Sold (Public Record) Public Record #154493410 | $224,000 +79.3% / yr |
| 06/15/2004 | Sold (Public Record) Public Record #136593202 | $145,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 523 48th Street
Schools near 523 48th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
Northmore Elementary School PublicPK to 5 | ||
John F. Kennedy Middle School Public6 to 8 | ||
Palm Beach Lakes High School Public9 to 12 | ||
Northboro Elementary School PublicPK to 5 |
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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
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.


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