Multifamily in Palm Beach, FL 33480Royal Park, 150 Australian Ave #B
OFF MARKET
$12,500,000
$2MBeds
5,031
SqFt$2,485
$/SqFtUltra Luxury MultifamilyProperty Type
1910Year Built
$2,485/SqFtPrice per sq ft
PatioExterior Features
Opportunity awaits at this large 10,000+ sq. ft. property ideally located In-Town on an ocean block of Palm Beach. Renovate the current structures, or tear down and build your dream home. Currently contains 7 total units; two quintessential Palm Beach cottages (one Landmarked) and a 5 unit Art Deco multifamily building containing one 2 bedroom unit, three 1 bedroom units, and one studio. Also offers 4+ off-street parking spaces. Highly coveted and timeless location situated just steps to Worth Avenue, the ocean, and the best shops and restaurants in the area.
Listing Courtesy Of: Douglas Elliman
Local Realty Services Provided By: Best of Luxury Realty
On Site: 899 DaysUpdated: 585 Days agoPage Views: 0
Features
MLS Number: R10991290
Bedrooms
Bathrooms
Exterior and Lot Features
- Exterior Features: Patio
Interior, Heating and Cooling
- Heating Description: None
- Cooling Description: WallWindowUnits
Building and Construction
- Floor Description: Hardwood,Wood
- Year Built: 1910
- Year Built Description: Resale
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2024-05-29T11:26:21.000-00:00
Taxes, Fees & More
- Taxes: 54024
- Total Units in Building: 2
Apples-to-Apples Comparables
Price History
Current
$12.5M
High
$13.9M
Low
$12.5M
Total Change
-10.1%Date
Event
Price
Change
Price Per
04/07/2025
Price Reduced
$12.5M
-3.1%$2,485 ft2
$26,744 m2
08/29/2024
Price Reduced
$12.9M
-7.19%$2,564 ft2
$27,600 m2
05/29/2024
Listed
$13.9M
$2,763 ft2
$29,740 m2
04/07/2025
$12.5M
Event
Price Reduced
Change
-3.1%Price Per
$2,485 ft2
$26,744 m2
08/29/2024
$12.9M
Event
Price Reduced
Change
-7.19%Price Per
$2,564 ft2
$27,600 m2
05/29/2024
$13.9M
Event
Listed
Price Per
$2,763 ft2
$29,740 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Michael Melear • Douglas Elliman • Buyer Agency Compensation .
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Community Snapshot
3 – 8 BR
Bedrooms
$12.3M – $29.5M
Price Tier
1,238 - 10,320
SqFt Range
1947
Year Build
2
Total Floors
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