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258 Granada Road, West Palm Beach, FL 33401

$3,975,000
Property Type: Residential Bedrooms: 5 Baths: 3.1 Square Footage: 3,210 Status: Active
Current Price: $3,975,000 List Date: 2/23/2024 Last Modified: 5/17/2024

Description

This meticulously restored historic residence, boasting 3,724 square feet of timeless elegance, comprises a 2,810 square foot main house with 5 bedrooms and 3.5 baths, complemented by an 850 square foot detached guest apartment and garage. Preserving the opulent charm of the 1920s, the home features impeccably maintained original details, now safeguarded by impact windows and doors. A spacious gourmet kitchen, adorned with bespoke cabinetry and quartz countertops, adjoins a luminous living room with soaring coved ceilings and an original fireplace. The den's striking black and white checked floor captivates, yet it's the dining room, crowned by a two-story atrium ceiling, that commands attention.

Supplements: Upstairs, panoramic vistas of the Intracoastal waterway enhance the allure, especially from the master suite's balcony. Marble accents grace the master bath, while ample closets grace the two additional bedrooms. A picturesque atrium, with pecky cypress ceiling and shuttered openings, imbues the second floor with a unique ambiance. An air-conditioned garage accommodates a guest apartment, featuring a full bath and kitchen. The backyard, reminiscent of a magazine spread, offers a covered loggia and a heated pool. Enclosed by walls, fencing, and electronic gates, this property epitomizes the grandeur of El Cid's showcase homes. For those interested in increasing their passive cashflow while residing elsewhere, this could be the perfect investment for you the main home can be rented for $13,000 per month, and the one-bedroom studio can fetch $1,750 per month. If that's not enticing enough, consider the Airbnb potential, which has the capacity to generate an additional $136,000 per year. What's more, the garage below the studio presents the opportunity for conversion into another unit, transforming this investment into a potential triplex. This property is truly a cash cow don't miss out on this incredible investment opportunity!

More Information MLS# RX-10959545

Contract Information

Listing Date: 2024-02-13 Status: Active Go Active Date: 2024-02-23 Original List Price: 4499000 Auction: No List Price: $3,975,000 Current Price: $3,975,000 List Price/SqFt: 1238.31 Comm/Non-Rep: 3% Comm/Buyer Agent: 3% Comm/Trans Brk: 3%

General Property Description

Type: Single Family Detached Governing Bodies: None Main Level Bedrooms: 1 Total Bedrooms: 5 Main Level Bathrooms: 1 Baths - Full: 3 Baths - Half: 1 Baths - Total: 3.1 Property Condition: Resale Year Built: 1925 SqFt - Total: 3674 SqFt - Living: 3210 SqFt Source: Tax Rolls Gated Community: No Garage Spaces: 1 Covered Spaces: 1 Homeowners Assoc: None Association Deposit: No Membership Fee Required: No Capital Contribution: No Directions: I-95 to Belvedere Road. Head East to S Olive Ave. Left on S Olive Ave. Turn right on to Granada Road. Home is on the right hand side. Subdivision: EL CID Legal Desc: EL CID LTS 21 & 22 BLK 9 Lot SqFt: 6247 Waterfront: No Front Exp: North Private Pool: Yes Pets Allowed: Yes Pets on Premises: No Total Floors/Stories: 2

Location, Tax & Legal

Area: 5440 Geo Area: PB20 Country: United States County: Palm Beach Parcel ID: 74434327210090210 Street #: 258 Street Name: Granada Street Suffix: Road State/Province: FL Zip Code: 33401 Zoning: SF14(c Tax Year: 2023 Taxes: 43555.4 Special Assessment: No Short Sale: No Short Sale A/U: N/A Short Sale Addendum: No REO: No HOPA: No Hopa Elementary School: Belvedere Elementary School Middle School: Conniston Middle School High School: Forest Hill Community High School Geo Lat: 26.693282 Geo Lon: -80.050873

Office/Member Info

DXORIGMLNO: RX-10959545 DXORIGMLSID: RML

Storm Protection

Impact Glass: Complete

Property Features

Design: Old Spanish; Spanish Construction: Frame; Stucco View: Garden; Intracoastal; Pool Waterfront Details: None Private Pool Description: Inground Lot Description: < 1/4 Acre Exterior Features: Cabana; Covered Balcony Interior Features: Ctdrl/Vault Ceilings; Decorative Fireplace; Entry Lvl Lvng Area; Fireplace(s); Kitchen Island; Sky Light(s); Split Bedroom; Walk-in Closet Porch/Patio/Balcony: Balcony; Patio Master Bedroom/Bath: Dual Sinks; Mstr Bdrm - Upstairs; Separate Shower Furnished: Unfurnished Rooms: Den/Office; Family; Garage Apartment; Great; Laundry-Inside; Laundry-Util/Closet; Maid/In-Law; Studio Bedroom Parking: Driveway; Garage - Detached; Street Subdiv. Amenities: Bike - Jog; Sidewalks Maintenance Fee Incl: None Restrict: None Security: TV Camera Membership: No Membership Avail Flooring: Ceramic Tile; Tile; Wood Floor Heating: Central Cooling: Central Equip/Appl Included: Dishwasher; Dryer; Range - Electric; Refrigerator; Washer Dining Area: Formal Roof: Barrel Terms Considered: Cash; Conventional Utilities: Public Sewer; Public Water Taxes: No Homestead Possession: At Closing; Funding Showing Instructions: Text Listing Agent

Room Information

Living Room Length: 12.00 Width: 13.00 Length: 12.00 Level: Main Width: 13.00 Kitchen Length: 12.00 Width: 11.00 Length: 12.00 Level: Main Width: 11.00 Master Bedroom Length: 17.00 Width: 11.00 Length: 17.00 Level: Upper Width: 11.00

Documents

Listing Office: Woyce Realty Investments & Consulting Inc.
Last Updated: May - 17 - 2024
258 Granada Road, West Palm Beach, FL 33401- MLS# RX-10959545
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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.

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