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Grandview Gardens Bed and Breakfast of Palm Beach


West Palm Beach, FL   Offered for sale at $2,950,000
 

The Meyer Lucas Team at Compass presents: Once in a lifetime opportunity to own a historic, thriving and fully booked Bed and Breakfast in the heart of Palm Beach! The Grandview Gardens Bed & Breakfast is a renowned, profitable B&B with a shining reputation locally, nationally, and internationally. This historic property comes with a loyal client base, 100+ 5-star reviews across a multitude of third party hotel booking syndicates, and over 400 positive reviews on TripAdvisor. Enjoy full-capacity occupancy during high season, and 86% occupancy during off season. Coco Palm Cottage (734 Palm Street) is included in list price, in addition to the main residence, offering 12 rentable suites. Property can also be purchased as a single family residence.
IMAGINE owning a historic Palm Beach estate, so charming, unique and rich with history that visitors have described it as ''the Secret Garden of the Palm Beaches'' and ''Enchanting from the moment you step foot on the property''. This property exists and it is FOR SALE! Introducing: THE GRANDVIEW ESTATE of PALM BEACH. Situated on a sweeping corner lot in the highly sought after and historic neighborhood of Grandview Heights lie this unique residence property. A once-in-a-lifetime real estate experience and opportunity in one of the most prime locations in South Florida!

THE MAIN RESIDENCE ("Grandview Gardens B & B"): Nestled back in a tropical garden setting on a beautiful tree lined street, this historically landmarked 1925 Mediterranean Revival has been carefully restored and transformed into one of the Palm Beach area's most unique, intimate resort/residences. The property boasts 8 bedrooms with en-suite bathrooms, a large gathering room, commercial grade kitchen, an office, and the perfect configuration for entertaining your guests -- paid guests or visitors.

The sprawling compound encompasses the entire end of a city block (4 full size lots) and is partly operated as Grandview Gardens Bed & Breakfast, one of the leading bed & breakfast resorts in Florida as featured by the New York Times, Washington Post and numerous national and international publications. The B & B guest rooms all have outside private entrances and the separate 800 sq ft innkeeper apartment offers privacy for all.
Lush, tropical gardens and a quaint winding path leads guests to the romantic picturesque entrance of the Bed & Breakfast. Upon entering the estate be prepared to be swept away by the vaulted foyer/living room exuding historical charm through the pecky cypress finishes and the focal coral stone fireplace. The formal dining space and breakfast loggia showcase the continuation of Spanish Mediterranean influences throughout the home. The wood and teracotta floors and arched doorways flowing throughout the estate are some examples of the periodic architectural details prevalent in the home.
The owners' residence at Grandview Gardens offers 3 bedrooms, office and owners' apartment including a breakfast area and kitchen.

Stepping out onto the pool deck one is surrounded by gorgeous bougainvillea adorning the walls of 6 apartments.

Each guest room is uniquely appointed with beautiful flare and are all ensuite.

The resort has many return visitors seeking the tranquility, beauty, and ambiance of The Grandview Estate, ensuring rooms are full year after year.

There are laundry facilities and a two car garage with plenty of parking on the quiet street.

The lush backyard offers the ultimate relaxation for homeowner and guests alike. The outdoor space is surrounded by large tropical gardens. After dipping in the refreshing pool guests can rinse off in the outdoor showers.
Supremely unique, this property offers a gorgeously appointed home residence with rental apartments around the property. Whether a residence or a rental property; or both; you can rest assured the net incomes are very strong and net cash positive year round. Located along Howard Park in Grandview Heights, one of West Pal



Property Details
  • 11 Guest Rooms
  • 12 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1924
  • Opened in 2004
  • Building is 7,784 SQFT
  • Lot is 0.5 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $2,950,000
  • Occupancy Rate: 99% in-season, 86% off-season
  • Annual revenue is $490,000
  • Terms: Please contact the Meyer Lucas team for full financial information. hello@meyerlucas.com or call 561-406-5228.
  • Prequalify for Inn Financing on this property
Contact Information