Grandview Gardens (To Be Redeveloped)
This nine-bedroom estate is nestled in a tropical garden on Howard Park across from the West Palm Beach Armory Art Center and 15 min walking distance to restaurants and downtown. The 1925 landmarked property has been carefully restored to reflect the original Spanish Mediterranean architecture inspired by many famous architects in South Florida over the last century. This boutique hotel will be redeveloped into a short-term rental with 11 rooms and a two-bedroom cottage available for entire property buyouts for corporate retreats, wellness retreats, etc.
Development Play: Boutique Hotel Redevelopment
Asset Strategy: Value-Add
Size: 3 Short-Term Rental Units - Main Estate (9-bedroom, 8-bathrooms), Coco Cottage (2-bedroom, 1-bathroom), Poet’s Cabin (1-bedroom, 1-bathroom)
Seasonality: Winter
Experience: Social