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705 Colonial Road, West Palm Beach FL 33405

House Recently Sold
$710,000

BTC: 8.49079168

ETH: 291.94078947

Sold on: 2026-03-20
18 days
2 bds
2 ba
1,568 sqft

Overview

A Boutique Oasis in the Heart of West Palm Beach. Fully renovated from top to bottom, this distinctive West Palm Beach residence offers a rare blend of boutique-style charm, artistic design, and resort-inspired living in a highly walkable location. Currently operating as a very successful Airbnb and on other short-term rental platforms as''The Lili Pad'' offers strong income potential while remaining move-in ready. The property features a private pool and lush, fully fenced backyard, creating a tranquil outdoor retreat ideal for relaxing, entertaining, or enjoying the Florida sunshine. Inside, curated artistic interiors and vintage-inspired elements add warmth and character throughout. The living room is highlighted by a striking lily pad mural, while a bright Florida room/sunroom provides flexible space for a home office, sitting area, or creative studio. An open dining area with built-in seating and abundant natural light flows seamlessly into a fully renovated modern kitchen, offering both style and functionality. A converted open-air lounge enhances the indoor-outdoor living experience, perfect for entertaining or everyday enjoyment. Additional features include spa-inspired bathrooms, in-unit washer and dryer, and excellent indoor-outdoor flow. Ideally located near Clematis Street, Rosemary Square (CityPlace), the Norton Museum of Art, Palm Beach Zoo, Peanut Island, and more, this home presents a rare opportunity to purchase a fully renovated, character-rich property with both lifestyle appeal and income potential in one of South Florida's most vibrant coastal cities.

Location

Details

Type:
Residential
Parking:
1 Space / 2 Or More Spaces / Parking Garage
Year Built:
1928
Lot:
0.13 Acres
Heating:
Central / Electric
Price/sqft:
$494
Cooling:
Ceiling Fan(s) / Central Air / Electric
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,390,000
$725K – $5.9M
Confidence Low
List vs. estimate
$615K below estimate
List $775,000 · -44.2%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$494
+26.8% vs. city median $389
Based on
6 MLS comparables
+ 29 public-records sales within 0.5 mi
Median actual sale: $500K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$8,994
2025
Pool
Gunite
View
Garden, Pool
Garage
1 car garage
Furnished
Furnished,Furniture Only
Pets
Allowed
All facts and features
  • Flooring

    • Ceramic Floor

    • Vinyl

    • Wood

    Heating

    • Central

    • Electric

    Cooling

    • Ceiling Fan(s)

    • Central Air

    • Electric

    Appliances

    • Electric Water Heater

    • Dishwasher

    • Dryer

    • Microwave

    • Self Cleaning Oven

    • Wall Oven

    • Washer

    Other interior features

    • Split Bedroom

    • Volume Ceilings

    • Walk-In Closet(s)

    • Family Room

    • Florida Room

    • Storage

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • 1 Space

    • 2 Or More Spaces

    • Parking Garage

    Property

    • Levels: 1

    • Pool Private: Yes

    • Exterior Features: West Of Us1 / Outdoor Shower

    Lot

    • Lot: 0.13 Acres

    Other Property Information

    • Parcel Number: 74434409040001880

    • Zoning: SF7 - SINGLE-FA

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Connected

    • Sewer Connected

    • Water Connected

    • Cable Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $8,994

  • Source details

    • MLS ID: R11158993

    Other facts

    • Construction Materials: Frame / Frame With Stucco / Stucco

    • Fireplace Features: Decorative

    • Lot Features: Less Than 1/4 Acre Lot / Interior Lot / West Of US 1 / Sidewalk

    • Patio And Porch Features: Patio

    • Pool Features: Gunite / Heated

    • Window Features: Partial Impact Glass / Blinds / Verticals

    • Direction Faces: Southeast

    • Other Structures: Livable

    • Architectural Style: Garden Apartment / Other / Old Spanish / Split Level

    • Fireplace: Yes

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1568

    • Water Source: Public

    • Lot Size Dimensions: 50x110

    • Subdivision Name: HILLSIDE PARK

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Hampton Real Estate Group