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723 Penn Street, West Palm Beach FL 33401

House Recently Sold
$1,680,000

BTC: 20.24096386

ETH: 690.78947368

Sold on: 2025-12-30
31 days
3 bds
3 ba
1,339 sqft

Overview

This charming property is located in the heart of the Grandview Heights historical district. Between 2018 and 2020 it was completely renovated to a condition that is equivalent to new construction. Main house is 1,121sf 2-Bedroom, 2-Bath with back deck overlooking in-ground pool area. The Pool House is a 224sf studio apartment with full bath & laundry. 100% new build. Grand Total Structure is 1,345sf. Currently operated as a very successful short term rental with bookings in place. Notice to show. Sold TURN-KEY Professional Engineer and Licensed Building Contractor.Between 2018 and 2020 the house was completely renovated to a condition that is equivalent to new construction. The 1920's house was gutted inside, all existing framing exposed and tied down with hurricane straps. All new reinforced concrete footers were installed on each side and down the center with a new center support wall, a concrete stub wall in the rear addition, and anchoring was completed from roof to footers with reinforced timbers and strapping. An all new roof system was installed and the house was fitted with new hurricane rated impact windows and doors. All new electric (panel and wires), plumbing, mechanical, HVAC systems were installed. A new concrete block pool house was built on a new slab. All utilities were routed underground so the house has no aboveground wires or connections. All work was performed with historic approval and building permits and signed off by a Professional Engineer and Architect.

Location

Details

Type:
Residential
Parking:
2 Or More Spaces / Guest / Open / On Street
Year Built:
1935
Lot:
0.12 Acres
Heating:
Central / Electric
Price/sqft:
$1,341
Cooling:
Ceiling Fan(s) / Central Air / Electric
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$862,000
$650K – $1.8M
Confidence Low
List vs. estimate
$933K above estimate
List $1,795,000 · +108.2%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,340
+247.2% vs. city median $386
Based on
12 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $1.2M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$17,955
2025
Pool
Heated
View
Garden, Pool
Furnished
Furnished,Furniture Only
Pets
Allowed
All facts and features
  • Flooring

    • Ceramic Floor

    • Wood

    Heating

    • Central

    • Electric

    Cooling

    • Ceiling Fan(s)

    • Central Air

    • Electric

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Free-Standing Freezer

    • Ice Maker

    • Microwave

    • Electric Range

    • Refrigerator

    • Washer

    Other interior features

    • Entrance Foyer

    • Split Bedroom

    • Florida Room

    • Great Room

    • Other

    • Storage

    • Studio Apartment

    • Utility Room/Laundry

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 3

  • Parking

    • 2 Or More Spaces

    • Guest

    • Open

    • On Street

    Property

    • Levels: 1

    • Pool Private: Yes

    • Exterior Features: West Of Us1

    Lot

    • Lot: 0.12 Acres

    Other Property Information

    • Parcel Number: 74434328050002650

    • Zoning: SF14-2 HISTORIC

  • 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: $17,955

  • Source details

    • MLS ID: R11139408

    Other facts

    • Construction Materials: Frame / Frame With Stucco

    • Laundry Features: Laundry Room / Utility Room/Laundry

    • Lot Features: Interior Lot / West Of US 1 / Fenced / Sidewalk

    • Patio And Porch Features: Patio

    • Pool Features: Heated

    • Window Features: Complete Impact Glass / Blinds / Verticals

    • Direction Faces: South

    • Other Structures: Livable

    • Living Area: 1339

    • Water Source: Public

    • Lot Size Dimensions: 50x104

    • Subdivision Name: GRANDVIEW HEIGHTS

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: Douglas Elliman