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535 28th St, West Palm Beach, Florida 33407
$
5500
Bedrooms
4
Utilities Included
Yes
Bathrooms
4
Furnished
Yes
Available to Lease on
ASAP
Property Type
Single Family
SQFT
2500
Key metrics
Rent
$
5500
Monthly Estimated Profit?
$
6608
Annual Estimated Profit?
$
79296
Acquisition Fee
$
3500
Security Deposit
$
5500
Average Daily Rate
$
554
Occupancy
75%
Annual Revenue
$
150,700
Key Features

Property Description:

This stunning Mediterranean-style home, built in 1923 and listed on the historic registry, offers a unique blend of Florida history and modern comfort. Featuring a 3-bedroom, 2.5-bathroom main home and a 1-bedroom, 1-bath guest cottage, this property is set on a beautifully landscaped lot with a private fenced backyard.

Located just 2 miles (approximately 5 minutes) from downtown West Palm Beach, this home is steps from Northwood Road's restaurants and shops, making it a prime location for those who enjoy both history and convenience.

Inside, you'll find gleaming mahogany floors, plaster walls, and an original coral fireplace, all lovingly preserved. The updated kitchen features stainless steel appliances and granite countertops, while the guest cottage includes a kitchenette, full bathroom, and in-unit washer/dryer.

The private backyard is perfect for entertaining, featuring a large wooden deck, a paver patio with a charming arbor, and evergreen turf.

This home is available furnished or unfurnished, with small pets allowed (non-refundable deposit required).

Features

Inside the Unit:

  • Laundry: Full-size washer/dryer in guest cottage
  • Kitchen Appliances Included: Stainless steel appliances, granite countertops
  • Air Conditioning / Heating Type: Central Air

STR-Friendly Amenities

  • Just 2 miles (5 minutes) from downtown West Palm Beach
  • Historic 1923 Mediterranean-style home with preserved original features
  • Guest cottage with kitchenette, full bath, and washer/dryer
  • Spacious backyard with a wooden deck, paver patio, and arbor
  • Partially furnished option available

Outdoor & Parking

  • Private fenced backyard with lush landscaping
  • Charming arbor and evergreen turf for year-round greenery

Rental Terms & Fees

  • Lease Length Options: 1 year+
  • Furnished/Unfurnished: Available per tenant’s preference
  • Small Pets: Allowed with a non-refundable security deposit
  • Utilities: Water, gas, and trash included in rent
  • Application Requirements: Serious and qualified applicants with strong rental history only

STR Regulations Summary:  

Status:
STR Friendly

View Regulations Here

West Palm Beach, Florida has implemented regulations for non-owner occupied short-term rentals (STRs). Here are the key points:

  1. Licensing: All STR operators must obtain a rental license from the City of West Palm Beach, Palm Beach County, and the State of Florida1.
  2. Tourist Development Tax (TDT): A 6% tax on total taxable rental receipts must be collected and remitted for short-term stays3.
  3. Business Tax Receipt (BTR): Property owners must secure a BTR for each rental property, which acts as a rental license and must be renewed annually3.
  4. Rental Tax Application: All rental units within the city must secure a rental tax application, available on the City's website1.
  5. Inspections: Properties may be subject to Code Compliance and Fire Inspections, especially if more than two units are under the same roof5.
  6. Minimum Stay: There is a 7-night minimum stay requirement in accordance with City of West Palm Beach ordinances1.
  7. Geographic Caps: The city has established a maximum percentage of short-term rentals that can be non-owner occupied1.
  8. Statewide Registry: As of 2024, all short-term rental hosts in Florida must register their properties with a new statewide database managed by the Department of Business and Professional Regulation3.
  9. Occupancy Limits: Florida state law sets a maximum overnight occupancy of two people per bedroom, plus two additional people in one common area3.
  10. Responsible Party: STRs must designate a person available 24/7 to handle complaints or emergencies3.

Property Location