515 46th Street, West Palm Beach, FL 33407

• 5 beds |
• 3 baths |
• 2,343 sqft

Property Description

Set in the heart of West Palm Beach's historic Northwood district, this 1917 Key West-style estate sits on multiple lots just a block from the Intracoastal, with no HOA and room to expand. The main house is currently configured as two separate apartment units, plus a detached two-bedroom, one-bath apartment with its own private entrance and garage — three income-producing units in all. Alternatively, the property can be reunited into one grand single-family estate, with the detached apartment serving as a private mother-in-law suite or guest quarters. With multiple lots and no HOA restrictions, there's also potential to build an additional home on the property, making this a rare opportunity for investors, multigenerational families, or anyone looking to create a custom compound. You're steps from Osprey Park, Manatee Lagoon, and Rybovich Superyacht Marina, and minutes from downtown West Palm Beach, Rosemary Square, Clematis Street, and Palm Beach Island. This stretch near North Flagler is also ground zero for the city's luxury development boom, with the Ritz-Carlton Residences, Alba Palm Beach, Shorecrest, Olara West Palm Beach, the Mandarin Oriental Residences, and Apogee all rising nearby. That wave of investments is rapidly transforming the neighborhood into one of South Florida's most closely watched waterfront corridors. It's a rare opportunity to own a piece of Northwood's history right in the path of its next chapter.

Listing Status:

Active

Date Added:

July 13, 2026

Data Last Updated:

September 28, 2026 at 1:19PM

Listing Office:

Compass Florida LLC : 561-270-5384

Listing Agent:

Jonathan Santiago : 347-307-2166

MLS ID:

B26051836

Interior

• General: Built-in FeaturesSplit BedroomDen/Library/OfficeFamily RoomFlorida RoomGarage ApartmentGreat RoomStorageUtility Room/Laundry
• Appliances: Gas Water HeaterNatural Gas Water HeaterDishwasherDisposalDryerIce MakerGas RangeRefrigeratorWasher
• Laundry: Laundry RoomUtility Room/Laundry
• Flooring: Wood
• A/C: Central Air
• Heating: Central
• Fireplace: DecorativeFireplace

Exterior

• General: East Of Us1Room For PoolLivable
• Other Structures: Patio
• Parking: 2 Or More SpacesDetachedParking GarageParking spaces: 2

Construction

• Roofing: Comp Shingle RoofComposition RollShingle
• Windows: Single Hung Wood
• General: FrameFrame With StuccoStucco2

Location

• Road/Access: U.S. Hwy
• Originating MLS: Miami Association of REALTORS®
• County: Palm Beach County

Lot

• Zoning: SF7(ciNORTH PALM BEACH PL 1 LTS 30 TO 33 INC BLK 1974434304040190300
• Fencing: Fenced

Utilities

• Utilities: Cable ConnectedSewer ConnectedWater ConnectedCable AvailableSewer AvailableWater Available3 Phase ElectricElectricity on Property
• Water: Public
• Sewer: At SitePublic SewerOtherPublic SanitationSewer

Financial

• Source: Miami Association of REALTORS®