West Palm Beach Real Estate

Homes for Sale in West Palm Beach, FL Between $1,000,000 to $1,500,000

Welcome to your dedicated resource for Homes for Sale Between $1,000,000 to $1,500,000 in West Palm Beach, FL. This page is your live portal for listings that match the exact homes for sale you demand, filtering out irrelevant properties to save you time. As local West Palm Beach, FL agents, Dave Jones Realty specializes in the unique market dynamics of this area, offering insights into amenities, home values, and investment potential. Start exploring the properties currently available between $1,000,000 to $1,500,000 below, or contact a local agent to discuss the details that matters most to your search.

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All West Palm Beach, FL Homes for Sale Between $1,000,000 to $1,500,000

$1,150,000
3 Beds ⋅ 4 Baths ⋅ B26046349 MLS ⋅ Ibis Golf & Country Club BLDG.
Bright and spacious, this well-maintained home offers soaring ceilings, abundant natural light, and a desirable split floor plan with a dedicated office and three en-suite bedrooms. The open kitchen overlooks the family room and flows seamlessly to the covered lanai, freeform pool, and expansive brick paver patio. Private preserve views framed by lush tropical landscaping create a peaceful, serene backdrop with no rear neighbors. Recent updates include a new A/C (2024), water heater (2023), and a Roof Maxx roof treatment (2024). An exceptional opportunity to enjoy one of the community's most private settings while adding your own personal touches.

6490 Sparrow Hawk Drive, West Palm Beach
$1,150,000
B26022317 MLS
Excellent opportunity to acquire a well-maintained 6-unit multifamily property in South Florida. The property consists of three separate buildings on one parcel: a front triplex with two 1 bed/1 bath units and one 3 bed/1 bath unit, a rear duplex with two 2 bed/1 bath units, and a standalone 1 bed/1 bath cottage. Several units feature private fenced backyards, enhancing tenant appeal and retention. One of the 1 bed/1 bath units will be delivered vacant in June, allowing for immediate rental upside. Each unit has it's own electric meter. Current gross rents total $8,900 /month or $106,800/year. Rents are significantly below market, providing a strong value-add opportunity. Market rent estimates: 1 bed units $1,600-$1,750, 2 bed units $1,900-$2,000, and 3 bed units $2,500+. Pro forma gross income is approximately $133,200 annually. Lease terms and current rents: Unit A (1 bed/1 bath): $1,300/month - Month to Month at Will Unit B (1 bed/1 bath cottage): $1,300/month - Month to Month at Will Unit C (3 bed/1 bath): $1,500/month - Month to Month at Will Unit D (1 bed/1 bath): $1,350/month - Month to Month at Will Unit 3075 (2 bed/1 bath): $1,650/month - lease through 10/31/2026 Unit 3077 (2 bed/1 bath): $1,800/month - lease through 3/31/2027 All leases transitioning to month-to-month at expiration for added flexibility. Two on-site laundry machines are available for tenant use, generating additional passive income via refillable laundry card systems—no coin collection required. Property is in overall good condition with no major deferred maintenance. At the current income level, the property operates at a cap rate of approximately 5.3%. Based on market rents, the pro forma cap rate increases to approximately 6.9%+. This is an excellent opportunity to acquire a stabilized income-producing asset with immediate upside potential in a highly desirable rental market. Offered at $1,125,000 ($187,500 per unit). Rent role attached in MLS. Total monthly rent = $8,900/month Annualized = $8,900 × 12 = $106,800/year

3063 Floweva Street Unit A, West Palm Beach
$1,150,000
B26012540 MLS
Excellent income-producing 4-unit multifamily property in a rapidly growing Riviera Beach location. This fully renovated asset features a desirable unit mix of two 2-bedroom, 1-bath units and two 3-bedroom, 1-bath units, offering strong rental demand and attractive cash flow potential. The property includes a private parking lot and is ideally situated just minutes from Singer Island, pristine beaches, shopping, dining, and entertainment. This property benefits from its proximity to the transformative Riviera Beach redevelopment, one of the most anticipated mixed-use developments. Residents enjoy convenient access to new restaurants, retail, nightlife, and employment centers. The area is also near Riviera Beach's waterfront attractions and the broader West Palm Beach growth corridor.

2840 Avenue S, West Palm Beach
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