Modern Living Group
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$1,575,000ACTIVE

2016 Joy-rene Lane, North Palm Beach, FL 33408

beds0baths3,775sq ft$417/ sq ft
THE RESIDENCE

About this home

Exceptional 5-unit coastal compound on a lush .30-acre corner lot, steps from the Intracoastal and 2 miles to world-class Juno & Jupiter beaches. This property offers rare versatility for investors, seasonal operators, or a multi-generational family. The unit mix features a premium 2-story, 1 bed, 1.5 bath, 1,000 SF main house with a private courtyard, plus three spacious 925 SF 2BR/1BA units and an efficiency with a Murphy bed. On-site laundry (2W/2D), private storage, and central AC throughout. Short-term rentals are legally permitted, offering significant value-add upside to reposition as a boutique hospitality asset. Prime location near the marina, dining, and shops. A rare opportunity to own a high-yield potential asset in a prestigious North Palm Beach/Juno location.

THE DETAILS

Property details

List Price$1,575,000
Price / Unit$393,750
Units4
Cap Rate3.04%
Gross Income$103,000/yr
Net Operating Income$47,833
Inside Sq Ft3,775
Year Built1973
ConstructionBlock
FlooringTile
ZoningRM-Multifamily
Property TypeQuadruplex
MLS #B26042234
StatusActive
Original List Price$1,575,000
GRM15.3
Tenant PaysOwner pays all utilities
Stories1
Show all details (6 more)
Lot Size0.29 acres
WaterfrontNo
Days on Market6
Annual Taxes$16,928
CityNorth Palm Beach
Zip Code33408
LOCATION

Where you'll live

Tyler Melik
FEATURED AGENT
Tyler Melik
North Palm Beach Specialist
Real Estate Specialist

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BeachesMLSListing courtesy of Dubin Realty, Inc · mark@dubinrealty.com. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc.