Prospect Park Real Estate & Homes for Sale
Prospect Park is located just south of downtown West Palm Beach and sits east of Dixie Highway, located within walking distance to beautiful Flagler Drive. The homes in this historic neighborhood are known for their large yards, Mediterranean architecture, and 1920’s charm.
The neighborhood is also known for Prospect Park, a centrally located park with a fountain and large fields of grass for reading, relaxing, or playing with the dog. As it is just minutes away from the hustle and bustle of downtown, the areas residents enjoy the proximity to nightlife of Rosemary Square as well as the dining experiences the area affords. It is also situated within minutes from Palm Beach Island, making trips to the beach or nearby Worth Avenue effortless. Prospect Park homes are typically in the upper $700’s yet can easily fetch upwards of $1.25M due to the desirability of the area.
Prospect Park Real Estate Trends
The area is one of the smaller geographic neighborhoods so home supplies are usually on the low end. This, coupled with the sought after architectural styles and large lots, make it an in-demand locale where buyers can expect to pay close to asking price.
2018 Real Estate Statistics (Information obtained from MLS)
Number of Properties Sold: Eleven (11) Single-Family Homes
Total Volume Sold: $10,370,000.00
Median List Price: $1,172,900.00
Median Sales Price: $942,727.00
Sales vs. List Price: 89%
Median Living Sq Ft: 2,418 sq ft (under A/C)
Median Sold Price Per Sq Ft: $373.78 per sq ft
Median Days on market: 142 Days