305-609-4190
228 Rutland Boulevard, West Palm Beach FL 33405
Active Single Family Residence

228 Rutland Boulevard, West Palm Beach FL 33405

West Palm Beach, FL, 33405

$5,750,000

Est. $29,075/mo (20% down)

4
Beds
4.5
Baths
4,365
Sq Ft
2026
Year Built
—
Lot Sq Ft
2
Garage

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About This Property

Set on a quiet cul-de-sac street in West Palm Beach's coveted South of Southern neighborhood, 228 Rutland Boulevard is an exceptional new residence by PRPS Development, pairing thoughtful design and elevated craftsmanship with remarkable attention to detail. The home offers four bedrooms, four full bathrooms, and a powder room across 4,365 square feet of air-conditioned living space and 5,760 total square feet. Every finish has been carefully considered, with a refined palette of natural materials including hardwood flooring, honed marble, custom millwork, Thermador appliances, and high ceilings throughout. Expansive 10-foot sliding doors bring in abundant natural light. Designed around effortless indoor-outdoor living, the home features two distinct outdoor living areas that create multiple settings for dining, entertaining, and relaxing. The rear living spaces open to a landscaped yard and heated saltwater pool with spa, allowing the interior and exterior spaces to flow together naturally and making the home especially well-suited to year-round Florida living. The property also benefits from an easement providing pedestrian access to South Flagler Drive, offering a direct connection to one of the neighborhood's most scenic walking and biking routes along the Intracoastal. Ideally located just minutes from Palm Beach, Worth Avenue, Palm Beach International Airport, downtown West Palm Beach, and many of the area's best restaurants and amenities, 228 Rutland Boulevard is distinctive in both design and execution, with a level of craftsmanship and finish that sets it apart from typical spec construction.

Property Details

MLS #

B26088230

Status

Active

Property Type

Residential

Sub Type

Single Family Residence

Year Built

2026

Stories

2

Pool

Yes

Waterfront

No

Price / Sq Ft

$1,317

HOA Fee

None

Est. Insurance

$1,917/mo

Tax Year

2026

Tax Amount

$21,923

Garage

2 Car

Lot Size

—

MLS Area

Lake Place

Subdivision

LAKE PLACE

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Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$40,250
Est. Monthly Rent
1.2%
Cap Rate
5.8%
Cash-on-Cash
$67,252
Net Operating Income

ROI Projections (4% Annual Appreciation)

138%
5-Year ROI
Value: $6,995,754
299%
10-Year ROI
Value: $8,511,405
488%
15-Year ROI
Value: $10,355,425

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

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