Remote Investment: West Palm Beach Pinewood Park Neighborhood

[James D. Beaty]

Hi Everyone,

   I am thinking about making an investment in the West Palm Beach neighborhood of  Pinewood Park (between 59th and 45 st).  Personally, I have not been to the neighborhood but have received information from my realtor and family members that the neighborhood is OK.  From what I know I would categorize the neighborhood as class C, but what is throwing me off a little bit are the taxes.  For an 1800 sqft home the taxes are about $5k/ year.  This seems high to me but maybe it speaks to the fact that the neighborhood is turning around, or it could be the city needs more tax revenue.  

Would this be a good neighborhood for a rental property?  Any chance at appreciation for a buy and hold? 

Any thoughts or ideas from individuals who are familiar with the area would be much appreciated.

Thank you, 

James