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436 38th St N

west palm beach, FL 33407

$899,000

  • 4 BR
    3 BA
    approx. 1,479 SF

Interested? Let's Connect

Welcome to the heart of historic Northwood, one of West Palm Beach's fastest appreciating and most exciting neighborhoods. Whether you're searching for a profitable investment property, a luxurious seasonal residence, or a full-time home with income potential, this home delivers an opportunity that's becoming increasingly difficult to find. Currently operating as a successful Airbnb, this beautifully renovated compound blends timeless Old Florida charm with modern conveniences. The main residence has been thoughtfully updated while preserving the character that has made Northwood one of Palm Beach County's most sought-after historic communities. A newer 2024 roof provides peace of mind, while energy-efficient solar panels help offset utility costs. The solar system is financed through a PACE program, creating a unique opportunity for the new owner to benefit from renewable energy while assuming the existing financing. Current electric average is only $100 per month with rentals running. Adding to the property's versatility is a separate efficiency building, perfect for guests, extended family, a private office, artist studio, or additional income-producing accommodations. The flexible layout creates multiple possibilities for homeowners and investors alike. Location is everything, and this home places you in the center of West Palm Beach's remarkable transformation. Just minutes from the vibrant shops and restaurants of Northwood Village, the Intracoastal Waterway, Palm Beach Island, and downtown West Palm Beach, the property is also ideally positioned near the highly anticipated NORA District and billions of dollars of ongoing development reshaping the city. New luxury residences, Class A office space, world-class dining, and entertainment venues continue to elevate the area's appeal and long-term value. Whether you're looking to capitalize on the thriving short-term rental market, establish a personal retreat with guest accommodations, or invest in one of South Florida's most dynamic neighborhoods, this exceptional property offers location, flexibility, and lifestyle in one remarkable package. Opportunities to own a fully renovated, income-producing property with a separate guest dwelling in historic Northwood are rare. Welcome to your next investment and your next chapter in West Palm Beach.

Details

1,479 Sq Ft

6,000 Sq Ft Lot Size

single family home

$1,504 Monthly Tax

Built in 1940

MLS/Listing ID B26039421

1 Stories

Amenities & Features

Style - Mediterranean

Construction - CBS

Cooling - Central Air

Fenced

Natural Wood

Furnished

Furniture Only

Entrance Foyer

Separate Guest/In-Law Quarters

Maid/In-Law Quarters

Maid's Quarters

Lot - Fenced

Parking - Driveway

Parking - Paver Block

Patio

Dishwasher

Dryer

Washer

Barrel Roof

Partial Impact Glass

Partial Panel Shutters/Awnings

Public Sewer

Sewer

Public Water

Pets Allowed

Estimate my mortgage

TOTAL MONTHLY COST

$0

  • PRINCIPAL & INTEREST

    $0

  • PROPERTY TAXES

    $0

  • Common Charges

    $0

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