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3940 N Flagler Drive #303, West Palm Beach, FL 33407

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3940 N Flagler Drive #303,West Palm Beach, FL 33407
$799,000
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  • 2 Beds
  • 3 Baths
  • 1,980 sq. ft.
  • Condominium
  • Active
Listed by: justin charles keller pa, alyse keller
Office: compass florida llc.
MLS#:R11131275
Source:RMLS

Price summary

  • Price:$799,000
  • Price per sq. ft.:$403.54
  • Monthly HOA dues:$1,643

About this home

Immediate income, long-term upside! This waterfront condo delivers a 5% cap rate with strong tenants in place paying $6,500/month through the end of March 2026, offering dependable cash flow from day one! Located in one of West Palm Beach's most rapidly evolving neighborhoods, this income-producing, turnkey residence offers both short-term return and the opportunity to capitalize on a wave of redevelopment that's already reshaping the North Flagler corridor. The surrounding area is on the cusp of explosive transformation, and savvy investors are already taking notice. Florida's premier homebuilder, GL Homes, has acquired nearly 100 parcels immediately surrounding Flagler Landing with plans to develop a new enclave of single-family luxury homes, while a large-scale waterfront expansion project is planned the adjacent Safe Harbor Rybovich Marina featuring new residential towers, dining, and public boardwalks. Multiple high-rise condo projects by Related and other prominent developers

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Home facts

  • Year built:2007
  • Listing ID #:R11131275
  • Added:112 day(s) ago
  • Updated:January 31, 2026 at 04:47 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:3
  • Full bathrooms:2
  • Half bathrooms:1
  • Living area:1,980 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans, Central Air, Electric
  • Heating:Central, Electric

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:2007
  • Building area:1,980 sq. ft.

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$799,000
  • Price per sq. ft.:$403.54
  • Tax amount:$12,070 (2024)
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