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Active Single Family Residence
$899,000
436 38th Street N, West Palm Beach FL 33407, West Palm Beach, FL 33407
4 Beds
Bedrooms
3 Baths
Bathrooms
1,479 sqft
Living Area
1940
Year Built

About This Property

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.

Property Details

Property Type Single Family Residence
Days on Market 33 days
HOA Fee None
Parking 2 spaces
Pool No
Waterfront No
Community NORTHWOOD ADD,NORTHWOOD
Pets Allowed Yes

Assigned Schools

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School Grades Report Card
Northmore
Elementary
PK–05
John F Kennedy
Middle
6–8
Palm Beach Lakes
High School
9–12

Source: County GIS attendance zone boundaries. Assignments are based on property location and may change. Use Palm Beach County School District's official locator to confirm.

Location

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Dayron Crespo
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