Florida
West Palm Beach
3940 N Flagler Drive 303

$799,000

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

2 beds |
3 baths |
1,980 sqft

Condominium
Built in 2007
—— sqft lot
2 car garage
$404/sqft
Listed 5 days ago

Property Description

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

Listing Status:: Active
Date Added:: October 10, 2025 at 05:00AM
Listing Office:: Compass Florida LLC : (561) 270-5384
Listing Agent:: Justin Charles Keller PA : (631) 872-8689
MLS ID:: R11131275

General: Breakfast BarBuilt-in FeaturesBreakfast AreaCloset CabinetryDual SinksEntrance FoyerElevatorGarden Tub/Roman TubHigh CeilingsLiving/Dining RoomPantrySeparate ShowerWalk-In Closet(s)
Appliances: DryerDishwasherElectric RangeElectric Water HeaterDisposalIce MakerMicrowaveRefrigeratorWasher/DryerWasher
Flooring: Ceramic Tile
A/C: Central AirCeiling Fan(s)Electric
Heating: CentralElectric

General: Balcony
Pool: NoneAssociationCommunity
Parking: AssignedCoveredGarageTwo or More SpacesGarage Door Opener

Roofing: CompositionShingle
Windows: BlindsDrapesImpact Glass
General: Block4

HOA Amenities: Fitness CenterPoolAssociation ManagementInsuranceMaintenance StructureParkingPool(s)RoofWater1644.0Monthly
Originating MLS: FTL_RMLS
County: Palm Beach

Zoning: FLAGLER LANDING CONDOMINIUM UNIT 303 BLDG 6 IN OR22094P263 F/K/A UNIT 62374434310350063030
View: Garden

Utilities: Cable AvailableElectricity AvailableSewer AvailableWater Available
Water: Public
Sewer: Public Sewer

Source: FTL_RMLS

This listing courtesy of Justin Charles Keller PA, Compass Florida LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Northboro Elementary School

400 40th St, West Palm Beach, FL, 33407

Grades PK-5

0.12 miles away

Alternative Program Central

1041 45th St, Mangonia Park, FL, 33407

Grades 4-12

1.07 miles away

Alternative Program Central

1041 45th St, Mangonia Park, FL, 33407

Grades 4-12

1.07 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.