3940 Flagler Drive, West Palm Beach, FL 33407

Property Status: Active

2

BEDROOMS

2

BATHROOMS

$799,000

LISTING PRICE

1,980

SQUARE FOOT

Year Built: 2007   MLS #: RX-11131275
Subdivision: FLAGLER LANDING CONDO

For More Information Call: 561-283-4663

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

This listing is courtesy of Compass Florida LLC. Real Estate and Luxury homes in Boca Raton, Delray Beach, Deerfield Beach, Juno Beach,0 Lake Worth, Palm Beach Gardens, West Palm Beach and surrounding areas in Palm Beach County and South Florida. Property Listing Data contained within this site is the property of Brevard MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.

All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc.

Square Footage: 1,980 ($404/sqft) Listing Price: $799,000
Bedrooms: 2 Bathrooms: 2 + 1 halfs
Exterior Features: Covered Balcony,Open Balcony Interior Features: Built-in Shelves,Closet Cabinets,Elevator,Entry Lvl Lvng Area,Foyer,Kitchen Island,Pantry,Roman Tub,Volume Ceiling,Walk-in Closet
Pool: No Amenities: Boating,Elevator,Fitness Center,Pool,Sidewalks
Subdivision: FLAGLER LANDING CONDO Property Type: Residential / Condo/Coop
Waterfront: Intracoastal Home View: No
Parking: 2+ Spaces,Assigned,Covered,Garage - Building Address: 3940 Flagler Drive, West Palm Beach FL 33407
HOA: Mandatory HOA Dues: $1,644/month
Construction: CBS Expenses: 0
Heating: Central,Electric County: Palm Beach
Cooling: Ceiling Fan,Central,Electric Furnishings: Furnished,Turnkey
Flooring: Ceramic Tile Garage: 2.00
Tax Amount: $12,070 (2024) Pets: Yes
Utilities: Cable,Electric,Public Sewer,Public Water,Water Available Equipment / Appliances: Auto Garage Open,Dishwasher,Disposal,Dryer,Freezer,Ice Maker,Microwave,Range - Electric,Refrigerator,Smoke Detector,Washer,Water Heater - Elec
Short Sale /
Bank Owned:
No Home View: Garden
Home Design: < 4 Floors,Contemporary Dining Area: Breakfast Area,Dining-Living,Snack Bar
Elem. School: Middle School:
High School: Virtual Tour: Yes