331 South Federal Highway

Lake Worth Beach, FL 33460

$1,050,000
Last Sold Price
Beds
3,773 Sq. Ft.
$278 / Sq. Ft.
3,773
Sq. Ft.
$278
per Sq. Ft.

Description

This Spanish-style single family home is a great investment property with tremendous rental potential, currently operated as an AIRBNB. Located on a corner lot, the property features a main house with 5 bedrooms, 3 bathrooms, and a den. The hardwood floors have been refinished, and new tile floors and showers have been installed. In addition to the main house, the property also includes a detached ''garage apartment'' that has been converted into an expansive loft-style room with a private bath and...This Spanish-style single family home is a great investment property with tremendous rental potential, currently operated as an AIRBNB. Located on a corner lot, the property features a main house with 5 bedrooms, 3 bathrooms, and a den. The hardwood floors have been refinished, and new tile floors and showers have been installed. In addition to the main house, the property also includes a detached ''garage apartment'' that has been converted into an expansive loft-style room with a private bath and kitchen. The property also includes a separate duplex with two 1 bedroom, 1 bathroom apartments. Both units have been updated in recent years. The duplex has shared laundry facilities. Each unit has separate electric meters, while all units share a water meter. Great addition to any portfolio.
  1. Listed by Nydia Pino • Realty ONE Group Innovation
  2. Listed by Toni Nichole Hanlon • Realty ONE Group Innovation

Property Details for 331 South Federal Highway

Subdivision
LAKE WORTH TOWN OF
Waterfront
No
Waterfront Details
None
View
Garden, Other
Style
No Pool/No Water

Location

Listing Courtesy of Realty ONE Group Innovation

Sold By Coldwell Banker Realty /Delray Beach

Add your commute
LISTING UPDATED: 02/29/2024 10:09 AM

Property Details for 331 South Federal Highway

StatusClosed
MLS #RX-10888311
Days on Market222
Taxes$12,606 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quad Plex
Year Built1928
Lot Size0.24 AC / 10,393 SF
CountyPalm Beach County

Location

Listing Courtesy of Realty ONE Group Innovation

Sold By Coldwell Banker Realty /Delray Beach

Add your commute

Building Information for 331 South Federal Highway

Stories2Residences4Year Built1928Building Size-Lot Size0.24 AC / 10,393 SF

Payment Calculator

$6,781 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,730

Property Taxes

$1,051

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 331 South Federal Highway

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: S FEDERAL HWY TO 4TH AVE S. PROPERTY IS LOCATED ON THE NW CORNER OF 4TH AVE S AND S FEDERAL HWY.
  • Elementary School: South Grade Elementary School
  • Middle School: Lake Worth Community Middle
  • High School: Lake Worth High School
  • Geo Area: Palm Beach 5600; 5610; 5620; 5630; 5640
  • Special Info: Corporate Owned, Sold As-Is
  • Street Number: 331
  • Subdivision Complex Bldg: LAKE WORTH TOWN OF
  • Municipal Code: Lake Worth Beach
  • State: FL
  • City Postal ID: 33460
  • MLS Area: 5610
  • MLS Sub Area: PB16
Parking
  • Carport Spaces: 0
  • Garage Spaces: 1
Taxes and HOA Information
  • Comm/Trans Brk: 2.5%
  • HOPA: No Hopa
  • Tax Year: 2022
  • Maintenance Fee Incl: None
  • HOA Dues: $0
Property
Lot Information
  • Area: 5610
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre
  • Lot Dimensions: 100.0 ft x 0.0 ft
  • Parcel ID: 38434421151090151
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Special Assessment: No
  • Sq Ft Total: 4,313
  • Square Ft Source: Floor Plan
  • Zoning: MU-FH(
Property and Assessments
  • Legal Desc: LAKE WORTH TOWN OF LT 15 (LESS S 15.5 FT OF W 47.5 FT) & LT 16 (LESS W 47.5 FT) BLK 109
  • Sq Ft Liv Area: 3773.0
  • Legal Description: LAKE WORTH TOWN OF LT 15 (LESS S 15.5 FT OF W 47.5 FT) & LT 16 (LESS W 47.5 FT) BLK 109
Utilities
  • Utilities: Cable, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction, Frame Construction, Frame With Stucco, Stucco Exterior Construction
  • Exterior Features: Exterior W/D Hookup
  • Private Pool: No
  • Storm Protection: Panel Shutters: Partial
  • Subdiv Amenities: None
  • Gated Community YN: No
  • Structure Type: Quadruplex
Interior Features
  • Roof: Barrel, Comp Shingle
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: No
  • Cooling: Central
  • Flooring: Ceramic Tile, Laminate, Wood Floor
  • Heating: Central
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $.00
  • Income & Expenses: Annual Total Expense: $.00
  • Income & Expenses: Gross Operating Inc: $.00
  • Tenant Pays: Cable, Electric
Unit 1
  • Unit 1 Desc: A/C Unit, Den/Family, Dishwasher, Electric Meter, Microwave, Range - Electric, Refrigerator, W/D Hookup
  • Unit 1 Info: Bedrooms: 5
  • Unit 1 Info: Full Bath: 3
  • Unit 1 Info: Furnished: Yes
  • Unit 1 Info: Monthly Income: 0
  • Unit 1 Info: SqFt: 2032.0
  • Unit 1 Parking: Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Electric Meter, Refrigerator
  • Unit 2 Info: Bedrooms: 1
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: Yes
  • Unit 2 Info: Monthly Income: $0
  • Unit 2 Info: SqFt: 540.0
  • Unit 2 Parking: Open Parking
Unit 3
  • Unit 3 Desc: A/C Unit, Dishwasher, Electric Meter, Microwave, Range - Electric
  • Unit 3 Info: Bedrooms: 1
  • Unit 3 Info: Full Bath: 1
  • Unit 3 Info: Furnished: Yes
  • Unit 3 Info: Monthly Income: $.00
  • Unit 3 Info: SqFt: 600.0
  • Unit 3 Parking: Open Parking, Space Parking
Unit 4
  • Unit 4 Desc: A/C Unit, Dishwasher, Electric Meter, Microwave, Range - Electric, Refrigerator
  • Unit 4 Info: Bedrooms: 1
  • Unit 4 Info: Full Bath: 1
  • Unit 4 Info: Furnished: Yes
  • Unit 4 Info: Monthly Income: $.00
  • Unit 4 Info: SqFt: 540.0
  • Unit 4 Parking: Open Parking, Space Parking
Agent
Agent Only
  • Selling Agent Full Name: Lynne H Gewant
  • Selling Office Branch ID: 607050
Rental
Rental Information
  • Pets on Premises: No

Property History for 331 South Federal Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 331 South Federal Highway

Taxable ValueLand$260,220Additions$406,875Total$667,095
Tax Record2023$14,454 ($1,205 / month)
Home Facts
Beds4Baths5Total Finished SqFt2,032 SqFtAbove Grade Finished SqFt2,032 SqFtStories2Lot Size10,393 SqFtStyleSingle Family ResidenceYear Built1928Year Renovated1985ZoningMU-FHCountyPALM BEACHAPN38-43-44-21-15-109-0151

Schools near 331 South Federal Highway

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 12
Public - 6 to 8
Charter - K to 8
Rating
School
Distance
South Grade Elementary School
PublicPK to 5

Lake Worth High School
PublicPK to 12

Lake Worth Community Middle School
Public6 to 8

Palm Beach Maritime Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty ONE Group Innovation

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.