$799,000

3940 N Flagler Dr Unit 303 West Palm Beach, FL 33407

Northwood Shores Neighborhood

Estimated payment $6,870/month

Total Views 1,570
2 Beds
2.5 Baths
1,980 Sq Ft
$404 Price per Sq Ft

Highlights

  • Boat Ramp
  • Fitness Center
  • Roman Tub
  • Property fronts an intracoastal waterway
  • Gated with Attendant
  • Garden View

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

Listing Agent

Justin Keller PA

Compass Florida LLC License #3392436 Listed on: 10/10/2025

Compass Florida LLC

Co-Listing Agent

Alyse Keller

Compass Florida LLC License #3433254

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,070

Year Built

  • Built in 2007

Lot Details

  • Property fronts an intracoastal waterway

HOA Fees

  • $1,644 Monthly HOA Fees

Parking

  • Over 1 Space Per Unit
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Entry on the 3rd floor
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,980 Sq Ft Home
  • 4-Story Property
  • Furnished
  • Built-In Features
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Entrance Foyer
  • Great Room
  • Family Room
  • Combination Dining and Living Room
  • Den
  • Ceramic Tile Flooring
  • Garden Views

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • Dual Sinks
  • Roman Tub
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer

Home Security

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434310350063030

Community Details

Overview

  • Association fees include management, insurance, maintenance structure, parking, pool(s), roof, water
  • 68 Units
  • Flagler Landing Condo Subdivision

Recreation

  • Boat Ramp
  • Boating
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Gated with Attendant
  • Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,070

Year Built

Built in 2007

Lot Details

0

HOA Fees

$1,644 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: On Flagler Drive between Palm Beach Lakes Blvd and 45th Street. Located just 2 blocks north of 36th Street, on the east side of Flagler Drive, next to Rybovich Marina. Look for the Gated Entrance
  • Year Built: 2007
  • Entry Level: 3
  • Year Built Details: Resale
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Bar, Built-in Features, Breakfast Area, Closet Cabinetry, Dual Sinks, Entrance Foyer, Elevator, Garden Tub/Roman Tub, High Ceilings, Living/Dining Room, Pantry, Separate Shower, Walk-In Closet(s)
  • Main Level Bedrooms: 2
  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile
  • Living Area: 1980.0
  • Dining Room Type: Den, Family Room, Great Room, Laundry
  • Stories: 4
  • Window Features: Blinds, Drapes, Impact Glass

Exterior Features

  • Exterior Features: Balcony
  • View: Garden
  • Pool Features: None, Association, Community
  • Pool Private: No
  • Waterfront Features: Intracoastal Access
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Assigned, Covered, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Security: Gated with Guard, Security Guard, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1644.0
  • Community Features: Boat Facilities, Gated, Pool, Sidewalks
  • Senior Community: No
  • Amenities: Fitness Center, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Association Management, Insurance, Maintenance Structure, Parking, Pool(s), Roof, Water

Lot Info

  • Parcel #: 74434310350063030
  • Lot Size: East of US-1,Sidewalks
  • Zoning Description: RPD(ci

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 12070.0

Multi Family

  • Number Of Units In Community: 68

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $12,070 $580,000 -- --
2023 $6,094 $328,104 $0 $0
2022 $6,024 $318,548 $0 $0
2021 $6,006 $309,270 $0 $0
2020 $5,973 $305,000 $0 $305,000
2019 $6,800 $305,000 $0 $305,000
2018 $6,314 $325,000 $0 $325,000
2017 $5,947 $315,000 $0 $0
2016 $5,319 $221,079 $0 $0
2015 $5,160 $200,981 $0 $0
2014 $4,926 $182,710 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2025 10/10/25 For Sale $799,000 0.0% $404 / Sq Ft
06/01/2025 06/01/25 Rented $6,500 -7.1% --
04/21/2025 04/21/25 Under Contract -- -- --
01/04/2025 01/04/25 Price Changed $7,000 -6.7% $4 / Sq Ft
11/15/2024 11/15/24 For Rent $7,500 0.0% --
12/15/2023 12/15/23 Sold $645,000 -7.7% $326 / Sq Ft View Prior Sale
11/02/2023 11/02/23 Price Changed $699,000 -3.6% $353 / Sq Ft
10/04/2023 10/04/23 Price Changed $725,000 -3.3% $366 / Sq Ft
08/16/2023 08/16/23 For Sale $750,000 +98.9% $379 / Sq Ft
03/14/2019 03/14/19 Sold $377,000 -11.3% $190 / Sq Ft View Prior Sale
02/12/2019 02/12/19 Pending -- -- --
09/29/2018 09/29/18 For Sale $425,000 0.0% $215 / Sq Ft
07/12/2017 07/12/17 Rented $2,150 -6.5% --
06/12/2017 06/12/17 Under Contract -- -- --
05/10/2017 05/10/17 For Rent $2,300 +31.4% --
06/07/2013 06/07/13 Rented -- -- --
05/17/2013 05/17/13 For Rent $1,750 -- --
05/17/2013 05/17/13 Rented -- -- --
Source: BeachesMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $645,000 None Listed On Document
Warranty Deed -- --
Warranty Deed -- None Listed On Document
Special Warranty Deed $377,000 Attorney
Source: Public Records

Source: BeachesMLS

MLS Number: R11131275

BeachesMLS

APN: 74-43-43-10-35-006-3030

Florida Palm Beach County West Palm Beach 33407 Northwood Shores

3940 N Flagler Dr Unit 303, West Palm Beach, FL

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Listing Agent
Justin Keller PA
Section Image
Compass Florida LLC
(561) 336-6289