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3940 N Flagler Drive 303 West Palm Beach, FL 33407
2 Bedroom, 1,980 Sqft, Condo/Coop
AGENT'S REMARKS ABOUT 3940 N FLAGLER DRIVE 303
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 expansionPROPERTY DETAILS
- Property Type: Condo/Coop
- Approx Living Area: 1,980 SqFt
- Total Bedrooms: 2
- Bathrooms: 2 Full 1 Half
- Year Built: 2007
- Acreage: East of US-1, Sidewalks
- Garage Spaces: 2
- Built Description: < 4 Floors, Contemporary
- Stories: 4
- Parking Type: 2+ Spaces, Assigned, Covered, Garage - Building
- Rooms: Convertible Bedroom, Den/Office, Family, Great, Laundry-Inside
- Interior: Built-in Shelves, Closet Cabinets, Elevator, Entry Lvl Lvng Area, Foyer, Kitchen Island, Pantry, Roman Tub, Volume Ceiling, Walk-in Closet
- Dining Room: Breakfast Area, Dining-Living, Snack Bar
- Other Appliances: Auto Garage Open, Dishwasher, Disposal, Dryer, Freezer, Ice Maker, Microwave, Range - Electric, Refrigerator, Smoke Detector, Washer, Water Heater - Elec
- Flooring: Ceramic Tile
- Roof: Comp Shingle
- Age Restrictions: No Hopa
- Total Floors in Building: 4
- House Faces/Primary View: North
- Construction: CBS
- Exterior Description: Covered Balcony, Open Balcony
- Cooling System: Ceiling Fan, Central, Electric
- Heating: Central, Electric
- Utility Information: Cable, Electric, Public Sewer, Public Water, Water Available
- Furnished: Furni
- Pets Allowed: Yes
- Pet Policy: Buyer Approval, Interview Required, Lease OK, Tenant Approval
- County: Palm Beach
- Area: 5420
- Subdivision: FLAGLER LANDING CONDO
- Community: flagler landing
- Community Features: Boating, Elevator, Fitness Center, Pool, Sidewalks
- Age Restricted: No Hopa
- Security: Gate - Manned, Security Patrol
- HOA Fee: $1644
- HOA Fee Includes: Insurance-Bldg, Maintenance-Exterior, Manager, Parking, Pool Service, Roof Maintenance, Water
- Annual Property Taxes: $12,070
- Ownership: Condo
- Repo/Reo: No
- Short Sale: No
MAP LOCATION FOR 3940 N FLAGLER DRIVE 303 WEST PALM BEACH, FL 33407
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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
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Do you have questions about 3940 N Flagler Drive 303 West Palm Beach, FL 33407? Contact us for more information and to schedule a tour. You can browse all West Palm Beach Real Estate and Homes for Sale. Brett Colby Group is a local top real estate service in Palm Beach County, FL. Your complete satisfaction is our First Priority.
Listing courtesy of Compass Florida LLC 10.10.2025