249 31st Street, West Palm Beach, FL 33407
- $945,000
- 4
- BD
- 2
- BA
- 1,675
- SqFt
- Sold Price
- $945,000
- List Price
- $975,000
- Status
- CLOSED
- Days on Market
- 176
- Closing Date
- Nov 15, 2024
- MLS#
- R10956740
- Subtype
- Residential
- Year Built
- 1950
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 1,675
- Acres
- 0.18
- Subdivision
- North Shore Terrace 1, Northwood Add
- Building Name
- North Shore Terrace, Northwood Add
- MLS Area Major
- 5420
Property Description
INCOME Producing. FULL INSPECTION REPORT AVAILABLE UPON REQUEST. This is an amazing investment opportunity. The home is located in Historic Northwood District just a few homes up the street from the Intracoastal Waterway and some of West Palm Beaches most expensive residences. This property is offering BOTH a charming 3-bedroom, 1-bathroom main house and a fully-equipped 1-bedroom, 1-bathroom cottage, both with their own private laundry rooms, and completely separate entrances almost 8,000 SQ FT LOT. This exceptional opportunity features full impact windows and doors, new AC units in both homes, gas stoves in both homes, improved electrical, ample storage, and many more upgrades. Less than a 9 minute car ride on the scenic Flagler drive to Palm Beach and Downtown West Palm Beach. You can also be at the airport or hospital in 10 minutes. Don't let this deal pass you by. Adding to the allure is the self-contained cottage, complete with its own laundry facilities, parking, kitchen, and electrical meter, presenting a lucrative opportunity for rental income or mother in law suite. Currently utilized as a successful Airbnb and with the cottage rented on a month-to-month basis, this property not only serves as a comfortable family home but also as a source of additional income. There is plenty of room to add a swimming pool in the private backyard oasis.
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Additional Information
- Amenities
- Sidewalks
- Interior Features
- Kitchen/Dining Combo, Main Level Primary, Storage, Tub Shower
- Exterior Features
- Outdoor Living Area
- Taxes
- $17,082
- Flooring
- Wood
- Appliances
- Cooktop, Dryer, Dishwasher, Free-Standing Freezer, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Ceiling Fan(s), Electric
- Exterior Construction
- Block, Stucco
- Stories
- 1
- Levels
- Multi/Split, One
- Roof
- Composition, Shingle
- Parking Features
- Detached, Garage
- Garage Spaces
- 1
- Elementary School
- Northmore
- Middle School
- Roosevelt Community
- High School
- Palm Beach Lakes
- View
- Garden
Listing courtesy of Compass Florida LLC. Contact:
Selling Office: EXP Realty LLC.Mortgage Calculator
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Meghan Stewart Romanelli | Email: meghan.stewart@compass.com