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307 N Federal Highway, Lake Worth Beach, FL – $849,000

  • 4 Beds
  • 4 Baths
  • 1,732 Sqft
  • .15 Acres
  • 4 Beds
  • 4 Baths
  • 1,732 Sqft
  • .15 Acres

307 N Federal Highway

Previously operated as the Banana Inn B & B in the '90s, this charming Mediterranean Revival home continues to host out-of-town travelers seeking the sun and warmth of South Florida. Offered with all furnishings and prospective bookings, if desired, make it a ready-made investment. The home has a successful book of business and grossed over $120K in 2022. Detailed pro forma available upon request to serious buyers only. The walkability to the beach and to downtown which is just steps away with its sidewalk cafes, art galleries and shops make this property the ideal vacation spot. Current zoning allows for a B&B and/or professional office/businesses. The home stands gracefully beneath an olive tree, welcoming visitors with an arched porch entry. Inside you'll discover a troveof preserved architectural gems: from the arched windows crowned with transoms in the living room, to a coquina-faced fireplace. An extensive renovation with a keen eye to detail resulted in a perfect blend of historic charm and modern updates. A beautiful kitchen opens to the dining room and creates a welcoming space for friends and family to gather as meals are prepared. Three updated fresh and modern bathrooms. A sun-drenched Florida room extends the living space. Just outside the dining room is an expansive outdoor paver patio that beckons al fresco dinners and fun days chillin' at the pool. Recent big ticket upgrades ensure peace of mind: all-new wiring and plumbing, brand new roof, and all impact windows and doors blend safety with aesthetics. Outside, the brand-new natural gas pool heater guarantees year-round enjoyment of the heated pool, nestled within a private tropical haven. The community teems with life: from the Lake Worth Green Market to the Snook Island boardwalk, Bryant Park's Intracoastal paddling adventures, and the scenic municipal golf course. The beach, with its cabanas, eateries, and a 300-ft pier is a mere 15-minute stroll from this home. Positioned conveniently near Palm Beach International Airport, Tri Rail, downtown West Palm, and the opulent Island of Palm Beach, this home is the gateway to quintessential South Florida living. Experience history, luxury, and lifestyle, all in one unique offering.

Essential Information

  • MLS® #RX-10922727
  • Price$849,000
  • Bedrooms4
  • Bathrooms4.00
  • Full Baths3
  • Half Baths1
  • Square Footage1,732
  • Acres0.15
  • Year Built1902
  • TypeResidential
  • Sub-TypeSingle Family Homes
  • StyleSpanish, Old Spanish
  • StatusActive

Community Information

  • Address307 N Federal Highway
  • Area5600
  • SubdivisionLAKE WORTH TOWN OF
  • CityLake Worth Beach
  • CountyPalm Beach
  • StateFL
  • Zip Code33460

Amenities

  • AmenitiesNone
  • Parking2+ Spaces, Driveway
  • ViewPool, Garden
  • WaterfrontNone
  • Has PoolYes
  • PoolInground, Heated

Utilities

3-Phase Electric, Public Water, Public Sewer, Cable, Gas Natural

Interior

  • HeatingCentral, Electric
  • CoolingElectric, Ceiling Fan, Central
  • FireplaceYes
  • # of Stories2
  • Stories2.00

Interior Features

Split Bedroom, Walk-in Closet, Decorative Fireplace

Appliances

Washer, Dryer, Refrigerator, Range - Electric, Dishwasher, Water Heater - Gas, Disposal, Microwave

Exterior

  • Exterior FeaturesFence, Open Porch
  • RoofS-Tile, Comp Rolled
  • ConstructionFrame, Frame/Stucco

Lot Description

< 1/4 Acre, Sidewalks, Public Road, Paved Road

Windows

Hurricane Windows, Impact Glass

School Information

  • ElementaryNorth Grade Elementary School

Additional Information

  • Listing Courtesy ofIllustrated Properties LLC
  • Date ListedSeptember 27th, 2023
  • ZoningMU-E(c
  • Contact Info561-329-9997
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Price Change History for 307 N Federal Highway, Lake Worth Beach, FL (MLS® #RX-10922727)

Date Details Change
Price Reduced from $875,000 to $849,000 $26,000 (2.97%)
Price Reduced from $899,000 to $875,000 $24,000 (2.67%)
Price Reduced from $949,000 to $899,000 $50,000 (5.27%)
Price Reduced from $989,000 to $949,000 $40,000 (4.04%)

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