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249 31st Street, West Palm Beach, FL – $975,000

  • 4 Beds
  • 2 Baths
  • 1,675 Sqft
  • .18 Acres
  • 4 Beds
  • 2 Baths
  • 1,675 Sqft
  • .18 Acres

249 31st Street

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.

Essential Information

  • MLS® #RX-10956740
  • Price$975,000
  • Bedrooms4
  • Bathrooms2.00
  • Full Baths2
  • Square Footage1,675
  • Acres0.18
  • Year Built1950
  • TypeResidential
  • Sub-TypeSingle Family Homes
  • Style< 4 Floors
  • StatusPrice Change

Community Information

  • Address249 31st Street
  • Area5420
  • CityWest Palm Beach
  • CountyPalm Beach
  • StateFL
  • Zip Code33407

Subdivision

NORTH SHORE TERRACE 1, Northwood Add

Amenities

  • AmenitiesSidewalks
  • # of Garages1
  • ViewGarden
  • WaterfrontNone

Utilities

Cable, Public Sewer, Well Water

Parking

2+ Spaces, Driveway, Garage - Detached

Interior

  • Interior FeaturesFireplace(s)
  • HeatingCentral, Electric
  • CoolingCeiling Fan, Central, Electric
  • FireplaceYes
  • # of Stories1
  • Stories1.00

Appliances

Cooktop, Dishwasher, Disposal, Dryer, Freezer, Ice Maker, Microwave, Range - Gas, Refrigerator, Washer

Exterior

  • Exterior FeaturesFence
  • RoofComp Shingle
  • ConstructionCBS, Frame/Stucco

Lot Description

1/4 to 1/2 Acre, East of US-1, Sidewalks

Windows

Hurricane Windows, Impact Glass

School Information

  • ElementaryNorthmore Elementary School
  • MiddleRoosevelt Middle School
  • HighPalm Beach Lakes High School

Additional Information

  • Listing Courtesy ofCompass Florida LLC
  • Date ListedFebruary 5th, 2024
  • ZoningSF7
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Price Change History for 249 31st Street, West Palm Beach, FL (MLS® #RX-10956740)

Date Details Change
Price Reduced from $999,999 to $975,000 $24,999 (2.50%)
Price Reduced from $1,050,000 to $999,999 $50,001 (4.76%)
Price Reduced from $1,150,000 to $1,050,000 $100,000 (8.70%)

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