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Welcome to the heart of historic Northwood, one of West Palm Beach's fastest appreciating and most exciting neighborhoods. Whether you're searching for a profitable investment property, a luxurious seasonal residence, or a full-time home with income potential, this home delivers an opportunity that's becoming increasingly difficult to find. Currently operating as a successful Airbnb, this beautifully renovated compound blends timeless Old Florida charm with modern conveniences. The main residence has been thoughtfully updated while preserving the character that has made Northwood one of Palm Beach County's most sought-after historic communities. A newer 2024 roof provides peace of mind, while energy-efficient solar panels help offset utility costs. The solar system is financed through a PACE program, creating a unique opportunity for the new owner to benefit from renewable energy while assuming the existing financing. Current electric average is only $100 per month with rentals running. Adding to the property's versatility is a separate efficiency building, perfect for guests, extended family, a private office, artist studio, or additional income-producing accommodations. The flexible layout creates multiple possibilities for homeowners and investors alike. Location is everything, and this home places you in the center of West Palm Beach's remarkable transformation. Just minutes from the vibrant shops and restaurants of Northwood Village, the Intracoastal Waterway, Palm Beach Island, and downtown West Palm Beach, the property is also ideally positioned near the highly anticipated NORA District and billions of dollars of ongoing development reshaping the city. New luxury residences, Class A office space, world-class dining, and entertainment venues continue to elevate the area's appeal and long-term value. Whether you're looking to capitalize on the thriving short-term rental market, establish a personal retreat with guest accommodations, or invest in one of South Florida's most dynamic neighborhoods, this exceptional property offers location, flexibility, and lifestyle in one remarkable package. Opportunities to own a fully renovated, income-producing property with a separate guest dwelling in historic Northwood are rare. Welcome to your next investment and your next chapter in West Palm Beach.
Property Details
Price: $899,000
Sq Ft: 1,479
($608 per
sqft)
Bedrooms: 4
Bathrooms: 3
City: West Palm Beach
County: Palm Beach
Type: Single Family
Development: Northwood
Subdivision: Northwood Add
Acres: 0.1400
Virtual Tour/Floorplan:
View
Year Built: 1940
Listing Number: B26085922
Status Code: A-Active
Taxes: $18,045.70
Tax Year: 2025
Garage:
Furnishings: Furnished
Pets Allowed: Yes, Size Limit
Interior Features:
Entrance Foyer
Financial Information:
Taxes: $18,045.70
Tax Year: 2025
Exterior Features:
Fenced
Patio - Open
Patio
Equipment:
Dryer
Dishwasher
Washer
School Information:
Elementary School: Northmore
Middle School: John F. Kennedy (Palm Beach)
Junior High: John F. Kennedy (Palm Beach)
High School: Palm Beach Lakes
Additional Information:
Building Description: Mediterranean
MLS Area: 5420
Total Square Footage: 1,479
Price per Square Feet: $607.84
Total Rooms: 4
Total Floors: 1
Water: Public
Construction: Cbs
Date Listed: 2026-10-08 00:00:00
Furnished: Furnished
Parking: Driveway, Paver Block
Flooring: Wood
Roof: Barrel
Heating: Central
Cooling: Central Air
Pets: Yes, Size Limit
Restrictions: No Smoking
Sewer: Public Sewer, Private Sewer
Parcel ID: 744343090500301
Map of 436 38Th St, West Palm Beach, FL 33407
Listing Courtesy Of: Tolliver Prince Realty
steve@tolliverprince.com