$849,000
For Sale

307 N Federal Highway

Lake Worth Beach, FL 33460
1732 sqft | 4 beds | 3.5 baths | #RX-10922727
Browse 51 photos
Type:Purchase
Structure:House
Zone:Residential

Description

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 trove of 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.

  • Interior Details
      • InteriorWalk-in Closet, Split Bedroom, Decorative Fireplace
    • Heating & Cooling
      • CoolingCeiling Fan, Central, Electric
      • HeatingElectric, Central
    • Beds & Baths
      • Bathrooms3.5
      • Bedrooms4
      • Full Baths3
      • Half Baths1
  • Property Details
      • Lot Features< 1/4 Acre, Paved Road, Public Road, Sidewalks
      • Lot Description< 1/4 Acre, Paved Road, Public Road, Sidewalks
      • Exterior FeaturesFence, Open Porch
      • Exterior MaterialsFence, Open Porch
      • Pool FeaturesPrivate Pool
      • ViewGarden, Pool
      • Pool1
    • Measurements
      • Square Feet1732
  • Construction Details
      • StyleOld Spanish, Spanish
      • Property TypePurchase
    • Condition
      • Year Built1902
    • Material information
      • RoofTile, Comp Rolled
  • Utilities / Energy Details
      • Utility FeaturesCable Connected, Electricity Connected, Gas Natural, Public Sewer, Public Water
  • Community and Neighborhood Details
      • SubdivisionLAKE WORTH TOWN OF
    • Location
      • Elementary SchoolNorth Grade Elementary School
      • CountyPalm Beach
      • ZoningMU-E(c
  • Financial Details
      • Original List Price$989,000
      • Taxes Annual$5,753
  • Other
      • MLS #RX-10922727

Location

Peter J Pellegrini | Pickle Ball Real EstateReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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