610 38th Street

Excellent Opportunity for Investors and Owners/Users!! This beautiful property offers an unique investment opportunity with an impressive over 8% cap rate (report available upon request) in an area that is rapidly growing and increasing in valueExperience the ultimate Palm Beach lifestyle just minutes from Palm Beach Island in this exquisite, private compound nestled in the heart of historic Northwood, West Palm Beach's fastest growing neighborhood. This elegant Modern Mediterranean designer home, accompanied by a charming guest house, is set on lush, tropical resort-style grounds offering the finest in outdoor living . Seize the rare opportunity to develop the expansive separate lot included in the listing which comprises two distinct parcels ( Northwood, Block 35 Lots 6 and 7) or further expand the existing compound to suit your needs. The stylish main house features tastefully appointed interiors with 3 bedroomsplus a home office that could easily be converted into a fourth bedroom), 2.5 baths, spacious, sun-drenched rooms with soaring ceilings, rich hardwood floors, and an open-concept layout that creates a bright and airy living space. Enjoy ample parking with an oversized car park, while the two-story guest cottage, complete with 2 bedrooms, 1 bath, and a dedicated laundry room, offers the perfect income-generating opportunity. Alternatively, rent out the entire property or turn it into an immediate high-yield Airbnb. This exceptional turnkey property is just minutes from pristine beaches, the exclusive shopping on Worth Avenue, vibrant downtown West Palm Beach with its nightlife and fine dining, the scenic Intracoastal Waterway, and Palm Beach International Airport. Whether you're seeking a full-time residence, a lucrative investment, or both, this one of a kind private oasis offers a very special opportunity in today's market and is also available fully furnished for added convenience.