307 N Federal Hwy, Lake Worth Beach, FL, 33460

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307 N Federal Hwy, Lake Worth$899,000

Buyer Closing Credits

$10,000^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

Parking2+ Spaces, Driveway

Year Built1902

HeatingCentral, Electric

CoolingCeiling Fan(s), Central Air, Electric

WaterfrontNone

ViewGarden, Pool

Private PoolYes

MLS #RX-10922727

StatusActive

About 307 N Federal Hwy

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

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Property Details

Property Features

Property Information:

• Architectural Style: Old Spanish, Spanish
• Year Built: 1902
• Stories: 2
• Living Area: 1,732 SqFt

Listing Office:

• Office Name: Illustrated Properties LLC
• Office Phone: (561) 582-5338
• Listing Agent: Gary B Allen

Interior Features

Interior Information:

• Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer, Gas Water Heater
• Flooring Type: Ceramic Tile
• Interior: Decorative Fireplace, Split Bedroom, Walk-in Closet

Bedroom and Bathroom Information:

• Partial Bathrooms: 1
• Full Bathrooms: 3
• Total Bedroom Count: 4

Exterior Features

Exterior Information:

• Private Pool: Yes
• Waterfront: None
• View: Garden, Pool
• Exterior: Fence, Open Porch

Parking Information:

• Parking: 2+ Spaces, Driveway

Lot Features

Lot Information:

• Lot: Paved, Sidewalk

Utilities

Utilities Information:

• Heating: Central, Electric
• Cooling: Ceiling Fan(s), Central Air, Electric

School Info

Assigned Schools Information:

• Lake Worth High School, Public Magnet Grades 9-12
• Lake Worth Middle School, Public Magnet Grades 6-8
• North Grade Elementary School, Public Magnet Grades KG-5

Price Information

Listing Price Info

Price Summary:

• List Price: $899,000
• Price Per SqFt: $519/SqFt

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Housing Market Comparison

See how this home compares to others in Lake Worth, FL.

Lake Worth, FL

City

Med. Sold Price

$451.2K

Med. Price/SqFt

$272

Avg. Days On Market

46

# of Sold Homes

174

307 N Federal Hwy vs Lake Worth

217 DAYS ON ROCKET

+171 Days

$899,000

+$447.7K More

$519/SqFt

+$247 More

KEY TAKEAWAY

This property is $447.7K more than the Median Sold Price and $247/SqFt more than other homes in Lake Worth, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #RX-10922727

Listing Office:

• Office Name: Illustrated Properties LLC
• Office Phone: (561) 582-5338
• Listing Agent: Gary B Allen

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 8:25:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

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**Disclosures

Rocket Homes›Florida›Palm Beach County›Lake Worth›33460›307 N Federal Hwy

This home is located at 307 N Federal Hwy in Lake Worth Beach, FL and zip code 33460 in the Mango Groves neighborhood. This 1,732 square foot home was built in 1902. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 27, 2023 and is currently priced at $899,000.

In April 2024, from all listings sold in Lake Worth, FL there were more than 21 sold above asking price, over 124 sold below and more than 29 were sold right at the asked price. The number of homes for sale in Lake Worth, FL increased by 9.1% between March 2024 and April 2024. In April 2024, listings were on the market for 46 days. During the same period, the median list price in this real estate market was $451,281.

From Rocket Homes Real Estate and based on county public records data.