$545,000
SOLD MAR 10, 2025

8719 40th Terrace N Palm Beach Gardens, FL 33410

-- Bed
-- Bath
1,930 Sq Ft
0.44 Acres

Recently Sold

$282 Per Sq Ft

1% Below List Price

3 Days on Market

Highlights

  • Water Views
  • Porch
  • Shed
  • Room in yard for a pool
  • Open Patio
  • Tile Flooring

About This Home

As of March 2025

Welcome to this completely remodeled duplex nestled on a spacious 0.44-acre lot in the heart of Palm Beach Gardens. This stunning property offers a fantastic opportunity for both investors and owner-occupants, featuring two fully renovated 2-bedroom, 1-bathroom units with modern upgrades throughout. Recently updated in 2022, the home boasts a new metal roof, a fully remodeled interior, and brand-new windows, ensuring durability and energy efficiency. One unit is currently rented at $2,200/month, well below the market rate of $2,400 per unit, presenting the potential for an impressive 8% return. The second unit is vacant, making it perfect for an owner looking to live in one unit while renting the other or for an investor seeking a high-performing rental property. As you arrive, you'll be

Last Agent to Sell the Property

Brett Colby

Re/Max Direct License #3116792

Re/Max Direct

Last Buyer's Agent

Andres Londono

Safebound Realty LLC License #3346052

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,636

Year Built

  • Built in 1969

Lot Details

  • 0.44 Acre Lot
  • Fenced
  • Sprinkler System

Home Design

  • Duplex
  • Metal Roof

Interior Spaces

  • 1,930 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Tile Flooring
  • Water Views

Outdoor Features

  • Room in yard for a pool
  • Open Patio
  • Shed
  • Porch

Schools

  • Grove Park Elementary School
  • John F. Kennedy Middle School
  • Palm Beach Gardens High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 52424224000001700
  • Seller Considering Concessions

Community Details

Overview

  • 2 Units
  • Palm Beach Gardens Subdivision

Building Details

  • Operating Expense $14,696
  • Net Operating Income $42,904

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,636

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: From I95, West on Northlake Blvd, South on Sunset Drive, left on 40th Terrace N, Property on West side
  • Year Built: 1969
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1930.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Fence, Porch, Room For Pool, Shed
  • View: Other, Water
  • Lot Features: Sprinkler System
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Other Structures: Shed(s)
  • Patio And Porch Features: Open, Porch
  • Property Condition: Resale
  • Roof: Metal

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Schools

  • Elementary School: Grove Park
  • High School: Palm Beach Gardens
  • Middle Or Junior School: John F. Kennedy (Palm Beach)

Lot Info

  • Parcel #: 52424224000001700
  • Lot Size: 1/4 to 1/2 Acre,Paved Ro
  • Lot Size Sq Ft: 19006.0
  • Zoning Description: RM(cit
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 42904.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 14696.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7636.0

Map

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2025 04/05/25 Under Contract -- -- --
03/11/2025 03/11/25 For Rent $2,200 0.0% --
03/10/2025 03/10/25 Sold $545,000 -0.9% $282 / Sq Ft
02/07/2025 02/07/25 Pending -- -- --
02/04/2025 02/04/25 For Sale $550,000 -- $285 / Sq Ft
Source: BeachesMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,636 $302,608 -- --
2023 $8,097 $324,148 $125,400 $198,748
2022 $5,803 $163,833 $0 $0
2021 $5,353 $185,123 $64,400 $120,723
2020 $5,102 $169,633 $61,600 $108,033
2019 $4,927 $161,280 $56,000 $105,280
2018 $4,559 $139,817 $55,440 $84,377
2017 $4,439 $134,777 $50,400 $84,377
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $545,000 Florida Direct Title
Warranty Deed $545,000 Florida Direct Title
Warranty Deed $365,000 Independence Title Insurance A
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- --
Source: Public Records

Source: BeachesMLS

MLS Number: R11058894

BeachesMLS

APN: 52-42-42-24-00-000-1700

Florida Palm Beach County Palm Beach Gardens 33410

8719 40th Terrace N, Palm Beach Gardens, FL

Homes for Sale in Palm Beach Gardens, FL

This home is located at 8719 40th Terrace N, Palm Beach Gardens, FL 33410 and is currently priced at $545,000, approximately $282 per square foot. This property was built in 1969. 8719 40th Terrace N is a home located in Palm Beach County with nearby schools including Grove Park Elementary School, John F. Kennedy Middle School, and Palm Beach Gardens Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.