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Sold for $635,000
  • $635,000

    407 S Palmway, Lake Worth Beach, FL 33460

    3beds
    1,294sqft
    Single Family Residence
    Built in 1941
    6,750 Square Feet Lot
    $651,700 Zestimate®
    $491/sqft
    $3,906 Estimated rent

    Home value

    $651,700

    $580,000 - $730,000

    $3,906/mo

    Zestimate® history
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    What's special

    This is your opportunity to own a piece of Lake Worth Beach's rich history. This 3 bedroom, 2 bath cottage with a split floor plan has been completely renovated top to bottom, all with permits. Just move in and enjoy! No detail has been overlooked in this exceptional fresh and modern renovation. Its location is prized - only one block from the Intracoastal and Bryant Park waterfront, 3 blocks from town and a half mile from the beach. All impact windows and doors. The ceiling in the living room has been opened up to create a vaulted ceiling with open beams. Custom built-in shelves anchor the living room. The custom chef's kitchen with open shelving features a gas range. Gorgeous original wood floors have been preserved and refinished. The primary bedroom wing has a spacious bedroom with its own en suite bath. The Florida room's original "broken" terracotta tile floor is unique to its 1940's heritage. The backyard is an open pallet, only restricted by your imagination. The expansive yard has room for a pool and an accessory dwelling unit. ADU plans can be provided that were developed by its current owner. Hip and artsy downtown Lake Worth Beach and its sidewalk cafes, art galleries and specialty shops are steps away. You're never at a loss to find something to do. Grab your green market bag and head to the waterfront Green Market on Saturdays. Play 18 holes at the waterfront public golf course. Spend the day at the beach where you will find shops, restaurants and a 300' pier where you can fish or just enjoy a leisurely stroll. Explore the Arts District where local craft brewery Mathews Brewery has live music and special events to enjoy. Take in a live glass-blowing demonstration at the Benzaiten Center for Arts just around the corner. Sip on a locally brewed tiramisu latte at the newly opened Carew's Coffeehouse. The city hosts many outdoor festivals throughout the year with the Street Painting Festival being the city's signature event. Centrally located to Palm Beach International Airport, Tri Rail, Brightline, downtown West Palm and the glitzy Island of Palm Beach. Come and enjoy South Florida living!

    Zillow last checked:

    Listing updated:

    Listed by:

    Jon Allen 561-312-5925,

    Illustrated Properties LLC,

    Erin Allen 561-312-5925,

    Illustrated Properties LLC

    Bought with:

    Codey Robinson, 3608638

    Sutter & Nugent LLC

    Source: BeachesMLS,MLS#: R11134098MLS LogoOriginating MLS: BeachesMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 3
    Primary bedroom
    • Level: Main
    • Area: 192
    • Dimensions: 16 X 12
    Primary bedroom
    • Level: Main
    • Area: 192
    • Dimensions: 16 X 12
    Florida room
    • Area: 216
    • Dimensions: 18 X 12
    Florida room
    • Area: 216
    • Dimensions: 18 X 12
    Kitchen
    • Level: Main
    • Area: 180
    • Dimensions: 10 X 18
    Kitchen
    • Level: Main
    • Area: 180
    • Dimensions: 10 X 18
    Living room
    • Level: Main
    • Area: 252
    • Dimensions: 18 X 14
    Living room
    • Level: Main
    • Area: 252
    • Dimensions: 18 X 14
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Dryer, Dishwasher, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater, Washer
    • Laundry: Inside, Laundry Closet
    Features
    • Built-in Features, Cathedral Ceiling(s), Main Level Primary, Split Bedrooms, Storage, Vaulted Ceiling(s)
    • Flooring: Wood
    • Windows: Storm Window(s)
    Interior area
    • Total structure area: 1,402
    • Total interior livable area: 1,294 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: On Street
    • Uncovered spaces: 1
    • Details: CarportSpaces:0.00
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Entry Level Living Area Y
    • Patio & porch: Porch, Screened
    • Exterior features: Outdoor Living Area, Porch, Room For Pool
    • Fencing: Fenced
    • Waterfront features: None
    Lot
    • Size: 6,750 Square Feet
    • Dimensions: 50.0 ft x 135.0 ft
    • Features: < 1/4 Acre
    Details
    • Parcel number: 38434421151630080
    • Zoning: MF-20(
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Single Family Residence
    Materials
    • Frame
    • Roof: Composition,Shingle
    Condition
    • Resale
    • New construction: No
    • Year built: 1941

    Utilities & green energy

    • Electric: 3 Phase
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Natural Gas Available, Sewer Available, Water Available

    Community & HOA

    Community
    • Features: Boat Facilities, Street Lights, Sidewalks
    • Subdivision: LAKE WORTH TOWN OF
    HOA
    • Has HOA: No
    • Amenities included: Boating, None, Trail(s)
    Location
    • Region: Lake Worth

    Financial & listing details

    • Price per square foot: $491/sqft
    • Tax assessed value: $437,864
    • Annual tax amount: $10,896
    • Date on market: 10/31/2025
    • Cumulative days on market: 5 days
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Road surface type: Paved

    Price history

    DateEventPrice
    12/8/2025Sold$635,000-2.3%$491/sqft
    Source: BeachesMLS #R11134098 Report a problem
    11/12/2025Pending sale$650,000$502/sqft
    Source: BeachesMLS #RX-11134098 Report a problem
    11/2/2025Contingent$650,000$502/sqft
    Source: Illustrated Properties #R11134098 Report a problem
    10/31/2025Listed for sale$650,000$502/sqft
    Source: BeachesMLS #RX-11134098 Report a problem
    10/30/2025Pending sale$650,000$502/sqft
    Source: BeachesMLS #RX-11134098 Report a problem
    10/21/2025Listed for sale$650,000+47.7%$502/sqft
    Source: BeachesMLS #RX-11134098 Report a problem
    7/8/2022Sold$440,000+4.8%$340/sqft
    Source: BeachesMLS #F10319961 Report a problem
    4/27/2022Pending sale$420,000$325/sqft
    Source: BeachesMLS #F10319961 Report a problem
    3/10/2022Contingent$420,000$325/sqft
    Source: BeachesMLS #F10319961 Report a problem
    3/9/2022Listed for sale$420,000$325/sqft
    Source: BeachesMLS #F10319961 Report a problem
    2/27/2022Pending sale$420,000$325/sqft
    Source: RE/MAX International #F10319961 Report a problem
    2/27/2022Contingent$420,000$325/sqft
    Source: BeachesMLS #F10319961 Report a problem
    2/25/2022Listed for sale$420,000+74.3%$325/sqft
    Source: BeachesMLS #F10319961 Report a problem
    10/5/2016Sold$241,000-16.6%$186/sqft
    Source: Public Record Report a problem
    10/4/2014Listing removed$289,000$223/sqft
    Source: The J. Michael Luxury Group, LLC #RX-10029238 Report a problem
    4/29/2014Price change$289,000-2.9%$223/sqft
    Source: The J. Michael Luxury Group, LLC #RX-10029238 Report a problem
    4/2/2014Listed for sale$297,500$230/sqft
    Source: The J. Michael Luxury Group, LLC #RX-10029238 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,059 -7.7%$437,864 -6%
    2024$10,896 +3.5%$466,020 +3.8%
    2023$10,524 +92.3%$448,936 +71.5%
    2022$5,473 +0.4%$261,831 +3%
    2021$5,449 -2.3%$254,205 -1.5%
    2020$5,575 -1.2%$258,133 -0.5%
    2019$5,645 $259,444 +2%
    2018$5,645 -8.3%$254,388 +16.8%
    2017$6,152 +11.1%$217,781 +44.8%
    2016$5,536 +27.4%$150,354 +10%
    2015$4,347 +17.7%$136,685 +10%
    2014$3,695 +16.2%$124,259 +10%
    2013$3,178 +1.4%$112,963 +2.8%
    2012$3,136 +100.4%$109,851 +28.7%
    2011$1,564 +2.4%$85,332 +1.5%
    2010$1,528 +6.5%$84,071 +2.7%
    2009$1,435 +39.4%$81,861 +0.1%
    2008$1,029 -18.8%$81,779 +3%
    2007$1,267 -5.3%$79,397 +2.5%
    2006$1,337 $77,460 +3%
    2005-- $75,204 +3%
    2004$806 +674.7%$73,014 +1.9%
    2003$104 -92%$71,653 +2.4%
    2002$1,298 -1.5%$69,974 +1.6%
    2001$1,318 +5.2%$68,872 +3%
    2000$1,254 -25.3%$66,866 +8.2%
    1999$1,678 $61,788
    Find assessor info on the county website

    Neighborhood: Bryant Park

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $651,700
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    Estimated market value
    $651,700