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Sold for $545,000
  • $545,000

    437 Monroe Drive, West Palm Beach, FL 33405

    5beds
    1,488sqft
    Single Family Residence
    Built in 1925
    5,600 Square Feet Lot
    $551,000 Zestimate®
    $366/sqft
    $6,292 Estimated rent

    Home value

    $551,000

    $490,000 - $623,000

    $6,292/mo

    Zestimate® history
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    What's special

    Opportunity Knocks! A Dream Property in Vibrant West Palm Beach Located in one of West Palm Beach's most desirable neighborhoods, this Cape Cod-inspired property offers an exceptional lifestyle and incredible value. Just steps from the famed Antique Row and minutes from downtown, this fully fenced tropical retreat boasts charm, versatility, and income potential. Situated on a beautifully landscaped lot, this home features a welcoming wraparound porch, a 1-car garage, and a thoughtfully designed paver brick driveway. Inside, the main house offers 3 bedrooms and 1 bathroom on the main floor, complemented by a loft perfect for an office or additional bedroom. A separate exterior entrance leads to an upstairs apartment, ideal for multi-generational living or accommodating guests, providing added privacy and convenience. Adding even more value, a detached garage apartment with its own private porch serves as a 1-bedroom, 1-bath studio, currently generating $1,500 per month in rental income. The West Palm Beach Lifestyle: " World-Class Dining & Shopping: Stroll to Antique Row for eclectic finds or venture downtown to enjoy upscale dining, designer boutiques, and lively entertainment. " Outdoor Recreation: From waterfront trails along the Intracoastal to kayaking, paddleboarding, and biking, the area offers endless opportunities for active living. " Iconic Events: Celebrate the season at the Winter Holiday Boat Parade or enjoy weekly outings to the renowned West Palm Beach GreenMarket. " Culture at Your Doorstep: Explore the nearby Norton Museum of Art or catch a performance at the Kravis Center for the Performing Arts. " Prime Location: Minutes to Palm Beach Island, Clematis Street, and pristine beaches, this home is at the center of it all. Whether you're seeking a charming residence with built-in rental income and multi-generational living options or an investment in the heart of one of South Florida's most vibrant communities, this property is a rare opportunity to embrace the best of West Palm Beach living. Don't miss your chance to make this dream property yours!

    Zillow last checked:

    Listing updated:

    Listed by:

    James Christopher Hoffman 561-282-8937,

    Emerald Luxe Realty LLC,

    Monica Hoffman PA 561-282-8938,

    Emerald Luxe Realty LLC

    Bought with:

    James Christopher Hoffman, 3047476

    Emerald Luxe Realty LLC

    Monica Hoffman PA, 3047476

    Emerald Luxe Realty LLC

    Source: BeachesMLS,MLS#: R11048598MLS LogoOriginating MLS: BeachesMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 1
    • Main level bedrooms: 3
    Primary bedroom
    • Level: Main
    • Area: 156
    • Dimensions: 12 X 13
    Kitchen
    • Level: Main
    • Area: 128.8
    • Dimensions: 11.2 X 11.5
    Living room
    • Level: Main
    • Area: 162.54
    • Dimensions: 12.9 X 12.6
    Heating
    • Central, Wall Furnace
    Cooling
    • Ceiling Fan(s), Electric
    Appliances
    • Included: Dryer, Dishwasher, Electric Range, Gas Water Heater, Refrigerator, Washer
    • Laundry: Inside, Laundry Closet
    Features
    • Entrance Foyer, Eat-in Kitchen, Living/Dining Room, Main Level Primary
    • Flooring: Carpet
    Interior area
    • Total structure area: 2,705
    • Total interior livable area: 1,488 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Detached, Garage, On Street
    • Garage spaces: 1
    • Uncovered spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Entry Level Living Area Y
    • Patio & porch: Deck, Porch, Wrap Around
    • Exterior features: Outdoor Living Area
    • Fencing: Fenced
    • Has view: Yes
    • View description: Garden
    • Waterfront features: None
    Lot
    • Size: 5,600 Square Feet
    • Features: Sprinklers Automatic, < 1/4 Acre
    Details
    • Additional structures: Outbuilding
    • Parcel number: 74434333280010100
    • Zoning: MF14(c
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Frame, Wood Siding
    • Roof: Composition,Shingle
    Condition
    • Resale
    • New construction: No
    • Year built: 1925

    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: Street Lights
    • Security: Closed Circuit Camera(s)
    • Subdivision: DELLAWANA PLACE
    HOA
    • Has HOA: No
    • Amenities included: Sidewalks
    Location
    • Region: West Palm Beach

    Financial & listing details

    • Price per square foot: $366/sqft
    • Tax assessed value: $370,654
    • Annual tax amount: $5,493
    • Date on market: 1/3/2025
    • Cumulative days on market: 4 days
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    2/12/2025Sold$545,000-0.9%$366/sqft
    Source: BeachesMLS #R11048598 Report a problem
    1/3/2025Listed for sale$550,000+1275%$370/sqft
    Source: BeachesMLS #RX-11048598 Report a problem
    1/5/1999Sold$40,000$27/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,668 +3.2%$305,072 +2.9%
    2024$5,493 -1.4%$296,474 -0.7%
    2023$5,569 +22.3%$298,522 +47.4%
    2022$4,553 +384.9%$202,526 +201.8%
    2021$939 +0.4%$67,113 +1.4%
    2020$936 +0.1%$66,186 +2.3%
    2019$935 $64,698 +1.9%
    2018$935 +9.4%$63,492 +2.1%
    2017$855 +3.2%$62,186 +2.1%
    2016$828 -0.5%$60,907 +0.7%
    2015$833 -2.9%$60,484 +0.8%
    2014$858 +0.7%$60,004 +1.5%
    2013$852 -0.2%$59,117 +1.7%
    2012$853 -7.6%$58,129 -11.8%
    2011$923 +5.2%$65,873 +9.8%
    2010$878 +5.1%$59,982 +2.7%
    2009$836 +11.2%$58,405 +0.1%
    2008$751 -4.8%$58,347 +3%
    2007$789 -3.7%$56,648 +2.5%
    2006$820 $55,266 +3%
    2005-- $53,656 +3%
    2004$414 +298.3%$52,093 +1.9%
    2003$104 -85.5%$51,122 +2.4%
    2002$718 +1.1%$49,924 +1.6%
    2001$710 +5.2%$49,138 +3%
    2000$675 +48.1%$47,707 +10.2%
    1999$456 $43,288
    Find assessor info on the county website

    Neighborhood: 33405

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $551,000
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    Estimated market value
    $551,000