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Sold for $545,000
  • $545,000

    8719 40th Terrace N, Palm Beach Gardens, FL 33410

    4beds
    2baths
    1,930sqft
    Duplex, Multi Family, Multi Family
    Built in 1969
    -- sqft lot
    $550,000 Zestimate®
    $282/sqft
    $2,440 Estimated rent

    Home value

    $550,000

    $490,000 - $622,000

    $2,440/mo

    Zestimate® history
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    $3,779/mo

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    $3,779/mo

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    What's special

    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 greeted by lush tropical landscaping, separate oversized driveways for each unit, and a fully fenced yard, providing privacy and ample parking for both units. Step inside to discover a bright and open-concept floor plan with beautifully laid tile floors, upgraded baseboards, and LED recessed lighting throughout. The stylish kitchen is a chef's dream, featuring solid wood cabinetry with upgraded hardware, stunning quartz countertops, a decorative backsplash, stainless steel Samsung appliances, a farmhouse sink, and a breakfast bar for casual dining. The expansive living room is perfect for relaxation, enhanced by large windows that fill the space with natural light and sliding glass doors leading to a private backyard. Both bedrooms are generously sized, offering custom-built closet organizers, upgraded ceiling fans, and elegant window treatments. The modern bathroom is equally impressive, featuring a solid wood double vanity, upgraded light fixtures, and a beautifully tiled shower/tub combo with stylish hardware. Step outside to find private fenced-in yards for each unit, offering a serene retreat for outdoor enjoyment. One unit includes a detached utility building with a washer, dryer, and a spacious storage room, while the other unit has its own indoor washer and dryer. The location is unbeatablejust minutes from shopping, dining, entertainment, downtown Palm Beach Gardens, I-95, Florida Turnpike and PBI Airport, with Publix within walking distance for ultimate convenience. Whether you're looking for a turnkey investment or a comfortable home with rental income, this meticulously updated duplex is a rare find in Palm Beach Gardens. Don't miss out on this incredible opportunity!

    Zillow last checked:

    Listing updated:

    Listed by:

    Brett A Colby 561-903-4200,

    RE/MAX Direct

    Bought with:

    Andres Londono, 3346052

    Safebound Realty LLC

    Source: BeachesMLS,MLS#: R11058894MLS LogoOriginating MLS: BeachesMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric
    Features
    • Flooring: Tile
    • Windows: Blinds
    Interior area
    • Total structure area: 2,034
    • Total interior livable area: 1,930 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Porch
    • Exterior features: Outdoor Living Area, Room For Pool
    • Fencing: Fenced
    • Has view: Yes
    • View description: Other
    • Waterfront features: None
    Lot
    • Size: 0.44 Acres
    • Features: 1/4 to 1/2 Acre Lot, Sprinkler System
    Details
    • Additional structures: Shed(s)
    • Parcel number: 52424224000001700
    • Zoning: RM(cit

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family, Multi Family
    Materials
    • Block, Concrete
    • Roof: Metal
    Condition
    • Resale
    • New construction: No
    • Year built: 1969

    Utilities & green energy

    • Electric: 3 Phase
    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Cable Available, Water Available

    Community & HOA

    Community
    • Subdivision: PALM BEACH GARDENS
    HOA
    • Has HOA: No
    • Amenities included: None
    Location
    • Region: Palm Beach Gardens

    Financial & listing details

    • Price per square foot: $282/sqft
    • Tax assessed value: $371,785
    • Annual tax amount: $7,636
    • Date on market: 2/4/2025
    • Cumulative days on market: 2 days
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Tenant pays: Cable TV, Electricity
    • Road surface type: Paved

    Price history

    DateEventPrice
    4/18/2026Listing removed$2,200$1/sqft
    Source: BeachesMLS Report a problem
    3/30/2026Listed for rent$2,200$1/sqft
    Source: BeachesMLS #B26008621 Report a problem
    4/5/2025Listing removed$2,200$1/sqft
    Source: BeachesMLS #R11070354 Report a problem
    3/11/2025Listed for rent$2,200$1/sqft
    Source: BeachesMLS #R11070354 Report a problem
    3/10/2025Sold$545,000-0.9%$282/sqft
    Source: BeachesMLS #R11058894 Report a problem
    2/7/2025Pending sale$550,000$285/sqft
    Source: BeachesMLS #RX-11058894 Report a problem
    2/4/2025Listed for sale$550,000+50.7%$285/sqft
    Source: BeachesMLS #RX-11058894 Report a problem
    5/23/2022Sold$365,000$189/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,433 +10.4%$332,869 +10%
    2024$7,636 -5.7%$302,608 -6.6%
    2023$8,097 +39.5%$324,148 +97.9%
    2022$5,803 +8.4%$163,833 +10%
    2021$5,353 +4.9%$148,939 +10%
    2020$5,102 +3.6%$135,399 +10%
    2019$4,925 $123,090 -12%
    2018$4,925 +8%$139,817 +3.7%
    2017$4,559 $134,777
    Find assessor info on the county website

    Neighborhood: 33410

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Grove Park
    • Middle: John F. Kennedy (Palm Beach)
    • High: Palm Beach Gardens

    Source: BeachesMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $550,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $550,000