307 N Federal Highway, Lake Worth Beach, FL 33460

$849,000 Asking Price

4 beds
4 baths
1,732  sqft
Built in 1902

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

Features & Amenities

Interior

General:
Eat-in Kitchen,Fireplace,Kitchen/Dining Combo,Split Bedrooms,Walk-In Closet(s)
Appliances:
Dryer,Dishwasher,Electric Range,Disposal,Gas Water Heater,Microwave,Refrigerator,Washer
Flooring:
Ceramic Tile
A/C:
true, Central Air,Ceiling Fan(s),Electric
Heating:
true, Central,Electric
Fireplace:
Decorative

Exterior

General:
Fence,Porch
Style:
Other,Spanish/Mediterranean
Pool:
Heated,Pool
Parking:
Driveway,Two or More Spaces

Construction

Roofing:
Composition,Spanish Tile,Tile
Windows:
Impact Glass
General:
Frame, 2

Location

HOA Amenities:
Other
Originating MLS:
FTL
County:
Palm Beach

Lot

Zoning:
TOWN OF LAKE WORTH LT 15 /LESS E 5 FT SR R/W/ BLK 94, 38434421150940150
View:
Garden,Pool

Utilities

Utilities:
Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available
Water:
Public
Sewer:
Public Sewer

Financial

Source:
FTL

This listing courtesy of:
Illustrated Properties LLC, Jon Allen

About Lake Worth Beach, FL

Housing

Number of Units
14,705
Median Home Value
$242,764
Median Rent
$952

56.49% of housing units are renter occupied.

9.86% are vacant.

Commute

Car
73.36%
Public Transportation
3.83%
Walk to Work
1.41%
Work from Home
18.80%
Other
1.41%

The median travel time to work is 27 minutes.

People

Population
35,636
Median Age
37.40
Median Household Size
2.72

Education

High School
23.53%
Associate’s Degree
8.98%
Bachelor’s Degree
11.88%
Graduate Degree
8.70%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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