Condo in West Palm Beach, FL 33407

Flagler Landing, 3940 N Flagler Dr #303

Immediate income, long-term upside! This waterfront condo delivers a 5% cap rate with strong tenants in place paying $6,500/month through the end of March 2026, offering dependable cash flow from day one! Located in one of West Palm Beach's most rapidly evolving neighborhoods, this income-producing, turnkey residence offers both short-term return and the opportunity to capitalize on a wave of redevelopment that's already reshaping the North Flagler corridor. The surrounding area is on the cusp of explosive transformation, and savvy investors are already taking notice. Florida's premier homebuilder, GL Homes, has acquired nearly 100 parcels immediately surrounding Flagler Landing with plans to develop a new enclave of single-family luxury homes, while a large-scale waterfront expansion project is planned the adjacent Safe Harbor Rybovich Marina featuring new residential towers, dining, and public boardwalks. Multiple high-rise condo projects by Related and other prominent developers have already been approved or are already under construction along North Flagler, confirming the area's trajectory as West Palm Beach's next major growth corridor. With this much capital flowing in, now is the time to secure a footholdbefore prices catch up to the future that is already taking shape. Located within Flagler Landing, a boutique, guard-gated waterfront community, this nearly 2,000-square-foot condo lives like a spacious private residence, complete with its own private entry foyer, boasts end-to-end modern finishes, soaring ceilings, and an open layout with abundant natural light. The open layout is offered fully furnished with chic, modern pieces from high-end designers including Modani, etc., creating an elegant, move-in-ready experience. The renovated kitchen features striking & expansive waterfall-edge quartz countertops, all stainless steel appliances, all newer cabinetry with accent lighting & tiling, and a walk-in pantry with built-in California Closet shelving. The spacious primary suite includes two walk-in closets and an oversized linen closet - all with matching white California Closets, along with access to a private balcony terrace, and a spa-like bathroom with a large soaking tub & roomy walk-in shower. The guest bedroom comes with its own en-suite bathroom and doublewide closet with the same white built-ins. Other home features include a covered balcony terrace off the living room, a separate laundry room with extra storage space, and two covered, side-by-side garage spaces on the ground level just steps from the elevator. Flagler Landing provides residents with lush tropical landscaping, 24-hour guard-gated security, a well-appointed fitness center, and a resort-style pool with views of the superyachts docked at Safe Harbor Rybovich Marina. Just minutes from downtown West Palm Beach, CityPlace, Palm Beach Island, Brightline, PB international, and the Kravis Center, this location offers lifestyle, connectivity, and long-term growth potential.