1 / 27400 45th Street, West Palm Beach FL 33407
West Palm Beach, FL
List Price
$985,000
Type
Single Family
Bedrooms
4
Bathrooms
3
Price / SqFt
$560/sqft
Price reduction
10.5% below original list — was $1,100,000
Est. equity
-12%
Comp ARV
$1,008,000
Max offer
$699,190
From the listing
THIS IS YOUR FLORIDA PARADISE IN THE CHARMING HISTORIC NORTHWOOD RESIDENCE LOCATED ADJACENT TO THE INTRACOASTAL WATERS. HOME OFFERING 4 BEDROOMS AND 3 BATHROOMS, A LIGHT AND BRIGHT KITCHEN, TILED FLOORS, ARCHED DOORWAYS, AND SPACIOUS LIVING AREAS. FEATURES INCLUDE SPACIOUS DUAL MASTER SUITES AND A SEPARATE GUEST QUARTERS WITH SPACE FOR KITCHENETTE. JUST FOOTSTEPS TO THE SANDY BEACHES. VERY WELL KEPT AND UPDATED HOME THAT CAN BE USED IN SO MANY WAYS WITH A 2 CAR GARAGE. CURRENTLY USED AS AN AIRBNB. YOU CAN WALK ACROSS THE STREET TO THE PUBLIC PARK LOCATED ON THE WATERWAY. MANY ACTIVE ACTIVITIES INCLUDE BIKING, KAYAKING, RUNNING, AND VARIOUS WATER-SPORTS. A SPECTACULAR LOCATION IN WEST PALM BEACH.
Property Information
- Square Feet
- 1,760
- Units
- 1
- Days on Market
- 480
- Status
- active
Location
- County
- Palm Beach County
- Zip Code
- 33407
- Coordinates
- 26.7526, -80.0530
Represented by Academia
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Why this deal
- 10.5% off original list price
- Value-add opportunity
- Represented end-to-end by Academia
- Active listing — move quickly
Deal Score
32/100
Thin
is scored →
~-12% estimated equity to comp-based ARV (full marks at 30%+). Estimate — verify comps + rehab.
10.5% off original list (full marks at 25%+).
480 days on market (full marks at 120+ — more time = more leverage).
No explicit distress language in the public remarks.
A screen of the public MLS data we have — not an appraisal, valuation, or investment advice.
Deal scorecard
How four stakeholders read this deal
Strengths
- Flood zone X — outside the Special Flood Hazard Area; flood insurance not federally mandated
Risks
- Negative estimated equity — buying above estimated ARV, verify comps
- thin equity — lender-unfriendly LTV (≈ 98% of ARV)
What a super-investor sees
Investor
Investor equity estimate based on ARV from closed MLS comps minus list price and estima…
- Negative estimated equity — buying above estimated ARV, verify comps
What a bank sees
Lender / financing
Lender financeability estimate based on list price, ARV, and condition signals. Not a f…
- thin equity — lender-unfriendly LTV (≈ 98% of ARV)
What an insurer sees
Insurance / 4-point
insurability v1. Miami-Dade is entirely within the HVHZ (High-Velocity Hurricane Zone) …
- Flood zone X — outside the Special Flood Hazard Area; flood insurance not federally mandated
What a GC / AHJ sees
Permits / condition
Permit data from county permit records; may lag; verify open permits with the AHJ. Limi…
4-point — last permit
- Roofnone
- Electricalnone
- Plumbingnone
- HVACnone
Estimates from public data — not an appraisal, insurance quote, or financing commitment. Insurability as of 2026-07-24. Verify with licensed professionals.
Deal calculator
Value-add deal calculator
400 45th Street, West Palm Beach FL 33407, West Palm Beach, FL
Comp-based ARV — 8 closed comp(s), medium confidence.
Recommended max offer
$685,600
Room vs list (above list)
$299,400
Est. equity
-$117,810
-12% of ARV, at list
ROC at list
-10%
Est. all-in at list
$1,125,810
list + rehab + txn + carry
70% rule MAO
$685,600
Estimates only — not investment advice or an offer. ARV is drawn from recent closed comps; rehab from a rate-card range. Verify ARV, rehab, and all costs with a licensed professional before acting.
The comps behind the ARV
$1,008,000 after-repair value
5 recent closed sales nearby · medium confidence · range $481,000–$1,483,000
| Closed sale | Close $ | $/sqft | Date |
|---|---|---|---|
| 4008 Greenwood Ave, West Palm Beach FL 334070.5 mi | $530,000 | $315 | 2026-07-02 |
| 208 34th Street, West Palm Beach FL 33407renovated0.6 mi | $1,200,000 | $796 | 2026-07-13 |
| 528 32nd Street, West Palm Beach FL 33407renovated0.7 mi | $1,550,000 | $842 | 2026-06-02 |
| 523 31st Street, West Palm Beach FL 334070.8 mi | $760,000 | $361 | 2026-05-29 |
| 535 28th Street, West Palm Beach FL 334070.9 mi | $1,050,000 | $502 | 2026-05-27 |
Comparable data, not an appraisal. ARV is the median closed $/sqft of these comps applied to this home's size. Verify condition, location, and adjustments independently.