Unlock the Potential: Investment Opportunity in West Palm Beach

1022 State Street, West Palm Beach, FL 33401 

Real estate investing is about vision—seeing the potential, seizing the opportunity, and securing long-term financial growth. Whether you're a seasoned investor or an aspiring one, 1022 State Street offers an exceptional chance to own a turnkey income-producing property with expansion potential in one of West Palm Beach’s most rapidly redeveloping areas.

Property Highlights 🏡

✅ Price: $405,000

✅ Lot Size: 7,200 SF with BUILDABLE SPACE!!!

✅ Zoning: Single-Family Residential (potential for subdivision/building)

✅ Bedrooms/Bathrooms: 4 Bed / 2 Bath

✅ Market Rent Value starting at $3500/month for Annual & Airbnb avg daily rate at $307!!!

✅ Modern Upgrades: New roof, A/C, impact windows & doors, fenced yard, security system, and hardwired smoke alarms (2022)

✅ Spacious, Fully Fenced Yard – Endless possibilities for future development

✅ Stylishly Updated Interior – Open-concept kitchen with granite countertops, island, and extended living area with a charming faux fireplace

✅ Beautifully Renovated Bathrooms with contemporary finishes

✅ Low Annual Taxes: $6,087 (2024)

✅ Located in an Opportunity Zone – Potential incentives for primary homeowners (buyers encouraged to verify eligibility)

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A Smart Investment with Limitless Potential 💰

This property is more than just a home—it’s a strategic investment offering multiple ways to maximize your returns: Fill Out the Form Below to Get the MLS Report & More Listings in Your Inbox!

💡Hold & Cash Flow: Maintain the income-producing property and collect $40,800 per year in rental income while benefiting from appreciation.

💡Expand & Develop: Explore the potential to subdivide the lot or build an additional home or multifamily property (buyer to verify feasibility).

💡Split & Sell: Keep the rental property while selling the vacant portion of the lot—or vice versa.

💡Rebuild for Greater ROI: Remove the existing home and develop a larger residential or multifamily project that aligns with the area's growth.

No matter your investment strategy, this property places you in a prime position to capitalize on West Palm Beach’s surging real estate market.

Why Invest in West Palm Beach? 🌴📈

West Palm Beach is flourishing, attracting businesses, investors, and affluent residents at an unprecedented pace. Dubbed “Wall Street South”, the city is experiencing a surge in tech, finance, and luxury real estate, making it one of Florida’s hottest investment destinations.

Market Highlights:

📊 Top Destination for Young, Wealthy Professionals

🏦 $39B in Wealth Moved to Florida – Palm Beach County Led the Way

👔 71,000 Millionaires & 59 Billionaires Call Palm Beach Home

💼 Second Highest Average Salary in Florida: $74,801

🏗 5M Sq. Ft. of New Commercial & Industrial Space in Development

A Location That Can’t Be Beat…

CityPlace (Downtown West Palm Beach): A thriving hub of shopping, dining, art, and entertainment

Clematis Street: Known for its lively nightlife, rooftop dining, and waterfront views

Rybovich Marina: A premier yacht facility attracting luxury clientele

Historic Northwood & The Nora Project: Up-and-coming districts featuring luxury residential, hotel, office, and retail spaces

Vanderbilt Innovation Campus: A future tech and business epicenter for AI, startups, and innovation

📞 Let’s Connect! Your next great investment starts with the right guidance.

As a lifelong Palm Beach County resident of 30+ years and a real estate professional with 15 years of experience, I understand the market inside and out. Living in West Palm Beach, I’m in the heart of its transformation—watching values rise, developments flourish, and opportunities emerge. My passion is helping people make informed, strategic real estate decisions that set them up for success.

Whether you’re considering this property or another, let’s talk!

Your Realtor,

Erica

📲 Call or Text Me :  1 (561) 633-0707

📧 Email Me :  info@myrealtorerica.com

🌐 Follow Me on Instagram: my.realtor.erica

🌐Follow Me on Facebook: My.Realtor.Erica

🌐 Follow Me on LinkedIn: ericabatistarealtor

Important Disclaimer ⚠

All information provided is deemed reliable but not guaranteed. Buyers are encouraged to verify all details, zoning regulations, and development opportunities with local authorities.