702 Fernwood Drive
West Palm Beach, FL 33405
$650,000
RARE CORNER-LOT DUPLEX! This income-producing property sits on a huge, oversized corner lot in a fast-appreciating neighborhood, just minutes from the beach and Downtown West Palm Beach. Offering a stable rent roll and exceptional value-add potential, the duplex features separate entrances, a brand-new roof, and a spacious lot that provides an excellent foundation for future improvements. Significant renovation upside and attractive pro-forma concepts showcase the property’s full potential. Whether you’re looking for immediate rental income or a long-term hold with room to grow, 702 Fernwood Drive is a great opportunity in a desirable West Palm Beach location.
| List Price: | $650,000 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Living Area: | 1,821 |
| Tax Annual Amount: | $8,515 |
| Waterfront?: | No |
| Subdivision: | Fernwood |
| Year Built: | 1945 |
| Association?: | No |
| Basement Yn: | No |
| Construction Materials: | CBSConcreteBlockStructure, Block |
| Cooling: | CentralAir, CeilingFans, Electric |
| Elementary School: | Palmetto (Palm Beach) |
| Heating: | Central, Electric |
| High School: | Forest Hill |
| Listing Contract Date: | 2026-10-28 |
| Middle Or Junior School: | Conniston Community |
| MLS Area Major: | 5430 |
| Mobile Dim Units: | Feet |
| New Construction?: | No |
| Number Of Units In Community: | 2 |
| Original List Price: | $650,000 |
| Parcel Number: | 74434404160000510 |
| Parking Total: | 2 |
| Possession: | CloseOfEscrow, Negotiable |
| Postal City: | West Palm Beach |
| Property Condition: | Resale |
| Sewer: | PublicSewer |
| Stories Total: | 1 |
| Tax Year: | 2025 |
| Current Price: | $650,000.00 |
| Country Subdivision: | 12099 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:12099:74434404160000510 |
| Listing Id: | A12113114 |
|---|---|
| Property Sub Type: | Duplex |
| City: | West Palm Beach |
| County Or Parish: | Palm Beach |
| Postal Code: | 33405 |
| Number Of Units Total: | 2 |
| Building Area Total: | 1821.0 |
| Cooling?: | Yes |
| Flooring: | Tile |
| Gross Income: | $5,100 |
| Heating?: | Yes |
| Listing Agreement: | ExclusiveRightToSell |
| Listing Terms: | Cash, Conventional, FHA |
| MLS Area Minor: | Pb25 |
| Pool Private?: | No |
| Postal Code Plus4: | 3510 |
| Public Survey Township: | 74 |
| State Or Province: | FL |
| Utilities: | CableAvailable |
| Water Source: | Public |
| Zoning: | SF7 (cit |
| Property Sub Type Additional: | Duplex |
| List Office National Association Id: | 0 |
| Record Signature: | -2,681,347 |
Listing Courtesy of: Douglas Elliman
Listing Agent: John McSherry
610-805-9699
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BeachesMLS data last updated on October 29, 2026 03:48 AM - ET
Property Last Updated: October 29, 2026 03:48 AM - ET
