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    West Palm Beach Townhome Title is generated by Realmo AI

    2404 24th Way, West Palm Beach, FL 33407

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    For Sale
    $295,000

    MULTI_FAMILY - Other - West Palm Beach, FL

    Property size:
    1,236 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $238/SF
    Added:
    Jan 12, 2026
    Days on Market:
    118
    Last Refresh:
    May 9 at 11:06 pm

    Property Features for 2404 24th Way

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RPD(ci
    Bedrooms
    2
    Bathrooms
    3
    Rooms
    Bathroom 2, Bathroom 3, Family Room, Bedroom 2, Bathroom 1, Bedroom 1, Laundry Room
    Patio and Porch features
    Patio
    Pets allowed
    Yes
    Fencing
    Fenced
    Appliances
    Electric Water Heater, Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer, Water Heater
    Standard status
    Active
    APN
    74424301080001371
    Size
    1,236 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    VILLAGE OF SANDALWOOD LAKES PL 2 LT 137A
    Tax Annual Amount
    4216
    Expense value
    150
    Expense
    Application Fee
    Expense freq.
    One Time

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1984
    Floors in Building
    2
    Flooring type
    Laminate, Tile - Ceramic
    Building materials
    CBS, Stucco
    Architectural style
    Other

    We can help!

    Listing Contact
    Madelyn Anne Hurst

    Listing agent Madelyn Anne Hurst License #3337854

    Listing office The Keyes Company (Tequesta) 218 N U.S. Highway One, Miami, FL

    Listing date Jan 12, 2026

    MLS# R11153725 Listing URL

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Updated kitchen with GRANITE COUNTERTOPS, high‑end cabinetry, and stainless steel appliances
    • Private fenced patio/courtyard
    • Community amenities include a HEATED POOL, parks, racquetball courts, tennis, jogging trail, and kid's playground
    • Convenient location near restaurants, shopping, Palm Beach Outlets, downtown West Palm Beach, and PBI airport
    • Maintenance fee includes water, cable, roof maintenance, and building insurance
    • Updated bathrooms and tile flooring throughout the downstairs

    Overview

    Located in the Sandalwood Lakes community of West Palm Beach, this townhome features two bedrooms and two and a half bathrooms. The property includes a private fenced patio and courtyard. The kitchen has been updated with granite countertops, high-end cabinetry providing ample storage, and stainless steel appliances. The bathrooms have also been updated. White tile flooring is present throughout the downstairs area. A half bath and laundry facilities are located on the first floor. Community amenities include a heated pool, parks, racquetball courts, tennis courts, a jogging trail, and a children's playground. The monthly maintenance fee covers water, cable, roof maintenance, and building insurance. The property is conveniently located near restaurants, shopping, the Palm Beach Outlets, downtown West Palm Beach, Palm Beach International Airport, and major highways. The property is zoned RPD(ci and has a lot size of 0.03 acres. The property size is 1236 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.103659
    Latitude
    26.75071

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    FAQs

    What type of property is this?
    Residential income property - Two-bedroom townhome in Sandalwood Lakes community, West Palm Beach.
    Where is this residential income property located?
    The property is located at 2404 24th Way West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Updated kitchen with GRANITE COUNTERTOPS, high‑end cabinetry, and stainless steel appliances; Private fenced patio/courtyard; Community amenities include a HEATED POOL, parks, racquetball courts, tennis, jogging trail, and kid's playground
    (561) 214-5517
    We can help!
    Listing Contact
    Madelyn Anne Hurst
    Real Estate License ID: 3337854
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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