7124 71st Way, West Palm Beach, FL 33407 — MLS photo

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7124 71st Way, West Palm Beach, FL 33407

Active · Townhouse

$285,000

7124 71st Way, West Palm Beach, FL 33407

Beds
2
Baths
3
Living area
1,236 sq ft
$ / sq ft
$231/sq ft
Year built
1987
Lot size
—
HOA fee
$501 Monthly
Annual tax
$5,807

About this property

Outstanding opportunity for an Investor or First-Time Buyer. The monthly HOA of approximately $501 delivers exceptional value, covering water, sewer, trash, high-speed internet (Blue Stream Fiber), landscaping, insurance, and common areas—creating a truly low-maintenance, predictable ownership experience. Investor-friendly with a minimum 4-month rental policy, offering strong rental flexibility and consistent demand potential—ideal for both long-term holds and seasonal use. Fully renovated and move-in ready, this 2-bedroom, 2.5-bath townhome offers 1,236 sq ft of modern living in a highly desirable West Palm Beach community. From the moment you arrive, you’re welcomed by a private, gated patio—perfect for relaxing or entertaining. The home has been completely updated with a clean, contemporary design featuring quartz countertops, brand-new stainless steel appliances, new lighting throughout, and beautifully renovated bathrooms with stylish tile and modern finishes. The layout offers two spacious bedrooms, each with its own updated bathroom, plus a convenient half-bath downstairs for guests. Custom built-in closets provide excellent storage and functionality. Ideally positioned within the community, enjoy added privacy along with close proximity to the pool and amenities. Conveniently located near shopping, dining, parks, and major roadways with easy access to beaches and downtown West Palm Beach. Minutes from Palm Beach Outlets, City Place, and Okeeheelee Park.

Property location

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7124 71st Way, West Palm Beach, FL 33407

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Facts & features

Interior

Bedrooms
2
Bathrooms
3
Living area
1,236 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Water Heater, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Dual Sinks, First Floor Entry

Exterior & Structure

Property type
Townhouse
Year built
1987
Stories
2
Construction
Block
Exterior features
Balcony, Patio
Pool
Association
View
Garden

Parking

Garage spaces
0
Covered spaces
0
Parking features
Guest, One Space

HOA, Community & Financials

Association fee
$501 Monthly
Fee inclusions
Amenities, Hvac, Insurance, Maintenance Structure, Roof, Trash
Amenities
Pool
Pets allowed
Conditional, Yes
Annual tax
$5,807
Subdivision
HERITAGE VILLAGE OF P B L
County
Palm Beach
Days on market
170
MLS listing ID
A12002066
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

$206

Cap rate
6.6%
Net yield
6.6%
Cash-on-cash return
3.1%
Gross yield
12.7%
Mortgage payment
$1,351/mo
Down payment
$71,250
Loan amount
$213,750
Annual NOI
$18,683

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.