907 Marina Dr #401 · North Palm Beach, FL 33408

$239,800

2 bd · 2.0 ba · 1,178 sqft · Condo public records · 91 Days on market

Built 1969 $847/mo HOA · 23% of rent

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +22.2/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +7.1/10.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Corner Unit on top floor! Desireable North Palm Beach location with exciting views of the NPB Marina all the way to Singer Island. A short walk to the NPB Country Club which boasts the new and improved Jack Niclaus Signature Golf Course. Located in the heart of NPB, near the best of shopping (Gardens Mall, Downtown at the Gardens, Legacy and more), Dining, Golfing and Boating. Small building, low maintenance fees. Spacious floorplan with BIG views. Sorry-no pets.

Key facts

• Overlooks the marina
• $847 HOA
• Parking

Tags

• WINDOWS ON THREE SIDES
• PENTHOUSE CORNER UNIT
• GOLF COURSE STEPS AWAY
• BOAT SLIPS AVAILABLE FOR LEASE
• OVERLOOKS THE MARINA

Property features AI

Finance

• Other: Waterfront property with marina and intracoastal access; Community of 40 units; No pets allowed; Senior community
• HOA & community: Condo association with monthly fee; Association amenities: heated pool, elevator(s), laundry, picnic area, car wash area; HOA fee covers cable TV, insurance, grounds maintenance, pest control, trash, common areas, elevator, legal/accounting, pool service

Exterior

• Parking: Assigned covered detached carport (1 space)
• Utilities: Public water; Public sewer; Electricity connected; Cable available
• Home design: Condominium; One level; Resale condition; East-facing
• Construction: CBS construction; Other roof; 4-story building; Built on standard foundation
• Exterior features: Open patio; Patio

Interior

• Kitchen: Electric range; Electric cooktop; Microwave; Dishwasher; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms on the main level
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central heating (individual controls); Central air conditioning
• Interior features: Split bedroom layout; Negotiable furnishings
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $240k.

Deal economics

• At list price, monthly cash flow is $389 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $240k).
• Recommended offer: $218k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 77/100 on livability (#184 in FL, #2,894 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living D-.
• Palm Beach (suburban): math 46% / reading 53% proficiency, ranked #34 of 73 in FL (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Howell L. Watkins Middle School (math 18% / reading 33%, grade F, #512 of 571 statewide, top 90%, 794 students, 76% FRL); Palm Beach Gardens High School (math 19% / reading 40%, grade F, #447 of 667 statewide, top 68%, 2,570 students, 61% FRL) — zoned schools average 69% FRL vs 52% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 28% at this address vs 50% district-wide (-22 pts) — the specific schools serving this property underperform the Palm Beach average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 403 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
• At $3,691/mo this rent would consume 48% of the median local household income ($92k/yr) (locally 835% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Palm Beach County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($218k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 21y ago; this cycle's ask has dropped $90k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $115k; list at $240k implies a 109% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 23% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $218,218 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.54% ✓
• Cap rate: 8.24%
• Cash-on-cash: 6.95%
• DSCR: 1.31
• GRM: 5.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.27% rent growth · sell at horizon

5-year hold

• IRR: -9.9%
• Equity multiple: 0.65×
• Total profit: $-23,366
• Equity at exit: $35,755

10-year hold

• IRR: -6.9%
• Equity multiple: 0.64×
• Total profit: $-24,398
• Equity at exit: $20,734

Cash invested: $67,144 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33408

• Rents YoY: 0.3%
• Active inventory: 403
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $3,691 high
• Mortgage (P&I): −$1,258
• Tax from tax record: −$322 /mo · $3,870/yr
• Insurance: −$100
• HOA: −$847
• Vacancy / Maint / Mgmt: −$775
• Net cashflow: $389

Break-even live

Break-even rent $3,199

Max offer price $239,800

Occupancy floor 84%

Sensitivity live

Price	-10% $525	-5% $457	+0% $389	+5% $321	+10% $253
Rent	-10% $97	-5% $243	+0% $389	+5% $535	+10% $681
Rate	-1.0pp $510	-0.5pp $450	base $389	+0.5pp $327	+1.0pp $264

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $59,950
• Closing costs: $7,194
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
29 Yacht Club Dr #306 North Palm Beach, FL	2.0	2.0	1200	$3,000	$2.50	3d	1	0.17mi
20 Yacht Club Dr #405 North Palm Beach, FL	2.0	2.0	1010	$3,000	$2.97	25d	1	0.20mi
60 Yacht Club Dr #405 North Palm Beach, FL	2.0	2.0	1423	$3,100	$2.18	19d	1	0.23mi
52 Yacht Club Dr North Palm Beach, FL	2.0	2.0	1130	$3,375	$2.99	17d	2	0.25mi
52 Yacht Club Dr #308 North Palm Beach, FL	2.0	2.0	1130	$3,800	$3.36	13d	1	0.25mi
124 Lakeshore Dr #4280 North Palm Beach, FL	2.0	2.0	1422	$3,750	$2.64	21d	1	0.45mi
126 Lakeshore Dr Unit 927 North Palm Beach, FL	2.0	2.0	1422	$3,250	$2.29	25d	1	0.45mi
134 Lakeshore Dr Unit T13 North Palm Beach, FL	2.0	2.0	1244	$3,250	$2.61	25d	1	0.52mi
132 Lakeshore Dr #1118 North Palm Beach, FL	3.0	2.5	1498	$6,450	$4.31	25d	1	0.53mi
130 Lakeshore Dr #923 North Palm Beach, FL	2.0	2.0	1244	$3,300	$2.65	25d	1	0.53mi
136 Lakeshore Dr North Palm Beach, FL	2.0	2.0	1244	$4,000	$3.22	5d	1	0.53mi
429 Inlet Rd North Palm Beach, FL	3.0	2.5	1452	$6,500	$4.48	25d	1	0.76mi
700 Sanctuary Cove Dr West Palm Beach, FL	1.0–3.0	1.0–2.0	1120	$2,584	$2.31	0d	55	0.85mi
2539 Wabash Dr West Palm Beach, FL	3.0	2.5	1468	$5,500	$3.75	25d	1	0.88mi
1660 Twelve Oaks Way #203 North Palm Beach, FL	2.0	2.0	1492	$7,500	$5.03	20d	1	0.96mi
549 Fairwind Dr North Palm Beach, FL	3.0	2.0	1498	$5,000	$3.34	25d	1	1.00mi
526 Eastwind Dr Unit 526 North Palm Beach, FL	2.0	1.0	840	$3,995	$4.76	25d	1	1.04mi
524 Eastwind Dr Unit 524 North Palm Beach, FL	2.0	1.0	774	$3,995	$5.16	25d	1	1.04mi
522 Eastwind Dr North Palm Beach, FL	2.0	2.0	948	$3,995	$4.21	25d	1	1.05mi
2100 PGA Blvd Palm Beach Gardens, FL	1.0–2.0	1.0–2.0	983	$3,113	$3.17	0d	9	1.10mi
11521 Landing Pl Unit E1 North Palm Beach, FL	2.0	2.0	1130	$7,000	$6.19	25d	1	1.20mi
624 Southwind Cir #2 North Palm Beach, FL	2.0	2.0	718	$3,750	$5.22	25d	1	1.21mi
624 Southwind Cir Apt 4 North Palm Beach, FL	3.0	2.0	1134	$4,750	$4.19	25d	1	1.21mi
624 Southwind Cir Unit 3 North Palm Beach, FL	3.0	3.0	1316	$5,500	$4.18	25d	1	1.21mi
2396 Easy St Unit A Palm Beach Gardens, FL	2.0	1.0	948	$3,500	$3.69	25d	1	1.21mi
908 Lighthouse Dr North Palm Beach, FL	3.0	2.0	1478	$4,250	$2.88	25d	1	1.23mi
913 Lighthouse Dr North Palm Beach, FL	3.0	2.5	1092	$5,900	$5.40	25d	1	1.25mi
308 Southwind Ct Unit 8 North Palm Beach, FL	2.0	2.0	1100	$2,900	$2.64	25d	1	1.33mi
2545 Conroy Dr West Palm Beach, FL	3.0	2.0	1066	$3,295	$3.09	25d	1	1.39mi

HOA detail condo

• Monthly dues: $847 · $10,164/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 40 events

1. 2026-06-21
   pricedays on market $239,800 Active 91 DOM
2. 2026-06-18
   days on market $239,900 Active 88 DOM
3. 2026-06-17
   pricedays on market $239,900 Active 87 DOM
4. 2026-06-16
   days on market $255,000 Active 86 DOM
5. 2026-06-15
   days on market $255,000 Active 85 DOM
6. 2026-06-13
   pricedays on market $255,000 Active 83 DOM
7. 2026-06-09
   days on market $259,000 Active 79 DOM
8. 2026-06-08
   days on market $259,000 Active 78 DOM
9. 2026-06-07
   days on market $259,000 Active 77 DOM
10. 2026-06-04
    days on market $259,000 Active 74 DOM
11. 2026-06-03
    days on market $259,000 Active 73 DOM
12. 2026-06-02
    days on market $259,000 Active 72 DOM
13. 2026-06-01
    days on market $259,000 Active 71 DOM
14. 2026-06-01
    price $259,000 Active 70 DOM
15. 2026-05-31
    days on market $259,500 Active 70 DOM
16. 2026-05-16
    price $259,500
17. 2026-05-09
    price $259,800
18. 2026-05-06
    price $259,900
19. 2026-04-28
    price $295,900
20. 2026-04-25
    price $318,800
21. 2026-04-25
    price $318,900
22. 2026-04-14
    price $319,000
23. 2026-04-01
    price $319,900
24. 2026-03-21
    listed $329,900 Active
25. 2010-04-09
    soldstatus $115,000
26. 2010-04-09
    soldstatus $115,000
27. 2010-04-09
    soldstatus $115,000
28. 2010-04-09
    soldstatus $115,000
29. 2010-04-09
    soldstatus $115,000
30. 2010-04-08
    soldstatus $115,000 467-char remark

    Show marketing remark (467 chars)

    Corner Unit on top floor! Desireable North Palm Beach location with exciting views of the NPB Marina all the way to Singer Island. A short walk to the NPB Country Club which boasts the new and improved Jack Niclaus Signature Golf Course. Located in the heart of NPB, near the best of shopping (Gardens Mall, Downtown at the Gardens, Legacy and more), Dining, Golfing and Boating. Small building, low maintenance fees. Spacious floorplan with BIG views. Sorry-no pets.

31. 2010-04-01
    historical 467-char remark

    Show marketing remark (467 chars)

    Corner Unit on top floor! Desireable North Palm Beach location with exciting views of the NPB Marina all the way to Singer Island. A short walk to the NPB Country Club which boasts the new and improved Jack Niclaus Signature Golf Course. Located in the heart of NPB, near the best of shopping (Gardens Mall, Downtown at the Gardens, Legacy and more), Dining, Golfing and Boating. Small building, low maintenance fees. Spacious floorplan with BIG views. Sorry-no pets.

32. 2010-02-09
    listed $140,000 467-char remark

    Show marketing remark (467 chars)

    Corner Unit on top floor! Desireable North Palm Beach location with exciting views of the NPB Marina all the way to Singer Island. A short walk to the NPB Country Club which boasts the new and improved Jack Niclaus Signature Golf Course. Located in the heart of NPB, near the best of shopping (Gardens Mall, Downtown at the Gardens, Legacy and more), Dining, Golfing and Boating. Small building, low maintenance fees. Spacious floorplan with BIG views. Sorry-no pets.

33. 2008-03-30
    historical
34. 2007-01-16
    historical
35. 2006-12-29
    listed $290,000
36. 2005-07-10
    listed $290,000
37. 1999-01-26
    soldstatus $87,000
38. 1998-02-05
    soldstatus $95,000
39. 1988-06-01
    soldstatus $82,000
40. 1985-12-01
    soldstatus $89,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $3,870 · $322/mo
• Projected year-2 tax: $3,870 · $322/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 26 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $44,291
• − Mortgage interest: −$13,433
• − Property taxes: −$3,870
• − Insurance: −$1,199
• − Repairs & maintenance: −$3,543
• − Management: −$3,543
• − HOA: −$10,164
• − Depreciation: −$6,976
• Taxable income: $1,564
• Est. tax owed @ 24.0%: −$375
• After-tax cash flow: $4,292/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Palm Beach
• NCES district ID: 1201500
• Math proficiency: 46% ▼ -16.00%
• Reading proficiency: 53% ▼ -4.00%
• Median HH income: $53,943
• Composite: 42.72/100
• National rank: #3160
• State rank: #34 of 73 in FL

Livability — North Palm Beach

• Score: 77/100
• State rank: #184
• US rank: #2894

Category grades

Amenities F Commute F Cost of living D- Crime A+ Employment A+ Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Palm Beach, FL
• County: Palm Beach County · 1,438,312 people
• City population: 18,817
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 18,817
• Household income: $92,216
• Rent vs Own: 26.0% rent · 74.0% own
• Severe rent burden: 835.0

Population outlook (Palm Beach County) Hauer SSP2

• Today (2025): 1,637,487 people
• By 2030: 1,743,255 · +6.5%
• By 2040: 1,948,712 · +19.0%
• By 2050: 2,132,979 · +30.3%
• By 2075: 2,530,027 · +54.5%
• By 2100: 2,706,979 · +65.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 9% Two or more races 7% Black 1% Asian 1%
• Hispanic origin (detail): Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 4% Slovak 3% Romanian 3%
• Foreign-born: 11% · Canada, Jamaica, Guatemala
• Languages at home: 89% English-only · Spanish 7% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Palm Beach

• 2024 margin: Toss-up / Even · D 50.0% · R 49.2%
• 2008→2024 swing: -22.1pp toward R · 2008: 22.9pp · 2024: 0.8pp
• All cycles: 2024: D+0.8 2020: D+12.8 2016: D+15.3 2012: D+17.0 2008: D+22.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -223.14%
• Current HPI: 365.2913
• Rent YoY: ▲ 0.27%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+189.9% since first listed

25 events — show timeline

• 2026-05-16 Price Changed $259,500 Beaches MLS
• 2026-05-09 Price Changed $259,800 Beaches MLS
• 2026-05-06 Price Changed $259,900 Beaches MLS
• 2026-04-28 Price Changed $295,900 Beaches MLS
• 2026-04-25 Price Changed $318,800 Beaches MLS
• 2026-04-25 Price Changed $318,900 Beaches MLS
• 2026-04-14 Price Changed $319,000 Beaches MLS
• 2026-04-01 Price Changed $319,900 Beaches MLS
• 2026-03-21 Listed $329,900 Beaches MLS
• 2010-04-09 Sold (Public Records) $115,000 Public Records
• 2010-04-09 Sold (Public Records) $115,000 Public Records
• 2010-04-09 Sold (Public Records) $115,000 Public Records
• 2010-04-09 Sold (Public Records) $115,000 Public Records
• 2010-04-09 Sold (Public Records) $115,000 Public Records
• 2010-04-08 Sold (MLS) $115,000 Beaches MLS
• 2010-04-01 Listing Removed — Beaches MLS
• 2010-02-09 Listed $140,000 Beaches MLS
• 2008-03-30 Listing Removed — Beaches MLS
• 2007-01-16 Listing Removed — Beaches MLS
• 2006-12-29 Listed $290,000 Beaches MLS
• 2005-07-10 Listed $290,000 Beaches MLS
• 1999-01-26 Sold (Public Records) $87,000 Public Records
• 1998-02-05 Sold (Public Records) $95,000 Public Records
• 1988-06-01 Sold (Public Records) $82,000 Public Records
• 1985-12-01 Sold (Public Records) $89,500 Public Records

Property tax history

+3.9%/yr

Latest (2025): $3,870 · -16.3% YoY. Source: county tax records.