$495,000
Lake Worth Beach, FL 33460
MLS# B26027722
1336 sqft
1 / 14
Property Description
Invest in Paradise! This charming 1962 duplex at 1202 S M Street in Lake Worth Beach offers a stellar cash-flow opportunity and amazing upside. Located less than a mile from the ocean, it features two 1-bed/1-bath units on an oversized corner lot, with plenty of room for expansion, add more units, or create a compound! Lake Worth Beach's unique artistic character makes it a winter home for artists from all over the world, thanks to its proximity to the pristine beach, world-class restaurants, and spas. Join the big-time investors who are spending billions rebuilding West Palm Beach and Lake Worth Beach. It's only a matter of time. Buyers should verify any use changes with their investment advisors and the City of Lake Worth Beach.
Details
Maps
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: No
Listing Date: 2026-05-12
Status: Active
Original List Price: 525000
List Price: $495,000
Current Price: $495,000
Listing Service: Full Service
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Lake Worth Beach
Municipality Type: Incorporated
Postal Zip: 33460
Geographic Area: PB16
Special Assessment YN: No
Country: United States
Street Number: 1202
Street Direction Prefix: S
Street Name: M
Street Suffix: Street
State Or Province: FL
Postal Code: 33460
Subdivision Name: LAKE WORTH TOWN OF ADD 1
Area: 5640
Elementary School: Barton
Middle Or Junior School: Lantana Community
High School: Lake Worth
Parcel Number: 38434427010560080
Zoning: SF-R(c
General Property Information
Number Of Units Total: 2
Living Area Main: 1120
Living Area Source: Assessor
Lot Size Dimensions: 50.0 ft x 135.0 ft
Accessibility Features YN: No
Gated Community YN: No
Parking Total: 4
Lot Size Area: 6750
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 1
Stories: 1
Pool Private YN: No
Property Sub Type: Duplex
Building Area Main: 1336
Building Area Source: Public Records
Year Built: 1962
Lot Size Acres: 0.15
Financial Information
Application Required YN: No
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 0
Tax Annual Amount: 9854
Tax Year: 2025
Tax Legal Description: ADD 1 TO TOWN OF LAKE WORTH LT 8 BLK 56
Office/Member Information
DXORIGMLSID: RML
Electric
Three Phase: 1
Exterior Features
None: 1
Flooring
Ceramic Tile: 1
Tile: 1
Leasing Permitted Details
Leasing Permitted YN: Yes
Okay To Lease: 1
Property Condition
Resale: 1
Special Listing Conditions
Standard: 1
Documents Available
Copy Of Lease(s): 1
Deposit - Last Months Rent: 1
Deposit Held: 1
Rent Rolls: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Gas Meters YN: Yes
Separate Water Meters YN: No
Number Of Separate Electric Meters: 2
Number Of Separate Gas Meters: 2
Structure Type
Duplex: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Water: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Sewer
Public Sewer: 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Natural Gas Available: 1
Sewer Available: 1
Water Available: 1
View
Garden: 1
Heating
Electric: 1
Window/Wall: 1
Leasing Restrictions
Leasing - Max Times Per Year: 99
Leasing - Minimum Number of Days: 99
Water Access
None: 1
Window Features
Single Hung Metal: 1
Sliding: 1
Construction Materials
CBS: 1
Laundry Features
None: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Corner Lot: 1
Oversized Lot: 1
Room for Pool: 1
Road Frontage Type
City Street: 1
Road Responsibility
Public Maintained Road: 1
Road Surface Type
Asphalt: 1
Roof
Composition: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 0
Gross Income: 0
Source Of Expenses
Owner Provided: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Wall/Window Unit(s): 1
Pets Allowed YN
Yes: 1
Pets Allowed
No Restrictions: 1
Pet Details
Pet Fee YN: No
Restrictions
No Restrictions: 1
Storm Protection
Accordian Shutters: Partial
Storm Protection Details
Storm Shutters: 1
Tax Information
City/County: 1
Outdoor Living Spaces
Patio: 1
Porch: 1
Patio Details
Patio - Open: 1
Porch Details
Porch - Open: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 1700
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 550
Unit 1 Lease Description
Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2027-04-30
Occupant Type: Tenant
Unit 1 Other Equipment
Air Conditioning Unit: 1
Unit 1 Parking Details
Carport YN: No
Garage YN: No
Unit 1 Parking Features
Open Parking: 1
Parking Space: 1
Other: 1
Unit 1 Patio/Porch
Patio/Porch: 1
Unit 1 Rooms
Laundry Room: 1
Unit 2 Appliances
Range: 1
Refrigerator: 1
Unit 2 Details
Actual Rent: 1650
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 550
Unit 2 Lease Description
Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2026-08-04
Occupant Type: Tenant
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Details
Carport YN: No
Garage YN: No
Unit 2 Parking Features
On Street: 1
Open Parking: 1
Parking Space: 1
Unit 2 Patio/Porch
Patio/Porch: 1
Unit 2 Rooms
Kitchen: 1
Price Calculations
Current Price To SqFt: 441.96
Acreage Description
Less Than 1/4 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-07-06T15:49:11Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-07-06T15:49:11Z
Status Change Date: 2026-05-12
Originating Details
Originating System Key: 20260512224737099980000000
Originating System ID: M00000170
Property Features
Documents Available: Copy Of Lease(s); Deposit - Last Months Rent; Deposit Held; Rent Rolls
Electric: Three Phase
Exterior Features: None
Flooring: Ceramic Tile; Tile
Leasing Permitted Details: Okay To Lease
Property Condition: Resale
Special Listing Conditions: Standard
Structure Type: Duplex
Tenant Pays: Cable TV; Electricity; Water
Source Of Expenses: Owner Provided
Construction Materials: CBS
Cooling: Ceiling Fan(s); Wall/Window Unit(s)
Heating: Electric; Window/Wall
Laundry Features: None
Levels: One
Listing Terms: Cash; Conventional
Lot Features: Corner Lot; Oversized Lot; Room for Pool
Pets Allowed YN: Yes
Pets Allowed: No Restrictions
Possession: Close Of Escrow; Subject To Tenant Rights
Restrictions: No Restrictions
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road
Road Surface Type: Asphalt
Roof: Composition
Sewer: Public Sewer
Storm Protection Details: Storm Shutters
Tax Information: City/County
Utilities: Cable Connected; Electricity Connected; Natural Gas Available; Sewer Available; Water Available
View: Garden
Water Access: None
Water Source: Public
Window Features: Single Hung Metal; Sliding
Outdoor Living Spaces: Patio; Porch
Patio Details: Patio - Open
Porch Details: Porch - Open
Unit 1 Appliances: Range; Refrigerator
Unit 1 Other Equipment: Air Conditioning Unit
Unit 1 Parking Features: Open Parking; Parking Space; Other
Unit 1 Rooms: Laundry Room
Unit 2 Appliances: Range; Refrigerator
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: On Street; Open Parking; Parking Space
Unit 2 Rooms: Kitchen
Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot
Listing Office: Illustrated Properties LLC (Co
Last Updated: August - 01 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
