$750,000
Lake Park, FL 33403
MLS# B26048563
Status: Active Under Contract
3 beds | 4 baths | 2325 sqft
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Property Description
Rare four-unit investment opportunity in the rapidly growing Lake Park market. This unique property features a main residence plus a triplex with three efficiency units, generating $86,400 in annual gross rental income with immediate cash flow. Ideally located just minutes from the Intracoastal Waterway, Singer Island beaches, marina, brewery, theater, Publix, US-1, I-95, and Palm Beach International Airport. Per current zoning and permitting information, the property may accommodate up to 10 units (buyer to verify). The main house also offers potential to convert to a 3BR/2BA. Whether you're looking to renovate, add value, or hold for long-term income, this property offers exceptional upside in a high-demand rental market. Quiet street, easy to rent, and outstanding investment potential.
Details
Maps
Contract Information
Comp Sale YN: No
Occupant Type: Call Listing Agent
Listing Date: 2026-07-01
Status: Active Under Contract
Original List Price: 750000
List Price: $750,000
Current Price: $750,000
Listing Service: Full Service
Location and Legal
County Or Parish: Palm Beach
Municipality Type: Incorporated
Municipal Code: 36
Geographic Area: PB26
Subdivision Number: 1
Special Assessment YN: No
Flood Zone: X
Country: United States
Street Number: 505
Street Name: Foresteria
Street Suffix: Drive
State Or Province: FL
Postal Code: 33403
Postal Code +4: 3369
Subdivision Name: KELSEY CITY
Area: 5270
Elementary School: Lake Park
Middle Or Junior School: Howell L. Watkins
High School: Palm Beach Gardens
Parcel Number: 36434220010180440
Zoning: R1 (city)
General Property Information
Adjusted Area Main: 1926
Living Area Main: 1732
Living Area Source: Public Records
Accessibility Features YN: No
Gated Community YN: No
Lot Size Area: 6098.4
Senior Community YN: No
Stories Total: 1
Stories: 1
Fireplace YN: Yes
Pool Private YN: No
Guest House YN: No
Property Sub Type: Single Family Residence
Bedrooms Total: 3
Bathrooms Total: 4
Bathrooms Full: 4
Building Area Main: 2325
Building Area Source: Owner
Year Built: 1945
Parking Total: 4
Lot Size Acres: 0.14
Direction Faces: South
Financial Information
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 0
Membership Fee Required YN: No
Tax Annual Amount: 11412.7
Tax Year: 2025
Tax Legal Description: KELSEY CITY LTS 44~ 45 & W 1/2 OF LT 46 BLK 18
Office/Member Information
DXORIGMLSID: RML
Exterior Features
Barbecue: 1
Fireplace Features
Wood Burning: 1
Flooring
Clay: 1
Tile: 1
Foundation Details
Concrete Perimeter: 1
Raised: 1
Slab: 1
Leasing Permitted Details
Leasing Permitted YN: Yes
Okay To Lease: 1
Parking Features
Driveway: 1
On Street: 1
Open: 1
Parking Information
Open Parking Spaces: 4
Property Condition
Resale: 1
Special Listing Conditions
Standard: 1
Fencing
Back Yard: 1
Fenced: 1
Structure Type
House: 1
Other Structures
Other: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Heating
Window/Wall: 1
Sprinkler Description
Auto Sprinkler: 1
Leasing Restrictions
Leasing - Max Times Per Year: 365
Leasing - Minimum Number of Days: 1
Appliances
Electric Range: 1
Microwave: 1
Refrigerator: 1
Water Heater: 1
Range: 1
Construction Materials
Aluminum Siding: 1
CBS: 1
Stucco: 1
Vinyl Siding: 1
Interior Features
None: 1
Laundry Features
Electric Dryer Hookup: 1
In Garage: 1
Inside: 1
Washer Hookup: 1
Levels
One: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Other: 1
Other Equipment
Satellite Dish: 1
Road Frontage Type
City Street: 1
Roof
Shingle: 1
Tar/Gravel: 1
Security Features
Smoke Detector(s): 1
Water Source
Public: 1
Water Heater Details
Electric Water Heater: 1
Architectural Style
Ranch: 1
Cooling
Wall/Window Unit(s): 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Agent: 1
Listing Agent Must Accompany: 1
Occupied: 1
Showing Service: 1
Main Level Rooms
Main Level Bathrooms: 4
Main Level Bedrooms: 3
Master Bedroom/Bath
Separate Shower: 1
Pets Allowed YN
Yes: 1
Pets Allowed
No Restrictions: 1
Pet Details
Pet Fee YN: No
Restrictions
No Restrictions: 1
Tax Information
Tax Reflects No Exemptions: 1
Contingencies
Other: 1
Room Types
Kitchen: 1
Living Room: 1
Master Bedroom: 1
Price Calculations
Current Price To SqFt: 433.02
Acreage Description
Less Than 1/4 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-07-28T18:48:25Z
Major Change Type: Status Change
Status Change Date: 2026-07-28
Under Contract Type: Active Under Contract
Under Contract Date: 2026-07-28
Originating Details
Originating System Key: 20260703212427668728000000
Originating System ID: M00000170
Property Features
Exterior Features: Barbecue
Fireplace Features: Wood Burning
Flooring: Clay; Tile
Foundation Details: Concrete Perimeter; Raised; Slab
Leasing Permitted Details: Okay To Lease
Parking Features: Driveway; On Street; Open
Property Condition: Resale
Special Listing Conditions: Standard
Appliances: Electric Range; Microwave; Refrigerator; Water Heater; Range
Water Heater Details: Electric Water Heater
Architectural Style: Ranch
Construction Materials: Aluminum Siding; CBS; Stucco; Vinyl Siding
Cooling: Wall/Window Unit(s)
Fencing: Back Yard; Fenced
Heating: Window/Wall
Interior Features: None
Laundry Features: Electric Dryer Hookup; In Garage; Inside; Washer Hookup
Levels: One
Listing Terms: 1031 Exchange; Cash; Other
Other Equipment: Satellite Dish
Other Structures: Other
Pets Allowed YN: Yes
Pets Allowed: No Restrictions
Possession: Close Of Escrow; Negotiable
Restrictions: No Restrictions
Road Frontage Type: City Street
Roof: Shingle; Tar/Gravel
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Sprinkler Description: Auto Sprinkler
Structure Type: House
Tax Information: Tax Reflects No Exemptions
Utilities: Electricity Connected; Sewer Connected; Water Connected
Water Source: Public
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Occupied; Showing Service
Contingencies: Other
Room Types: Kitchen; Living Room; Master Bedroom
Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot
Supplements
All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer. Be advised that cameras may exist recording audio and video inside/outside the property, such as ring doorbells. Photos are digitally enhanced and could be altered, please verify.
Room Information
| Room Name |
| Kitchen |
| Living Room |
| Master Bedroom |
Listing Office: One Sotheby's International Realty
Last Updated: July - 30 - 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.
