505 Foresteria DR, Lake Park, FL 33403
505 Foresteria DR, Lake Park, FL 33403
505 Foresteria DR, Lake Park, FL 33403
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$750,000
Est. payment /mo
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3 Beds
4 Baths
1,732 SqFt
Active

505 Foresteria DR Lake Park, FL 33403

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Kevin Bryceland

Kevin Bryceland

+1(941) 228-1229

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,732 sqft

Price per Sqft $433

Subdivision Kelsey City

MLS Listing ID B26048563

Style Ranch

Bedrooms 3

Full Baths 4

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 1732

Year Built 1945

Annual Tax Amount $11,412

Tax Year 2025

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Single Family Residence

Property Description

Discover a rare four-unit investment opportunity in the high-growth Lake Park area. This unique property features a three-bedroom main residence plus a triplex with three fully occupied efficiency units, offering immediate rental income from day one. Whether you're an investor seeking strong cash flow or a homeowner looking to offset your mortgage, this property offers exceptional flexibility. Live in the main home while the rental income helps cover your monthly expenses, or maximize its full investment potential and bring in $97,500/yr in revenue. Ideally located just minutes from the Intracoastal Waterway. Singer Island beaches, Publix, US-1, I-95 and Palm Beach International Airport, the property sits in a thriving rental market with excellent long-term growth potential.

Location

State FL

County Palm Beach

Area 5270

Zoning R1 (city)

Direction South

Rooms

Other Rooms Other

Main Level Bedrooms 3

Interior

Interior Features None, Separate Shower

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Clay, Tile

Fireplaces Type Wood Burning

Equipment Satellite Dish

Fireplace Yes

Appliance Electric Range, Electric Water Heater, Microwave, Range, Refrigerator, Water Heater

Laundry Washer Hookup, Electric Dryer Hookup, Inside, In Garage

Exterior

Exterior Feature Barbecue

Parking Features Driveway, Open, On Street

Fence Back Yard, Fenced

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Water Access Desc Public

Roof Type Shingle,Tar/Gravel

Accessibility None

Road Frontage City Street

Total Parking Spaces 4

Garage No

Private Pool No

Building

Lot Description Sprinklers Automatic, < 1/4 Acre

Dwelling Type House

Faces South

Story 1

Entry Level One

Foundation Concrete Perimeter, Raised, Slab

Sewer Public Sewer

Water Public

Architectural Style Ranch

Level or Stories One

Additional Building Other

Structure Type Aluminum Siding,Block,Stucco,Vinyl Siding

New Construction No

Construction Status Resale

Schools

Elementary Schools Lake Park

Middle Schools Howell L. Watkins

High Schools Palm Beach Gardens

Others

Pets Allowed Yes

Senior Community No

Restrictions No Restrictions

Tax ID 36434220010180440

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Membership Fee Required false

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Pets Allowed No Pet Restrictions, Yes

Virtual Tour https://www.propertypanorama.com/505-Foresteria-Drive-Lake-Park-FL-33403--B26048563/unbranded

BeachesMLS, Inc. (FLR) IDX
Listed by Micah L Volmer One Sotheby's International Realty

Nearby Locations

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Kevin Bryceland

Kevin Bryceland

Agent | License ID: 3339206

+1(941) 228-1229

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505 Foresteria DR