505 Foresteria DR, Lake Park, FL 33403
505 Foresteria DR, Lake Park, FL 33403
505 Foresteria DR, Lake Park, FL 33403
26
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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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Ingrid Centeno

Ingrid Centeno

+1(786) 450-2650

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,One Story

Bedrooms 3

Full Baths 4

HOA Y/N No

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

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. 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.

Location

State FL

County Palm Beach

Community Kelsey City

Area 5270

Interior

Interior Features Shower Only

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Clay, Tile

Equipment Satellite Dish

Appliance Electric Range, Electric Water Heater, Microwave, Refrigerator

Laundry Washer Hookup, In Garage

Exterior

Exterior Feature Barbecue, Fence

Pool None

Utilities Available Electricity Available, Sewer Available, Water Available

Roof Type Composition,Shingle,Tar/Gravel

Total Parking Spaces 4

Private Pool No

Building

Lot Description <1 Acre, Sprinklers Automatic, < 1/4 Acre

Building Description Aluminum Siding,Block,Stucco, Living Area,Other

Faces South

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Ranch, One Story

Level or Stories One

Structure Type Aluminum Siding,Block,Stucco

Schools

Middle Schools Howell L. Watkins

High Schools Palm Beach Gardens

Others

Pets Allowed No

Senior Community No

Restrictions No Restrictions

Tax ID 36434220010180440

Security Features Smoke Detector(s)

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Pets Allowed No

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

Miami Association of Realtors (SEFMIAMI MLS)
Listed by One Sotheby's International Realty

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505 Foresteria DR

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Ingrid Centeno

Ingrid Centeno

Broker Associate | License ID: 3437611

+1(786) 450-2650

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