505 Foresteria DR, Lake Park, FL 33403
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505 Foresteria DR, Lake Park, FL 33403
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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Adriana Robaina

Adriana Robaina

+1(786) 354-0740
$ 750,000
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505 Foresteria DR Lake Park, FL 33403

1,732 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,732 sqft

Price per Sqft $433

Subdivision Kelsey City

MLS Listing ID B26013374

Style One Story,Fourplex

HOA Y/N No

Leases Per Year 365

Year Built 1945

Annual Tax Amount $11,413

Tax Year 2025

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Condominium

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, pickleball, 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, & outstanding investment. 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

Heating Wall Furnace

Cooling Ceiling Fan(s), Wall/Window Unit(s)

Flooring Clay, Tile

Laundry Washer Hookup, In Garage

Exterior

Exterior Feature Fence, None

Pool None

Utilities Available Electricity Available, Sewer Available, Water Available

View Other, Water

Roof Type Composition,Shingle

Street Surface Paved

Private Pool No

Building

Lot Description <1 Acre, Interior Lot, < 1/4 Acre

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style One Story, Fourplex

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

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/unbranded

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

Adriana Robaina

+1(786) 354-0740

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505 Foresteria DR