Property Description
Rare four-unit investment opportunity in the rapidly growing Lake Park market. This unique property features a main house plus a triplex with three efficiency units, generating $82,200 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.
Address: 505 Foresteria Drive, Lake Park FL 33403
City: Lake Park
Area: KELSEY CITY
State/County: Palm Beach County
Zip: 33403
Country: United States
Property Id: 6071848
Price: $ 750,000
Property Size: 1,732 ft2
Property Lot Size: 0 ft2
Rooms: 3
Bedrooms: 3
Bathrooms: 4
ArchitecturalStyle: Ranch, One Story
BathroomsFull: 4
BathroomsHalf: 0
BathroomsTotalDecimal: 4
BridgeModificationTimestamp: 2026-09-08T22:14:39.204Z
BuildingAreaSource: Owner
BuildingAreaTotal: 2325
BuildingAreaUnits: Square Feet
BuildingFeatures: Barbeque
ConstructionMaterials: Aluminum Siding, CBS Construction, Slab Construction, Stucco
ContractStatusChangeDate: 2026-07-01
Cooling: Wall/Window Unit(s)
CurrentFinancing: Cash
DaysOnMarket: 66
DirectionFaces: South
Electric: 101-200 Amps
ExpirationDate: 2026-10-09
Fencing: Fenced
Flooring: Clay, Tile
Heating: Window/Wall
HighSchool: Palm Beach Gardens
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
InternetAutomatedValuationDisplayYN: 1
InternetConsumerCommentYN: 1
InternetEntireListingDisplayYN: 1
LaundryFeatures: In Garage, Washer Hookup
Levels: 1
ListAOR: BeachesMLS
ListAgentDirectPhone: 561-323-1647
ListAgentEmail: [email protected]
ListAgentFullName: Micah L Volmer
ListAgentKey: d87f298c28ce1865f50e2d57ed3100f9
ListAgentMlsId: FLL765511277
ListAgentOfficePhone: 561-997-7227
ListAgentStateLicense: 3613413
ListOfficeKey: e45141a7c6b4ee66cdeb6d5e2324b0c4
ListOfficeMlsId: FLL279626259
ListOfficeName: One Sotheby's International Realty
ListOfficePhone: 561-997-7227
ListingAgreement: Exclusive Agency
ListingContractDate: 2026-07-01
ListingId: B26048563
ListingKeyNumeric: 526984689
ListingTerms: All Cash, Exchange
LivingAreaUnits: Square Feet
LotFeatures: Less Than 1/4 Acre Lot, Less Than 1 Acre, Fenced
LotSizeSquareFeet: 0
LotSizeUnits: Square Feet
MIAMIRE_LPAmtSqFt: 433.0254
MIAMIRE_RATIO_CurrentPrice_By_SQFT: 433.03
MLSAreaMajor: Kelsey City
MajorChangeTimestamp: 2026-07-31T17:43:11.000Z
MajorChangeType: Back On Market
MiddleOrJuniorSchool: Howell L. Watkins
MlsStatus: Active
ModificationTimestamp: 2026-09-08T22:01:07.660Z
OnMarketDate: 2026-07-01
OriginalEntryTimestamp: 2026-07-04T02:16:05.000Z
OriginalListPrice: 750000
OriginatingSystemID: miamire
OriginatingSystemKey: miamire
OriginatingSystemName: Miami Association of REALTORS®
OtherEquipment: Satellite Dish
OtherExpense: 0
OtherStructures: Livable, Other Bldg Incl
ParcelNumber: 36434220010180440
ParkingFeatures: 2 Or More Spaces, Driveway, Open, On Street
ParkingTotal: 4
PendingTimestamp: 2026-07-28T04:00:00.000Z
PetsAllowed: Yes
PhotosChangeTimestamp: 2026-07-17T01:04:24.703Z
PhotosCount: 26
Possession: Funding, Long Closing Preferred, Negotiable
PostalCodePlus4: 3369
RoadFrontageType: City Street, City
Roof: Comp Shingle Roof, Tar/Gravel, Shingle, Tar & Gravel Roof
SecurityFeatures: Smoke Alarm, Smoke Detector(s), Smoke Detector
Sewer: Public Sewer, Public Sanitation, Sewer
ShowingContactType: Agent
ShowingInstructions: 24 Hour Notice, Appointment Only, Call Listing Agent, Elect Lockbox-Call List Agent, List Agent Must Accompany, Showing Assist, Virtual Showing Available
SourceSystemKey: 526984689
StateOrProvince: FL
StatusChangeTimestamp: 2026-07-31T17:43:11.000Z
Stories: 1
StoriesTotal: 1
StreetName: Foresteria
StreetNumber: 505
StreetNumberNumeric: 505
StreetSuffix: Drive
StructureType: House
SyndicationRemarks: Rare four-unit investment opportunity in the rapidly growing Lake Park market. This unique property features a main house plus a triplex with three efficiency units, generating $82, 200 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.
TaxAnnualAmount: 11412
TaxLegalDescription: KELSEY CITY LTS 44~ 45 & W 1/2 OF LT 46 BLK 18
TaxYear: 2025
Utilities: Electricity Available, Sewer Available, Water Available
WaterSource: Public
YearBuilt: 1945
YearBuiltDetails: Resale
Zoning: R1 (city)
Has Cooling System
Barbeque
Has Heating System
Open Parking
No Interior Features
Utility/Laundry In Garage
Electrical Utility Available
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