505 Foresteria Drive
Lake Park, FL 33403
3
Bed
4
Bath
1,732Sqft
6,098.40Sqft(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 4 Full Baths: 4Room Information
Rooms Total: 3Roofing Information
Shingle, TarGravelFlooring Information
Clay, Tile -
Interior Features
None, SeparateShowerRoof: Shingle, TarGravelAppliances: ElectricRange, ElectricWaterHeater, Microwave, Range, Refrigerator, WaterHeaterLaundry Features: WasherHookup, ElectricDryerHookup, Inside, InGarage -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits
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Building Information
Year Built: 1945Building Area Total: 2325Construction Materials: AluminumSiding, Block, Stucco, VinylSidingStories: 1Private Pool: No -
Exterior Features
Exterior Features: Barbecue
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Lot Information
Main Square Feet: 6098.4 Lot Size Acres: 0.14 Lot Description: SprinklersAutomatic,LessThanQuarterAcreProperty Information
Subdivision: KELSEY CITY Source Property Type: Residential Postal Code Plus 4: 3369 Property SubType: Single Family Residence Direction Faces: South Levels: One Property Age: 81
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Listing Price Information
Listing Price: $750000Cash, Conventional, Exchange1031
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Tax Information
Parcel Number: 36434220010180440 Tax Year: 2025 Annual Tax: $11412.7 Tax Legal Desc: KELSEY CITY LTS 44~ 45 & W 1/2 OF LT 46 BLK 18
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Virtual Tour
Parking Information
Parking Total: 4 Driveway, Open, OnStreetGarage Information
Pets Allowed: NoPetRestrictions, Yes
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School Information
Elementary School: Lake Park Junior High School: Howell L. Watkins Senior High School: Palm Beach Gardens -
Utility Information
ElectricityConnected, SewerConnected, WaterConnected -
Location Information
WaterSource: Public Security Features: SmokeDetectors
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 531 Date Palm Drive, Lake Park, FL, 33403 | $400,000 | 2 | 1 | 1,110 | 1,110 SqFt |
| 1515 Crescent Drive, Lake Park, FL, 33403 | $480,000 | 3 | 2 | 1,014 | 1,014 SqFt |
| 711 Laurel Drive, Lake Park, FL, 33403 | $670,000 | 3 | 2 | 1,366 | 1,366 SqFt |
| 220 Lake Shore Drive #2.., Lake Park, FL, 33403 | $2,240,000 | 2 | 3 | 1,780 | 1,780 SqFt |
| 220 Lake Shore Drive #1.., Lake Park, FL, 33403 | $1,449,000 | 2 | 3 | 1,514 | 1,514 SqFt |
| 220 Lake Shore Drive #303, Lake Park, FL, 33403 | $1,995,000 | 2 | 3 | 2,022 | 2,022 SqFt |
| 220 Lake Shore Drive #1.., Lake Park, FL, 33403 | $3,500,000 | 3 | 3 | 2,140 | 2,140 SqFt |
| 220 Lake Shore Drive #817, Lake Park, FL, 33403 | $1,350,000 | 2 | 3 | 1,516 | 1,516 SqFt |
| 810 Lake Shore Drive #19, Lake Park, FL, 33403 | $215,000 | 2 | 1 | 775 | 775 SqFt |
| 1105 Lake Shore Drive #.., Lake Park, FL, 33403 | $269,900 | 2 | 2 | 923 | 923 SqFt |
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ByOwner last updated this listing 07/18/2026 @ 17:56
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