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505 Foresteria Drive

Lake Park, FL 33403
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$750,000 $3,162/Mo
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Bed 3

Bed

Bath 4

Bath

SqFt1,732

Sqft

SqFt6,256

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $750,000

AD Id : 76933990

MLS Id : B26013374

Beds : 3

Lot Size : 6,256 Sqft

Living Area Size : 1,732

Year Built : 1945

County : Palm Beach

Subdivision: Kelsey City

  • Map Map

Map

Feature Features

  • Interior Features

    Roof: Composition, Shingle
    Laundry Features: WasherHookup, InGarage

  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: CeilingFans, WallWindowUnits

  • Building Information

    Year Built: 1945
    Building Area Total: 2325
    Construction Materials: AluminumSiding, Block, Stucco
    Stories: 1
    Pool Features: None
    Private Pool: No
    View: Other, Water

  • Exterior Features

    Exterior Features: Fence, None

  • Lot Information

    Main Square Feet: 6256 Lot Size Acres: 0.14 Lot Size Square Feet: 6,256 Lot Description: LessThanOneAcre,InteriorLot,LessThanQuarterAcre

    Property Information

    Subdivision: KELSEY CITY Source Property Type: ResidentialIncome MLS Area Minor: Palm Beach 5270; 5280; 5290 Postal Code Plus 4: 3369 Zoning Description: R1 (city) Property SubType: Condominium Levels: One Property Age: 81

  • Listing Price Information

    Listing Price: $750000
    Cash, Exchange1031

  • Tax Information

    Parcel Number: 36434220010180440 Tax Year: 2025 Annual Tax: $11413 Tax Legal Desc: KELSEY CITY LTS 44~ 45 & W 1/2 OF LT 46 BLK 18

  • Garage Information

    Pets Allowed: No

  • School Information

    Elementary School: Junior High School: Howell L. Watkins Senior High School: Palm Beach Gardens

  • Utility Information

    ElectricityAvailable, SewerAvailable, WaterAvailable

  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
305 Cypress Drive #1,2,.., Lake Park, FL, 33403 $1,350,000 8 4 2,903 2,903 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/31/2026 @ 18:44

MLS: B26013374 LISTED BY: Micah Volmer, One Sotheby's International Realty 561-997-7227 SOURCE: SEFMIAMI

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