Price Reduction
Address
305 Cypress Drive E 1,2,3,4,5, Lake Park, FL
Price
$ 1,280,000
Property Attributes
- MLS#R11126199
- TypeSingle Family
- Listing Status Active
- CountyPalm Beach
- CityLake Park
- Area5270
- NeighborhoodKELSEY CITY
- Zip33403
- Style
- Year Built1928
- Taxes$ 16966
- Price$ 1,280,000
- Bedrooms0
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage2903
- Lot Size0.29 Acres
Data Source:
Beaches MLS (FL)
Property Description
Discover this exceptional 5-unit apartment property, a rare opportunity that combines convenience, comfort, and strong investment potential. Four units feature spacious 2-bedroom, 1-bathroom layouts, while the fifth is a charming standalone cottage, offering privacy and versatility for unique rental opportunities. The property has been meticulously maintained inside and out, with beautifully landscaped grounds that enhance its curb appeal. All tenants are currently on month-to-month annual leases, providing flexibility and convenience for the new owner. Each unit is separately metered for both electric and water, maximizing efficiency and reducing overhead. Residents enjoy central air conditioning, impact windows for added comfort and security, as well as the convenience of an on-site laundry facility. The property also comes equipped with a full surveillance system for enhanced safety. Ideally located just blocks from the scenic Intracoastal Waterway, the property offers easy access to shopping, dining, and entertainment. The main roof will be replaced prior to closing, ensuring peace of mind and long-term value. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly desirable location.
| Elementary School | Middle School | High School |
|---|---|---|
| Lake Park Elementary School | Howell L. Watkins Middle School | Palm Beach Gardens High School |
| Price History | |
|---|---|
| 1/15/2026 | Listed $1,625,000 |
| 2/5/2026 | 11$1,450,000 |
| 6/18/2026 | 7$1,350,000 |
| 8/18/2026 | 5$1,280,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | Central |
| Cooling | CentralAir |
| Utilities | CableAvailable,SewerAvailable,WaterAvailable |
| Possession | CloseOfEscrow |
| Roof | Composition |
| Construction Materials | Frame,Stucco |
| Year Built | 1928 |
| Electric | Phases3 |
| Tenant Pays | CableTv,Electricity,Insurance |
| Stories Count | 2 |
| Levels | Two |
| Unit Number | 1,2,3,4,5 |
| Property Subtype | Quadruplex |
| Tax Year | 2025 |
| Waterfront Features | None |
| Accessibility | None |
| County | Palm Beach |
| New Construction | false |
| Property Type | ResidentialIncome |
| Subdivision Name | KELSEY CITY |
| Other Structures | Outbuilding |
| Status | Active |
| Directions | US-1 to Cypress Dr. |
| High School | Palm Beach Gardens |
| City | Lake Park |
| Senior Community Y/N | false |
| Number Of Units Total | 4 |
| MLS Area | 5270 |
| Elementary School | Lake Park |
| Tax Annual Amount | 16966 |
| Middle/Junior High School | Howell L. Watkins |
| Property Condition | Resale |
| Virtual Tour | https://www.propertypanorama.com/305-Cypress-Drive-12345-Lake-Park-FL-33403/unbranded |
| Standard Status | Active |
| Property Sub Type Additional | Quadruplex |
| PostalCity | Lake Park |
| Legal Description | 3-44-42, E 225 FT OF N 200 FT OF S 1035.13 FT OF NE 1/4 |
Interior Features
| Flooring | Carpet,CeramicTile,Linoleum |
|---|---|
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Window Features | StormWindows |
| Total Baths | 4 |
Exterior Features
| Exterior Amenities | Courtyard,Garden,Other |
|---|---|
| Fencing | Fenced |
| Lot Features | QuarterToHalfAcreLot,SprinklersAutomatic,SprinklerSystem |
| Water Source | MultipleMeters,Public |
| Total Parking | 10 |
| Lot Size Area | 12595 |
| Building Area Total | 2919 |
| Lot Dimensions | 75.0 ft x 168.0 ft |
| Lot Size Acres | 0.29 |
| Waterfront Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33403
Price
Taxes
Year Built
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
