305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403
KELSEY CITY · Palm Beach County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Structure Type
Quadruplex
Year Built
1928
Living Area
2,919 sq ft
Lot Size
0.29 acres
Lot Dimensions
75.0 ft x 168.0 ft
Parking Spaces
10
Zoning
R1(cit
Days on Market
280
MLS® Listing#
R11126199
Property Features
Exterior
Cooling
Heating
Flooring
Fencing
Lot Features
Construction
Roof
Windows
Other Structures
Utilities
Sewer
Water Source
Schools
- Elementary:
- Lake Park
- Middle:
- Howell L. Watkins
- High:
- Palm Beach Gardens
Financial Details
HOA
None
Annual Taxes
$16,966
Tax year 2025
Parcel Number
36434220010690440
Directions
US-1 to Cypress Dr.
Affordability Calculator
$270,000
Estimated monthly payment
$7,185/mo
Principal $1,080,000 · Est. interest $1,506,696 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lake Park, FL
- $351,908
- Median Listing Price
- 86
- Median Days on Market
- 1,560
- Median Sq Ft
- $208
- Median Price / Sq Ft
- 4,040
- Active Listings
- This home’s price is 284% above the area median.
- Its price per sq ft is 122% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lake Park, FL.
Location
- 305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403
Points of Interest in Lake Park, FL
Showing the Lake Park area map.
Nearby Schools
Lake Park Elementary School
Elementary · 0.1 mi away
CSB Media Arts Center North Palm Beach, Fl
Secondary · 0.4 mi away
Palm Beach Code School
School · 0.4 mi away
Coastal Middle & Senior High School
Secondary · 0.4 mi away
Lake Park Baptist School
Secondary · 0.5 mi away
Inlet Grove Community High School
Secondary · 0.7 mi away
Twiggs Academy
School · 0.7 mi away
Baldwin Prep School
Elementary · 0.8 mi away
The Conservatory School
School · 1.1 mi away
Maccabi Academy
School · 1.2 mi away
Faith Lutheran Church
School · 1.3 mi away
R J Hendley Christian Community School
School · 1.3 mi away
Riviera Beach Maritime Academy
School · 1.5 mi away
Academy of North Palm Beach
School · 1.6 mi away
Snow White Private School
School · 1.6 mi away
Washington Elementary
Elementary · 1.6 mi away
Potentials Charter School
Elementary · 1.7 mi away
Connecticut School of Broadcasting
School · 1.8 mi away
Palm Beach Code School
School · 1.8 mi away
Palm Beach County School District
Elementary · 1.8 mi away
Commute Calculator
Moving Cost Estimate
EXIT Agents in Lake Park
Listing Courtesy: RE/MAX Prestige Realty/Wellington - 5617988080
The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.