505 Foresteria Drive, Lake Park, FL 33403
KELSEY CITY · Palm Beach County
Key Facts
Description
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 Information
Property Type
Residential
Sub-Type
Single Family Residence
Structure Type
House
Year Built
1945
Stories
1
Living Area
2,325 sq ft
Lot Size
0.14 acres
Parking Spaces
4
Zoning
R1 (city)
Days on Market
15
MLS® Listing#
B26048563
Property Features
Exterior
Appliances
Cooling
Heating
Flooring
Fireplace
Parking
Laundry
Fencing
Construction
Foundation
Roof
Security
Other Structures
Utilities
Sewer
Water Source
Rooms
- Kitchen
- Living Room
Schools
- Elementary:
- Lake Park
- Middle:
- Howell L. Watkins
- High:
- Palm Beach Gardens
Financial Details
HOA
None
Annual Taxes
$11,413
Tax year 2025
Parcel Number
36434220010180440
Affordability Calculator
$150,000
Estimated monthly payment
$3,992/mo
Principal $600,000 · Est. interest $837,053 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lake Park, FL
- $352,930
- Median Listing Price
- 84
- Median Days on Market
- 1,560
- Median Sq Ft
- $204
- Median Price / Sq Ft
- 3,971
- Active Listings
- This home’s price is 113% above the area median.
- Its price per sq ft is 58% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lake Park, FL.
Location
Points of Interest in Lake Park, FL
Showing the Lake Park area map.
Nearby Schools
Coastal Middle & Senior High School
Secondary · 0.1 mi away
Lake Park Baptist School
Secondary · 0.2 mi away
Lake Park Elementary School
Elementary · 0.3 mi away
CSB Media Arts Center North Palm Beach, Fl
Secondary · 0.5 mi away
Palm Beach Code School
School · 0.5 mi away
Twiggs Academy
School · 0.5 mi away
Inlet Grove Community High School
Secondary · 0.8 mi away
Baldwin Prep School
Elementary · 0.8 mi away
Maccabi Academy
School · 0.9 mi away
The Conservatory School
School · 1.0 mi away
Faith Lutheran Church
School · 1.1 mi away
R J Hendley Christian Community School
School · 1.2 mi away
Academy of North Palm Beach
School · 1.3 mi away
Snow White Private School
School · 1.3 mi away
Washington Elementary
Elementary · 1.5 mi away
Bright Futures Academy Charter School
School · 1.5 mi away
Connecticut School of Broadcasting
School · 1.6 mi away
Palm Beach Code School
School · 1.6 mi away
Riviera Beach Maritime Academy
School · 1.8 mi away
Suncoast Community High School
Secondary · 1.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 6892 Perdido Bay Terrace, Lake Worth, FL | $525,000 | 4 | 3 | 1,887 |
| 445 NEWPORT Drive, Orange Park, FL | $525,000 | 6 | 6 | 2,430 |
| 1757 N 12th Ct Court N, Lake Worth Beach, FL | $525,000 | 3 | 2 | 1,440 |
| 7904 HAMPTON COURT, UNIVERSITY PARK, FL | $525,000 | 3 | 2 | 1,930 |
| 2105 N Federal Highway, Lake Worth Beach, FL | $525,000 | 2 | 1 | 1,001 |
| 5090 GREENS DRIVE, LADY LAKE, FL | $525,000 | 4 | 3 | 2,532 |
Moving Cost Estimate
EXIT Agents in Lake Park
Listing Courtesy: One Sotheby's International Realty - 5619977227
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.