505 Foresteria Drive

Lake Park, FL
$ 750,000 Beds 3 Baths 4 Sq 1,732 Virtual Tour
Monthly Estimate* How much can I afford?

Rare four-unit investment opportunity in the rapidly growing Lake Park market. This unique property features a main house plus a triplex with three efficiency units, generating $82,200 in annual gross rental income with immediate cash flow. Ideally located just minutes from the Intracoastal Waterway, Singer Island beaches, marina, brewery, theater, 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, and outstanding investment potential. 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.

Active

  • Price
  • $ 750,000
  • City
  • Lake Park
  • Bedrooms
  • 3
  • Full Bathrooms
  • 4
  • County
  • Palm Beach
  • Half Bathrooms
  • 0
  • Area
  • 5270
  • Lot Size
  • 0.14 Acres
  • Zip
  • 33403
  • Sqr Footage
  • 1,732
  • Year Built
  • 1945
  • Taxes
  • $ 11412
  • Style
  • MLS#
  • B26048563
Listed By: One Sotheby's International Realty
Data Source: Beaches MLS (FL)

Features

General

Membership Required false
Sewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Utilities Electricity Connected,Sewer Connected,Water Connected
Possession Close Of Escrow,Negotiable
Roof Shingle,Tar/Gravel
Appliances Electric Range,Electric Water Heater,Microwave,Range,Refrigerator,Water Heater
Architectural Style Ranch
Security Features Smoke Detector(s)
Construction Materials Aluminum Siding,Block,Stucco,Vinyl Siding
Pets Allowed No Pet Restrictions,Yes
Year Built 1945
Electric 150 Amp Service
Stories Count 1
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Accessibility None
County Palm Beach
New Construction false
Property Type Residential
Subdivision Name KELSEY CITY
Facing Direction South
Garage Y/N false
Other Structures Other
Full Baths 4
Status Active
High School Palm Beach Gardens
City Lake Park
Senior Community Y/N false
MLS Area 5270
Carport Y/N false
Elementary School Lake Park
Tax Annual Amount 11412.7
Middle/Junior High School Howell L. Watkins
Property Condition Resale
MLS Area Minor PB26
Standard Status Active
Occupancy Type Call Agent
Property Sub Type Additional Single Family Residence
PostalCity Lake Park
Legal Description KELSEY CITY LTS 44~ 45 & W 1/2 OF LT 46 BLK 18

Interior Features

Interior Amenities None,Separate Shower
Flooring Clay,Tile
Fireplace Features Wood Burning
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features Washer Hookup,Electric Dryer Hookup,Inside,In Garage
Total Bedrooms 3
Main Level Bedrooms 3
Main Level Bathrooms 4
Total Baths 4

Exterior Features

Private Pool false
Exterior Amenities Barbecue
Fencing Back Yard,Fenced
Parking Features Driveway,Open,On Street
Lot Features Sprinklers Automatic,< 1/4 Acre
Water Source Public
Total Parking 4
Lot Size Area 6098.4
Foundation Details Concrete Perimeter,Raised,Slab
Building Area Total 2325
Lot Size Acres 0.14
Waterfront Y/N false
Road Frontage Type City Street
Other Equipment Satellite Dish

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

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Stuart, FL office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Lake Park Elementary School
Middle School Howell L. Watkins Middle School
High School Palm Beach Gardens High School

Price History

7/7/2026 Listed $750,000

Property vs Zip Code Average in 33403

Price
AVG $410K
$750K
Taxes
AVG $4,960
$11,412
Year Built
AVG 1959
1945

505 Foresteria Drive Lake Park, FL is a Single Family Home for sale at $750000 with 1732 sqft and a lot size of 0.14 Acres Acre(s). 505 Foresteria Drive Lake Park has 3 bedrooms, 4 baths and was built in 1945. The property's zip code is 33403 which is in Lake Park, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.