7871 TERRACE ROAD Lantana, FL $ 499,999
7871 TERRACE ROAD
$ 499,999
Recently Listed
Share Save

7871 TERRACE ROAD

Lantana, FL, 33462
$ 499,999
Bedrooms2 Baths2.0 Sq 944

Monthly Estimate*

$ 3,079

7871 TERRACE ROAD, Lantana, FL 33462 - Image 1
7871 TERRACE ROAD, Lantana, FL 33462 - Image 2
7871 TERRACE ROAD, Lantana, FL 33462 - Image 3
7871 TERRACE ROAD, Lantana, FL 33462 - Image 4
7871 TERRACE ROAD, Lantana, FL 33462 - Image 5
7871 TERRACE ROAD, Lantana, FL 33462 - Image 6
7871 TERRACE ROAD, Lantana, FL 33462 - Image 7
7871 TERRACE ROAD, Lantana, FL 33462 - Image 8
7871 TERRACE ROAD, Lantana, FL 33462 - Image 9
7871 TERRACE ROAD, Lantana, FL 33462 - Image 10
7871 TERRACE ROAD, Lantana, FL 33462 - Image 11
7871 TERRACE ROAD, Lantana, FL 33462 - Image 12
7871 TERRACE ROAD, Lantana, FL 33462 - Image 13
7871 TERRACE ROAD, Lantana, FL 33462 - Image 14
7871 TERRACE ROAD, Lantana, FL 33462 - Image 15
7871 TERRACE ROAD, Lantana, FL 33462 - Image 16
7871 TERRACE ROAD, Lantana, FL 33462 - Image 17
7871 TERRACE ROAD, Lantana, FL 33462 - Image 18
7871 TERRACE ROAD, Lantana, FL 33462 - Image 19
View a Virtual Tour

Multi-Family Home for sale in Lantana, FL

for $499,999 with 2 bedrooms and 2 full baths. This 944 square foot home was built in 1955 on a lot size of 0.23.

*Exceptional Turnkey Multi-Family Investment Opportunity *Discover a cash-flowing, income-producing asset perfectly positioned for the savvy investor or owner-operator. This 2-bedroom, 2-bathroom duplex delivers immediate rental income with remarkable upside potential. Unit A is currently vacant, but a recent tenant was paying $1,500 per month, while Unit B has been successfully operated as an Airbnb, grossing an impressive $31,000 last year. Both units have been freshly remodeled and feature modern laminate flooring throughout, stylish breakfast bars, and updated finishes that attract quality tenants and guests alike. Unit B showcases brand new wood cabinets and comes fully furnished, equipped with a coffee maker, microwave, couch, bed, two televisions, computer desk, and chair — meaning you can begin generating Airbnb income from day one with zero additional investment. Major capital improvements have already been completed, including a brand new roof installed in 2024 and two wall-mounted AC units added to each unit in 2024. These significant upgrades provide peace of mind and reduce future maintenance costs, allowing you to maximize your returns immediately. Whether you choose to continue the current dual-income strategy, convert both units to long-term rentals, or occupy one unit while the other pays your mortgage, the flexibility of this property is unmatched. Located in the desirable Lantana community with easy access to beaches, dining, and local attractions, this duplex is ideally suited for short-term rental demand. This property is easy to show and ready for its next owner. Schedule your private tour today and start building your real estate portfolio. No assignable contracts.

See more

Multi-Family Active

Price

$ 499,999

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 8,337

Style

Duplex

Lot Size

0.23

Year Built

1955

Town/City

Lantana

County/Region

Palm Beach

MLS | Web ID

TB8490469

Features
General
Sewer Public Sewer
Heating None
Cooling Wall/Window Unit(s)
Utilities Public
Roof Shingle
Appliances Convection Oven Refrigerator
Zoning RM
Construction Materials Stucco
Year Built 1955
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
Gross Income 49000
County Palm Beach
New Construction false
Property Type Residential Income
Subdivision Name TROPICAL TERRACE
Garage Y/N false
Status Active
Directions Heading north on I-95 N Take exit 59 for Gateway Blvd. Turn right onto E Gateway Blvd. Drive 0.1 miles then turn left onto N Seacrest Blvd. Drive 0.5 miles and turn right onto Miner Rd. Drive another 0.6 miles then turn left onto Terrace Rd. In 0.1 miles destination will be on the left.
City LANTANA
Senior Community Y/N false
MLS Area 33462 - Lake Worth
Lot Size Units Square Feet
Lot Size Square Feet 10000
Carport Y/N false
Listing Terms Cash Conventional FHA VA Loan
Land Lease Y/N false
Tax Annual Amount 8337
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8490469
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 87
Legal Description TROPICAL TERRACE LTS 87 & 88
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
See more
Interior
Interior Amenities Ceiling Fan(s) Eating Space In Kitchen Solid Surface Counters Solid Wood Cabinets
Flooring Laminate
Air Conditioning Y/N true
Heating Y/N false
Fireplace Y/N false
Laundry Features None
Total Bedrooms 2
Total Baths 2
See more
Exterior
Exterior Amenities Private Entrance
Water Source Public
Lot Size Area 10000
Foundation Details Block
Number of Buildings 1
Lot Size Acres 0.23
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
See more
* Excluded Features
List By
Richard Peters Realty Llc

Broker

kevious.realtor@gmail.com

Email

Affordability Calculator

$3,773
Per Month
82%
18%
0%
Monthly Principal & Interest
$3,079
Monthly Property Taxes
$695
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/25/2026$499,999 Listed Price

Map


See all

7871 TERRACE ROAD, Lantana, FL, 33462 is a Multi-Family Home for sale at $499,999 with 944 sqft and a lot size of 0.23. 7871 TERRACE ROAD has 2 bedrooms, 2.0 baths, and was built in 1955. The property's zip code is 33462 which is in Lantana, FL