305 Cypress Drive E 1,2,3,4,5 Lake Park, FL $ 1,450,000
305 Cypress Drive E 1,2,3,4,5
$ 1,450,000
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305 Cypress Drive E 1,2,3,4,5

Lake Park, FL, 33403
$ 1,450,000
Baths4.0 Sq 2,903

Monthly Estimate*

$ 8,928

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Studio

Multi-Family Home for sale in Lake Park, FL

for $1,450,000 with 4 full baths. This 2,903 square foot home was built in 1928 on a lot size of 0.29.

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.

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Multi-Family Active

Price

$ 1,450,000

Bedrooms

Studio

Full Bath

4

Property Type

Multi-Family

Taxes

$ 16,966

Style

Lot Size

0.29

Year Built

1928

Town/City

Lake Park

County/Region

Palm Beach

MLS | Web ID

R11126199

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Available Sewer Available Water Available
Possession Close Of Escrow
Roof Composition
Construction Materials Block Frame Stucco
Year Built 1928
Electric 3 Phase
Tenant Pays Cable TV Electricity Insurance
Stories Count 2
Levels Two
Unit Number 1 2 3 4 5
Property Subtype Quadruplex
Tax Year 2025
Gross Income 0
Waterfront Features None
County Palm Beach
Net Operating Income 0
New Construction false
Property Type Residential Income
Association Amenities None
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
Legal Description 3-44-42 E 225 FT OF N 200 FT OF S 1035.13 FT OF NE 1/4
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Interior
Flooring Carpet Ceramic Tile Linoleum
Air Conditioning Y/N true
Heating Y/N true
Window Features Storm Window(s)
Total Baths 4
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Exterior
Fencing Fenced
Lot Features 1/4 to 1/2 Acre Lot Sprinklers Automatic Sprinkler System
Water Source Multiple Meters Public
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
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* Excluded Features
List By
Fabian Robert McCullon

Listing Agent

Affordability Calculator

$10,342
Per Month
86%
14%
0%
Monthly Principal & Interest
$8,928
Monthly Property Taxes
$1,414
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.
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Nearby
4797948 Elementary School
4796548 Middle School
Palm Beach Gardens High School High School
Pricing History
DatePricePrice ChangeDescription
2/5/2026$1,450,000 -10.77% Price Down
1/15/2026$1,625,000 Listed Price

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305 Cypress Drive E 1,2,3,4,5, Lake Park, FL, 33403 is a Multi-Family Home for sale at $1,450,000 with 2,903 sqft and a lot size of 0.29. 305 Cypress Drive E 1,2,3,4,5 is a studio with 4.0 baths and was built in 1928. The property's zip code is 33403 which is in Lake Park, FL