126 N Palmway 1-3, Lake Worth Beach, FL 33460

$1,400,000

Virtual Tour

https://www.propertypanorama.com/126-N-Palmway-13-Lake-Worth-Beach-FL-33460/unbranded

Property Type: Residential Income Square Footage: 2,696 Lot Size (sq. ft.): 6,534 Status: Active

Current Price: $1,400,000 List Date: 11/23/2025 Last Modified: 3/17/2026

Overview

Description

Turnkey Triplex in Parrot Cove - Live Downstairs, Rent Upstairs for Income or Rent Units as Airbnb! Prime location in Lake Worth Beach's coveted Parrot Cove / Historic Lucerne District—just half a block to downtown, one block to the Intracoastal, and a 10-minute walk to the beach and pier. Fully renovated triplex featuring a 3BD/2BA first-floor residence with private backyard, quartz countertops, stainless/gas-griddle kitchen, impact windows/doors, newer roof, engineered flooring, central HVAC, covered patio, BBQ area, W/D, 1-car garage, carport + private parking. Two 1BD/1BA income units upstairs each offer private entrances, W/D, porcelain floors, stainless appliances and dedicated parking—ideal for long-term, seasonal, or Airbnb rentals.

Supplements: Walkable coastal lifestyle: boat and jet ski launch nearby, kayak/canoe/paddleboard launch within a few blocks, Bryant Park for dog owners, shops, cafés and waterfront dining minutes away. The Lake Worth Beach Golf Club (½ mile away) offers walkable access to an Intracoastal-front 18-hole course with clubhouse dining. Major downtown revitalizati ... (Read more)

Listing Details MLS# R11142951

General Property Information

Property Sub Type: Triplex
Building Area Main: 2696
Building Area Source: Plans
Living Area Main: 2200
Living Area Source: Plans
Year Built: 1950
Gated Community YN: No
Lot Size Area: 6750
Lot Size Acres: 0.15
Lot Size Dimensions: 50.0 ft x 135.0 ft
Senior Community YN: No
Land Lease YN: No
Recreation Lease YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 2
Stories: 2
Pool Private YN: No
Spa YN: No

Property Features

Documents Available: Copy Of Lease(s) Electric: Three Phase Exterior Features: None Flooring: Ceramic Tile; Vinyl Property Condition: Resale; Updated/Remodeled Special Listing Conditions: Standard Tenant Pays: Cable TV; Electricity; Gas; Water Source Of Expenses: Books; Owner Provided; Tax Return Construction Materials: CBS; Concrete Cooling: Central Individual Heating: Central Individual Listing Terms: Cash; Conventional Lot Features: Room for Pool Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow Restrictions: No Restrictions Roof: Other Sewer: Public Sewer Sprinkler Description: Auto Sprinkler Tax Information: City/County Utilities: Cable Available; Electricity Connected; Natural Gas Available; Sewer Connected; Water Connected View: Other Water Access: None Water Source: Public Window Features: Storm Window(s) Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Occupied; Text Listing Agent; See Remarks Occupant Details: Tenant Occupied Outdoor Living Spaces: Courtyard; Patio; Porch Patio Details: Patio - Covered Porch Details: Porch - Open Unit 1 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Automatic Garage Door Opener; Parking Space Unit 1 Rooms: Kitchen; Laundry Room Unit 2 Appliances: Dishwasher; Disposal; Dryer; Microwave; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Parking Space Unit 2 Rooms: Kitchen; Laundry Room Unit 3 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Parking Space Unit 3 Rooms: Kitchen; Laundry Room Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Listing Contract Date: 2025-11-18
Original List Price: 1400000
Negotiable Seller Concessions YN: Yes
Listing Service: Full Service
Seller Represented YN: Yes

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 126
Street Direction Prefix: N
Street Name: Palmway
Unit Number: 1-3
City Name: Lake Worth Beach
Municipality Type: Incorporated
State Or Province: FL
Postal Code: 33460
Postal Zip: 33460
Subdivision Name: LAKE WORTH TOWN OF
Area: 5600
Geographic Area: PB16
Elementary School: North Grade K-8
Middle Or Junior School: Lake Worth
High School: Lake Worth
Special Assessment YN: No
Parcel Number: 38434421150320070
Zoning: MF-20
Directions: Take Lake Worth Avenue East to N Palmway, go left into Historic District. Property is on the right.
Multiple Offers Accepted: Yes

Financial Information

Application Required YN: No
Master Association YN: No
Tax Annual Amount: 16967
Tax Year: 2025
Tax Legal Description: TOWN OF LAKE WORTH LT 7 BLK 32
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2025-11-23T01:29:09Z
Major Change Type: New Listing
Status Change Date: 2025-11-22

More Information

Co-Ownership

Property Management YN: No

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 4
Separate Gas Meters YN: Yes
Number Of Separate Gas Meters: 3
Separate Water Meters YN: Yes
Number Of Separate Water Meters: 3

Income and Expenses

Annual Total Expense: 26240
Gross Income: 70800
Net Operating Income: 44560

Pet Details

Pet Fee YN: No
Other Pet Restrictions: No pet restrictions

Storm Protection

Impact Glass: Complete

Showing Details

Pet(s) on Premises: No

Unit 1 Details

Actual Rent: 3000
Baths Full: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1200

Unit 1 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2027-03-14
Occupant Type: Tenant

Unit 1 Parking Details

Carport YN: Yes
Attached Carport YN: Yes
Garage YN: Yes
Attached Garage YN: Yes

Unit 2 Details

Actual Rent: 1550
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 500

Unit 2 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2026-09-30
Occupant Type: Tenant

Unit 2 Parking Details

Carport YN: No
Garage YN: No

Unit 3 Details

Actual Rent: 1550
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 500

Unit 3 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2026-12-31
Occupant Type: Tenant

Unit 3 Parking Details

Carport YN: No
Garage YN: No

Price Calculations

Current Price To SqFt: 519.28

Originating Details

Originating System Key: 20251114211056698730000000
Originating System ID: M00000170

Currently Not Used

Number Of Units Total: 3

Office/Member Information

DXORIGMLSID: RML

Electric

Three Phase: Yes

Exterior Features

None: Yes

Flooring

Ceramic Tile: Yes
Vinyl: Yes

Property Condition

Resale: Yes
Updated/Remodeled: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Copy Of Lease(s): Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Gas: Yes
Water: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Natural Gas Available: Yes
Sewer Connected: Yes
Water Connected: Yes

View

Other: Yes

Heating

Central Individual: Yes

Sprinkler Description

Auto Sprinkler: Yes

Water Access

None: Yes

Window Features

Storm Window(s): Yes

Construction Materials

CBS: Yes
Concrete: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Room for Pool: Yes

Roof

Other: Yes

Water Source

Public: Yes

Source Of Expenses

Books: Yes
Owner Provided: Yes
Tax Return: Yes

Cooling

Central Individual: Yes
Electric: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes
Listing Agent Must Accompany: Yes
Occupied: Yes
Text Listing Agent: Yes
See Remarks: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

No Restrictions: Yes

Restrictions

No Restrictions: Yes

Tax Information

City/County: Yes

Occupant Details

Tenant Occupied: Yes

Outdoor Living Spaces

Courtyard: Yes
Patio: Yes
Porch: Yes

Patio Details

Patio - Covered: Yes

Porch Details

Porch - Open: Yes

Unit 1 Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes

Unit 1 Parking Features

Automatic Garage Door Opener: Yes
Parking Space: Yes

Unit 1 Patio/Porch

Patio/Porch: Yes

Unit 1 Rooms

Kitchen: Yes
Laundry Room: Yes

Unit 2 Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 2 Rooms

Kitchen: Yes
Laundry Room: Yes

Unit 3 Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes

Unit 3 Parking Features

Parking Space: Yes

Unit 3 Rooms

Kitchen: Yes
Laundry Room: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Documents

Lake Worth Beach Investment ›

Listing Office: William Raveis Real Estate

Last Updated: March - 17 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

126 N Palmway 1-3, Lake Worth Beach, FL 33460 (MLS# R11142951)