126 N Palmway 1-3, Lake Worth Beach, FL 33460
$1,400,000
Property Type:
Residential
Bedrooms:
5
Baths:
4
Square Footage:
2,200
Status:
Active
Current Price:
$1,400,000
Last Modified:
1/02/2026
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 revitalization includes the 1925 Gulfstream Hotel restoration, featuring 90 restored rooms + 50 new rooms, 85 apartments, rooftop restaurant, pool, spa/fitness center and a 273-space garage boosting long-term area values. Adding to the excitement, Vanilla Ice's upcoming brewery, rooftop bar, speakeasy and pop-culture museum at 1000 Lake Ave is in development with an anticipated 2026 opening, enhancing the city's entertainment and tourism draw. Additionally, WMODA (Wiener Museum of Decorative Arts) is planning a major mixed-use cultural complex in downtown Lake Worth Beach, including museum space, arts programming and new residential condos further strengthening long-term property values. Turnkey residence + strong income potential just steps from everything Lake Worth Beach offers. All information deemed reliable but not guaranteed.
More Information MLS# RX-11142987
Contract Information
Auction: No
List Price/SqFt: 636.36
Negotiable Seller Concessions YN: Yes
Listing Date: 2025-11-23
Status: Active
Original List Price: 1400000
List Price: $1,400,000
Current Price: $1,400,000
General Property Description
Governing Bodies: None
Main Level Bedrooms: 3
Main Level Bathrooms: 2
Property Condition: Resale
Lot Dimensions: 50.0 ft x 135.0 ft
SqFt - Total: 2696
Waterfront: No
SqFt Source: Other
Guest House: Yes
Gated Community: No
SqFt - Guest House: 500
Covered Spaces: 2
Homeowners Assoc: None
Pets Allowed: Yes
Pets on Premises: No
Front Exp: West
Open Parking Spaces: 5
Year Roof Installed: 2020
Association Deposit: No
Directions: Take Lake Avenue east to N Palmway, go left and house is on the right.
Total Units in Bldg: 3
Membership Fee Required: No
Capital Contribution: No
Private Pool: No
Spa: No
Type: Single Family Detached
Total Bedrooms: 5
Baths - Full: 4
Baths - Total: 4
Year Built: 1950
SqFt - Living: 2200
Garage Spaces: 1
Subdivision: LAKE WORTH TOWN OF
Legal Desc: TOWN OF LAKE WORTH LT 7 BLK 32
Lot SqFt: 6750
Total Floors/Stories: 2
Location, Tax & Legal
Geo Area: PB16
Country: United States
State/Province: FL
HOPA: No Hopa
Short Sale: No
Tax Year: 2025
Zoning: MF-20(
Short Sale A/U: N/A
Elementary School: North Grade Elementary School
Short Sale Addendum: No
Taxes: 16967
Middle School: Lake Worth Community Middle
Multiple Ofrs Acptd: Yes
Special Assessment: No
High School: Lake Worth High School
REO: No
Area: 5600
County: Palm Beach
Parcel ID: 38434421150320070
Street #: 126
Street Dir: N
Street Name: Palmway
Unit #: 1-3
Zip Code: 33460
Geo Lat: 26.617401
Geo Lon: -80.050154
Office/Member Info
DXORIGMLNO: RX-11142987
DXORIGMLSID: RML
Design
Courtyard: 1
Dup/Tri/Row: 1
Key West: 1
Multi-Level: 1
Unit Desc
Multi-Level: 1
Construction
CBS: 1
Concrete: 1
Stucco: 1
Master Bedroom/Bath
Mstr Bdrm - Ground: 1
View
Other: 1
Rooms
Laundry-Inside: 1
Util-Garage: 1
Waterfront Details
None: 1
Lot Description
< 1/4 Acre: 1
Special Info
Sold As-Is: 1
Equip/Appl Included
Dishwasher: 1
Dryer: 1
Ice Maker: 1
Microwave: 1
Range - Gas: 1
Refrigerator: 1
Washer: 1
Water Heater - Elec: 1
Cooling
Ceiling Fan: 1
Central Individual: 1
Electric: 1
Heating
Central Individual: 1
Electric: 1
Exterior Features
Auto Sprinkler: 1
Covered Patio: 1
Fence: 1
Zoned Sprinkler: 1
Furnished
Unfurnished: 1
Interior Features
Entry Lvl Lvng Area: 1
Flooring
Laminate: 1
Tile: 1
Porch/Patio/Balcony
Patio: 1
Utilities
Electric: 1
Public Sewer: 1
Public Water: 1
Parking
2+ Spaces: 1
Assigned: 1
Carport - Attached: 1
Garage - Attached: 1
Street: 1
Pet Restrictions
No Restrictions: 1
Restrict
None: 1
Security
None: 1
Roof
Comp Shingle: 1
Subdiv. Amenities
None: 1
Terms Considered
Cash: 1
Conventional: 1
Possession
At Closing: 1
Showing Instructions
Text Listing Agent: 1
Window Treatments
Hurricane Windows: 1
Impact Glass: 1
Storm Protection
Impact Glass: Complete
Dining Area
Breakfast Area: 1
Dining-Living: 1
Taxes
City/County: 1
Guest House
1 Bath: 1
1 Bedrooms: 1
Kitchen: 1
Living Room: 1
Property Features
Design: Courtyard; Dup/Tri/Row; Key West; Multi-Level
Unit Desc: Multi-Level
Construction: CBS; Concrete; Stucco
View: Other
Waterfront Details: None
Lot Description: < 1/4 Acre
Exterior Features: Auto Sprinkler; Covered Patio; Fence; Zoned Sprinkler
Interior Features: Entry Lvl Lvng Area
Furnished: Unfurnished
Rooms: Laundry-Inside; Util-Garage
Parking: 2+ Spaces; Assigned; Carport - Attached; Garage - Attached; Street
Pet Restrictions: No Restrictions
Restrict: None
Security: None
Flooring: Laminate; Tile
Heating: Central Individual; Electric
Cooling: Ceiling Fan; Central Individual; Electric
Dining Area: Breakfast Area; Dining-Living
Roof: Comp Shingle
Guest House: 1 Bath; 1 Bedrooms; Kitchen; Living Room
Terms Considered: Cash; Conventional
Utilities: Electric; Public Sewer; Public Water
Window Treatments: Hurricane Windows; Impact Glass
Special Info: Sold As-Is
Taxes: City/County
Possession: At Closing
Showing Instructions: Text Listing Agent
Room Information
Living Room
Length: 30.00
Width: 12.00
Length: 30.00
Level: Main
Width: 12.00
Remarks: Approximate Size
Kitchen
Length: 12.00
Width: 9.00
Length: 12.00
Level: Main
Width: 9.00
Remarks: Approximate Size
Master Bedroom
Length: 13.00
Width: 11.00
Length: 13.00
Level: Main
Width: 11.00
Remarks: Approximate Size
Documents
Lake Worth Beach Investment ›
Listing Office:
William Raveis Real Estate
Last Updated: January - 02 - 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.