505 Foresteria Drive, Lake Park, FL 33403

$750,000

Virtual Tour

https://www.propertypanorama.com/505-Foresteria-Drive-Lake-Park-FL-33403/unbranded

Property Type: Residential Income Square Footage: 2,325 Status: Active

Current Price: $750,000 List Date: 4/09/2026 Last Modified: 7/17/2026

Overview

Description

Discover a rare four-unit investment opportunity in the high-growth Lake Park area. This unique property features a three-bedroom main residence plus a triplex with three fully occupied efficiency units, offering immediate rental income from day one with $97,500 in annual revenue. Whether you're an investor seeking strong cash flow or a homeowner looking to offset your mortgage, this property offers exceptional flexibility. Live in the main home while the rental income helps cover your monthly expenses, or maximize its full investment potential. Ideally located just minutes from the Intracoastal Waterway. Singer Island beaches, Publix, US-1, I-95 and Palm Beach International Airport, the property sits in a thriving rental market with excellent long-term growth potential.

Supplements: 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.

Listing Details MLS# B26013374

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 2325
Building Area Source: Owner
Living Area Main: 1732
Living Area Source: Public Records
Adjusted Area Main: 1926
Accessibility Features YN: No
Year Built: 1945
Parking Total: 4
Gated Community YN: No
Lot Size Area: 6256
Lot Size Acres: 0.14
Senior Community YN: No
Stories Total: Yes
Stories: Yes
Pool Private YN: No

Property Features

Documents Available: Copy Of Lease(s) Exterior Features: None Fencing: Fenced Flooring: Clay; Tile Foundation Details: Concrete Perimeter; Raised; Slab Leasing Permitted Details: Okay To Lease Property Condition: Resale Special Listing Conditions: Standard Structure Type: Multi Family; Quadruplex; Triplex Tenant Pays: Cable TV; Electricity Source Of Expenses: Other Construction Materials: Aluminum Siding; Block; Stucco Cooling: Ceiling Fan(s); Wall/Window Unit(s) Heating: Window/Wall Laundry Features: Electric Dryer Hookup; In Garage; Inside; Washer Hookup Levels: One Listing Terms: Cash; Conventional Lot Features: Interior Lot Main Living Area: Other Main Living Area Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow Restrictions: No Restrictions Road Frontage Type: City Street; West of US-1 Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Composition; Shingle Sewer: Public Sewer Special Information: Requirements Non Conforming Use Tax Information: City/County; Tax Reflects No Exemptions Utilities: Electricity Connected; Sewer Connected; Water Connected View: Other Water Access: None Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Occupied; Schedule Online; Showing Service Unit 1 Appliances: Range; Refrigerator; Water Softener Owned Unit 1 Interior Features: Built-in Shelves Unit 1 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups Unit 1 Parking Features: On Street; Open Parking; Parking Space Unit 1 Rooms: Kitchen Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: On Street; Open Parking; Parking Space Unit 2 Rooms: Kitchen Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: On Street; Open Parking; Parking Space Unit 3 Rooms: Kitchen Unit 4 Appliances: Range; Refrigerator Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: On Street; Open Parking; Parking Space Unit 4 Rooms: Kitchen Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 750000
Negotiable Seller Concessions YN: Yes
Listing Service: Full Service

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 505
Street Name: Foresteria
Street Suffix: Drive
City Name: Lake Park
Municipality Type: Incorporated
Municipal Code: 36
State Or Province: FL
Postal Code: 33403
Postal Code +4: 3369
Postal Zip: 33403
Subdivision Name: KELSEY CITY
Area: 5270
Geographic Area: PB26
Elementary School: Lake Park
Middle Or Junior School: Howell L. Watkins
High School: Palm Beach Gardens
Special Assessment YN: No
Parcel Number: 36434220010180440
Subdivision Number: Yes
Zoning: R1 (city)
Flood Zone: X
Multiple Offers Accepted: Yes

Financial Information

Master Association YN: No
Tax Annual Amount: 11413
Tax Year: 2025
Tax Legal Description: KELSEY CITY LTS 44~ 45 & W 1/2 OF LT 46 BLK 18
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-04-09T19:05:12Z
Major Change Type: New Listing
Status Change Date: 2026-04-09

More Information

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 4
Separate Gas Meters YN: No
Separate Water Meters YN: No

Income and Expenses

Annual Total Expense: 13957
Gross Income: 97500
Net Operating Income: 83543

Pet Details

Pet Fee YN: No

Leasing Restrictions

Leasing - Max Times Per Year: 365
Leasing - Minimum Number of Days: Yes

Unit 1 Details

Actual Rent: 2750
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1400

Unit 1 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2027-08-15
Occupant Type: Tenant

Unit 1 Parking Details

Carport YN: No
Garage YN: No

Unit 2 Details

Actual Rent: 1550
Baths Full: Yes
Efficiency YN: Yes
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 272

Unit 2 Lease Description

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

Unit 2 Parking Details

Carport YN: No
Garage YN: No

Unit 3 Details

Actual Rent: 1575
Baths Full: Yes
Efficiency YN: Yes
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 272

Unit 3 Lease Description

Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-06-30
Occupant Type: Tenant

Unit 3 Parking Details

Carport YN: No
Garage YN: No

Unit 4 Details

Actual Rent: 1350
Baths Full: Yes
Efficiency YN: Yes
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 272

Unit 4 Lease Description

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

Unit 4 Parking Details

Carport YN: No
Garage YN: No

Price Calculations

Current Price To SqFt: 433.02

Originating Details

Originating System Key: 20260401152314723741000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Exterior Features

None: Yes

Flooring

Clay: Yes
Tile: Yes

Foundation Details

Concrete Perimeter: Yes
Raised: Yes
Slab: Yes

Property Condition

Resale: Yes

Special Information

Requirements Non Conforming Use: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Copy Of Lease(s): Yes

Fencing

Fenced: Yes

Structure Type

Multi Family: Yes
Quadruplex: Yes
Triplex: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

View

Other: Yes

Heating

Window/Wall: Yes

Water Access

None: Yes

Construction Materials

Aluminum Siding: Yes
Block: Yes
Stucco: Yes

Laundry Features

Electric Dryer Hookup: Yes
In Garage: Yes
Inside: Yes
Washer Hookup: Yes

Levels

One: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Interior Lot: Yes

Road Frontage Type

City Street: Yes
West of US-1: Yes

Road Responsibility

Public Maintained Road: Yes

Road Surface Type

Paved: Yes

Roof

Composition: Yes
Shingle: Yes

Water Source

Public: Yes

Source Of Expenses

Other: Yes

Cooling

Ceiling Fan(s): Yes
Wall/Window Unit(s): Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Call Listing Agent: Yes
Occupied: Yes
Schedule Online: Yes
Showing Service: Yes

Main Living Area

Other Main Living Area: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

No Restrictions: Yes

Restrictions

No Restrictions: Yes

Tax Information

City/County: Yes
Tax Reflects No Exemptions: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes
Water Softener Owned: Yes

Unit 1 Interior Features

Built-in Shelves: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Washer/Dryer Hookups: Yes

Unit 1 Parking Features

On Street: Yes
Open Parking: Yes
Parking Space: Yes

Unit 1 Patio/Porch

Patio/Porch: Yes

Unit 1 Rooms

Kitchen: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes

Unit 2 Parking Features

On Street: Yes
Open Parking: Yes
Parking Space: Yes

Unit 2 Rooms

Kitchen: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes

Unit 3 Parking Features

On Street: Yes
Open Parking: Yes
Parking Space: Yes

Unit 3 Rooms

Kitchen: Yes

Unit 4 Appliances

Range: Yes
Refrigerator: Yes

Unit 4 Other Equipment

Air Conditioning Unit: Yes

Unit 4 Parking Features

On Street: Yes
Open Parking: Yes
Parking Space: Yes

Unit 4 Rooms

Kitchen: Yes

Acreage Description

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

Documents

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Listing Office: One Sotheby's International Realty

Last Updated: July - 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.

505 Foresteria Drive, Lake Park, FL 33403 (MLS# B26013374)