505 Foresteria Drive, Lake Park, FL 33403

$750,000

Virtual Tour

https://www.propertypanorama.com/505-Foresteria-Drive-Lake-Park-FL-33403--B26048563/unbranded

Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 2,325 Status: Active

Current Price: $750,000 List Date: 7/31/2026 Last Modified: 9/03/2026

Overview

Description

Rare four-unit investment opportunity in the rapidly growing Lake Park market. This unique property features a main house plus a triplex with three efficiency units, generating $82,200 in annual gross rental income with immediate cash flow. Ideally located just minutes from the Intracoastal Waterway, Singer Island beaches, marina, brewery, theater, Publix, US-1, I-95, and Palm Beach International Airport. Per current zoning and permitting information, the property may accommodate up to 10 units (buyer to verify). The main house also offers potential to convert to a 3BR/2BA. Whether you're looking to renovate, add value, or hold for long-term income, this property offers exceptional upside in a high-demand rental market. Quiet street, easy to rent, and outstanding investment 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# B26048563

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 3
Bathrooms Total: 4
Bathrooms Full: 4
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: 6098.4
Lot Size Acres: 0.14
Senior Community YN: No
Guest House YN: No
Stories Total: Yes
Stories: Yes
Direction Faces: South
Fireplace YN: Yes
Pool Private YN: No

Property Features

Electric: 150 Amp Service Exterior Features: Barbecue Fireplace Features: Wood Burning Flooring: Clay; Tile Foundation Details: Concrete Perimeter; Raised; Slab Leasing Permitted Details: Okay To Lease Parking Features: Driveway; On Street; Open Property Condition: Resale Special Listing Conditions: Standard Appliances: Electric Range; Microwave; Refrigerator; Water Heater; Range Water Heater Details: Electric Water Heater Architectural Style: Ranch Construction Materials: Aluminum Siding; CBS; Stucco; Vinyl Siding Cooling: Wall/Window Unit(s) Fencing: Back Yard; Fenced Heating: Window/Wall Interior Features: None Laundry Features: Electric Dryer Hookup; In Garage; Inside; Washer Hookup Levels: One Listing Terms: 1031 Exchange; Cash; Other Other Equipment: Satellite Dish Other Structures: Other Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow; Negotiable Restrictions: No Restrictions Road Frontage Type: City Street Roof: Shingle; Tar/Gravel Security Features: Smoke Detector(s) Sewer: Public Sewer Sprinkler Description: Auto Sprinkler Structure Type: House Tax Information: Tax Reflects No Exemptions Utilities: Electricity Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Occupied; Showing Service Room Types: Kitchen; Living Room; Master Bedroom Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 750000
Occupant Type: Call Listing Agent
Listing Service: Full Service

Location and Legal

Country: United States
County Or Parish: Palm Beach
Street Number: 505
Street Name: Foresteria
Street Suffix: Drive
Municipality Type: Incorporated
Municipal Code: 36
State Or Province: FL
Postal Code: 33403
Postal Code +4: 3369
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

Financial Information

Master Association YN: No
Membership Fee Required YN: No
Tax Annual Amount: 11412.7
Tax Year: 2025
Tax Legal Description: KELSEY CITY LTS 44~ 45 & W 1/2 OF LT 46 BLK 18

Status Change Information

Major Change Timestamp: 2026-07-31T13:43:12Z
Major Change Type: Back on Market
Status Change Date: 2026-07-31
Back on Market Date: 2026-07-31

More Information

Leasing Permitted Details

Leasing Permitted YN: Yes

Parking Information

Open Parking Spaces: 4

Main Level Rooms

Main Level Bathrooms: 4
Main Level Bedrooms: 3

Pet Details

Pet Fee YN: No

Leasing Restrictions

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

Price Calculations

Current Price To SqFt: 433.02

Originating Details

Originating System Key: 20260703212427668728000000
Originating System ID: M00000170

Room Information

Room Name
Kitchen
Living Room
Master Bedroom

Listing Office: One Sotheby's International Realty

Last Updated: September - 03 - 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# B26048563)