305 Cypress Drive E, Unit 1,2,3,4,5Lake Park, FL 33403MLS Number R11126199

  • Price: $1,350,000
  • Est. Mortgage of $/month
  • 280 Days on Market
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Federal 30-year interest rate: 6.49% last updated on Jun 25, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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  • 0.29Acreage
  • 4Bathrooms
  • 1928Year Built
  • 2,903Square Feet
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.
Listing by RE/MAX Prestige Realty/Wellington

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Ocean Estate Properties
Ocean Estate Properties
Office: 561-504-9226
500 NE Spanish River Boulevard
Suite 104
Boca Raton, FL 33431

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More Info

Basic Information

  • Tenant Pays Cable TV, Electricity, Insurance
  • Unit Number1,2,3,4,5

Rooms

  • Bathroom4

Building

  • Building ConstructionBlock, Frame, Stucco
  • Stories2
  • Structure Type Quadruplex
  • Units4
  • Window Features Storm Window(s)
  • Year Built1928

Property

  • Other Structures Outbuilding

Utilities

  • Electric 3 Phase
  • Heat SystemCentral
  • Heating YN Yes
  • Utilities Cable Available, Sewer Available, Water Available
  • Waste Water DisposalPublic Sewer

Tax Information

  • Tax Year 2025
  • Taxes$16,966

Location

  • Address305 Cypress Drive E
  • Area5270
  • Building Number305
  • CountyPalm Beach
  • StateFL
  • StreetCypress Drive E
  • SubdivisionKelsey City
  • TownLake Park
  • Zip33403

Interior

  • Flooring Carpet, Ceramic Tile, Linoleum

Property Information

  • Acreage0.29
  • Lot Features 1/4 to 1/2 Acre Lot, Sprinklers Automatic, Sprinkler System
  • Lot Size Dimensions 75.0 ft x 168.0 ft
  • Property Condition Resale
  • Property Sub Type Additional Quadruplex
  • Square Feet2,903

School Information

  • Elementary SchoolLake Park
  • High SchoolPalm Beach Gardens
  • Junior HighHowell L. Watkins

Basic Information

  • List Price$1,350,000
  • MLS NumberR11126199
  • Modification Date06/18/2026
  • Property SubTypeQuadruplex
  • Property TypeResidential Income
  • StatusACT
  • Virtual TourView Tour

Exterior

  • Fencing Fenced
  • RoofComposition

Amenities

  • Cooling Central Air
  • Cooling YN Yes

Water Body

  • Water AccessMultiple Meters, Public

Other

  • Date Listed09/23/2025
  • Documents Available Financials, Lease
  • Possession Close Of Escrow
  • View Count1

Based on information submitted to BeachesMLS as of June 30, 2026 5:11 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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