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For sale
    • Price cut: $70K (8/18)
    $1,280,000

    305 Cypress Drive E #1,2,3,4,5, Lake Park, FL 33403

    8beds
    4baths
    2,903sqft
    : 
    $8,405/mo
    Get pre-qualified
    Quadruplex, Multi Family, Multi Family
    Built in 1928
    -- sqft lot
    $-- Zestimate®
    $441/sqft
    $-- HOA

    What's special

    Charming standalone cottageCurb appealBeautifully landscaped groundsCentral air conditioning
    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.
    344 days
    397
    41

    Zillow last checked:

    Listing updated:

    Listed by:

    Fabian Robert McCullon 561-262-3565,

    RE/MAX Prestige Realty/Wellington

    Source: BeachesMLS,MLS#: R11126199MLS LogoOriginating MLS: BeachesMLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      Heating
      • Central
      Cooling
      • Central Air
      Features
      • Flooring: Carpet, Ceramic Tile, Linoleum
      • Windows: Storm Window(s)
      Interior area
      • Total structure area: 2,919
      • Total interior livable area: 2,903 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 10
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Stories: 2
      • Exterior features: Courtyard, Garden, Other
      • Fencing: Fenced
      • Waterfront features: None
      Lot
      • Size: 0.29 Acres
      • Dimensions: 75.0 ft x 168.0 ft
      • Features: 1/4 to 1/2 Acre Lot, Sprinklers Automatic, Sprinkler System
      Details
      • Additional structures: Outbuilding
      • Parcel number: 36434220010690440
      • Zoning: R1(cit
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex, Multi Family, Multi Family
      Materials
      • Frame, Stucco
      • Roof: Composition
      Condition
      • Resale
      • New construction: No
      • Year built: 1928

      Utilities & green energy

      • Electric: 3 Phase
      • Sewer: Public Sewer
      • Water: Multiple Meters, Public
      • Utilities for property: Cable Available, Sewer Available, Water Available

      Community & HOA

      Community
      • Subdivision: KELSEY CITY
      HOA
      • Has HOA: No
      Location
      • Region: West Palm Beach

      Financial & listing details

      • Price per square foot: $441/sqft
      • Annual tax amount: $16,966
      • Date on market: 9/23/2025
      • Cumulative days on market: 344 days
      • Listing terms: Cash,Conventional
      • Tenant pays: Cable TV, Electricity, Insurance

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,316/mo

        Price history

        DateEventPrice
        8/18/2026Price change$1,280,000-5.2%$441/sqft
        Source: BeachesMLS #R11126199 Report a problem
        6/18/2026Price change$1,350,000-6.9%$465/sqft
        Source: BeachesMLS #R11126199 Report a problem
        3/10/2026Price change$1,450,000-10.8%$499/sqft
        Source: BeachesMLS #R11126199 Report a problem
        1/12/2026Price change$1,625,000-7.1%$560/sqft
        Source: BeachesMLS #RX-11126199 Report a problem
        9/23/2025Listed for sale$1,750,000-7.9%$603/sqft
        Source: BeachesMLS #RX-11126199 Report a problem
        7/25/2025Listing removed$1,900,000$654/sqft
        Source: BeachesMLS #RX-11040072 Report a problem
        11/25/2024Listed for sale$1,900,000$654/sqft
        Source: BeachesMLS #RX-11040072 Report a problem
        9/4/2024Listing removed$1,900,000$654/sqft
        Source: BeachesMLS #RX-10922288 Report a problem
        9/25/2023Listed for sale$1,900,000$654/sqft
        Source: BeachesMLS #RX-10922288 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 33403

        Getting around

        59 / 100
        Somewhat Walkable
        31 / 100
        Some Transit
        64 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Lake Park
        • Middle: Howell L. Watkins
        • High: Palm Beach Gardens

        Source: BeachesMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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