Premier Brokers International
305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403
ActiveBeachesMLS
ActiveMLS® R11126199
$1,280,000

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

Beds
—
Baths
4
Sqft
2,903
Est. payment$8,695/mo
Home type
Quadruplex
Year built
1928
Lot size
12,632 sqft
Price / sqft
$441
HOA
$0/mo
Community
KELSEY CITY

Property description

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 activity

Days on market
362
Listed
Sep 23, 2025
MLS listing updated
Sep 20, 2026
Feed last checked
8 minutes ago

Listed by Fabian Robert McCullon · RE/MAX Prestige Realty/Wellington

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms
4
Bathrooms (decimal)
4

Rooms & features

Flooring
Carpet, Ceramic Tile, Linoleum
Window features
Storm Window(s)

Heating & cooling

Heating
Central
Cooling
Central Air
Property

Exterior

Building area
2,919 sqft
Exterior features
Courtyard, Garden, Other
Fencing
Fenced
Other structures
Outbuilding
Pool
No
Waterfront
None
Waterfront property
No

Lot

Lot size
12,632 sqft
Lot size (acres)
0.29 acres
Lot dimensions
75.0 ft x 168.0 ft
Zoning
R1(cit
Construction

Type & style

Home type
Quadruplex
Structure type
Quadruplex
Year built
1928
New construction
No

Materials

Construction
Frame, Stucco
Roof
Composition
Property condition
Resale
Levels
Two
Utilities & green energy

Utilities

Electric
Three Phase
Sewer
Public Sewer
Water
Public
Utilities
Cable Available, Sewer Available, Water Available
Community & HOA

Community

Subdivision
KELSEY CITY
MLS area
5270
MLS subarea
PB26
55+ community
No

Association

Has association
No
Estimated monthly dues
$0
Lease details

Rental information

Tenant pays
Cable TV, Electricity, Insurance
Location

Area details

City
Lake Park
County
Palm Beach
ZIP code
33403
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
R11126199
Possession
Close Of Escrow
Original list price
$1,750,000
Parcel number
36434220010690440
Annual property tax
$16,966
Tax year
2025
Tax legal description
3-44-42, E 225 FT OF N 200 FT OF S 1035.13 FT OF NE 1/4
Special listing conditions
Standard
Additional MLS details

Reported by the listing source

Association
No
Bathrooms Total Decimal
4
Bathrooms Total Integer
4
Building Area Total
2919
Construction Materials
Frame, Stucco
County Or Parish
Palm Beach
Days On Market
362
Elementary School
Lake Park
High School
Palm Beach Gardens
List Price
1280000
Listing Contract Date
2025-09-23
Living Area
2903
Lot Size Acres
0.29
Lot Size Area
12595
Lot Size Dimensions
75.0 ft x 168.0 ft
MLSArea Major
5270
MLSArea Minor
PB26
Middle Or Junior School
Howell L. Watkins
Mls Status
Active
On Market Date
2025-09-23
Photos Count
53
Postal Code
33403
Price Change Timestamp
2026-08-18T14:47:19Z
Property Sub Type
Quadruplex
Property Type
Residential Income
Senior Community
No
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2025-09-23T13:55:38Z
Stories
2
Subdivision Name
KELSEY CITY
Water Source
Public
Waterfront Features
None
Tax Annual Amount
16966
Pool Private
No

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Sep 23, 2025ListedBeachesMLS$1,750,000$603/sqft
Aug 18, 2026Price reducedBeachesMLS$1,280,000$441/sqft

Public tax history

YearProperty taxesAssessment
2025$16,966—

Payment calculator

Estimated monthly payment$8,695/moIllustrative estimate, not a loan offer.
Principal & interest
$6,642
Property taxes
$1,414
Insurance
$640
Association dues
$0

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

KELSEY CITY

Lake Park · Palm Beach County · 33403

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Lake ParkElementary
—
Howell L. WatkinsMiddle
—
Palm Beach GardensHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

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BeachesMLS

BeachesMLS · Listing courtesy of RE/MAX Prestige Realty/Wellington. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.