305 Cypress Drive E # 5, Lake Park FL 33403

Multi-family For Sale

$1,450,000

BTC: 23.05246423

ETH: 857.48078060

-$300K (2026/02/05)

261 days

For Sale

Multi-family

0 room(s) •

2,903 sqft

Overview

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.

Location

Florida • Lake Park • 33403 • Multi-family • For Sale

Details

Type:

Residential Income

Parking:

No Data

Year Built:

1928

Lot:

0.29 Acres

Heating:

Central

Price/sqft:

$499

Cooling:

Central Air

HOA:

No Data

Type:

Residential Income

Parking:

No Data

Year Built:

1928

Lot:

0.29 Acres

Heating:

Central

Price/sqft:

$499

Cooling:

Central Air

HOA:

No Data

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

Valuation

Our model vs. what's actually selling nearby.

Estimate

$895,000

$669K – $1.6M

Confidence Low

List vs. estimate

$555K above estimate

List $1,450,000 · +62.0%

Our model says this listing is priced above recent comparable activity. Room to negotiate.

Price per sq ft

$499

+31.6% vs. city median $379

Based on

5 MLS comparables

+ 30 public-records sales within 0.5 mi

Median actual sale: $918K

Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax

$16,966

2025

All facts and features

Flooring

• Carpet

• Ceramic Floor

Heating

• Central

Cooling

• Central Air
Property

• Levels: 2

Lot

• Lot: 0.29 Acres

Other Property Information

• Parcel Number: 36434220010690440

• Zoning: R1(cit
Type and style

• Property Type: Residential Income

• Property Sub Type: Quadruplex
Utility

• Cable Connected

• Sewer Connected

• Water Connected

• Cable Available

• Sewer Available

• Water Available
Other financial information

• Annual tax amount: $16,966
Source details

• MLS ID: R11126199

Other facts

• Construction Materials: CBS Construction / Frame / Frame With Stucco / Stucco

• Lot Features: 1/4 To Less Than 1/2 Acre Lot / Fenced

• Window Features: Complete Impact Glass

• Living Area: 2903

• Water Source: Public

• Subdivision Name: KELSEY CITY

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: RE/MAX Prestige Realty/Wellington

305 Cypress Drive E # 5, Lake Park FL 33403

Overview

Location

Details

Valuation

Highlights

Interior details

Property details

Construction details

Utilities / Green Energy Details

HOA and Financial Details

Other

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