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506 W Jasmine Drive, Lake Park FL 33403

Multi-family Recently Sold
$800,000

BTC: 9.45402978

ETH: 301.88679245

Sold on: 2022-08-29
New
0 room(s)
3,248 sqft

Overview

As-Is with Right to Inspect. 100% occupancy with corporate client for 12 years. Lease expires May 2023. Tenant pays all exc tax&ins. Room for pool. 5 miles to beach, excellent for Vacation Rentals See different income scenarios in Documents. Kitchens updated 2015, bathrooms 2021, newer appliances, tile floors in common areas, terrazzo in bedrooms, newer AC units. All apts 2/1. Laundry on-site. Well-water irrigation. Large back yard, off-street parking lot. Fenced yard, delicious mango tree! Exterior painted 2020

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1969
Lot:
0.26 Acres
Heating:
Central Individual A/C / Electric
Price/sqft:
$246
Cooling:
Ceiling Fan(s) / Central Individual A/C / Electric
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,050,000
$759K – $1.7M
Confidence Low
List vs. estimate
$251K below estimate
List $799,000 · -23.9%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$245
-47.9% vs. city median $472
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $400K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$8,120
2021
All facts and features
  • Flooring

    • Terrazzo

    • Tile

    Heating

    • Central Individual A/C

    • Electric

    Cooling

    • Ceiling Fan(s)

    • Central Individual A/C

    • Electric

  • Property

    • Levels: 2

    • Exterior Features: Balcony / Fruit Trees / Room For Pool

    Lot

    • Lot: 0.26 Acres

    Other Property Information

    • Parcel Number: 36434221031380400

    • Zoning: R2(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: $8,120

  • Source details

    • MLS ID: R10816021

    Other facts

    • Construction Materials: Concrete Block Construction

    • Laundry Features: Dryer Hook-Up / Washer Hookup

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

    • Patio And Porch Features: Patio

    • Window Features: Partial Accordian Shutters / Jalousie / Single Hung Metal

    • Other Structures: Extra Building/Shed / Shed(s) / Storage Shed / Utility Room Outside

    • Living Area: 3248

    • Water Source: Public / Well

    • Subdivision Name: LAKE PARK ADD 3,Lake Park Add 3

Private inquiry
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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: Florida Phoenix Realty LLC