130 S Lakeside 1 Drive, Lake Worth Beach, FL 33460

$1,850,000

Virtual Tour

https://www.propertypanorama.com/130-S-Lakeside-1-Drive-Lake-Worth-FL-33460/unbranded

Property Type: Residential Income Square Footage: 3,632 Status: Active

Current Price: $1,850,000 List Date: 1/30/2025 Last Modified: 4/30/2026

Overview

Description

Prime 5-plex Income Property-Water Views & Expansion development potential. Maximizing return on your investment. Exceptional investment opportunity in the heart of downtown Lake Worth Beach! This well maintained five-plex sits across from Intracoastal Waterway, offering water views from end unit and potential for even more stunning vistas with a second-story addition.All 5 units are tenant-occupied, ensuring immediate rental income.4 are long term and under rental value. Soo much more income potential. Centrally located within walking distance to the beach, golf course, parks, Ampitheatre, fishing pier, and vibrant shops and restaurants, Easy access to 1-95 for seamless commuting. serious inquiries only. Access will be granted upon accepted contract.NOTE: #5 Rented at $1850.00 monthl

Listing Details MLS# R11057260

General Property Information

Number Of Units Total: 5
Property Sub Type: Quadruplex
Building Area Main: 3632
Building Area Source: Public Records
Living Area Main: 3408
Year Built: 1954
Gated Community YN: No
Lot Size Area: 13500
Lot Size Acres: 0.31
Lot Size Dimensions: 100.0 ft x 135.0 ft
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories: Yes
Pool Private YN: No

Property Features

Association Amenities: Dog Park; Golf Course; Picnic Area; Playground; Trail(s); None Documents Available: None Flooring: Tile; Wood Property Condition: Resale Tenant Pays: Cable TV; Electricity Source Of Expenses: Information Limited; Owner Provided; Other Construction Materials: CBS; Concrete Cooling: Central Air; Central Individual Heating: Central; Central Individual Laundry Features: Outside; Washer Hookup; Dryer Hookup Listing Terms: Cash; Conventional Lot Features: Sidewalks Other Structures: Cabana Possession: Close Of Escrow Road Frontage Type: Public Road Road Surface Type: Paved Roof: Composition Sewer: Public Sewer Sprinkler Description: Manual Sprinkler Storm Protection Details: None Tax Information: City/County; No Homestead Utilities: Sewer Available; Water Available View: Garden; Other Water Access: None Water Source: Public Waterfront Features: Intracoastal Showing Requirements: Call Listing Agent; Text Listing Agent; See Remarks Outdoor Living Spaces: Patio; Porch Patio Details: Patio - Covered Porch Details: Porch - Open Unit 1 Appliances: Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 1 Parking Features: Open Parking Unit 1 Rooms: Kitchen Unit 2 Appliances: Range Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 2 Parking Features: Open Parking; Parking Space Unit 2 Rooms: Kitchen Acreage Description: 1/4 To Less Than 1/2 Acre Lot; 1/2 To Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1850000
Negotiable Seller Concessions YN: Yes

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 130
Street Direction Prefix: S
Street Name: Lakeside 1
Street Suffix: Drive
City Name: Lake Worth Beach
State Or Province: FL
Postal Code: 33460
Postal Zip: 33460
Subdivision Name: LAKE WORTH TOWN OF
Area: 5600
Geographic Area: PB16
Special Assessment YN: No
Parcel Number: 38434421150350010
Zoning: MF-30(
Directions: lake Ave East to just before the Lake Worth Beach Bridge turn right to #130 on east side of the road
Multiple Offers Accepted: Yes

Financial Information

Association YN: Yes
Association Fee: Yes
Application Required YN: Yes
Tax Annual Amount: 15873.8
Tax Year: 2024
Tax Legal Description: TOWN OF LAKE WORTH LTS 1 & 2 BLK 35

Status Change Information

Major Change Timestamp: 2025-01-30T17:19:31Z
Major Change Type: Price Change
Price Change Timestamp: 2025-01-30T17:19:31Z
Status Change Date: 2025-01-30

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 50

Meter Information

Separate Electric Meters YN: Yes
Separate Water Meters YN: Yes

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Annual Total Expense: 21874
Gross Income: 82800
Net Operating Income: 60974

Showing Details

Pet(s) on Premises: Yes

Unit 1 Details

Actual Rent: 1175
Baths Full: Yes
Furnished: Unfurnished
SqFt: 700

Unit 2 Details

Actual Rent: 1175
Baths Full: Yes
Furnished: Unfurnished
SqFt: 700

Unit 3 Details

Actual Rent: 1300
SqFt: 700

Unit 4 Details

Actual Rent: 1400
SqFt: 700

Price Calculations

Current Price To SqFt: 542.84

Originating Details

Originating System Key: 20250129172424545623000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Association Amenities

Dog Park: Yes
Golf Course: Yes
Picnic Area: Yes
Playground: Yes
Trail(s): Yes
None: Yes

Flooring

Tile: Yes
Wood: Yes

Property Condition

Resale: Yes

Documents Available

None: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

Other Structures

Cabana: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Sewer Available: Yes
Water Available: Yes

View

Garden: Yes
Other: Yes

Heating

Central: Yes
Central Individual: Yes

Sprinkler Description

Manual Sprinkler: Yes

Water Access

None: Yes

Construction Materials

CBS: Yes
Concrete: Yes

Laundry Features

Outside: Yes
Washer Hookup: Yes
Dryer Hookup: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Sidewalks: Yes

Road Frontage Type

Public Road: Yes

Road Surface Type

Paved: Yes

Roof

Composition: Yes

Water Source

Public: Yes

Waterfront Features

Intracoastal: Yes

Source Of Expenses

Information Limited: Yes
Owner Provided: Yes
Other: Yes

Cooling

Central Air: Yes
Central Individual: Yes

Showing Requirements

Call Listing Agent: Yes
Text Listing Agent: Yes
See Remarks: Yes

Storm Protection Details

None: Yes

Tax Information

City/County: Yes
No Homestead: Yes

Outdoor Living Spaces

Patio: Yes
Porch: Yes

Patio Details

Patio - Covered: Yes

Porch Details

Porch - Open: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 1 Parking Features

Open Parking: Yes

Unit 1 Rooms

Kitchen: Yes

Unit 2 Appliances

Range: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 2 Parking Features

Open Parking: Yes
Parking Space: Yes

Unit 2 Rooms

Kitchen: Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot: Yes
1/2 To Less Than 1 Acre Lot: Yes

Listing Office: RE/MAX Prestige Realty/WPB

Last Updated: April - 30 - 2026

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130 S Lakeside 1 Drive, Lake Worth Beach, FL 33460 (MLS# R11057260)