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$1,450,000 -$175,000 (-10.77%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 0.29 Acres
  • Updated 1 day ago
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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.

Full Property Details for 305 Cypress Dr E #1,2,3,4,5

General

  • Price: $1,450,000
  • Taxes: $16,966 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Regional
  • MLS ID: R11126199
  • Updated: 2/5/2026
  • Added to Site: 136 day(s) ago

Interior

  • Flooring: Carpet, Ceramic Tile, Linoleum

Additional Information

  • Shared Amenities: None

Location

  • County: Palm Beach
  • Subdivision: KELSEY CITY
  • Driving Directions: US-1 to Cypress Dr.

Community

  • Community Name: 5270
  • Units Assoc/Comm: 5

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Multiple Meters, Public
  • Cable Available: Yes
  • Utility Description: Cable Available, Sewer Available, Water Available

Structural Information

  • Structure Type: Quadruplex
  • Construction: Block, Frame, Stucco
  • Roof: Composition
  • Windows: Storm Window(s)
  • Stories/Levels: 2
  • Building Size: 2919
  • Square Feet: 2,903
  • Living Area: 2,903 Sq. Ft.
  • Year Built: 1928
  • Property Condition: Resale

Additional Structures

  • Other Structures: Outbuilding

Lot Features

  • Lot Size (Acres): 0.29
  • Lot Size (Sq. Ft.): 12,632.4
  • Lot Dimensions: 75.0 ft x 168.0 ft
  • Lot Features: 1/4 to 1/2 Acre Lot, Sprinklers Automatic, Sprinkler System
  • Zoning: R1(cit
  • Fencing (Description): Fenced

Water Features

  • Water Front View: None

Financial Considerations

  • Tax Amount: $16,966
  • Tax Year: 2025
  • Terms: Cash, Conventional
  • Tenant Pays: Cable TV, Electricity, Insurance

Disclosures and Reports

  • Documents Avail.: Financials, Lease
  • Legal Description: 3-44-42, E 225 FT OF N 200 FT OF S 1035.13 FT OF NE 1/4
  • Property ID: 36434220010690440

Listed by RE/MAX Prestige Realty/Wellington

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Listing agent

— 305 Cypress Dr E #1,2,3,4,5 —

  • RE/MAX Prestige Realty/Wellington

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 305 Cypress Dr E #1,2,3,4,5

School District:Palm Beach County School District
NameGradesDistance
Lake Park Elementary School, Lake Park, FL
410 3rd Street, Lake Park, FL 33403
PK-50.1 mi
Howell L. Watkins Middle School
9480 Macarthur Boulevard, Palm Beach Gardens, FL 33403
6-82.1 mi
Palm Beach Gardens High School
4245 Holly Drive, Palm Beach Gardens, FL 33410
9-123.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 305 Cypress Dr E #1,2,3,4,5 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/05/2026
Price Reduced
$1,450,000
-10.77%
MLS
1/12/2026
Price Reduced
$1,625,000
-7.14%
MLS
9/23/2025
Listed
$1,750,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 305 Cypress Dr E #1,2,3,4,5

Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,966
6%
$578,017
-9%
2024
$15,958
1%
$632,714
-18%
2023
$15,831
44%
$771,599
100%
2021
$11,019
-14%
$385,497
-32%
2022
$12,760
16%
$563,820
44%
2021
$11,019
5%
$391,395
13%
2019
$10,489
15%
$345,182
10%
2018
$9,138
2%
$313,802
6%
2017
$9,000
23%
$294,780
43%
2016
$7,289
-5%
$205,471
-9%
2015
$7,672
103%
$226,917
291%
2014
$3,774
20%
$58,021
10%
2013
$3,138
—
$52,746
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 305 Cypress Dr E #1,2,3,4,5

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by RE/MAX Prestige Realty/Wellington

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305 Cypress Drive E #1,2,3,4,5, Lake Park, FL 33403 (MLS# R11126199) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 305 Cypress Drive E #1,2,3,4,5 is currently listed for $1,450,000 and was received on September 23, 2025. Want to learn more about 305 Cypress Drive E #1,2,3,4,5? Do you have questions about finding other Multi-Family real estate for sale in Lake Park? You can browse all Lake Park real estate or contact a Coldwell Banker agent to request more information.

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