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$1,625,000 -$125,000 (-7.14%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 5 Units
  • Updated 6 days 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

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

General

  • Price: $1,625,000
  • Taxes: $16,966 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Regional
  • MLS ID: RX-11126199
  • Updated: 1/12/2026
  • Added to Site: 117 day(s) ago

Interior

  • Flooring: Carpet, Ceramic Tile, Linoleum

Exterior

  • Exterior Features: Auto Sprinkler, Extra Building, Fence, Zoned Sprinkler

Location

  • Area: 5270
  • County: Palm Beach
  • Development Name: KELSEY CITY
  • Subdivision: Kelsey City
  • Driving Directions: US-1 to Cypress Dr.

School Information

  • Middle School: Howell L. Watkins Middle School

Community

  • Community Features: None
  • Home Owners Assn.: None

Heating & Cooling

  • Cooling Type: Central
  • Heating Type: Central

Utilities

  • Utility Description: Cable, Electric, Public Sewer, Public Water
  • Sep. Water Meters: Yes
  • Sep. Elec Meters: Yes

Structural Information

  • Architectural Style: Duplex/Triplex/Quad
  • Description/Design: Quad Plex
  • Construction: CBS, Frame, Stucco
  • Roof: Composition Shingles
  • Windows: Hurricane Windows, Impact Glass
  • Stories in Building: 2
  • Square Feet: 2,903
  • Sq. Ft. Source: Tax Rolls
  • Year Built: 1928

Unit Information

Unit 1

  • Unit Description: Electric Meter, Kitchen, Laundry, Range - Electric, Refrigerator, Smoke Detector
  • Square Feet: 700
  • Bedrooms: 2
  • Parking: Space Parking

Unit 2

  • Unit Description: Electric Meter, Kitchen, Laundry, Range - Electric, Refrigerator, Smoke Detector
  • Square Feet: 700
  • Bedrooms: 2
  • Parking: Space Parking

Unit 3

  • Unit Description: Electric Meter, Kitchen, Laundry, Range - Electric, Refrigerator, Smoke Detector
  • Square Feet: 700
  • Bedrooms: 2
  • Parking: Space Parking

Unit 4

  • Unit Description: Electric Meter, Kitchen, Laundry, Range - Electric, Refrigerator, Smoke Detector
  • Square Feet: 700
  • Bedrooms: 2
  • Parking: Space Parking

Lot Features

  • Lot Size (Sq. Ft.): 12,595
  • Lot Size: 75.0 ft x 168.0 ft
  • Zoning: R1(cit

Water Features

  • Water Front Desc.: None

Financial Considerations

  • Price Per Sq. Ft.: $559.76
  • Tax Amount: $16,966
  • Tax Year: 2025
  • Terms: Cash, Conventional
  • Tenant Pays: Cable, Electric, Insurance

Disclosures and Reports

  • Legal Description: 3-44-42, E 225 FT OF N 200 FT OF S 1035.13 FT OF NE 1/4
  • Restrictions: Other, Tenant Approval
  • APN: 36434220010690440

Listed by RE/MAX Prestige Realty/Wellington

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Listing agent

— 305 Cypress Dr E Unit #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 Unit #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 Unit #1 2 3 4 5 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
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 Unit #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.

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NMLS#: 1598647

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Listed by RE/MAX Prestige Realty/Wellington

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305 Cypress Drive E, Unit #1,2,3,4,5, Lake Park, FL 33403 (MLS# RX-11126199) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 305 Cypress Drive E, Unit #1,2,3,4,5 is currently listed for $1,625,000 and was received on September 23, 2025. Want to learn more about 305 Cypress Drive E, Unit #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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