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Property Description
*Exceptional Turnkey Multi-Family Investment Opportunity *Discover a cash-flowing, income-producing asset perfectly positioned for the savvy investor or owner-operator. This 2-bedroom, 2-bathroom duplex delivers immediate rental income with remarkable upside potential. Unit A is currently vacant, but a recent tenant was paying $1,500 per month, while Unit B has been successfully operated as an Airbnb, grossing an impressive $31,000 last year. Both units have been freshly remodeled and feature modern laminate flooring throughout, stylish breakfast bars, and updated finishes that attract quality tenants and guests alike. Unit B showcases brand new wood cabinets and comes fully furnished, equipped with a coffee maker, microwave, couch, bed, two televisions, computer desk, and chair - meaning you can begin generating Airbnb income from day one with zero additional investment. Major capital improvements have already been completed, including a brand new roof installed in 2024 and two wall-mounted AC units added to each unit in 2024. These significant upgrades provide peace of mind and reduce future maintenance costs, allowing you to maximize your returns immediately. Whether you choose to continue the current dual-income strategy, convert both units to long-term rentals, or occupy one unit while the other pays your mortgage, the flexibility of this property is unmatched. Located in the desirable Lantana community with easy access to beaches, dining, and local attractions, this duplex is ideally suited for short-term rental demand. This property is easy to show and ready for its next owner. Schedule your private tour today and start building your real estate portfolio. No assignable contracts.
Full Property Details
Full Property Details for 7871 Terrace Rd
General
- Price: $499,999
- Taxes: $8,337 (2025)
- Status: Active
- Type: Duplex
- Source: MidFloridaRegionalMLS
- MLS ID: TB8490469
- Updated: 3/25/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Ceiling Fan(s), Eating Space In Kitchen, Solid Surface Counters, Solid Wood Cabinets
- Appliances: Convection Oven, Refrigerator
- Flooring: Laminate
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Exterior
- Exterior Features: Private Entrance
Location
- Area: 33462 - Lake Worth
- County: Palm Beach
- Development Name: 33462 - Lake Worth
- Subdivision: TROPICAL TERRACE
- Driving Directions: Heading north on I-95 N, Take exit 59 for Gateway Blvd. Turn right onto E Gateway Blvd. Drive 0.1 miles then turn left onto N Seacrest Blvd. Drive 0.5 miles and turn right onto Miner Rd. Drive another 0.6 miles then turn left onto Terrace Rd. In 0.1 miles, destination will be on the left.
Community
- Community Name: 33462 - Lake Worth
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public
Structural Information
- # Buildings: 1
- Exterior Const.: Stucco
- Roof: Shingle
- Square Feet: 944
- Sq. Ft. Source: Public Records
- Year Built: 1955
Lot Features
- Lot Size (Acres): 0.23
- Lot Size (Sq. Ft.): 10,000
- Lot Size: 10000
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $8,337
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: TROPICAL TERRACE LTS 87 & 88
- Flood Zone Info: X
- APN: 434510070000870
- Property ID: 434510070000870
Listed by Richard Peters Realty Llc
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Schools
Schools serving 7871 Terrace Rd
School District:Palm Beach County School District
| Name | Grades | Distance |
|---|---|---|
Rolling Green Elementary School 550 Miner Road, Boynton Beach, FL 33435 | K-5 | 0.3 mi |
Boynton Beach Community High School 4975 Park Ridge Boulevard, Boynton Beach, FL 33426 | 9-12 | 1.9 mi |
Congress Community Middle School 101 South Congress Avenue, Boynton Beach, FL 33426 | 6-8 | 3.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7871 Terrace Rd
Date
Details
Price
Change
Source
3/25/2026
Listed
$499,999
38.89%
MLS
10/13/2023
Sold
$360,000
—
Public Record
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
Tax History for 7871 Terrace Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,342
5%
$289,434
13%
2024
$7,974
166%
$256,161
-2%
2023
$2,993
30%
$261,524
57%
2021
$2,307
-19%
$166,737
-32%
2022
$2,846
23%
$243,742
95%
2021
$2,307
30%
$124,737
156%
2019
$1,776
13%
$48,698
10%
2018
$1,569
15%
$44,271
10%
2017
$1,365
7%
$40,246
10%
2016
$1,273
5%
$36,587
10%
2015
$1,208
14%
$33,261
10%
2014
$1,056
103%
$30,237
10%
2013
$519
—
$27,488
—
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
Estimate the Cost for 7871 Terrace Rd
7871 Terrace Road, Lantana, FL 33462 (MLS# TB8490469) is a Duplex property with 2 bedrooms and 0 full bathrooms. 7871 Terrace Road is currently listed for $499,999 and was received on March 25, 2026. Want to learn more about 7871 Terrace Road? Do you have questions about finding other Duplex real estate for sale in Lantana? You can browse all Lantana real estate or contact a Coldwell Banker agent to request more information.

