231 S Palmway, Lake Worth, FL
$ 2,900,000
Property Attributes
  • MLS#A11253339
  • TypeIncome
  • CountyPALM BEACH
  • CityLake Worth
  • Area5004
  • NeighborhoodLake Worth Town Of
  • Zip33460
  • StyleFourplex
  • Year Built1947
  • Taxes$ 24658
  • Price$ 2,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7251
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description

The Wedgewood poses an incredible opportunity to purchase a unique oasis in the heart of downtown Lake Worth Beach, Florida. The Wedgewood is comprised of eight private villas and a bonus income-producing studio unit, on two parcels, located just two blocks from Lake Avenue and a short mile from the beautiful beaches. It is more fitting to call the units villas, rather than apartments, as they feel like spacious homes, offering dual entrances with private gardens. The property offers a true value-add opportunity to increase rents to market. Additionally, the footprint and location are ideal for vacation rentals. PLEASE DO NOT ENTER THE PROPERTY AND DISTURB TENANTS WITHOUT LISITING AGENT PRESENT. GO TO LINKS TO VIEW OM WITH CURRENT AND PRO FORMA FINANCIALS

Price History
8/8/2022 Listed $2,900,000

General Features

Architectural Style Fourplex
City Lake Worth
Community Features LaundryFacilities
Construction Materials Block
Cooling CentralAir, CeilingFans
County Palm Beach County
Directions 2 blocks south of lake ave on the west side corner of 3rd and S Palmway
Exterior Features Fence, Lighting, Patio, Shed
Heating Central
Levels One
ListingTerms Cash, Conventional, Item1031Exchange
MLS Area 5004
Mlsareaminor Palm Beach 5001; 5002; 5003; 5004
Occupant Type Tenant
Patio/Porch Features Patio
Pool Features None
Possession ClosingFunding
Property Sub Type Additional Quadruplex
Property SubType Quadruplex
Property Type ResidentialIncome
Rent Includes Gardener, HotWater, PestControl, Sewer
Roof Flat, Other, Tile
Sewer PublicSewer
Standard Status Active
Status Active
Stories 1
Street Name Palmway
Subdivision Name LAKE WORTH TOWN OF
Tax Annual Amount 24658.0
Tax Year 2022
Utilities CableAvailable
Virtual Tour
Waterfront Y/N No
Year Built 1947
Year Built Details Resale
Zoning Description MF-20 (c

Interior Features

Air Conditioning Y/N Yes
Flooring Tile, Wood
Heating Y/N Yes

Exterior Features

Building Area Total 7251.0
Covered Spaces 0.0
Lot Features Item14to12AcreLot
Lot Size Units SquareFeet
Total Parking 9.0


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 33460

AVG $1.4M
AVG $1,230
AVG 225
Year Built
AVG 1966
AVG 67
Data Provided by Walkscore ® not using MLS data

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