$1,280,000
305 Cypress Drive E 1
Explore the area: Lake Park homes for sale · Palm Beach County real estate
Price Check
How this price compares
- List price
- $1,280,000
- Price per sq ft
- $441
- Original price
- $1,750,000
- Days on market
- 345
This multi-family property in Kelsey City is listed at $1,280,000, or $441 per square foot. The asking price has come down 26.9% from its original $1,750,000. It has been on the market for 345 days.
Estimated monthly payment
$6,727 /mo
Principal and interest only, based on $256,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,280,000
- Days on Site
- 345 Days
- Bedrooms
- 0
- Total Baths
- 4
- Living Area
- 2,903 sqft
- Total Sq Ft
- 2,919 sqft
- Lot Size
- 0.29 Acres
- Year Built
- 1928
- Property Type
- Multi-Family
- MLS #
- R11126199
- Property Tax
- $16,966 (2025)
- Subdivision
- KELSEY CITY
- Development
- KELSEY CITY
- County
- Palm Beach
- Status
- Active
- Special Conditions
- Standard
About This Property
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.
Virtual TourGeneral Features
- Property Type
- Multi-Family
- Status
- Active
- Year Built
- 1928
- Property Condition
- Resale
- Levels
- Two
- Lot Size (Acres)
- 0.29
- Living Sq Ft
- 2,903
- Total Sq Ft
- 2,919
- Structure Type
- Quadruplex
- Sewer
- Public Sewer
- Water Source
- Multiple Meters / Public
- Zoning
- R1(cit
Interior Features
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Carpet / Ceramic Tile / Linoleum
- Windows
- Storm Windows
Exterior Features
- Construction
- Frame / Stucco
- Roof
- Composition
- Exterior Features
- Courtyard / Garden / Other
- Lot Features
- Quarter To Half Acre Lot / Sprinklers Automatic / Sprinkler System
- Waterfront Features
- None
Community & HOA
- Utilities
- Cable Available / Sewer Available / Water Available
- Financing Terms
- Cash / Conventional
- Restrictions
- No Restrictions
- MLS Area
- 5270
Schools
- Elementary School
- Lake Park
- Middle School
- Howell L. Watkins
- High School
- Palm Beach Gardens
About the Community
Kelsey City is a community in Lake Park, Palm Beach County, Florida. Active listings are priced from $415,000 to $925,000. Homes were built between 1957 and 1972. Pure Equity lists homes in Kelsey City and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 17
- Median List Price
- $750,000
- Median $/Sq Ft
- $348
- Avg Days on Market
- 69
Frequently Asked Questions
- How do I schedule a tour of 305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403?
- Use the Tour button on this listing to request a showing of 305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403 still available?
- 305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403 is currently listed as Active, and has been on the market 345 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403?
- With 20% down ($256,000) on the $1,280,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403 is about $6,727/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403?
- 305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403 is zoned for Lake Park (elementary), Howell L. Watkins (middle), Palm Beach Gardens (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403?
- Often, yes. The right offer on 305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403 depends on how it's priced against comparable multi-family sales in Lake Park, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of RE/MAX Prestige Realty/Wellington
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$1,280,000
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Listed by Fabian Robert McCullon, RE/MAX Prestige Realty/Wellington
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Recent Sales
Recently sold homes in Kelsey City
These are the last 6 recorded closings in Kelsey City, with the price each home actually sold for rather than what it was listed at. They closed at a median of $355 per square foot. The most recent closed on September 25, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$615,000
Sold · September 25, 2026
434 Australian Circle
3 bed · 2 bath · 1,916 sqft · $321/sqft
$54,000 under the asking price
Sold$530,000
Sold · September 23, 2026
1133 7th Street
3 bed · 2 bath · 1,431 sqft · $370/sqft
$70,000 under the asking price
Sold$602,000
Sold · September 18, 2026
415 Park Avenue
3 bed · 2 bath · 1,698 sqft · $355/sqft
$48,000 under the asking price
Sold$500,000
Sold · September 16, 2026
255 Foresteria Drive
3 bed · 2 bath · 1,557 sqft · $321/sqft
$5,000 over the asking price
Sold$570,000
Sold · September 14, 2026
711 Laurel Drive
3 bed · 2 bath · 1,366 sqft · $417/sqft
$69,000 under the asking price
Sold$420,000
Sold · August 31, 2026
652 Bayberry Drive
0 bed · 3 bath · 1,647 sqft · $255/sqft
$5,000 over the asking price
See every recorded sale in Kelsey City or find out what your Kelsey City home is worth.
