$2,000,000
309 S Palmway
Lake Worth, FL 33460
LAKE WORTH TOWN OF
Explore the area: Lake Worth homes for sale · Palm Beach County real estate
Price Check
How this price compares
- List price
- $2,000,000
- Price per sq ft
- $496
- Original price
- Unchanged
- Days on market
- 9
This multi-family property in ZIP 33460 is listed at $2,000,000, or $496 per square foot. It has been on the market for 9 days.
Estimated monthly payment
$10,511 /mo
Principal and interest only, based on $400,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $2,000,000
- Days on Site
- 9 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 4,032 sqft
- Total Sq Ft
- 4,032 sqft
- Year Built
- 1964
- Property Type
- Multi-Family
- MLS #
- A12116601
- Property Tax
- $25,132 (2026)
- Subdivision
- LAKE WORTH TOWN OF
- County
- Palm Beach
- Status
- Active
About This Property
Kislak is pleased to present 309 South Palmway, an eight-unit multifamily investment opportunity in the highly desirable Bryant Park neighborhood of Lake Worth Beach, Florida. South Palmway is one of Lake Worth Beach’s most sought-after residential streets, prized for its established character, proximity to the Intracoastal Waterway and access to downtown. The property is just one block from Bryant Park and minutes from Downtown Lake Worth Beach and the Atlantic Ocean. The two-story property consists of eight one-bedroom/one-bathroom residences.Recent capital improvements include a new roof, impact-resistant windows and doors, and complete exterior painting. Amenities include private patios and storage sheds for the four first-floor residences, a detached CBS laundry building with coin-operated washer and dryer, and nine designated, lighted on-site parking spaces.The offering provides investors an opportunity to acquire a well-maintained multifamily asset with significant rental upside. Current rents range from $1,400 to $1,615 per month, compared with projected market rents of $1,800 per unit, representing approximately $29,520 in potential additional annual base rental income. The property's premier South Palmway location, recent improvements and rental upside present a compelling investment opportunity in one of Palm Beach County's desirable coastal markets.
MLS media linkGeneral Features
- Property Type
- Multi-Family
- Status
- Active
- Year Built
- 1964
- Property Condition
- Updated Remodeled
- Number of Stories
- 2
- Living Sq Ft
- 4,032
- Total Sq Ft
- 4,032
- Structure Type
- Multi Family
- Sewer
- Public Sewer
- Zoning
- MF-20 (c
Interior Features
- Cooling
- Central Air
- Heating
- Central / Separate Meters
- Flooring
- Laminate / Tile
Exterior Features
- Construction
- Block
- Roof
- Flat
Community & HOA
- Utilities
- Cable Available
- Financing Terms
- Cash / Conventional
- MLS Area
- 5610
Schools
- Elementary School
- South Grade
- Middle School
- Lake Worth
- High School
- Lake Worth
About the Area
Lake Worth homes for sale start under $350K, well below Palm Beach and Boca Raton entry points. The city, officially renamed Lake Worth Beach in 2019, sits on the Intracoastal with ocean access 2 miles east via A1A. Most of the housing stock is 1950s to 1980s bungalow: 3-bedroom homes in the core grid sell from $325K to $550K. Intracoastal properties start at $900K. The downtown Federal Highway corridor added 30+ businesses since 2018. Bryant Park has a pool, tennis courts, and a public boat ramp. Palm Beach International Airport is 8 miles north. I-95 is within 2 miles of most addresses.
- Homes for Sale
- 764
- Under Contract
- 243
- Median List Price
- $417,450
- Median Sale Price (October)
- $480,000
- Median $/Sq Ft
- $251
- Avg Days on Market
- 103
Frequently Asked Questions
- How do I schedule a tour of 309 S Palmway, Lake Worth, FL 33460?
- Use the Tour button on this listing to request a showing of 309 S Palmway, Lake Worth, FL 33460. 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 309 S Palmway, Lake Worth, FL 33460 still available?
- 309 S Palmway, Lake Worth, FL 33460 is currently listed as Active, and has been on the market 9 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 309 S Palmway, Lake Worth, FL 33460?
- With 20% down ($400,000) on the $2,000,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 309 S Palmway, Lake Worth, FL 33460 is about $10,511/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 309 S Palmway, Lake Worth, FL 33460?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 309 S Palmway, Lake Worth, FL 33460. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 309 S Palmway, Lake Worth, FL 33460?
- 309 S Palmway, Lake Worth, FL 33460 is zoned for South Grade (elementary), Lake Worth (middle), Lake Worth (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 309 S Palmway, Lake Worth, FL 33460?
- Often, yes. The right offer on 309 S Palmway, Lake Worth, FL 33460 depends on how it's priced against comparable multi-family sales in Lake Worth, 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 J.I. Kislak Realty Corp
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 November 14, 2026.
$2,000,000
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Listed by Alexis Shapiro, J.I. Kislak Realty Corp
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Recent Sales
Recently sold homes in ZIP 33460
These are the last 6 recorded closings in ZIP 33460, with the price each home actually sold for rather than what it was listed at. They closed at a median of $288 per square foot. The most recent closed on November 13, 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$260,000
Sold · November 13, 2026
11 S D Street
3 bed · 2 bath · 1,219 sqft · $213/sqft
$19,000 under the asking price
Sold$1,040,000
Sold · November 13, 2026
128 Vassar Drive
4 bed · 2.5 bath · 2,129 sqft · $488/sqft
$255,000 under the asking price
Sold$500,000
Sold · November 12, 2026
121 S B Street
3 bed · 2 bath · 1,835 sqft · $272/sqft
$60,000 over the asking price
Sold$270,000
Sold · November 9, 2026
1502 S Lakeside Drive 214
2 bed · 2 bath · 1,010 sqft · $267/sqft
$8,500 under the asking price
Sold$221,000
Sold · November 6, 2026
1214 N C Street
2 bed · 1 bath · 768 sqft · $288/sqft
$9,000 under the asking price
Sold$446,800
Sold · November 4, 2026
1525 N M Street
3 bed · 2 bath · 1,261 sqft · $354/sqft
$32,200 under the asking price
See every recorded sale in ZIP 33460 or find out what your ZIP 33460 home is worth.
