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119 N Palmway, Lake Worth Beach, FL 33460 (MLS# R10298154)

119 N Palmway, Lake Worth Beach, FL 33460

$687,500

Property Type: Residential Income Square Footage: 3,024 Status: Closed

Current Price: $687,500 List Date: 1/12/2017 Last Modified: 5/17/2026

Overview

Description

PALMWAY HOUSE AND STUDIOS CONSISTS OF A CHARMING 3 BEDROOM, 2 BATH MAIN HOUSE, WITH 3 STUDIO APARTMENTS. ALL UNITS ARE CURRENTLY RAN AS A VACATION RENTAL COMPLEX. THE PROPERTY IS BEING SOLD WITH THE WEBSITES AND ANY CURRENT/FUTURE BOOKINGS. THIS IS BEING SOLD AS A TURNKEY BUSINESS, FULLY FURNISHED AND OPERATIONAL. THIS PROPERTY OFFERS MANY OPTIONS TO THE NEW OWNERS. IT IS 1 MILE TO THE PUBLIC BEACH AND POOL, AND JUST STEPS TO ALL THE DOWNTOWN HAS TO OFFER. THE ORIGINAL HOUSE AND COTTAGE WERE BUILT IN 1925. THE STUDIO APARTMENTS, A 2 STORY CBS STRUCTURE WAS ADDED IN THE 1960'S, AND HAS BEEN RENOVATED. THERE IS A REAR ENTRY WITH PARKING, AND A LAUNDRY FACILITY.

Listing Details MLS# R10298154

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 3024
Building Area Source: Public Records
Living Area Main: 2834
Year Built: 1925
Lot Size Area: 6753
Lot Size Acres: 0.16
Lot Size Dimensions: 50.0 ft x 135.0 ft
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories: 2
Pool Private YN: No

Property Features

Association Amenities: Golf Course; Jogging Path Documents Available: Deposit - Security Electric: Three Phase Flooring: Terrazzo; Wood Property Condition: Resale Tenant Pays: Electricity Source Of Expenses: Information Limited; Owner Provided Boat and Dock Features: Ramp Construction Materials: CBS; Frame; Stucco; Mixed Cooling: Central Air; Central Individual; Wall/Window Unit(s) Heating: Space Heater Laundry Features: Outside; Washer Hookup; Dryer Hookup Listing Terms: Cash; Conventional Possession: Close Of Escrow Restrictions: Lease OK Roof: Mixed Sewer: Public Sewer Special Information: Sold As-Is Tax Information: City/County Utilities: Cable Available; Natural Gas Available; Sewer Available; Water Available Water Access: None Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany Outdoor Living Spaces: Patio Patio Details: Patio - Open Unit 1 Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Unit 1 Other Equipment: Smoke Detector(s) Unit 1 Parking Features: Parking Space Unit 1 Rooms: Family Room; Kitchen; Laundry Room; Separate Dining Unit 2 Appliances: Dishwasher; Disposal; Microwave; Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 2 Parking Features: Parking Space Unit 2 Rooms: Kitchen Unit 3 Appliances: Dishwasher; Disposal; Microwave; Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 3 Parking Features: Parking Space Unit 3 Rooms: Kitchen Unit 4 Appliances: Dishwasher; Disposal; Microwave; Range; Refrigerator Unit 4 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 4 Parking Features: Open Parking Unit 4 Rooms: Kitchen Contingencies: None Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 775000

Location and Legal

County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 119
Street Direction Prefix: N
Street Name: Palmway
City Name: Lake Worth Beach
State Or Province: FL
Postal Code: 33460
Postal Zip: 33460
Subdivision Name: LAKE WORTH TOWN OF IN PB 2 PGS 29 TO 40 INC
Development Name: PALMWAY HOUSE AND STUDIOS
Area: 5600
Geographic Area: PB16
Parcel Number: 38434421150300120
Zoning: MF30
Directions: ONE BLOCK NORTH OF DOWNTOWN ON LUCERNE AVE.NORTH ON PALMWAY.

Financial Information

Tax Annual Amount: 9055
Tax Year: 2016
Tax Legal Description: TOWN OF LAKE WORTH LT 12 BLK 30

Status Change Information

Major Change Timestamp: 2017-07-31T18:17:17Z
Major Change Type: Status Change
Status Change Date: 2017-07-31
Under Contract Date: 2017-05-26
Close Date: 2017-07-28
Close Price: 687500
Buyer Financing: Cash

More Information

Meter Information

Separate Electric Meters YN: Yes
Separate Water Meters YN: No

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Annual Total Expense: 35307
Gross Income: 103926
Net Operating Income: 68619

Unit 1 Details

Baths Full: 2
Furnished: Furnished
SqFt: 1728
Actual Rent: 0

Unit 2 Details

Baths Full: Yes
Efficiency YN: Yes
Furnished: Furnished
SqFt: 391
Actual Rent: 0

Unit 3 Details

Baths Full: Yes
Efficiency YN: Yes
SqFt: 324
Actual Rent: 0

Unit 4 Details

Baths Full: Yes
Efficiency YN: Yes
Furnished: Furnished
SqFt: 391
Actual Rent: 0

Price Calculations

Current Price To SqFt: 242.58
Original List Price To Close Price: 1.12

Originating Details

Originating System Key: 20170112190104254003000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Association Amenities

Golf Course: Yes
Jogging Path: Yes

Electric

Three Phase: Yes

Flooring

Terrazzo: Yes
Wood: Yes

Property Condition

Resale: Yes

Special Information

Sold As-Is: Yes

Documents Available

Deposit - Security: Yes

Tenant Pays

Electricity: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Natural Gas Available: Yes
Sewer Available: Yes
Water Available: Yes

Heating

Space Heater: Yes

Water Access

None: Yes

Construction Materials

CBS: Yes
Frame: Yes
Stucco: Yes
Mixed: Yes

Laundry Features

Outside: Yes
Washer Hookup: Yes
Dryer Hookup: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Mixed: Yes

Water Source

Public: Yes

Source Of Expenses

Information Limited: Yes
Owner Provided: Yes

Boat and Dock Features

Ramp: Yes

Cooling

Central Air: Yes
Central Individual: Yes
Wall/Window Unit(s): Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes
Listing Agent Must Accompany: Yes

Restrictions

Lease OK: Yes

Tax Information

City/County: Yes

Outdoor Living Spaces

Patio: Yes

Patio Details

Patio - Open: Yes

Contingencies

None: Yes

Unit 1 Appliances

Dishwasher: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Other Equipment

Smoke Detector(s): Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Rooms

Family Room: Yes
Kitchen: Yes
Laundry Room: Yes
Separate Dining: Yes

Unit 2 Appliances

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 2 Patio/Porch

Patio/Porch: Yes

Unit 2 Rooms

Kitchen: Yes

Unit 3 Appliances

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 3 Parking Features

Parking Space: Yes

Unit 3 Patio/Porch

Patio/Porch: Yes

Unit 3 Rooms

Kitchen: Yes

Unit 4 Appliances

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 4 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 4 Parking Features

Open Parking: Yes

Unit 4 Rooms

Kitchen: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes

Listing Office: The Corcoran Group

Last Updated: May - 17 - 2026

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119 N Palmway, Lake Worth Beach, FL 33460 (MLS# R10298154)