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125 Castlewood Drive 1, North Palm Beach, FL 33408 (MLS# R11108849)

125 Castlewood Drive 1, North Palm Beach, FL 33408

$800,000
Property Type: Residential Income Square Footage: 3,330 Status: Closed
Current Price: $800,000 List Date: 7/19/2025 Last Modified: 8/13/2026

Overview

Description

RARE INVESTMENT OPPORTUNITY! North Palm Beach Triplex near Intracoastal. Don't miss this exceptional chance to own a fully leased 3-unit residential income property in the heart of highly desirable North Palm Beach Intracoastal neighborhood—just a short walk to Publix, waterfront parks, restaurants, and more! Each unit offers 2 bedrooms/2 full baths; Walk-in closets in primary bedrooms; dedicated laundry rooms with washer/dryer; Accordion hurricane shutters throughout; private fenced yards; separate electric & water meters & more! One of the units has been renovated to include quartz countertops; stainless steel appliances; newer AC; marble in primary bathroom & porcelain plank wood flooring. Great investment with upside potential! Please DO NOT disturb tenants.

Supplements: Showings by appointment only

Listing Details MLS# R11108849

General Property Information

Number Of Units Total
3
Property Sub Type
Triplex
Building Area Main
3330
Building Area Source
Public Records
Living Area Main
3330
Year Built
1978
Gated Community YN
No
Lot Size Area
10945
Lot Size Acres
0.25
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories
Yes
Pool Private YN
No

Property Features

Association Amenities: None Documents Available: Other Electric: Three Phase Fencing: Fenced Flooring: Ceramic Tile; Tile Property Condition: Resale Structure Type: Triplex Tenant Pays: Electricity; Water Source Of Expenses: Owner Provided Construction Materials: CBS Cooling: Ceiling Fan(s); Central Air Heating: Central Listing Terms: Cash; Conventional; Trade Possession: Close Of Escrow Restrictions: No Restrictions Road Frontage Type: East of US-1 Roof: Composition Sewer: Public Sewer Sprinkler Description: Auto Sprinkler; Zoned Sprinkler Tax Information: City/County Utilities: Cable Available; Sewer Available; Water Available Water Access: None Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Listing Agent Must Accompany Outdoor Living Spaces: Deck; Patio Patio Details: Patio - Open Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Parking Space Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Parking Space Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Parking Space Contingencies: Financing Acreage Description: Less Than 1/4 Acre Lot; 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
890000
Negotiable Seller Concessions YN
Yes

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
125
Street Name
Castlewood
Street Suffix
Drive
Unit Number
Yes
City Name
North Palm Beach
State Or Province
FL
Postal Code
33408
Postal Zip
33408
Subdivision Name
PALM BEACH LAKE WORTH ESTATES
Area
5270
Geographic Area
PB26
Special Assessment YN
No
Parcel Number
68434216010002000
Zoning
R3(cit
Directions
Take Northlake Blvd. East to Castlewood. turn right (South) to property on right.

Financial Information

Tax Annual Amount
15983.3
Tax Year
2024
Tax Legal Description
PALM BEACH LAKE WORTH ESTATES LOT 200

Status Change Information

Major Change Timestamp
2025-09-26T13:41:03Z
Major Change Type
Status Change
Price Change Timestamp
2025-07-19T14:18:38Z
Status Change Date
2025-09-26
Under Contract Date
2025-09-01
Close Date
2025-09-25
Close Price
800000
Buyer Financing
Cash

More Information

Meter Information

Separate Electric Meters YN
Yes
Separate Water Meters YN
Yes

Short Sale Details

Short Sale Addendum
No

Income and Expenses

Annual Total Expense
25340
Gross Income
72600
Net Operating Income
47170

Storm Protection

Accordian Shutters
Complete

Unit 1 Details

Actual Rent
2000
Baths Full
2
Furnished
Unfurnished
SqFt
1100

Unit 1 Lease Description

Lease Expiration
2026-06-30

Unit 2 Details

Actual Rent
2300
Baths Full
2
Furnished
Unfurnished
SqFt
1100

Unit 2 Lease Description

Lease Expiration
2026-06-30

Unit 3 Details

Actual Rent
1750
SqFt
1100

Unit 3 Lease Description

Lease Expiration
2026-06-30

Price Calculations

Current Price To SqFt
240.24
Original List Price To Close Price
1.11

Originating Details

Originating System Key
20250701132849590352000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Association Amenities

None
Yes

Electric

Three Phase
Yes

Flooring

Ceramic Tile
Yes
Tile
Yes

Property Condition

Resale
Yes

Documents Available

Other
Yes

Fencing

Fenced
Yes

Structure Type

Triplex
Yes

Tenant Pays

Electricity
Yes
Water
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes
Sewer Available
Yes
Water Available
Yes

Heating

Central
Yes

Sprinkler Description

Auto Sprinkler
Yes
Zoned Sprinkler
Yes

Water Access

None
Yes

Construction Materials

CBS
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Trade
Yes

Road Frontage Type

East of US-1
Yes

Roof

Composition
Yes

Water Source

Public
Yes

Source Of Expenses

Owner Provided
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes
Call Listing Agent
Yes
Listing Agent Must Accompany
Yes

Restrictions

No Restrictions
Yes

Tax Information

City/County
Yes

Outdoor Living Spaces

Deck
Yes
Patio
Yes

Patio Details

Patio - Open
Yes

Contingencies

Financing
Yes

Unit 1 Other Equipment

Air Conditioning Unit
Yes

Unit 1 Parking Features

Parking Space
Yes

Unit 2 Other Equipment

Air Conditioning Unit
Yes

Unit 2 Parking Features

Parking Space
Yes

Unit 3 Other Equipment

Air Conditioning Unit
Yes

Unit 3 Parking Features

Parking Space
Yes

Acreage Description

Less Than 1/4 Acre Lot
Yes
1/4 To Less Than 1/2 Acre Lot
Yes
IDX
Listing Office: Leibowitz Realty Group, LLC./PBG
Last Updated: August - 13 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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