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2507 N Federal Highway, Lake Worth Beach, FL 33460 (MLS# R10421950)

2507 N Federal Highway, Lake Worth Beach, FL 33460

$675,000

Property Type: Residential Income Square Footage: 3,726 Status: Closed

Current Price: $675,000 List Date: 4/10/2018 Last Modified: 5/17/2026

Overview

Description

Tremendous opportunity for this vacation rental compound. Current owners have been very successful offering the entire property to rent as a whole, sleeping up to 16 people, or also listed separately as one 4 bedroom house and two 1 bedroom apartments. Stays busy year round, a great location and proximity to everything, turn key and has over $50k in future bookings ready to transfer to new buyer. Unique mini-estate compound in College Park.The property is on 2 lots, with the possibility of adding a garage, or additional sq. footage. Hollow tile construction, beautiful original hardwood floors, and stone fireplace. 10 ft. ceilings throughout. Spanish Mission in exterior style with Craftsman style interior features. Less than 15 minutes to the Airport, and 20 blocks to downtown Lake Worth.

Listing Details MLS# R10421950

General Property Information

Number Of Units Total: 3
Property Sub Type: Triplex
Building Area Main: 3726
Building Area Source: Public Records
Living Area Main: 3676
Year Built: 1926
Lot Size Area: 12075
Lot Size Acres: 0.28
Lot Size Dimensions: 115.0 ft x 105.0 ft
Senior Community YN: No
Stories: 2
Pool Private YN: Yes

Property Features

Association Amenities: Boating; Golf Course; Jogging Path; Sidewalks Documents Available: Accounting Statements Electric: Three Phase Flooring: Wood; Other Property Condition: Resale Tenant Pays: None Source Of Expenses: Owner Provided Boat and Dock Features: Ramp Construction Materials: CBS; Hollow Tile Cooling: Central Building Heating: Central Listing Terms: Cash; Conventional Pool Features: In Ground Possession: Close Of Escrow Restrictions: No Restrictions Roof: Composition Sewer: Public Sewer Sprinkler Description: Zoned Sprinkler Tax Information: City/County Utilities: Cable Available; Natural Gas Available; Sewer Available; Water Available View: Pool Water Access: None Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Occupied Occupant Details: Tenant Occupied Unit 1 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator Unit 1 Interior Features: Cathedral/Vaulted Ceiling(s); Split Bedroom Plan Unit 1 Parking Features: Parking Space Unit 1 Rooms: Foyer; Kitchen; Laundry Room; Separate Dining Unit 2 Appliances: Disposal; Microwave; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Parking Space Unit 2 Rooms: Kitchen Unit 3 Appliances: Microwave; Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Parking Space Unit 3 Rooms: Kitchen Contingencies: None Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 749000

Location and Legal

County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 2507
Street Direction Prefix: N
Street Name: Federal
Street Suffix: Highway
City Name: Lake Worth Beach
State Or Province: FL
Postal Code: 33460
Postal Zip: 33460
Subdivision Name: COLLEGE PARK
Development Name: COLLEGE PARK
Area: 5600
Geographic Area: PB16
Parcel Number: 38434415060010450
Zoning: SF-7(c
Directions: 1 mile south of Forest Hill Blvd. on Olive Avenue to Columbia Drive on the corner.

Financial Information

Association YN: Yes
Association Membership: Voluntary
Tax Annual Amount: 10799
Tax Year: 2017
Tax Legal Description: COLLEGE PARK LYS 45 TO 47 LT 48 BLK 1

Status Change Information

Major Change Timestamp: 2018-11-29T15:05:13Z
Major Change Type: Status Change
Price Change Timestamp: 2018-08-29T20:11:40Z
Status Change Date: 2018-11-29
Under Contract Date: 2018-09-27
Close Date: 2018-11-28
Close Price: 675000
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: 32069
Gross Income: 110500
Net Operating Income: 77931

Unit 1 Details

Actual Rent: 8000
Baths Full: Yes
Baths Half: Yes
Furnished: Furnished
SqFt: 550

Unit 2 Details

Actual Rent: 4000
Baths Full: Yes
Furnished: Furnished
SqFt: 550

Unit 3 Details

Actual Rent: 4000
Baths Full: Yes
Furnished: Furnished
SqFt: 550

Price Calculations

Current Price To SqFt: 183.62
Original List Price To Close Price: 1.1

Originating Details

Originating System Key: 20180410185222994831000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Association Amenities

Boating: Yes
Golf Course: Yes
Jogging Path: Yes
Sidewalks: Yes

Electric

Three Phase: Yes

Flooring

Wood: Yes
Other: Yes

Property Condition

Resale: Yes

Documents Available

Accounting Statements: Yes

Tenant Pays

None: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

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

View

Pool: Yes

Heating

Central: Yes

Sprinkler Description

Zoned Sprinkler: Yes

Water Access

None: Yes

Construction Materials

CBS: Yes
Hollow Tile: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Pool Features

In Ground: Yes

Roof

Composition: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Boat and Dock Features

Ramp: Yes

Cooling

Central Building: Yes

Showing Requirements

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

Restrictions

No Restrictions: Yes

Tax Information

City/County: Yes

Occupant Details

Tenant Occupied: Yes

Contingencies

None: Yes

Unit 1 Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Interior Features

Cathedral/Vaulted Ceiling(s): Yes
Split Bedroom Plan: Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Rooms

Foyer: Yes
Kitchen: Yes
Laundry Room: Yes
Separate Dining: Yes

Unit 2 Appliances

Disposal: Yes
Microwave: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 2 Rooms

Kitchen: Yes

Unit 3 Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes

Unit 3 Parking Features

Parking Space: Yes

Unit 3 Rooms

Kitchen: Yes

Unit 4 Details

Actual Rent: 0
SqFt: 0

Acreage Description

1/4 To Less Than 1/2 Acre Lot: Yes

Listing Office: The Corcoran Group

Last Updated: May - 17 - 2026

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2507 N Federal Highway, Lake Worth Beach, FL 33460 (MLS# R10421950)