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418 S Ocean Breeze, Lake Worth Beach, FL 33460 (MLS# R10992296)

418 S Ocean Breeze, Lake Worth Beach, FL 33460

$940,000
Property Type: Residential Income Square Footage: 3,531 Status: Closed
Current Price: $940,000 List Date: 6/01/2024 Last Modified: 5/16/2026

Overview

Description

DESIRABLE CONCRETE-BLOCK 4-UNIT APARTMENT BUILDING in LAKE WORTH BEACH! Premier location EAST of Federal Hwy.! Steps to intracoastal-waterfront Bryant Park, a short 4-block stroll to famed Lake Avenue dining and shopping, quick bike ride to the beach. Around the corner from the two celebrated ''Castles''! This locale is both convenient and prestigious. After 25 years of attentive, cherished ownership, the recently-retired resident-owner will now move North. Ideal unit mix: Two large 2-bedroom apartments, and two spacious 1-bedroom apartments. Shared laundry room with machines. Roof replaced just two years ago. Valuable off-street parking. Robust 1966 construction, easy to maintain. Increase the rents to market rate, and you'll have an extraordinary income producer!

Listing Details MLS# R10992296

General Property Information

Number Of Units Total
4
Property Sub Type
Quadruplex
Building Area Main
3531
Building Area Source
Public Records
Living Area Main
2895
Year Built
1966
Gated Community YN
No
Lot Size Area
6750
Lot Size Acres
0.15
Lot Size Dimensions
50' x 135'
Senior Community YN
No
Stories
Yes
Pool Private YN
No

Property Features

Association Amenities: None Documents Available: None Electric: Three Phase Flooring: Ceramic Tile; Terrazzo Property Condition: Resale Tenant Pays: Electricity Source Of Expenses: Other Construction Materials: CBS Cooling: Central Air Heating: Central Listing Terms: Cash Lot Features: Interior Lot Possession: Close Of Escrow Restrictions: No Restrictions Roof: Composition Sewer: Public Sewer Special Information: Sold As-Is Tax Information: City/County Utilities: Sewer Available; Water Available Water Access: None Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Listing Agent Must Accompany; Text Listing Agent; See Remarks Unit 1 Appliances: Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Parking Space Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Parking Space Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Parking Space Unit 4 Appliances: Range; Refrigerator Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: Parking Space Contingencies: Inspection

Contract Information

Comp Sale YN
No
Original List Price
955000

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
418
Street Direction Prefix
S
Street Name
Ocean Breeze
City Name
Lake Worth Beach
State Or Province
FL
Postal Code
33460
Postal Zip
33460
Subdivision Name
Town Of Lake Worth
Area
5610
Geographic Area
PB16
Parcel Number
38434421151630020
Zoning
MF-20
Directions
Take LAKE AVENUE to S. OCEAN BREEZE, and turn right. Property is located on the EAST side of the street.

Financial Information

Tax Annual Amount
10612
Tax Year
2023
Tax Legal Description
Town of Lake Worth Lot 2 Block 163

Status Change Information

Major Change Timestamp
2024-07-09T21:42:12Z
Major Change Type
Status Change
Status Change Date
2024-07-09
Under Contract Date
2024-06-07
Close Date
2024-07-08
Close Price
940000
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

Gross Income
32000
Annual Total Expense
0

Storm Protection

Other Protection
Partial

Showing Details

Pet(s) on Premises
Yes

Unit 1 Details

Actual Rent
925
Baths Full
Yes
Furnished
Unfurnished
SqFt
785

Unit 2 Details

Actual Rent
875
Baths Full
Yes
Furnished
Unfurnished
SqFt
650

Unit 3 Details

Actual Rent
875
Baths Full
Yes
Furnished
Unfurnished
SqFt
675

Unit 4 Details

Baths Full
Yes
Furnished
Unfurnished
SqFt
785
Actual Rent
0

Price Calculations

Current Price To SqFt
324.69
Original List Price To Close Price
1.01

Originating Details

Originating System Key
20240601153247149728000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Association Amenities

None
Yes

Electric

Three Phase
Yes

Flooring

Ceramic Tile
Yes
Terrazzo
Yes

Property Condition

Resale
Yes

Special Information

Sold As-Is
Yes

Documents Available

None
Yes

Tenant Pays

Electricity
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Utilities

Sewer Available
Yes
Water Available
Yes

Heating

Central
Yes

Water Access

None
Yes

Construction Materials

CBS
Yes

Listing Terms

Cash
Yes

Lot Features

Interior Lot
Yes

Roof

Composition
Yes

Water Source

Public
Yes

Source Of Expenses

Other
Yes

Cooling

Central Air
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes
Listing Agent Must Accompany
Yes
Text Listing Agent
Yes
See Remarks
Yes

Restrictions

No Restrictions
Yes

Tax Information

City/County
Yes

Contingencies

Inspection
Yes

Unit 1 Appliances

Range
Yes
Refrigerator
Yes

Unit 1 Other Equipment

Air Conditioning Unit
Yes

Unit 1 Parking Features

Parking Space
Yes

Unit 2 Appliances

Range
Yes
Refrigerator
Yes

Unit 2 Other Equipment

Air Conditioning Unit
Yes

Unit 2 Parking Features

Parking Space
Yes

Unit 3 Appliances

Range
Yes
Refrigerator
Yes

Unit 3 Other Equipment

Air Conditioning Unit
Yes

Unit 3 Parking Features

Parking Space
Yes

Unit 4 Appliances

Range
Yes
Refrigerator
Yes

Unit 4 Other Equipment

Air Conditioning Unit
Yes

Unit 4 Parking Features

Parking Space
Yes
Listing Office: Southdale Properties Inc.
IDX
Last Updated: May - 16 - 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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