305 Cypress Dr 1 #1,2,3,4,5, Lake Park, FL 33403

– baths2,504 sq ft$511 per sq ftBuilt 1928

As of October 21, 2026, this condo at Lake Park is for sale at $1,280,000 ($511 per sq ft). It was listed on September 25, 2026.

MLS data updated October 21, 2026 at 4:53 AM ET.

Key facts

Type: Condo
Year built: 1928
Property tax: $16,955 (2025)
Waterfront: No
Pets: No pets
Cooling: Central Air
Heating: Central
MLS number: B26080606

Listing information

Listing courtesy of RE/MAX Prestige Realty/Wellington, 561-798-8080, connorfaroni@outlook.com

Listing agent: Fabian Robert McCullon, Fabiansellsfl@gmail.com

BeachesMLS. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc.

MIAMI MLS. Listing data from MIAMI MLS (South East Florida Regional MLS). Information is deemed reliable but not guaranteed.

Listing information is provided for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify homes consumers may want to buy or rent.

Listing last changed October 19, 2026.

From the listing

INCOME-PRODUCING 5-UNIT INVESTMENT PROPERTY - 100% OCCUPIED! Exceptional opportunity to acquire a fully rented, well-maintained multifamily property offering immediate cash flow and an estimated 6.5% cap rate at a $1.28M purchase price, based on current income and operating expenses. The property consists of four spacious 2-bedroom, 1-bath units plus a separate standalone cottage, providing five individual rental units and a diversified income stream. All five units are currently rented, with established tenants, allowing a new owner to begin generating income from day one. The property is owner-managed and has been meticulously maintained inside and out, with attractive landscaping and excellent curb appeal. Tenants enjoy central air conditioning and impact windows, while the property also features an on-site surveillance system for added security. With tenants currently on month-to-month agreements, a new owner has added flexibility when developing a future rental and management strategy. The property also offers potential upside through future rent adjustments as market conditions allow. Ideally located just blocks from the Intracoastal Waterway and convenient to shopping, dining, employment, and entertainment. As an additional benefit, the main roof will be replaced prior to closing, helping reduce a significant near-term capital expense for the new owner. Whether you're expanding an existing portfolio or looking for a stabilized multifamily investment with immediate rental income, this is a rare opportunity to acquire a fully occupied, income-producing 5-unit property in a desirable Palm Beach County location.

The text above is the listing description from the MLS, as written by the listing agent.

The building

Lake ParkAs of October 21, 2026, Lake Park has 1 condo for sale, and 1 for rent. The median asking price is $511 per sq ft.See all units and prices in this building

The Lake Park market

As of October 21, 2026, the median asking price in Lake Park is $1,187,500, or $786 per sq ft, across 76 listings for sale. The median listing for sale there has been on the market for 62 days.

Price and status history

Listing date: Sep 25, 2026
Days on market: 26
Original list price: $1,280,000
Price changes: 0

Date	Event	Price
Sep 25, 2026	Listed	$1,280,000

From the MLS. RealVista does not show sold prices.

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