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Bean Group
Offered at $499,900Active
beds
—
baths
0
sq ft
1,696
Built
1920

225 N M Street #1

Lake Worth Beach, FL 33460

About this home

An exciting investment opportunity in the heart of Lake Worth Beach! Ideally positioned less than two blocks from vibrant downtown and less than a mile from the beach and golf course, this charming Spanish Revival property offers exceptional appeal for investors, rental property buyers, and those exploring multifamily possibilities. Located in the desirable Mango Groves neighborhood, this 3-bedroom, 2-bathroom home combines historic character, a prime location, and a versatile layout with plenty of potential. The thoughtfully designed split floor plan provides flexibility for different living arrangements, while ceramic tile flooring and a spacious kitchen with abundant cabinetry offer practical features for everyday living. With several important improvements already completed, this property presents an attractive opportunity for buyers looking to expand their real estate portfolio. Updates include a 2020 roof, 2020 tankless water heater, updated electrical components, and newer A/C ductwork. Whether you're considering a long-term rental investment, an owner-occupied income property, or exploring potential multifamily configurations, this property offers a variety of possibilities to consider, subject to applicable zoning and city approvals. Its distinctive Spanish Revival architecture and established neighborhood setting add to its appeal, creating an opportunity to invest in a property with both character and potential. Location is one of this property's greatest advantages! Situated along charming M Street, surrounded by mature trees and historic homes, residents can enjoy easy access to downtown Lake Worth Beach's restaurants, boutiques, art galleries, entertainment, and year-round community events. Beautiful beaches, Bryant Park, the Snook Islands, and nearby golf courses are all within convenient reach. With Palm Beach Island, Palm Beach International Airport, Brightline, Tri-Rail, and I-95 nearby, the location offers excellent connectivity throughout South Florida. Combining a sought-after coastal setting, convenient access to local attractions, and flexible investment possibilities, this property is an opportunity investors won't want to overlook. Bring your vision and explore the potential of this Lake Worth Beach investment!

Listing last checked: Listing updated:

Listed by Jeffrey L Tricoli PA, Hilda Tricoli · KW Reserve Palm Beach · MLS #B26076478

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Details at a glance

Interior3 property facts
Heating
Central, Electric
Cooling
Central Air, Ceiling Fan(s), Wall/Window Unit(s)
Flooring
Ceramic Tile, Laminate, Tile
Building4 property facts
Style
Duplex
Year built
1920
Parking
8
Roof
Composition, Shingle
Land & utilities4 property facts
Lot size
0.08 acres
Water
Public
Sewer
Public Sewer
Zoning
MF-30 (city)
Financial3 property facts
Annual taxes
$8,471
Assessment year
2025
HOA fee
$0 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $499,900 asking price. Adjust the assumptions to your situation.

Known monthly costs$3,234 / monthAdjust
Principal & interest
$2,528
Property tax
$706
Insurance
Not entered
HOA
$0

Listing annual taxes: $8,471. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.

Partial estimate: add insurance to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

Price and status timeline

  1. Sld

    $439,900 · Sold $413,000 · Aug 4, 2022

  2. Sld

    $265,000 · Sold $260,000 · Aug 3, 2018

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About 225 N M Street #1

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Request a tour of 225 N M Street #1 and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

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