1412 Lake Avenue, West Palm Beach, FL 33401 — MLS photo

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1412 Lake Avenue, West Palm Beach, FL 33401

Active · SingleFamilyResidence

$1,750,000

1412 Lake Avenue, West Palm Beach, FL 33401

Beds
4
Baths
5
Living area
2,480 sq ft
$ / sq ft
$706/sq ft
Year built
1935
Lot size
8,300 sq ft
HOA fee
—
Annual tax
$5,929

About this property

Park View on Lake Avenue in Historic Grandview Heights. Signature property on oversized corner lot with resort style pool & mature tropical landscaping. This show stopping 4BR/4.5BTH retreat is steeped in history and reinvention. Originally built as a neighborhood drug store, then reinvented into a bodybuilding gym and now re-envisioned by the current owner into a tropical residential resort property. Entrance to property is on New York Street. Step through the gated entry into a private Oasis of water features and lush tropical landscaping creating the utmost of privacy. This single family retreat can also be utilized as 2 separate 2 bedroom residences with dramatic designer interiors, amazing living & dining rooms, full kitchens, separate laundry. Full impact windows & doors.

Property location

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1412 Lake Avenue, West Palm Beach, FL 33401

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Facts & features

Interior

Bedrooms
4
Bathrooms
5
Living area
2,480 sq ft
Flooring
Ceramic Tile, Hardwood, Wood
Appliances
Some Gas Appliances, Dryer, Dishwasher, Disposal, Gas Range, Ice Maker, Refrigerator, Washer
Cooling
Central Air, Electric, Zoned
Heating
Central, Zoned
Interior features
Dining Area, Separate Formal Dining Room, Eat In Kitchen, High Ceilings, Kitchen Island, Upper Level Primary, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1935
Stories
2
Lot size
8,300 sq ft
Architectural style
Spanish Mediterranean
Roof
Composition
Construction
CBSConcrete Block Structure, Block
Exterior features
Fence, Outdoor Shower, Patio
Pool
Concrete, Pool
View
Garden, Pool

Parking

Garage spaces
0
Covered spaces
0

HOA, Community & Financials

Amenities
Basketball Court, Barbecue, Picnic Area, Pool, Tennis Courts, Trails
Pets allowed
No
Annual tax
$5,929
Subdivision
GRANDVIEW HEIGHTS
County
Palm Beach
Days on market
323
MLS listing ID
R11137551
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,462

Cap rate
4.7%
Net yield
4.7%
Cash-on-cash return
-3.6%
Gross yield
6.4%
Mortgage payment
$8,296/mo
Down payment
$437,500
Loan amount
$1,312,500
Annual NOI
$82,013

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.