126 Palmway 1-3, Lake Worth Beach, FL 33460

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  • MLS#: R11142951 ( Residential Income )
  • Street Address: 126 Palmway 1-3
  • Viewed: 10
  • Price: $1,400,000
  • Price sqft: $519
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 2696
  • Total Baths: 4
  • Additional Information
  • Geolocation: 27 / -80
  • County: PALM BEACH
  • City: Lake Worth Beach
  • Zipcode: 33460
  • Subdivision: Lake Worth Town Of
  • Provided by: William Raveis Real Estate
  • DMCA Notice
  • Description
    Turnkey Triplex in Parrot Cove Live Downstairs, Rent Upstairs for Income or Rent Units as Airbnb! Prime location in Lake Worth Beach's coveted Parrot Cove / Historic Lucerne Districtjust half a block to downtown, one block to the Intracoastal, and a 10 minute walk to the beach and pier. Fully renovated triplex featuring a 3BD/2BA first floor residence with private backyard, quartz countertops, stainless/gas griddle kitchen, impact windows/doors, newer roof, engineered flooring, central HVAC, covered patio, BBQ area, W/D, 1 car garage, carport + private parking. Two 1BD/1BA income units upstairs each offer private entrances, W/D, porcelain floors, stainless appliances and dedicated parkingideal for long term, seasonal, or Airbnb rentals. Walkable coastal lifestyle: boat and jet ski launch nearby, kayak/canoe/paddleboard launch within a few blocks, Bryant Park for dog owners, shops, cafs and waterfront dining minutes away. The Lake Worth Beach Golf Club ( mile away) offers walkable access to an Intracoastal front 18 hole course with clubhouse dining. Major downtown revitalization includes the 1925 Gulfstream Hotel restoration, featuring 90 restored rooms + 50 new rooms, 85 apartments, rooftop restaurant, pool, spa/fitness center and a 273 space garageboosting long term area values. Adding to the excitement, Vanilla Ice's upcoming brewery, rooftop bar, speakeasy and pop culture museum at 1000 Lake Ave is in development with an anticipated 2026 opening, enhancing the city's entertainment and tourism draw. Additionally, WMODA (Wiener Museum of Decorative Arts) is planning a major mixed use cultural complex in downtown Lake Worth Beach, including museum space, arts programming and new residential condosfurther strengthening long term property values. Turnkey residence + strong income potential just steps from everything Lake Worth Beach offers. All information deemed reliable but not guaranteed.
Features
Building and Construction
  • Exterior Features: None
  • Flooring: Ceramic Tile, Vinyl
  • Roof: Other
Land Information
  • Lot Features: Room for Pool
Utilities
  • Cooling: Central Individual, Electric
  • Heating: Central Individual
  • Utilities: Natural Gas Available
Amenities
  • Association Amenities: None
Finance and Tax Information
  • Tax Year: 2025
Rental Information
  • Tenant Pays: Cable TV, Electricity, Gas, Water
Other Features
  • Legal Description: TOWN OF LAKE WORTH LT 7 BLK 32
  • Parcel Number: 38434421150320070
  • Unit Number: 1-3
  • Views: 10
  • Zoning Code: MF-20
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