Address
2638 Lake Drive # 1, Singer Island, FL
Price
$ 4,250,000
Property Attributes
  • MLS#RX-10808887
  • TypeMulti-Family
  • CountyPALM BEACH
  • CitySinger Island
  • Area5240
  • NeighborhoodPalm Beach Shores
  • Zip33404
  • StyleQuad Plex
  • Year Built1972
  • Taxes$ 28043
  • Price$ 4,250,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms4
  • Sqr Footage7870
  • Lot Size11,495 SqFt
Data Source:
Beaches MLS
Property Description

Hidden Gem, 5-Star-Rated Turn-Key Vacation Rental known as Singer Island Escape. Rare 8-PLEX bldg with license to run short-term rental. Complete & fully permitted high-end remodel features new kitchens, baths, floors, hurricane impact windows & doors, HVAC, roof, plumbing, tankless HWH, electrical. Units 1 to 6: 2br/1.5ba. Unit 7: very large 1/1 convertible to 2/1. Unit 8: 2/1. Great outdoor space for entertaining on oversized lot! Vacation rental units include furnishings in sale! Lush serene landscaped getaway. Excellent operator with hundreds of 5-star reviews, easy to manage, high-end furniture/decor, serious operation, cash-cow! 2-story, 15-br's, 8-full-ba's, 6-half-ba's. Tremendous investment opportunity walking distance to the beach & everything downtown Singer Island has to offer.

Price History
6/16/2022 Listed $4,500,000
8/24/2022 6% - $4,250,000

General Features

Adult 55+ No Hopa
Area 5240
Auction No
Carport Spaces 0.00
Construction Block, CBS, Concrete
Cooling Central
Exterior Features Fence
Geo Area PB28
Geo Lat 26.784493
Geo Lon -80.038641
HOA None
Heating Electric
Legal Description PALM BEACH SHORES LT 520
Possession At Closing, Funding
Property Type B
REO No
Restrict None
Roof Comp Rolled
Short Sale No
Source Of Expenses Owner
Status Active
Stories 2.0
Subdivision PALM BEACH SHORES
Tax Year 2021
Taxes 28043.90
Tenant Pays Cable, Electric
Terms Considered Cash, Conventional
Type Quad Plex
Unit Number 1
Utilities Cable, Electric, Public Sewer, Public Water
View Garden
Virtual Tour https://www.propertypanorama.com/2638-Lake-Drive-1-Riviera-Beach-FL-33404/unbranded
Waterfront No
Waterfront None
Year Built 1972
Zoning OP

Interior Features

Flooring Tile
SqFt - Living 7870.00
Unit 1 Desc A/C Unit, Dishwasher, Electric Meter, Kitchen, Range - Electric, Refrigerator
Unit 2 Desc A/C Unit, Dishwasher, Electric Meter, Kitchen, Range - Electric, Refrigerator
Unit 3 Desc A/C Unit, Dishwasher, Electric Meter, Kitchen, Range - Electric, Refrigerator
Unit 4 Desc A/C Unit, Dishwasher, Electric Meter, Kitchen, Range - Electric, Refrigerator
Window Treatments Blinds, Hurricane Windows, Impact Glass

Exterior Features

Lot Description 1/4 to 1/2 Acre
Private Pool Y/N No
Subdiv Amenities Manager on Site
Unit 1 Parking Open Parking, Space Parking
Unit 2 Parking Open Parking, Space Parking
Unit 3 Parking Open Parking, Space Parking
Unit 4 Parking Open Parking, Space Parking

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 33404

Price
AVG $960K
$4.25M
Taxes
AVG $11,033
$28,043
Visits
AVG 31
101
Year Built
AVG 1989
1972
Walkscore
AVG 41
53
Data Provided by Walkscore ® not using MLS data