305 Cypress Drive E # 5, Lake Park FL 33403, LAKE PARK, FL, 33403
Active330 days on marketListed Sep 23, 2025MLS #R11126199
About this home
305 Cypress Drive E # 5, Lake Park FL 33403
Discover this exceptional 5-unit apartment property, a rare opportunity that combines convenience, comfort, and strong investment potential. Four units feature spacious 2-bedroom, 1-bathroom layouts, while the fifth is a charming standalone cottage, offering privacy and versatility for unique rental opportunities. The property has been meticulously maintained inside and out, with beautifully landscaped grounds that enhance its curb appeal. All tenants are currently on month-to-month annual leases, providing flexibility and convenience for the new owner. Each unit is separately metered for both electric and water, maximizing efficiency and reducing overhead. Residents enjoy central air conditioning, impact windows for added comfort and security, as well as the convenience of an on-site laundry facility. The property also comes equipped with a full surveillance system for enhanced safety. Ideally located just blocks from the scenic Intracoastal Waterway, the property offers easy access to shopping, dining, and entertainment. The main roof will be replaced prior to closing, ensuring peace of mind and long-term value. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly desirable location.
Facts & features
The home at a glance
2,903
Sqft
0.29 ac
Lot size
1928
Year built
2
Levels
$465
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$9,365 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$9,365/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs KELSEY CITY
$465 vs $354
Days on market
330 vs 72 typical
Where $465/sqft sits among the 9 homes for sale in KELSEY CITY
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Kelsey City
Get to know Lake Park. See the full Lake Park guide →
Kelsey City — neighborhood snapshot
Population
6,439
Median age
40
Median income
$78,966
Median home value
$265,293
Avg household
3
Households w/ children
711
For the school run
Palm Beach County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lake Park market
$470K → $455K
Lake Park median sold, yr/yr
94.2%
Sale-to-list ratio (12 mo)
0 of 9
KELSEY CITY have cut their price
This home is listed 350% above the LAKE PARK 33403 median. See the full Lake Park market guide →
Paper trail
This home's history
Reality check
What actually sold near 305 Cypress Drive E # 5
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jan ’26$812,000
250 Foresteria Drive, Lake Park FL 33403 · same community
6 bd · 5 ba · 3,120 sqft · $260/sqft · 4 DOM
Sold · Dec ’25$565,000
237 E Ilex Dr, West Palm Beach FL 33403 · same community
4 bd · 2 ba · 2,123 sqft · $266/sqft · 100 DOM
Sold · Mar ’26$635,000
830 6th Street, Lake Park FL 33403 · same community
3 bd · 2 ba · 2,082 sqft · $305/sqft · 2 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Moe Thouk Oo
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 305 Cypress Drive E # 5 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 305 Cypress Drive E # 5 — before you fall in love.
See it in person
Schedule a tour
Live availability from Moe's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
305 Cypress Drive E # 5 FAQs
What would the monthly payment be for 305 Cypress Drive E # 5, Lake Park FL 33403?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $9,365/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 305 Cypress Drive E # 5, Lake Park FL 33403?+
The most recent tax bill on record (2025) was $16,966. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Lake Park?+
At $1,350,000, this home is listed about 2% below the Lake Park median of $1,382,450. The market section on this page shows how the area is trending.
Which schools are assigned to 305 Cypress Drive E # 5, Lake Park FL 33403?+
Lake Park Elementary School (elementary), Howell L. Watkins Middle School (middle), Palm Beach Gardens High School (high), Glades Construction Academy At West Technical (high) — Palm Beach County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$1,350,000 runs 350% above the LAKE PARK 33403 median — but at 2,903 sqft it's also nearly twice the size of the typical Lake Park listing.
02Time on market is leverage
330 days on market against a Lake Park median of 72 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $1,750,000, now $1,350,000 — a $400K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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