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126 Palmway 1-3
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PRICED AT ONLY: $1,400,000

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

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 garage boosting 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 condos further 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.

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  • MLS#: R11142951 ( Residential Income )
  • Street Address: 126 Palmway 1-3
  • Viewed: 75
  • Price: $1,400,000
  • Price sqft: $519
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 2696
  • Total Baths: 4
  • Days On Market: 72

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 garage boosting 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 condos further 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.
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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
  • Electric: Three Phase
  • 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: 75
  • Zoning Code: MF-20
Nearby Subdivisions
Blackwell Park Rev Pl   College Park   College Park Add 1   College Park Add 2   College Park Add 2 In   College Park Add 5 In   College Park Add 7   Crestridge Heights   Crestwood   East Lake Clarke   Harbor Est   Hillcrest At L W   Karina Apts Condo   Lake Clarke Terr   Lake Cove/lk Worth   Lake Worth Beach   Lake Worth Heights   Lake Worth Place   Lake Worth Town   Lake Worth Town Add 01   Lake Worth Town Beach   Lake Worth Town Of   Lake Worth Town Of Add   Lake Worth Town Of Add 1   Lake Worth Town Of Lake Worth:   Lake Worth Ytown Of   Lakeview Heights Add 1   Lakeview Heights Add 3   North Lake Worth   North Lake Worth Beach/ Colleg   North Lake Worth In Pb 5 Pgs 4   One Twenty Five Palmway Condo   Osborne Add Amnd   Palm Beach Farms Co #2 Lu   Parkview Hgts In   Parrot Cove   Parrot Cove - Lake Worth Beach   S/d Of 21-44-43, W 1/2 In   Schroeders   Sidewalk,none   South Palm Park   South Palm Park In   Suni Apts Condo   Town Of Lake Worth   Town Of Lake Worth Beach   Town Of Lake Worth Lts 28 & 29   Town Of Lake Worth: Royal Poin   Town Of Lake Worth: Tropical R   Trumam   Victoria House Condo   Waterview   Whispering Palms 3   Whispering Palms 5   Worthmore Park  
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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 b

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