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Caviar Global Properties - Pompano Beach & Boca Raton Real Estate | Buy or Sell

Active
2638 Lake Drive Unit 1 Singer Island, FL 33404
$4,500,000
7,870 sq ft

Courtesy of Regency Realty Services.

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Carola Lueder

Carola Lueder

Founder – Executive Director

LIC#BK3187419

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.

Property Details & Features

Property Type

  • Multifamily (5+ Units)

Year Built

  • 1972

Listing

  • Source: Palm Beach
  • List price: $4,500,000
  • MLS ID: 20121115220811115022000000
  • Listing ID: RX-10808885
  • Listing date: 2022-06-16
  • Status: Active
  • For lease?: No
  • $572 per square foot
  • Month to Month

Bathrooms

  • 14 total bathrooms
  • 1 full bathroom, unit 1
  • 1 half bathroom, unit 1
  • 1 full bathroom, unit 2
  • 1 half bathroom, unit 2
  • 1 full bathroom, unit 3
  • 1 half bathroom, unit 3
  • 1 full bathroom, unit 4
  • 1 half bathroom, unit 4
  • 1 full bathroom, unit 5
  • 1 half bathroom, unit 5
  • 1 full bathroom, unit 6
  • 1 half bathroom, unit 6
  • 1 full bathroom, unit 7
  • 1 full bathroom, unit 8

House

  • 7,870 total building square feet
  • Built in 1972
  • 2 stories
  • 8 units in build
  • Year built description: Resale
  • Square footage source: SimpleTemplate
  • 8 tenants
  • Block
  • CBS
  • Concrete
  • Smoke Detector
  • Free Standing
  • Income
  • Resident. Multi-Fam.
  • Furnished
  • Furnished
  • Furnished

Cooling

  • Central
  • Central Individual

Floors

  • Tile

Heating

  • Central
  • Central Individual

Location

  • County: Palm Beach
  • Subdivision: PALM BEACH SHORES
  • Beach Area
  • Central Business Dst

Lot

  • 0 acres

Miscellaneous

  • Unit 1 description: 2 Bedroom
  • Unit 2 description: 2 Bedroom
  • Unit 3 description: 2 Bedroom
  • Unit 4 description: 2 Bedroom
  • Unit 5 description: 2 Bedroom
  • Unit 6 description: 2 Bedroom
  • Unit 7 description: 1 Bedroom
  • Unit 8 description: 2 Bedroom
  • Manager on Premises
  • Cable
  • Electric
  • Cash
  • Conventional

Property

  • Property type: E
  • Zoning: OP

Roof

  • Comp Rolled

Taxes

  • Real estate taxes: $28,044
  • Year: 2021

Utilities

  • Electric
  • Public Water

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