$850,000
$40K PRICE DROP

125 Castlewood Dr Unit 1 North Palm Beach, FL 33408

Estimated payment $6,040/month

Total Views 137
-- Bed
-- Bath
3,330 Sq Ft
$255 Price per Sq Ft

Highlights

  • Hot Property
  • Patio
  • Central Heating and Cooling System
  • Deck
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

RARE INVESTMENT OPPORTUNITY! North Palm Beach Triplex near Intracoastal. Don't miss this exceptional chance to own a fully leased 3-unit residential income property in the heart of highly desirable North Palm Beach Intracoastal neighborhood--just a short walk to Publix, waterfront parks, restaurants, and more!Each unit offers 2 bedrooms/2 full baths; Walk-in closets in primary bedrooms; dedicated laundry rooms with washer/dryer; Accordion hurricane shutters throughout; private fenced yards; separate electric & water meters & more! One of the units has been renovated to include quartz countertops; stainless steel appliances; newer AC; marble in primary bathroom & porcelain plank wood flooring. Great investment with upside potential! Please DO NOT disturb tenants.

Listing Agent

Seth Honowitz

Leibowitz Realty Group, LLC./PBG License #0694872 Listed on: 07/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,983

Year Built

  • Built in 1978

Lot Details

  • 0.25 Acre Lot
  • Fenced
  • Sprinkler System

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,330 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Ceramic Tile Flooring

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 68434216010002000
  • Seller Considering Concessions

Community Details

Overview

  • 3 Units
  • Palm Beach Lake Worth Est Subdivision

Building Details

  • Operating Expense $25,340
  • Net Operating Income $47,170

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,983

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: Take Northlake Blvd. East to Castlewood. turn right (South) to property on right.
  • Year Built: 1978
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile, Tile
  • Living Area: 3330.0

Exterior Features

  • Exterior Features: Deck, Fence, Patio
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Patio And Porch Features: Deck, Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 68434216010002000
  • Lot Size: < 1/4 Acre,East of US-1,
  • Lot Size Sq Ft: 10945.0
  • Zoning Description: R3(cit

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 47170.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 25340.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 15983.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $15,983 $790,918 -- --
2023 $15,473 $757,786 $0 $0
2022 $14,056 $688,896 $0 $0
2021 $10,006 $526,369 $194,700 $331,669
2020 $8,746 $402,956 $165,000 $237,956
2019 $8,780 $406,631 $165,000 $241,631
2018 $7,947 $391,221 $164,839 $226,382
2017 $7,419 $373,777 $156,990 $216,787
2016 $7,123 $298,084 $0 $0
2015 $6,217 $270,985 $0 $0
2014 $5,767 $246,521 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 For Sale $890,000 -- $267 / Sq Ft
Source: BeachesMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $760,000 Trident Title
Warranty Deed $318,500 --
Warranty Deed $168,000 --
Warranty Deed $155,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $168,500 Purchase Money Mortgage
Previous Owner $135,000 Unknown
Previous Owner $126,000 New Conventional
Previous Owner $105,000 No Value Available
Source: Public Records

Source: BeachesMLS

MLS Number: R11108849

BeachesMLS

APN: 68-43-42-16-01-000-2000

Florida Palm Beach County North Palm Beach 33408

125 Castlewood Dr Unit 1, North Palm Beach, FL

This home is located at 125 Castlewood Dr Unit 1, North Palm Beach, FL 33408 and is currently priced at $850,000, approximately $255 per square foot. This property was built in 1978. 125 Castlewood Dr Unit 1 is a home located in Palm Beach County with nearby schools including Lake Park Elementary School, Howell L. Watkins Middle School, and Palm Beach Gardens Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Listing Agent
Seth Honowitz
Section Image
Leibowitz Realty Group, LLC./PBG
(561) 556-3207