$730,000
SOLD NOV 25, 2025

2785 Reo Ln Unit 1 Palm Springs, FL 33461

-- Bed
-- Bath
2,484 Sq Ft
0.33 Acres

Recently Sold

$294 Per Sq Ft

8% Below List Price

51 Days on Market

Highlights

  • Water Views
  • Tile Flooring
  • Heating Available
  • Cooling Available
  • Fenced
  • 4-minute walk to Foxtail Palm Park

About This Home

As of November 2025

Great opportunity for income investment. Each unit has 2 bedrooms and 1 bathroom and 2 parking spaces. This triplex has no HOA and no HOA restriction for easy management and maintenance. Location is very comfortable area and neighborhood is very friendly and quiet. All tenants are long term and nice residents.This property will be sold with 'as is' condition.

Last Agent to Sell the Property

Don Cho

Property Expo Center Inc. License #3084279 Listed on: 10/05/2025

Last Buyer's Agent

Patricio San Lucas

Home Partnership Group, LLC License #3405591

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,322

Year Built

  • Built in 1976

Lot Details

  • 0.33 Acre Lot
  • Fenced

Home Design

  • Triplex
  • Tar and Gravel Roof

Interior Spaces

  • 2,484 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Water Views

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 70434418000007840

Community Details

Overview

  • 3 Units
  • Palm Spring Subdivision

Building Details

  • Operating Expense $20,000
  • Net Operating Income $39,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,322

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: From I95, exit to Forest Hill Blvd west and turn to Kirk Road south and turn to Park Rd east and turn to Reo Lane south.
  • Year Built: 1976
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2484.0

Exterior Features

  • Exterior Features: Fence
  • View: Water
  • Pool Features: None
  • Pool Private: No
  • View: Yes
  • Waterfront: No
  • Property Condition: Resale
  • Roof: Tar/Gravel

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 70434418000007840
  • Lot Size: 1/4 to 1/2 Acre
  • Lot Size Sq Ft: 14465.0
  • Zoning Description: RM(cit

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 39000.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 20000.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8322.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 24, 2015
Sold by
Parker Projects Inc
Bought by
Kim Thomas W

Purchase Details

Closed on
Jul 24, 2014
Sold by
Kim Thomas I W and Kim Janet B
Bought by
Parker Projects Inc

Purchase Details

Closed on
Jul 23, 2014
Sold by
Kim Thomas and Kim Janet B
Bought by
Parker Projects Inc

Purchase Details

Closed on
Aug 5, 1996
Sold by
Keith A Dennis
Bought by
Hoyos Amelia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $110,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2025 11/25/25 Sold $730,000 -8.2% $294 / Sq Ft
10/05/2025 10/05/25 For Sale $795,000 -- $320 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

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 $8,322 $335,634 -- --
2023 $7,801 $305,122 $0 $0
2022 $7,182 $277,384 $0 $0
2021 $5,956 $252,167 $115,288 $136,879
2020 $6,152 $261,915 $93,600 $168,315
2019 $5,704 $234,844 $73,440 $161,404
2018 $5,330 $224,218 $73,406 $150,812
2017 $5,006 $203,791 $50,625 $153,166
2016 $5,168 $203,791 $0 $0
2015 $4,571 $176,057 $0 $0
2014 $3,536 $116,349 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2025

    Don Cho

    Property Expo Center Inc.

    (561) 213-8228

    2 in this area

    18 Total Sales

    Don Cho
    Section Image

  • P

    Buyer's Agent in 2025

    Patricio San Lucas

    Home Partnership Group, LLC

    (772) 413-0596

    3 in this area

    83 Total Sales

    Patricio San Lucas
    Section Image
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Map

Source: BeachesMLS

MLS Number: R11129699

BeachesMLS

APN: 70-43-44-18-00-000-7840

Florida Palm Beach County Palm Springs 33461

2785 Reo Ln Unit 1, Palm Springs, FL

Sold

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