$795,000

2807 Reo Ln Unit 1 Palm Springs, FL 33461

Palm Springs Village Neighborhood

Estimated payment $4,908/month

Total Views 131
-- Bed
-- Bath
2,484 Sq Ft
$320 Price per Sq Ft

Highlights

  • Water Views
  • Central Air
  • 4-minute walk to Foxtail Palm Park
  • Tile Flooring
  • Heating Available

About This Home

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.

Listing Agent

Don Cho

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

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,321

Year Built

  • Built in 1976

Lot Details

  • 0.33 Acre Lot

Home Design

  • Triplex
  • Tar and Gravel Roof

Interior Spaces

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

Utilities

  • Central Air
  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 70434418000007180

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

$8,321

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 I 95, exit to Forest Hill west and turn to Kirk Road south and turn to Park Road 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: None
  • View: Water
  • Pool Features: None
  • Pool Private: No
  • View: Yes
  • Waterfront: No
  • Property Condition: Resale
  • Roof: Tar/Gravel

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • 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

Lot Info

  • Parcel #: 70434418000007180
  • Lot Size: 1/4 to 1/2 Acre
  • Lot Size Sq Ft: 14469.0
  • 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: 8321.0

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 $8,321 $335,590 -- --
2023 $7,800 $305,082 $0 $0
2022 $7,181 $277,347 $0 $0
2021 $5,955 $252,134 $115,293 $136,841
2020 $6,151 $261,877 $93,600 $168,277
2019 $5,703 $234,806 $73,440 $161,366
2018 $5,329 $224,180 $73,406 $150,774
2017 $5,006 $203,753 $50,625 $153,128
2016 $5,167 $203,753 $0 $0
2015 $4,570 $176,019 $0 $0
2014 $3,535 $116,303 $0 $0
Source: Public Records

Property History

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

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 $300,000 Corporate Title Inc
Warranty Deed $300,000 Corporate Title Inc
Warranty Deed $110,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $240,000 Fannie Mae Freddie Mac
Previous Owner $240,000 Fannie Mae Freddie Mac
Previous Owner $70,000 New Conventional
Source: Public Records

Source: BeachesMLS

MLS Number: R11129715

BeachesMLS

APN: 70-43-44-18-00-000-7180

Florida Palm Beach County Palm Springs 33461 Palm Springs Village

2807 Reo Ln Unit 1, Palm Springs, FL

This home is located at 2807 Reo Ln Unit 1, Palm Springs, FL 33461 and is currently priced at $795,000, approximately $320 per square foot. This property was built in 1976. 2807 Reo Ln Unit 1 is a home located in Palm Beach County with nearby schools including Clifford O Taylor/Kirklane Elementary School, John I. Leonard High School, and Palm Springs Middle 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
Don Cho
Section Image
Property Expo Center Inc.
(561) 200-6173