$1,395,000
SOLD JAN 31, 2023

3164 Melaleuca Dr West Palm Beach, FL 33406

Laguna Park Neighborhood
-- Bed
-- Bath
4,251 Sq Ft
0.86 Acres

Recently Sold

$328 Per Sq Ft

71 Days on Market

Highlights

  • Lake Front
  • 37,327 Sq Ft lot
  • Screened Porch
  • Concrete Pool
  • Wood Flooring
  • Balcony

About This Home

As of January 2023

Completely renovated in 2021 with no Associations or restrictions at a 6% CAP! All 4 units fully leased to average date of October 2023. The parcel is just under a full acre, consists of a single family pool home (3BD/3BTH) and a triplex (3 2BD/1BTH). All 4 units have new roofs, new impact windows & doors, new AC units, new kitchens & bathrooms, new life proof flooring, new appliances, individual washers & dryers, separate utilities, new pool pump & new sprinkler pump. All units freshly painted, equipped w/ high-end lighting, fans & Moen / Kohler hardware, new fenced-in private backyard. The complex's parking lot was recently redone with new asphalt, striping & car-stops. True turnkey property will not require any major repairs for many years. Do not disturb tenants.

Last Agent to Sell the Property

Michael Jones

Blue Water Real Estate Group License #3284861 Listed on: 11/20/2022

Co-Listed By

George Ryan

Blue Water Real Estate Group License #3301676

Last Buyer's Agent

Kevin Schevers

Realty Unlimited Inc License #559110

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,596

Year Built

  • Built in 1977

Lot Details

  • 0.86 Acre Lot
  • Lake Front
  • Fenced
  • Sprinkler System

Parking

  • 1 Car Garage

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 4,251 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Screened Porch
  • Impact Glass

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Pool

  • Concrete Pool
  • Room in yard for a pool
  • Pool Equipment or Cover

Outdoor Features

  • Balcony
  • Patio
  • Shed

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00434407030030081

Community Details

Overview

  • 4 Units
  • Laguna Park 2 Subdivision

Building Details

  • Operating Expense $27,896
  • Net Operating Income $83,104

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,596

Year Built

Built in 1977

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Directions: Southern Blvd..West to Congress Ave..South to Melaleuca Road..West to property located next to church.
  • Year Built: 1977
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Private Spa: No
  • Flooring: Carpet, Ceramic Tile, Vinyl, Wood
  • Living Area: 4251.0
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Balcony, Enclosed Porch, Fence, Patio, Room For Pool, Shed
  • Lot Features: Sprinklers Automatic
  • Pool Features: Concrete, Pool Equipment, Pool
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Other Structures: Shed(s)
  • Patio And Porch Features: Balcony, Patio, Porch, Screened
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central, Other
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, 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 #: 00434407030030081
  • Lot Size Sq Ft: 37327.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 83104.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 27896.0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 13596.0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2023 10/26/23 Rented $2,150 -2.3% --
10/23/2023 10/23/23 Under Contract -- -- --
10/12/2023 10/12/23 Price Changed $2,200 -6.4% $3 / Sq Ft
10/03/2023 10/03/23 For Rent $2,350 0.0% --
01/31/2023 01/31/23 Sold $1,395,000 0.0% $328 / Sq Ft
11/20/2022 11/20/22 For Sale $1,395,000 0.0% $328 / Sq Ft
10/05/2022 10/05/22 Rented $2,000 -7.0% --
10/05/2022 10/05/22 Under Contract -- -- --
06/05/2022 06/05/22 For Rent $2,150 +22.9% --
07/12/2021 07/12/21 For Rent $1,750 0.0% --
07/12/2021 07/12/21 Rented $1,750 0.0% --
09/14/2019 09/14/19 Sold $325,000 -90.0% $121 / Sq Ft
08/15/2019 08/15/19 Pending -- -- --
10/04/2018 10/04/18 For Sale $3,250,000 -- $1,205 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kevin Schevers

    Seller's Agent in 2023

    Kevin Schevers

    Realty Unlimited Inc

    (772) 370-8200

    1 in this area

    9 Total Sales

    Kevin Schevers
    Section Image
  • Michael Jones

    Seller's Agent in 2023

    Michael Jones

    Blue Water Real Estate Group

    (561) 541-7171

    1 in this area

    50 Total Sales

    Michael Jones
    Section Image
  • George Ryan

    Seller Co-Listing Agent in 2023

    George Ryan

    Blue Water Real Estate Group

    (561) 296-5315

    1 in this area

    42 Total Sales

    George Ryan
    Section Image

  • E

    Buyer's Agent in 2022

    Efrain Soto

    Maison & Homes, Co

    (917) 771-4843

    1 Total Sale

    Efrain Soto
    Section Image

  • D

    Buyer's Agent in 2021

    Darla Coon

    Platinum Living Realty

    (561) 225-7709

    8 Total Sales

    Darla Coon
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10847197

BeachesMLS
Florida Palm Beach County West Palm Beach 33406 Laguna Park

3164 Melaleuca Dr, West Palm Beach, FL

This home is located at 3164 Melaleuca Dr, West Palm Beach, FL 33406 and is currently priced at $1,395,000, approximately $328 per square foot. This property was built in 1977. 3164 Melaleuca Dr is a home located in Palm Beach County with nearby schools including Berkshire Elementary School, Palm Springs Middle School, and Forest Hill 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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