$504,900
UNDER CONTRACT $25K PRICE DROP

727 S M St Lake Worth, FL 33460

Pineapple Beach Neighborhood

Estimated payment $3,494/month

Total Views 9,221
-- Bed
-- Bath
1,079 Sq Ft
$468 Price per Sq Ft

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Dogs and Cats Allowed
  • No HOA
  • Ceiling Fan
  • Fenced

About This Home

Discover a versatile income producing investment in the heart of Lake Worth Beach! This fully fenced duplex offers both charm and functionality, featuring a 1-bedroom/1-bath cottage rented for $1,600 per month and a 3-bedroom/1-bath home rented for $2,450 on one lot. Both units are equipped with new AC systems, newer roofs, and in-unit washer and dryer for modern comfort. Located just minutes from the beach and vibrant downtown, this property is ideal for seasoned investors seeking strong rental income or for new investors who want to live in one unit while generating income from the other. With its prime location and move-in-ready features, this duplex is a rare find in today's market.

Listing Agent

Alexander Schmitt

American Investment Solutions License #3451809 Listed on: 04/15/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,020

Year Built

  • Built in 1950

Lot Details

  • 6,750 Sq Ft Lot
  • Fenced
  • Sprinkler System

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,079 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Flooring

  • Wood
  • Tile

Schools

  • South Grade Elementary School
  • Lake Worth Middle School
  • Lake Worth High School

Utilities

  • Central Heating and Cooling System
  • Wall Furnace
  • Three-Phase Power
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 38434421152150150

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Lake Worth Town Of Subdivision

Pet Policy

  • Dogs and Cats Allowed

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gross Income $51,000
  • Net Operating Income $47,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,020

Year Built

Built in 1950

Lot Details

6,750 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: 6th avenue East to Dixie Hwy and head south to 8th ave N. Turn left onto S M St. Property located on left hand side.
  • Year Built: 1950
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • DelayedMarketingYN: No
  • Special Features: 4224
  • Stories: 1

Interior Features

  • Flooring: Tile, Wood
  • Living Area: 1079.0
  • Stories: 1

Exterior Features

  • Exterior Features: None
  • Fencing: Fenced
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Frame, Concrete
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central, Wall Furnace
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Senior Community: No
  • Association: No
  • Pets Allowed: Cats OK, Dogs OK, Yes

Schools

  • Elementary School: South Grade
  • High School: Lake Worth
  • Middle Or Junior School: Lake Worth

Lot Info

  • Parcel #: 38434421152150150
  • Lot Size Acres: 0.15
  • Lot Size: 50.0 ft x 135.0 ft
  • Mobile Dim Units: Feet
  • Zoning: SF-R (city)

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Sewer, Water

Multi Family

  • Property Net Operating Income: 47000.0
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 51000.0
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 10020.21

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
2025 $7,595 $408,433 -- --
2024 $7,595 $333,371 -- --
2023 $7,307 $323,661 $141,750 $181,911
2022 $5,963 $200,088 $0 $0
2021 $5,303 $188,510 $46,500 $142,010
2020 $4,889 $165,362 $39,000 $126,362
2019 $3,939 $171,548 $39,000 $132,548
2018 $3,569 $154,385 $31,939 $122,446
2017 $3,290 $131,096 $29,036 $102,060
2016 $3,163 $78,565 $0 $0
2015 $2,859 $71,423 $0 $0
2014 $2,648 $64,930 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2026 04/22/26 Price Changed $504,900 -4.7% $468 / Sq Ft
04/15/2026 04/15/26 For Sale $530,000 -- $491 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $465,000 First International Title
Warranty Deed -- Attorney
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- None Available
Warranty Deed $225,000 Flagler Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $431,501 FHA
Source: Public Records

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: B26015914

BeachesMLS (Greater Fort Lauderdale)

APN: 38-43-44-21-15-215-0150

Florida Palm Beach County Lake Worth 33460 Pineapple Beach

727 S M St, Lake Worth, FL

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 (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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