126 N Palmway 1-3, Lake Worth Beach, FL 33460 (MLS# R11142987)
$1,400,000
Lake Worth Beach, FL 33460
MLS# R11142987
5 beds | 4 baths | 2696 sqft
|
1 / 28
Property Description
Turnkey Triplex in Parrot Cove - Live Downstairs, Rent Upstairs for Income or Rent Units as Airbnb! Prime location in Lake Worth Beach's coveted Parrot Cove / Historic Lucerne District—just half a block to downtown, one block to the Intracoastal, and a 10-minute walk to the beach and pier. Fully renovated triplex featuring a 3BD/2BA first-floor residence with private backyard, quartz countertops, stainless/gas-griddle kitchen, impact windows/doors, newer roof, engineered flooring, central HVAC, covered patio, BBQ area, W/D, 1-car garage, carport + private parking. Two 1BD/1BA income units upstairs each offer private entrances, W/D, porcelain floors, stainless appliances and dedicated parking—ideal for long-term, seasonal, or Airbnb rentals.
Details
Documents
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: Yes
Listing Contract Date: 2025-11-23
Status: Active
Original List Price: 1400000
List Price: $1,400,000
Current Price: $1,400,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Lake Worth Beach
Postal Zip: 33460
Geographic Area: PB16
Multiple Offers Accepted: Yes
Special Assessment YN: No
Country: United States
Street Number: 126
Street Direction Prefix: N
Street Name: Palmway
Unit Number: 1-3
State Or Province: FL
Postal Code: 33460
Subdivision Name: LAKE WORTH TOWN OF
Area: 5600
Elementary School: North Grade K-8
Middle Or Junior School: Lake Worth
High School: Lake Worth
Parcel Number: 38434421150320070
Zoning: MF-20(
Directions: Take Lake Avenue east to N Palmway, go left and house is on the right.
General Property Information
Total Units In Building: 3
Living Area Main: 2200
Lot Size Dimensions: 50.0 ft x 135.0 ft
Attached Carport YN: Yes
Gated Community YN: No
Lot Size Area: 6750
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Furnished: Unfurnished
Stories Total: 2
Stories: 2
Pool Private YN: No
Spa YN: No
Year Roof Installed: 2020
Property Sub Type: Single Family Residence
Bedrooms Total: 5
Bathrooms Total: 4
Bathrooms Full: 4
Building Area Main: 2696
Building Area Source: Other
Year Built: 1950
Garage YN: 1
Attached Garage YN: 1
Garage Spaces: 1
Carport YN: 1
Carport Spaces: 1
Covered Spaces: 2
Lot Size Acres: 0.15
Direction Faces: West
Financial Information
Association Deposit YN: No
Membership Fee Required YN: No
Tax Annual Amount: 16967
Tax Year: 2025
Tax Legal Description: TOWN OF LAKE WORTH LT 7 BLK 32
Office/Member Information
DXORIGMLSID: RML
Amenities
None: 1
Dining Area
Breakfast Area: 1
Dining/Living Room: 1
Electric
Three Phase: 1
Entry Information
Entry Location: Entry Level Living Area Y
Flooring
Laminate: 1
Guest House Area Details
Building Area Guest House: 500
Guest House Features
1 Bath: 1
1 Bedrooms: 1
Kitchen: 1
Living Room: 1
Parking Features
Assigned: 1
On Street: 1
Attached Carport: 1
Attached Garage: 1
Garage: 1
Parking Information
Open Parking Spaces: 5
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Fencing
Fenced: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Special Information
Sold As-Is: 1
Utilities
Sewer Available: 1
Water Available: 1
View
Other: 1
Heating
Central Individual: 1
Electric: 1
Sprinkler Description
Auto Sprinkler: 1
Zoned Sprinkler: 1
Water Access
None: 1
Window Features
Storm Window(s): 1
Appliances
Dishwasher: 1
Dryer: 1
Gas Range: 1
Ice Maker: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Water Heater: 1
Construction Materials
CBS: 1
Concrete: 1
Stucco: 1
Laundry Features
Inside: 1
Levels
Multi/Split: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Composition: 1
Shingle: 1
Security Features
None: 1
Water Source
Public: 1
Water Heater Details
Electric Water Heater: 1
Architectural Style
Key West: 1
Other: 1
Capital Contributions
Capital Contributions YN: No
Cooling
Ceiling Fan(s): 1
Central Individual: 1
Electric: 1
Showing Requirements
Appointment Only: 1
Occupied: 1
Text Listing Agent: 1
See Remarks: 1
Main Level Rooms
Main Level Bathrooms: 2
Main Level Bedrooms: 3
Master Bedroom/Bath
Master Bdrm - Ground: 1
Pets Allowed YN
Yes: 1
Pets Allowed
No Restrictions: 1
Restrictions
No Restrictions: 1
Storm Protection
Impact Glass: Complete
Tax Information
City/County: 1
Occupant Details
Tenant Occupied: 1
Showing Details
Pet(s) on Premises: No
Outdoor Living Spaces
Patio: 1
Patio Details
Patio - Covered: 1
Room Types
Kitchen: 1
Kitchen Level: Main
Laundry: 1
Living Room: 1
Living Room Level: Main
Master Bedroom: 1
Master Bedroom Level: Main
Utility Room: 1
Price Calculations
Current Price To SqFt: 636.36
Acreage Description
Less Than 1/4 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2025-11-23T14:49:29Z
Major Change Type: New Listing
Status Change Date: 2025-11-23
Originating Details
Originating System Key: 20251123131500229956000000
Originating System ID: M00000170
Property Features
Dining Area: Breakfast Area; Dining/Living Room
Electric: Three Phase
Flooring: Laminate
Guest House Features: 1 Bath; 1 Bedrooms; Kitchen; Living Room
Parking Features: Assigned; On Street; Attached Carport; Attached Garage; Garage
Property Condition: Resale
Appliances: Dishwasher; Dryer; Gas Range; Ice Maker; Microwave; Refrigerator; Washer; Water Heater
Water Heater Details: Electric Water Heater
Architectural Style: Key West; Other
Construction Materials: CBS; Concrete; Stucco
Cooling: Ceiling Fan(s); Central Individual
Fencing: Fenced
Heating: Central Individual; Electric
Laundry Features: Inside
Levels: Multi/Split
Listing Terms: Cash; Conventional
Pets Allowed YN: Yes
Pets Allowed: No Restrictions
Possession: Close Of Escrow
Restrictions: No Restrictions
Roof: Composition; Shingle
Security Features: None
Sewer: Public Sewer
Special Information: Sold As-Is
Sprinkler Description: Auto Sprinkler; Zoned Sprinkler
Tax Information: City/County
Utilities: Sewer Available; Water Available
View: Other
Water Access: None
Water Source: Public
Window Features: Storm Window(s)
Showing Requirements: Appointment Only; Occupied; Text Listing Agent; See Remarks
Occupant Details: Tenant Occupied
Outdoor Living Spaces: Patio
Patio Details: Patio - Covered
Room Types: Kitchen; Laundry; Living Room; Master Bedroom; Utility Room
Acreage Description: Less Than 1/4 Acre Lot
Supplements
Walkable coastal lifestyle: boat and jet ski launch nearby, kayak/canoe/paddleboard launch within a few blocks, Bryant Park for dog owners, shops, cafés and waterfront dining minutes away. The Lake Worth Beach Golf Club (½ mile away) offers walkable access to an Intracoastal-front 18-hole course with clubhouse dining.
Major downtown revitalization includes the 1925 Gulfstream Hotel restoration, featuring 90 restored rooms + 50 new rooms, 85 apartments, rooftop restaurant, pool, spa/fitness center and a 273-space garage boosting long-term area values.
Adding to the excitement, Vanilla Ice's upcoming brewery, rooftop bar, speakeasy and pop-culture museum at 1000 Lake Ave is in development with an anticipated 2026 opening, enhancing the city's entertainment and tourism draw.
Additionally, WMODA (Wiener Museum of Decorative Arts) is planning a major mixed-use cultural complex in downtown Lake Worth Beach, including museum space, arts programming and new residential condos further strengthening long-term property values.
Turnkey residence + strong income potential just steps from everything Lake Worth Beach offers.
All information deemed reliable but not guaranteed.
Room Information
| Room Name | Length | Length | Width | Width | Level | Remarks |
| Living Room | 30.00 | 30.00 | 12.00 | 12.00 | Main | Approximate Size |
| Kitchen | 12.00 | 12.00 | 9.00 | 9.00 | Main | Approximate Size |
| Master Bedroom | 13.00 | 13.00 | 11.00 | 11.00 | Main | Approximate Size |
| Laundry | ||||||
| Utility Room |
Lake Worth Beach Investment 
Listing Office: William Raveis Real Estate
Last Updated: March - 04 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.