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Back 1/461 Silver Beach Rd
Off Market

1/461 Silver Beach Rd

Riviera Beach FL 33404

4
3876 sq. ft.
7840.8 sq. ft.
Duplex
Last sold for $415,000
Michael JohnstonMichael Johnston, last sold this property on 23 February 2026 after 14 days on market.

Overview

**NEW ROOF's Aug 2025****New Water Heaters**This investment opportunity features two side-by-side duplexes in the rapidly growing Riviera Beach area. 2 Duplexes being sold together. 461 silver beach Parcel # 56434228350410020 MLS#: RX-11068125 & 451 silver beach parcel # 56434228350410030 MLS#: RX-11068096. A total of four income-producing units with existing tenants and significant upside potential through rental increases.** Two Adjacent Duplexes being sold together. (Four Units Total) ($225,000 per door) Each unit features two bedrooms and one bathroom with washer/Dryer Hookups -Each unit is separately metered electric. High Rental Demand area with strong appreciation potential. *(market rents $2,000 per unit)* Current Lease Details below: **Unit 1: 2 bed 1 bath -lease expires 5/26-$1,800 per Month **Unit 2: 2 bed 1 bath -lease expires 1/26 - $1,700 per month **Unit 3: 2 bed 1 bath -lease expires 9/26 - $1,700 per month **Unit 4: 2 bed 1 bath - lease expires 2/26 -$1,800 per month. Below-Market Rents: Current leases provide opportunity to increase rents to market rates upon renewal Projected Gross Rental Income: If all units are rented at market rates, estimated gross income could reach $7,600 to $8,000 per month Separate Meters: Tenants pay their own utilities, reducing landlord expenses Long-Term Leases: Leases secured through 2025 and 2026, ensuring stable cash flow High Occupancy and Demand: Riviera Beach remains a competitive rental market with increasing property values Why Invest in Riviera Beach? Riviera Beach is experiencing major redevelopment, making it a prime location for real estate investment. Local improvements include: Riviera Beach Marina Redevelopment, a multimillion-dollar waterfront revitalization increasing property values Expansion of luxury residential and mixed-use developments, strengthening rental demand New infrastructure projects, including road expansions and commercial growth Close proximity to Singer Island, Palm Beach Gardens, and Downtown West Palm Beach Ideal for Investors Looking For: Turnkey Cash Flow Opportunity: Fully leased units with immediate potential for rental increases Strong Market Appreciation: Rapidly growing area with long-term value potential 1031 Exchange Investment: Excellent opportunity for reinvestment and tax benefits

Features

4 bathrooms
3876 sq. ft. floor area
7840.8 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar duplexes sold in Riviera Beach over the last 12 months, the estimated median property value of 1/461 Silver Beach Rd is $448k.

Median value
$448k
Estimated value range
$242k - $1.36m
Median days on market
21
Estimated value trend
-4%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Riviera Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1/461 Silver Beach Rd

2026
Sold
$415,000
23 Feb 2026 by Michael Johnston, of Keyes
2024
Rented
Undisclosed
13 Jan 2024 by Keyes
2016
Sold
$105,000
02 May 2016

Happy sellers in Riviera Beach

52%
52% of sellers in Riviera Beach reported that their sale price either exceeded or met their price expectations.

Riviera Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 15 reviews in Riviera Beach over the last 12 months.

Local market activity for duplexes in Riviera Beach

In the last 12 months, 13 duplexes similar to 1/461 Silver Beach Rd, have been sold.

This represents a 16% decrease in duplexes sales when compared to the previous 12 months.

Nearby agents

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Michelle Rinaldi Selling Singer Island

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Ann Cusa

Sellers who recommend Ann Cusa have praised them for being local expert, clear communication, responsive, great negotiation, strategic, pleasant, and friendly

  •   5   (37 reviews)
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Jonathan Hazman

Jonathan Hazman is a recommended agent for Riviera Beach.  They have 2 local sales and collected 2 local reviews across the last 12 months.

  •   5   (6 reviews)
  •  2 Reviews in Riviera Beach
  •  2 Sales in Riviera Beach
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Philip Tambasco

Philip Tambasco is a recommended agent for Riviera Beach.  They have 1 local sale and collected 2 local reviews across the last 12 months.

  •   5   (52 reviews)
  •  2 Reviews in Riviera Beach
  •  1 Sale in Riviera Beach
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