216 South L Street

Off Market

216 South L Street

Lake Worth FL 33460

1658 sq. ft.

0.12 ac.

Single-Family

Last sold for $518,000

Samantha Johnsen, last sold this property on 07 April 2025 after 255 days on market.

Overview

Great Investment Opportunity in the Heart of Downtown Lake Worth Beach! Two blocks from the epicenter of town & less than a mile to our beautiful beaches! Charming exterior, spacious interior, attached apartment & a detached garage offers multiple avenues for potential income. Sold As-Is, furnished w/ recent updates including fresh paint, new landscaping, fence, deck, new lighting, spray insulation, Roof 2021 & A/C 2020. Water Heater 2017. Well-maintained property. MF-20 Zoning allows for multiple dwelling structures on the lot to further increasing returns. Flexibility & financial opportunity in the most desired area of LWB! See Supplement. * Zoned for multi-family use (MF-20), the lot allows for up to three residential units! PREVIOUS RENTAL RATES 2023 * Front House was receiving $3,500 per month on an annual lease for the previous 2.5 years. * Apartment Income: $2,200 per month on an annual lease for the past 2.5 years. * Current rental rates vary and may not reflect the previous rental rates. Current ROI is 12% With adaptation of cottage as 3rd unit new owner ROI potential is 10% up to 14%

Features

3 bedrooms

2 bathrooms

3 carspaces

2 open car spaces

1 garage space

1658 sq. ft. floor area

0.12 ac. lot size

Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Lake Worth over the last 12 months, the estimated median property value of 216 South L Street is $467.5k.

Median value

$467.5k

Estimated value range

$3k - $1.55m

Median days on market

Estimated value trend

-2%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Lake Worth. 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 216 South L Street

2025

Sold

$518,000

07 Apr 2025 by Samantha Johnsen, of Rjm Real Estate Corp.

2025

Sold

$518,000

07 Apr 2025 by Samantha Johnsen, of Rjm Real Estate Corp.

2022

Sold

$436,000

21 Apr 2022 by Camilo Perez, of HOME SOLD REALTY

Happy sellers in Lake Worth

92%

92% of sellers in Lake Worth reported that their sale price either exceeded or met their price expectations.

Lake Worth stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 12 reviews in Lake Worth over the last 12 months.

Local market activity for 3 bedroom single-family properties in Lake Worth

In the last 12 months, 158 three-bedroom single-family properties similar to 216 South L Street, have been sold.

This represents a 6% decrease in three-bedroom single-family properties sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Lake Worth for a market analysis.

Jane Thomas

4.8

(19 reviews)

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Jeff Tricoli

at KW Reserve Palm Beach

(995 reviews)

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Patrice Haftel

at LPT REALTY LLC

(28 reviews)

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Grisel M Arias

at LPT REALTY, LLC

(27 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Lake Worth

Jane Thomas

Jane Thomas is an award winning recommended agent for Lake Worth. They have 5 local sales and collected 4 local reviews across the last 12 months.

4.8 (19 reviews)
4 Reviews in Lake Worth
5 Sales in Lake Worth

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Jeff Tricoli

Sellers who recommend Jeff Tricoli have praised them for being clear communication, responsive, local expert, supportive, great negotiation, well-prepared, and strategic