$419,999
7871 Terrace Road
Lantana, FL 33462
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
*Exceptional Turnkey Multi-Family Investment Opportunity *Discover a cash-flowing, income-producing asset perfectly positioned for the savvy investor or owner-operator. This 2-bedroom, 2-bathroom duplex delivers immediate rental income with remarkable upside potential. Unit A is currently vacant, but a recent tenant was paying $1,500 per month, while Unit B has been successfully operated as an Airbnb, grossing an impressive $31,000 last year. Both units have been freshly remodeled and feature modern laminate flooring throughout, stylish breakfast bars, and updated finishes that attract quality tenants and guests alike. Unit B showcases brand new wood cabinets and comes fully furnished, equipped with a coffee maker, microwave, couch, bed, two televisions, computer desk, and chair — meaning you can begin generating Airbnb income from day one with zero additional investment. Major capital improvements have already been completed, including a brand new roof installed in 2024 and two wall-mounted AC units added to each unit in 2024. These significant upgrades provide peace of mind and reduce future maintenance costs, allowing you to maximize your returns immediately. Whether you choose to continue the current dual-income strategy, convert both units to long-term rentals, or occupy one unit while the other pays your mortgage, the flexibility of this property is unmatched. Located in the desirable Lantana community with easy access to beaches, dining, and local attractions, this duplex is ideally suited for short-term rental demand. This property is easy to show and ready for its next owner. Schedule your private tour today and start building your real estate portfolio. No assignable contracts.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history47 days on market
- Status: ActiveMar 25, 2026
- Listed$499,999Mar 25, 2026
- Price reduced$419,999
Virtual Tour
Facts & features
- Property type
- Residential Income
- Sub type
- Duplex
- Status
- Active
- Days on market
- 47
- Subdivision
- Tropical Terrace
- County
- Palm Beach
- Year built
- 1955
- Living area
- 944 sq ft
- Price/sq ft
- $445
- Lot size
- 10,000 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X (12099C0791G)
- Annual taxes
- $8,337 (2025)
- Parcel #
- 00-43-45-10-07-000-0870
- Zoning
- RM
- MLS #
- TB8490469
Interior Details
- Bedrooms
- 2
- Flooring
- Laminate
- Appliances
- Convection Oven, Refrigerator
- Interior features
- Ceiling Fans(s), Eat-in Kitchen, Solid Surface Counters, Solid Wood Cabinets
- Laundry
- None
Heating & Cooling
- Heating
- None
- Cooling
- Wall/Window Unit(s)
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Ownership
- Fee Simple
Exterior & Construction
- Exterior features
- Private Entrance
- Construction materials
- Stucco
- Roof
- Shingle
- Foundation
- Block
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Public
Listing Details
- Listing date
- 2026-03-23
- On market date
- 2026-03-25
- Original list price
- $499,999
- MLS area
- 33462 - Lake Worth
- Listing AOR
- Suncoast Tampa
- Status changed
- 2026-03-25
- Tax legal description
- TROPICAL TERRACE LTS 87 & 88
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Heading north on I-95 N, Take exit 59 for Gateway Blvd. Turn right onto E Gateway Blvd. Drive 0.1 miles then turn left onto N Seacrest Blvd. Drive 0.5 miles and turn right onto Miner Rd. Drive another 0.6 miles then turn left onto Terrace Rd. In 0.1 miles, destination will be on the left.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX 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.
Based on information submitted to the MLS GRID as of May 11, 2026 at 11:22 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA