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508 N K Street #1, Lake Worth, FL, 33460

3beds
2baths
1,656sqft
$495,000
$299price/sqft
$4,308/moest. monthly cost
$172,320/yrincome needed

About This Home

Revenue generating two-story duplex with charming street appeal. The lower floor unit is a 1bd/1ba with large covered patio and upstairs unit is a roomy 2bd/1ba with 912 sq ft and a 234 sq ft balcony. Front area of property is a large green space full of potential. Two large off street parking spaces welcome guests. 5 blocks to eclectic dining and shopping and 2 miles to the beach. This excellent investment opportunity is turnkey furnished and ready to go!

Getting Around

87
WalkingVery Walkable
0
TransitVery Limited Transit
85
BikeVery Bikeable

Schools

5/10
2/10
Lake Worth High SchoolGrades PK,9-120.9 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1922

Materials

  • Roof: Flat,Rolled/Hot Mop
  • Construction materials: Frame,Stucco

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex,Multi Family,Multi Family

Interior

Appliances

  • Laundry features: Laundry Closet,Outside

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2

Features

  • Window features: Blinds
  • Flooring: Ceramic Tile,Laminate

Heating & Cooling

  • Heating features: Wall Furnace
  • Cooling features: Ceiling Fan(s),Wall/Window Unit(s)

Interior Area

  • Total structure area: 2,191
  • Total interior livable area: 1,656 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 38434421151540040
  • Zoning: SF-TF-14 (city)
  • Special condition: Standard,Listed As-Is
  • Other equipment: Irrigation Equipment

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Porch,Balcony
  • Exterior features: Balcony,Lighting,Outdoor Living Area,Storage,Room For Pool
  • Fencing: Fenced
  • Has view: Yes
  • View description: Garden
  • Waterfront features: None

Lot

  • Lot size: 3,375 sqft
  • Features: Landscaped,Sprinklers Automatic,< 1/4 Acre
  • Lot size dimensions: 25.0 ft x 135.0 ft

Parking

  • Total spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Heat Wave
Tsunami

FEMA Declared Disasters in Palm Beach County and Florida

Flood
Hurricane
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,502$30,024
Home Insurance *$1,271$15,252
Property Taxes $338$4,056
Electricity $197$2,366
Total$4,308$51,696
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$147,702/yr
40% on housing$129,240/yr
45% on housing$114,880/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.3%
13.3%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 4.0%
4.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$299This listing

vs Other Active Listings

Avg $/sqft

ZIP 33460$247
Palm Beach County$444

vs Homes Sold Last Month

Median $/sqft

ZIP 33460$379
Palm Beach County$365

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-20Listed for sale$495,000
2023-08-25Listing removed--
2023-07-18Listed for sale$529,000
2020-08-31Sold$261,500
2020-07-10Listed for sale$266,500
2019-03-14Sold$220,050
2019-01-17Pending sale$250,000
2018-12-28Price change$250,000
2018-11-11Listed for sale$270,000
2018-05-09Listing removed$1,450
2018-05-03Listed for rent$1,450
2014-08-11Sold$117,000
2014-05-03Listing removed$139,900
2014-03-13Price change$139,900
2014-02-25Listed for sale$149,000
2012-10-12Listing removed$119,900
2011-11-08Listed for sale$119,900
2009-11-04Sold$83,000
2005-07-19Sold$259,000
2003-09-08Sold$140,000
1997-05-05Sold$43,000

For Sale by Agent

AgentCynthia Nalley
BrokerageAcquire Palm Beach LLC

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