1202 S M Street, Lake Worth Beach, FL 33460

$495,000
Property Type: Residential Income Square Footage: 1,336 Status: Active
Current Price: $495,000 List Date: 5/12/2026 Last Modified: 9/09/2026

Overview

Description

Invest in Paradise! This charming 1962 duplex at 1202 S M Street in Lake Worth Beach offers a good cash-flow opportunity and amazing upside. Located less than a mile from the ocean, it features two 1-bed/1-bath units on an oversized corner lot, with plenty of room for expansion. Live in one, rent out the other. Currently, the East Unit is rented, and the West Unit is vacant. Lake Worth Beach's unique artistic character makes it a winter home for artists from all over the world, thanks to its proximity to the pristine beach, world-class restaurants, and spas. Join the big-time investors who are spending billions rebuilding West Palm Beach and Lake Worth Beach. It's only a matter of time. Buyers should verify any use changes with their investment advisors and the City of Lake Worth Beach.

Listing Details MLS# B26027722

General Property Information

Number Of Units Total
2
Property Sub Type
Duplex
Building Area Main
1336
Building Area Source
Public Records
Living Area Main
1120
Living Area Source
Assessor
Accessibility Features YN
No
Year Built
1962
Parking Total
4
Gated Community YN
No
Lot Size Area
6750
Lot Size Acres
0.15
Lot Size Dimensions
50.0 ft x 135.0 ft
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories Total
Yes
Stories
Yes
Pool Private YN
No

Property Features

Documents Available: Copy Of Lease(s); Deposit - Last Months Rent; Deposit Held; Rent Rolls Electric: Three Phase Exterior Features: None Flooring: Ceramic Tile; Tile Leasing Permitted Details: Okay To Lease Property Condition: Resale Special Listing Conditions: Standard Structure Type: Duplex Tenant Pays: Cable TV; Electricity; Water Source Of Expenses: Owner Provided Construction Materials: CBS Cooling: Ceiling Fan(s); Wall/Window Unit(s) Heating: Electric; Window/Wall Laundry Features: None Levels: One Listing Terms: Cash; Conventional Lot Features: Corner Lot; Oversized Lot; Room for Pool Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow; Subject To Tenant Rights Restrictions: No Restrictions Road Frontage Type: City Street Road Responsibility: Public Maintained Road Road Surface Type: Asphalt Roof: Composition Sewer: Public Sewer Storm Protection Details: Storm Shutters Tax Information: City/County Utilities: Cable Connected; Electricity Connected; Natural Gas Available; Sewer Available; Water Available View: Garden Water Access: None Water Source: Public Window Features: Single Hung Metal; Sliding Outdoor Living Spaces: Patio; Porch Patio Details: Patio - Open Porch Details: Porch - Open Unit 1 Appliances: Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Open Parking; Parking Space; Other Unit 1 Rooms: Laundry Room Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: On Street; Open Parking; Parking Space Unit 2 Rooms: Kitchen Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
525000
Negotiable Seller Concessions YN
No
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
1202
Street Direction Prefix
S
Street Name
M
Street Suffix
Street
City Name
Lake Worth Beach
Municipality Type
Incorporated
State Or Province
FL
Postal Code
33460
Postal Zip
33460
Subdivision Name
LAKE WORTH TOWN OF ADD 1
Area
5640
Geographic Area
PB16
Elementary School
Barton
Middle Or Junior School
Lantana Community
High School
Lake Worth
Special Assessment YN
No
Parcel Number
38434427010560080
Zoning
SF-R(c

Financial Information

Application Required YN
No
Master Association YN
No
Tax Annual Amount
9854
Tax Year
2025
Tax Legal Description
ADD 1 TO TOWN OF LAKE WORTH LT 8 BLK 56

Status Change Information

Major Change Timestamp
2026-07-06T15:49:11Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-07-06T15:49:11Z
Status Change Date
2026-05-12

More Information

Leasing Permitted Details

Leasing Permitted YN
Yes

Meter Information

Separate Electric Meters YN
Yes
Number Of Separate Electric Meters
2
Separate Gas Meters YN
Yes
Number Of Separate Gas Meters
2
Separate Water Meters YN
No

Pet Details

Pet Fee YN
No

Leasing Restrictions

Leasing - Max Times Per Year
99
Leasing - Minimum Number of Days
99

Storm Protection

Accordian Shutters
Partial

Unit 1 Details

Actual Rent
1700
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
550

Unit 1 Lease Description

Currently Leased YN
Yes
Lease Term
12 Months
Lease Expiration
2027-04-30
Occupant Type
Tenant

Unit 1 Parking Details

Carport YN
No
Garage YN
No

Unit 2 Details

Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
550

Unit 2 Lease Description

Currently Leased YN
Yes
Lease Term
12 Months
Lease Expiration
2026-08-04
Occupant Type
Tenant

Unit 2 Parking Details

Carport YN
No
Garage YN
No

Price Calculations

Current Price To SqFt
441.96

Originating Details

Originating System Key
20260512224737099980000000
Originating System ID
M00000170
IDX
Listing Office: Illustrated Properties LLC (Co
Last Updated: September - 09 - 2026
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