401 6th Ave N Lake Worth, FL 33460
Mango Groves NeighborhoodEstimated payment $16,582/month
Highlights
- Wood Flooring
- Impact Glass
- Ceiling Fan
- No HOA
- Central Heating and Cooling System
- 1-Story Property
About This Home
M Lake Worth Beach is a fully renovated 10 unit boutique short-term rental property offering a unique and stylish retreat just one mile from the pristine shores of Lake Worth Beach, Florida. M Lake Worth Beach has 2 years of solid performance history. The property has been thoughtfully designed with a blend of retro charm and modern upgrades, capturing the nostalgic vibes of mid-century design while providing guests with all the contemporary comforts they expect. All units been meticulously renovated. In addition, the property features an outdoor amenity space, including a custom-built BBQ area, outdoor dining and lounge, a serene environment enhanced by ambient lighting and lush landscaping. Ideally located within walking distance to downtown Lake Worth Beach’s vibrant dining, arts, and shopping scene, and just minutes from Palm Beach International Airport, Brightline, West Palm Beach, M LWB attracts both leisure and business travelers looking for a unique and well-connected destination. This boutique property’s prime location, along with its distinctive design and high guest satisfaction, ensures consistent demand and strong rental performance. Offered as a fully operational and turnkey short-term rental asset. With proven income and modern aesthetic that sets it apart from other properties in the area, this building provides investors with a chance to capitalize on the growing demand for unique, high-quality hospitality experiences in South Florida.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,260
Year Built
- Built in 1953
Parking
- 7 Parking Spaces
Home Design
- Quadruplex
- Substantially Remodeled
- Shingle Roof
Interior Spaces
- 5,144 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Wood Flooring
- Impact Glass
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Rent includes electricity, hot water, gardener, pest control
- Assessor Parcel Number 38434421151580090
Community Details
Overview
- No Home Owners Association
- 3 Units
- Lake Worth Town Of Condos
- Lake Worth Town Of Subdivision
Building Details
- Net Operating Income $233,667
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $19,273 | $847,331 | -- | -- |
| 2023 | $17,024 | $694,762 | -- | -- |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/24/2026 03/24/26 | Price Changed | $2,790,000 | -2.8% | $542 / Sq Ft |
| 03/11/2026 03/11/26 | For Sale | $2,870,000 | -- | $558 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,700,000 | South Florida Title Associates | |
| Warranty Deed | $1,700,000 | South Florida Title Associates | |
| Special Warranty Deed | $370,000 | Star Title Partners Of Palm | |
| Warranty Deed | $500,000 | Standard Title Insurance Age |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,275,000 | New Conventional | |
| Closed | $1,275,000 | New Conventional | |
| Previous Owner | $350,000 | Commercial |
Source: MIAMI REALTORS® MLS
MLS Number: A11980919
APN: 38-43-44-21-15-158-0090
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Ask me questions while you tour the home.