7871 Terrace Rd Lantana, FL 33462
Estimated payment $2,961/month
Highlights
- Solid Surface Countertops
- Eat-In Kitchen
- Ceiling Fan
- No HOA
- Solid Wood Cabinet
- Private Entrance
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.
Listing Agent
RICHARD PETERS REALTY LLC Brokerage Phone: 352-448-9712 License #3609835 Listed on: 03/25/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,337
Year Built
- Built in 1955
Lot Details
- 10,000 Sq Ft Lot
- Private Entrance
Home Design
- Duplex
- Block Foundation
- Shingle Roof
- Stucco
Interior Spaces
- 944 Sq Ft Home
- Ceiling Fan
- Laminate Flooring
Kitchen
- Eat-In Kitchen
- Convection Oven
- Solid Surface Countertops
- Solid Wood Cabinet
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- No Heating
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 87
- Assessor Parcel Number 00-43-45-10-07-000-0870
Community Details
Overview
- No Home Owners Association
- 2 Units
- Tropical Terrace Subdivision
Building Details
- Gross Income $49,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $7,974 | $281,777 | -- | -- |
| 2024 | $7,974 | $256,161 | -- | -- |
| 2023 | $2,993 | $71,300 | $193,384 | $68,140 |
| 2022 | $2,846 | $64,818 | $0 | $0 |
| 2021 | $2,307 | $166,737 | $120,000 | $46,737 |
| 2020 | $1,968 | $124,737 | $78,000 | $46,737 |
| 2019 | $1,776 | $101,074 | $52,000 | $49,074 |
| 2018 | $1,569 | $85,813 | $25,344 | $60,469 |
| 2017 | $1,365 | $66,422 | $12,672 | $53,750 |
| 2016 | $1,273 | $36,587 | $0 | $0 |
| 2015 | $1,208 | $33,261 | $0 | $0 |
| 2014 | $1,056 | $30,237 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/11/2026 05/11/26 | Price Changed | $419,999 | -2.3% | $445 / Sq Ft | |
| 05/05/2026 05/05/26 | Price Changed | $429,999 | -2.3% | $456 / Sq Ft | |
| 04/30/2026 04/30/26 | Price Changed | $439,999 | -3.3% | $466 / Sq Ft | |
| 04/20/2026 04/20/26 | Price Changed | $454,999 | -1.1% | $482 / Sq Ft | |
| 04/13/2026 04/13/26 | Price Changed | $459,999 | -4.2% | $487 / Sq Ft | |
| 04/06/2026 04/06/26 | Price Changed | $479,999 | -2.0% | $508 / Sq Ft | |
| 04/06/2026 04/06/26 | Price Changed | $489,999 | -2.0% | $519 / Sq Ft | |
| 03/25/2026 03/25/26 | For Sale | $499,999 | +38.9% | $530 / Sq Ft | |
| 10/13/2023 10/13/23 | Sold | $360,000 | -5.3% | $381 / Sq Ft | View Prior Sale |
| 08/21/2023 08/21/23 | Pending | -- | -- | -- | |
| 07/11/2023 07/11/23 | Price Changed | $380,000 | -5.0% | $403 / Sq Ft | |
| 06/27/2023 06/27/23 | For Sale | $399,900 | 0.0% | $424 / Sq Ft | |
| 06/26/2023 06/26/23 | Pending | -- | -- | -- | |
| 06/02/2023 06/02/23 | For Sale | $399,900 | -- | $424 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $360,000 | Florida Fidelity Title & Escro | |
| Warranty Deed | $360,000 | Florida Fidelity Title & Escro | |
| Warranty Deed | $240,000 | -- | |
| Warranty Deed | $100,000 | Universal Land Title Inc |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $353,479 | FHA | |
| Closed | $353,479 | FHA |
Source: Stellar MLS
MLS Number: TB8490469
APN: 00-43-45-10-07-000-0870
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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. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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Ask me questions while you tour the home.