923 W Ilex Dr, Lake Park, FL 33403

An outstanding investment opportunity or a fantastic starter home, this 3-bedroom, 2-bath single-family home at 923 W Ilex Dr in Lake Park, Florida, offers incredible value. With a Zestimate® of $368,700 and an estimated refinance payment of $2,484/mo, this 984 sqft residence is a great find in a market where the median sold home price in the 33403 zip code is approximately $365,000 to $470,500.

Property Highlights:

• Exceptional Value: This home is priced competitively and provides a great opportunity to build immediate equity. The price per square foot of approximately $374 is higher than the area’s median of $273, which can indicate that the home has significant updates or is highly valued due to its location and features.
• Investment Potential: This property presents a fantastic opportunity for a savvy investor. It was last sold for a much lower price in 2018 ($57,000) and again in 2012 for the same amount, showing its strong potential for appreciation over time. The property has also been successfully listed for rent in the past, highlighting its potential as an income-producing asset.
• Classic Charm & Updates: Built in 1958, this home features classic concrete block and stucco construction. The listing mentions that the home is well-kept and includes a large backyard with plenty of room for outdoor activities and potential expansion.
• Functional Layout: At 984 sqft, this home offers an efficient and functional living space for a family. It features a great layout on a spacious 9,583 sqft lot.

Don’t miss out on this incredible chance to own a piece of the thriving Lake Park real estate market. This home offers the perfect blend of location, value, and potential.

Contact us today to schedule your private tour!