3201 Drew Way Palm Springs, FL
$ 470,000
Property Attributes
  • MLS#RX-10748849
  • TypeBackup
  • CountyPALM BEACH
  • CityPalm Springs
  • Area5490
  • NeighborhoodDrew Manor
  • Zip33406
  • StyleRanch
  • Year Built1954
  • Taxes$ 6202
  • Price$ 470,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms1
  • Sqr Footage1691
Listing Provided Courtesy Of:
True Floridian Realty
Data Source:
Beaches MLS
Property Description

Opportunity Knocks!! This property sits on over 1/2 acre of land located in beautiful Palm Springs. This is a spectacular investment opportunity with an approximate 8% cap rate! There are 2 tenants in place leasing month to month and the 3rd tenants are leased until Feb 26th, 2022. The main house boast 2 bedrooms, 1 full bath plus a den that can be converted easily to a 3rd bedroom. The home also features a studio with its own private entrance, a kitchenette, and 3/4 bathroom. The Guest house has its own private parking space with plenty of room for a boat, truck or RV. Inside features a full kitchen overlooking a spacious living room, 1 bedroom, 1 full bath and an oversized mud room which could be used for storage or laundry/pantry. This beautiful lot has so much potential!

Price History
9/30/2021 Listed $470,000

General Features

Adult 55+ No Hopa
Area 5490
Auction No
Carport Spaces 1.00
Club Membership No
Construction CBS
Contingent Active Under Contract
Cooling Wall-Win A/C
Equity Purchase No
Exterior Features Fence, Shed
Flooring Carpet, Laminate, Tile
Full Baths 2
Geo Area PB21
Geo Lat 26.641301
Geo Lon -80.091748
Governing Bodies None
HOA None
HOA/POA/COA (Monthly) 0.00
Half Baths 1
Heating Window/Wall
Interior Features None
Legal Description DREW MANOR LT 18
Membership No Membership Avail
Membership Fee Required No
Number of Garage Spaces 0.00
Parking Carport - Attached, Covered, Driveway
Pets Allowed Y/N Yes
Possession At Closing
Property Type A
Restrict None
Roof Comp Shingle
Rooms Den/Office, Laundry-Util/Closet
Security None
Short Sale No
Special Info Sold As-Is
Status Active Under Contract
Subdivision Drew Manor
Tax Year 2020
Taxes 6202.00
Terms Considered Cash, Conventional, FHA, VA
Type Single Family Detached
Utilities Cable, Electric
Virtual Tour
Waterfront None
Waterfront No
Year Built 1954
Zoning RS

Interior Features

Equip/Appl Included Dishwasher, Range - Electric, Refrigerator, Washer/Dryer Hookup
Furnished Y/N Unfurnished
Master Bedroom/Bath None
SqFt - Living 1691.00
Total Bathrooms 2.10
Total Bedrooms 4
Total Floors/Stories 1.00

Exterior Features

Design Ranch
Guest House Yes
Lot Description 1/2 to < 1 Acre
Private Pool Y/N No
Storm Protection None
Subdiv. Amenities None


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Backup Average in 33406

AVG $760K
AVG $3,041
AVG 40
Year Built
AVG 1978
AVG 36
Data Provided by Walkscore ® not using MLS data

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