Investment Overview

Marcus & Millichap is pleased to present Lake Drive Villas, a five-unit multifamily property located just steps from the Intracoastal Waterway in Lantana, Florida. Built in 1925 with durable concrete block construction, the property spans 3,696 square feet on an expansive 0.38-acre lot. The unit mix includes one studio, three one-bedroom/one-bathroom units, and one two-bedroom/two-bathroom unit, providing a variety of layouts to meet tenant needs. Positioned less than a mile from the Atlantic Ocean, the property offers convenient access to public beaches, Lantana Nature Preserve, Old Key Lime House, and downtown Lake Worth Beach. Major employment centers such as Palm Beach State College, JFK Medical Center, and I-95 are also within a short drive, making it an ideal location for both lifestyle and commuter tenants. Lake Drive Villas presents a rare opportunity to acquire a well-located, low-density asset in a growing coastal market with long-term upside and redevelopment potential.