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    Waterfront Residential Villa Title is generated by Realmo AI

    342 Lake Evelyn Drive, West Palm Beach, FL 33411

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    For Sale
    $245,000

    MULTI_FAMILY - Other - West Palm Beach, FL

    Property size:
    1,000 SF
    Price / SF:
    $245/SF
    Added:
    Mar 20, 2026
    Days on Market:
    88
    Last Refresh:
    Jun 15 at 1:06 am

    Property Features for 342 Lake Evelyn Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RS
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Laundry Room
    Parking
    1
    Parking features
    Assigned
    Security features
    Security
    Patio and Porch features
    Patio, Porch
    Pets allowed
    Yes
    Interior features
    Bedroom Layout - Split, Walk-In Closet(s)
    Exterior features
    Storage
    Appliances
    Freezer, Dishwasher, Disposal, Dryer, Electric Range, Ice Maker, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    00424328070103420
    Size
    1,000 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    GOLDEN LAKES VILLAGE COND 10 UNIT 342
    Tax Annual Amount
    748
    Expense value
    125
    Expense
    Application Fee
    Expense freq.
    One Time

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Ceiling Fan(s), Central Air
    Water source
    Public
    Water front features
    Lake
    Water front
    1

    Building Details

    Year built
    1974
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Concrete Block - With Stucco
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Linda Grady
    Linda Grady

    Listing agent Linda Grady License #385239

    Listing office Paradise Real Estate Intl 601 Heritage Drive, Ste 111, Jupiter, FL

    Listing date Mar 20, 2026

    MLS# B26004628 Listing URL

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Waterfront home with lake views and wide lake scenery
    • 1974 construction with metal roof and concrete block with stucco exterior
    • Updated kitchen with granite countertop and open flow to the living area
    • Two walk‑in closets, split bedroom layout, and two modern walk‑in showers
    • Ceramic tile flooring throughout with central heating and central air plus ceiling fans
    • Screened patio/porch, assigned parking, and on‑site storage; public water and public sewer available

    Overview

    This waterfront residential villa is designed for comfortable everyday living, with an updated kitchen featuring a granite countertop that opens to the living area. The home also includes ceramic plank flooring throughout and two modern walk-in showers, adding a practical, upgraded feel to daily routines. Relax outdoors on the screened patio with wide lake views.

    Located in West Palm Beach, Florida on Lake Evelyn Drive, the property benefits from an outlook over the lake, creating a quieter residential setting. The listing is classified under zoning RS.

    For buyers seeking a waterfront lifestyle with interior upgrades and outdoor living space, the layout supports both relaxed living and easy entertaining through the open connection between the kitchen and living area. The screened patio provides a convenient place to enjoy the view in more comfortable conditions, while the updated bathrooms and flooring help reduce immediate maintenance concerns. Prospective buyers and their agents can review the finishes and features in person and confirm details directly related to the property’s configuration and condition.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $33.2k $33.24
    − Vacancy −$1.6k −$1.60
    EGI $31.6k $31.64
    − OpEx −$14.2k −$14.24
    NOI $17.4k $17.40
    1,000 SF · lease $33.24/SF/yr · vacancy 4.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $248.6K
    $217.6K – $290.1K (±1% cap)
    NOI $17,404 @ 7.0% cap · market cap 7.10%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $704.3K
    $616.2K – $821.6K (±1% cap)
    NOI $49,298 @ 7.0% cap · market cap 20.12%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.167252
    Latitude
    26.702956

    FAQs

    What type of property is this?
    Single family property - Updated waterfront villa with a screened patio and wide lake views, featuring a granite kitchen and modern walk-in showers.
    Where is this single family property located?
    The property is located at 342 Lake Evelyn Drive West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: Waterfront home with lake views and wide lake scenery; 1974 construction with metal roof and concrete block with stucco exterior; Updated kitchen with granite countertop and open flow to the living area
    More about this property
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