7871 Terrace Rd

Lantana, FL 33462

$499,999
Price
2
Beds
2
Baths
944 Sq. Ft.
$530 / Sq. Ft.
944
Sq. Ft.
$530
per Sq. Ft.
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a front view of house with yard and trees
a view of an empty room with a window and wooden floor
a view of living room with furniture and window
a kitchen with white cabinets sink and white appliances
a bathroom with a toilet and a sink
a kitchen with white cabinets and white appliances
a view of an empty room with wooden floor and a window
a view of kitchen with wooden floor electronic appliances and window
a view of livingroom with wooden floor
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
a bathroom with a sink and a mirror
a living room with stainless steel appliances kitchen island granite countertop a sink and white cabinets
a living room with furniture and a flat screen tv
a kitchen with a refrigerator a stove and a dining table with wooden floor
a living room with a sink and a rug
a view of kitchen with cabinets and wooden floor
a bedroom with a bed and wooden floor
a bedroom with a bed and a flat screen tv

Description

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...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.
  1. Listed by KEVIOUS DOUGLAS, LLC • Brokerage DRE #1069729 • RICHARD PETERS REALTY LLC
    P: (813)-417-1391 C: (813)-417-1391 kevious.realtor@gmail.com

Property Details for 7871 Terrace Road

Subdivision Name
TROPICAL TERRACE
Township
45
Waterfront
No
LISTING UPDATED: 03/26/2026 06:59 AM

Property Details for 7871 Terrace Road

StatusActive
MLS #TB8490469
Days on Market10
Taxes$8,337 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1955
Lot Size0.23 AC / 10,000 SF
CountyPalm Beach County
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Location

Listing Courtesy of RICHARD PETERS REALTY LLC
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Building Information for 7871 Terrace Road

Stories-Residences-Year Built1955Building Size-Lot Size0.23 AC / 10,000 SF

Payment Calculator

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$3,213 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,518

Property Taxes

$695

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 7871 Terrace Road

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: Heading north on I-95 N, Take exit 59 for Gateway Blvd. Turn right onto E Gateway Blvd. Drive 0.1 miles then turn left onto N Seacrest Blvd. Drive 0.5 miles and turn right onto Miner Rd. Drive another 0.6 miles then turn left onto Terrace Rd. In 0.1 miles, destination will be on the left.
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 7871
  • Street Name: TERRACE
  • Street Suffix: ROAD
  • State: FL
  • City: LANTANA
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 000
  • Tax Book Number: 22-58
  • Tax Legal Description: TROPICAL TERRACE LTS 87 & 88
  • Tax Lot: 87
  • Tax Year: 2025
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 00434510070000870
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: RM
  • Living Area: 944
Property and Assessments
  • Year Built Numeric: 1955
  • Flood Zone Code: X
  • Flood Zone Date: 12-20-2024
  • Flood Zone Panel: 12099C0791G
  • New Construction: No
  • Public Survey Range: 43
  • Public Survey Section: 10
Utilities
  • Sewer: Public Sewer
  • Utilities: Public
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stucco
  • Exterior Features: Private Entrance
  • Foundation Details: Block
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 2
  • Appliances: Convection Oven, Refrigerator
  • Cooling: Wall/Window Unit(s)
  • Fireplace: No
  • Flooring: Laminate
  • Heating: None
  • Interior Features: Ceiling Fan(s), Eating Space In Kitchen, Solid Surface Counters, Solid Wood Cabinets
  • Laundry Features: None
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $10,000.00
  • Gross Income: $49,000
  • Unit Count: 2

Property History for 7871 Terrace Road

DateEvent & SourcePriceAppreciation
Mar 25, 2026

Listed (Active)

MFRMLS #TB8490469

$499,999—
Mar 23, 2026

Cancelled

Beaches MLS #R11148464

$399,700—
Feb 19, 2026

Temp Off Market

Beaches MLS #R11148464

—
Dec 18, 2025

Listed (Active)

Beaches MLS #R11148464

$399,700—
Oct 13, 2023

Sold (Public Record)

Public Record #1521813282

$360,000

+101.1% / yr

Oct 13, 2023

Sold

Beaches MLS #R10894260

$360,000—
Aug 21, 2023

Pending

Beaches MLS #R10894260

—
Jun 27, 2023

Listed (Active)

Beaches MLS #R10894260

$399,900—
Mar 15, 2023

Sold (Public Record)

Public Record #1507866578

$240,000

+5.0% / yr

Feb 10, 2005

Sold (Public Record)

Public Record #151331476

$100,000—
DateEvent & SourcePrice
03/25/2026

Listed (Active)

MFRMLS #TB8490469

$499,999
03/23/2026

Cancelled

Beaches MLS #R11148464

$399,700
02/19/2026

Temp Off Market

Beaches MLS #R11148464

—
12/18/2025

Listed (Active)

Beaches MLS #R11148464

$399,700
10/13/2023

Sold (Public Record)

Public Record #1521813282

$360,000

+101.1% / yr

10/13/2023

Sold

Beaches MLS #R10894260

$360,000
08/21/2023

Pending

Beaches MLS #R10894260

—
06/27/2023

Listed (Active)

Beaches MLS #R10894260

$399,900
03/15/2023

Sold (Public Record)

Public Record #1507866578

$240,000

+5.0% / yr

02/10/2005

Sold (Public Record)

Public Record #151331476

$100,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7871 Terrace Road

Taxable ValueLand$142,560Additions$146,874Total$289,434
Tax Record2025$8,342 ($695 / month)
Home Facts
Baths2Total Finished SqFt944 SqFtAbove Grade Finished SqFt944 SqFtStories1Lot Size10,006 SqFtStyleDuplexYear Built1955Year Renovated1992ZoningRMCountyPALM BEACHAPN00-43-45-10-07-000-0870

Schools near 7871 Terrace Road

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Rolling Green Elementary School
Public - PK to 5
Congress Community Middle School
Public - 6 to 8
Boynton Beach Community High School
Public - 6 to 12
Ed Venture Charter School
Charter - 9 to 12
Rating
School
Distance
Rolling Green Elementary School
PublicPK to 5

Congress Community Middle School
Public6 to 8

Boynton Beach Community High School
Public6 to 12

Ed Venture Charter School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 7871 Terrace Road, Lantana, FL 33462

7871 Terrace Road is a multi-family home for sale in Lantana, FL 33462. This property was listed for sale on March 25, 2026 by RICHARD PETERS REALTY LLC, it's currently listed at $499,999. It has been on the market for a total of 10 days and was last sold on October 13, 2023. This listing's school district is Palm Beach. Nearby schools include Rolling Green Elementary School, Congress Community Middle School and Boynton Beach Community High School. 7871 Terrace Road is a 2-bed, 2-bath, 944 sqft multi-family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RICHARD PETERS REALTY LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.