7871 Terrace Rd

2
Baths
944 Sq. Ft.
$381 / Sq. Ft.
944
Sq. Ft.
$381
per Sq. Ft.

Description

Double lot! Attention investors and developers, this is the deal of the year. 0.3 miles to intracoastal. Existing duplex, recent work done including interior/exterior paint and new appliances. This duplex is situated on a double lot! Cash flow immediately with two units ready to rent with the potential for the development of additional unit(s) or even the possibility of subdividing. Great Airbnb potential or live in one side and rent the other! This will not last long, submit your offers ASAP!Double lot! Attention investors and developers, this is the deal of the year. 0.3 miles to intracoastal. Existing duplex, recent work done including interior/exterior paint and new appliances. This duplex is situated on a double lot! Cash flow immediately with two units ready to rent with the potential for the development of additional unit(s) or even the possibility of subdividing. Great Airbnb potential or live in one side and rent the other! This will not last long, submit your offers ASAP!
  1. Listed by Kristen Marie Castano • Brokerage DRE #1056741 • Realty ONE Group Innovation
    P: (561)-215-3032 C: (561)-215-3032 kristen@luxurysoflrealestate.com

Property Details for 7871 Terrace Road

Furnished
Unfurnished
Waterfront Details
None
Waterfront
No
Style
No Pool/No Water
Year Built Numeric
1955
Design
Duplex
Subdivision
TROPICAL TERRACE
LISTING UPDATED: 05/20/2026 01:07 AM

Property Details for 7871 Terrace Road

StatusClosed
MLS #R10894260
Days on Market79
Taxes$2,846 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1955
Lot Size0.23 AC / 10,018 SF
CountyPalm Beach County

Location

Listing Courtesy of Realty ONE Group Innovation

Sold By Brokers, LLC

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Building Information for 7871 Terrace Road

Stories1Residences-Year Built1955Building Size-Lot Size0.23 AC / 10,018 SF

Payment Calculator

$2,031 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,794

Property Taxes

$237

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
  • Area: 4320
  • City and Location Text: Lake Worth
  • County Land Code: Palm Beach County
  • County Or Parish: Palm Beach County
  • Geo Lat: 26.559466
  • Information Available: None
  • MLS Area: 4320
  • MLS Sub Area: PB12, Palm Beach 4200; 4210; 4320; 4330; 4340; 4350
  • Postal Code: 33462
  • State: FL
  • Street #: 7871
  • Subdivision Complex Bldg: TROPICAL TERRACE
  • Complex Name: TROPICAL TERRACE
  • Water Access: None
  • Zoning: Multi Family
Taxes and HOA Information
  • Association Fee: $0
  • HOPA: No HOPA
  • Legal Desc: TROPICAL TERRACE LTS 87 & 88
  • Parcel ID: 00434510070000870
  • Tax Information: City/County
  • Tax Year: 2022
Property
Lot Information
  • Acreage Description: 1/4 To Less Than 1/2 Acre Lot
  • Acres: 0.23
  • Approx Sqft Total Area: 944
  • Approximate Lot Size: 100X100
  • Lot Description: Fruit Tree(s), Room for Pool
  • Lot Dimensions: 100X100
  • Property Condition: Resale
  • Sq Ft: 944
  • Sq Ft Liv Area: 944.0
  • Sq Ft Total: 944
  • Type of Building: Duplex
  • Property Type: Residential Income, Duplex
Property and Assessments
  • Avail Docs: None
  • Construction Type: Duplex, Composition, Other, Resale, Block, CBS
  • Document Count: 0
  • Legal Description: TROPICAL TERRACE LTS 87 & 88
  • Special Assessment: No
  • Type: Duplex
  • Year Built Description: 1955
Utilities
  • Electric Service: Three Phase
  • Separate Elec Meters: Yes
  • Separate Meter: Yes
  • Separate Wtr Meters: Yes
  • Sewer Description: Septic Tank
Interior and Exterior Features
Exterior Features
  • Balcony Porch/Patio: No
  • Construction: Block, CBS
  • Gated Community YN: No
  • Guest Accommodations: No
  • Private Pool: No
  • Roof: Composition, Other
  • Roof Description: Composition, Other
  • Structure Type: Duplex
  • Subdiv Amenities: None
  • Storm Protection Details: None
Interior Features
  • Baths Total: 2
  • Column Description: Block, CBS
  • Cooling: Wall/Window Unit(s)
  • Flooring: Ceramic Tile
  • Heating: Window/Wall
  • Heating Description: Window/Wall
  • Num Floors: 1
  • Numof Units: 2
Multi Family
Multi Family Information
  • Number of Stories: 1.0
  • Unit Count: 2
Income & Expenses
  • Income & Expenses: Annual Net Oper Inc: $.00
  • Income & Expenses: Annual Total Expense: $.00
  • Income & Expenses: Gross Operating Inc: $.00
  • Exp Incl Pool Service: No
  • Expense Amount: $0
  • Gross Operating Income: $0
  • Gross Rent Income: $0
  • Monthly Income: $0
  • Source of Expenses: Other
Unit Information
Unit 1
  • Appliances: Range, Refrigerator
  • Parking Features: Parking Space
  • Rooms: Kitchen
  • Actual Rent: $.00
  • Baths Full: 1
  • Beds Total: 1
  • Furnished: Unfurnished
  • SqFt: 472.0
Unit 2
  • Appliances: Range, Refrigerator
  • Parking Features: Parking Space
  • Rooms: Kitchen
  • Actual Rent: $.00
  • Baths Full: 1
  • Beds Total: 1
  • Furnished: Unfurnished
  • SqFt: 472.0
Rental
Rental Information
  • DXORIGMLNO: RML
  • Pets on Premises: No
  • Pets On Premises YN: No
  • Rental Price/SqFt: $402.54
  • Tenant Pays: Cable TV, Electricity, Water

Property History for 7871 Terrace Road

DateEvent & SourcePriceAppreciation
Jun 17, 2026

Temp Off Market

MFRMLS #TB8490469

$419,999
May 5, 2026

Price Change

MFRMLS #TB8490469

$429,999
Apr 30, 2026

Price Change

MFRMLS #TB8490469

$439,999
DateEvent & SourcePrice
06/17/2026

Temp Off Market

MFRMLS #TB8490469

$419,999
05/05/2026

Price Change

MFRMLS #TB8490469

$429,999
04/30/2026

Price Change

MFRMLS #TB8490469

$439,999

For completeness, we 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
Public - PK to 5
Public - 6 to 8
Public - 6 to 12
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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Listing Courtesy of Realty ONE Group Innovation

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.