Sold
Last Sold Price
5 beds3 baths2,259 sqft$150/sqft
7880 Terrace Rd, Lantana, FL 33462
Multi FamilyProperty Type
10,018 sq ftLot Size
1954Year Built
$150/sq ftPrice per sq ft

Description

First time on the market! This income producing property has been in the family since DAY 1. Main House consists of 4 bedrooms 2 bath with an ENORMOUS Master suite. One of the bedrooms is currently being utilized as a beauty salon for their in home business. Brand New roof in 2021. Massive deck behind the property great for entertaining and BBQs. There is also a detached building behind the home that is currently being used as a storage and laundry room that has full power and can easily be turned...First time on the market! This income producing property has been in the family since DAY 1. Main House consists of 4 bedrooms 2 bath with an ENORMOUS Master suite. One of the bedrooms is currently being utilized as a beauty salon for their in home business. Brand New roof in 2021. Massive deck behind the property great for entertaining and BBQs. There is also a detached building behind the home that is currently being used as a storage and laundry room that has full power and can easily be turned into an efficiency with the right vision! Now to the detached guest house.... Guest House is a 1 bedroom 1 bath living room and kitchen with a large attached screened patio. Property is situated on 2 lots and back yard is fully fenced. The opportunities are endless.
  • Listed by: Michael Knapp 561.572.8888 michaelknapp24@yahoo.com Brokerage DRE #3208362 • Arena and Company
Listing closed: 03/15/2023 12:00 AM • Source: Beaches MLS, MLS#: R10828317

Recent comparable sales

Median sold price

$599,000

Avg days on market

36

Sale-to-list ratio

96.1%

Lantana, FL

9 comparable properties found

$482,500 | 809 Atlanta Avenue, Lantana, FL 33462
1/62
1

$482,500

Sold 02/21/25

5
Bedrooms
1,926
Square Feet
0.3
Acres
a front view of a house with a yard and porch
1/24
2

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Sold 04/01/26

5
Bedrooms
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Square Feet
0.25
Acres
3

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Sold 06/18/25

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Bedrooms
3
Bathrooms
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Square Feet
0.14
Acres
$599,000 | 1317 South Broadway, Lantana, FL 33462
1/90
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Sold 06/11/26

4
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2,110
Square Feet
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Acres
$1,180,000 | 130 East Hart Street, Lantana, FL 33462
1/79
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Sold 04/29/26

4
Bedrooms
2,358
Square Feet
Unavailable
Acres
$599,000 | 1207 Sea Pines Lane, Lantana, FL 33462
1/47
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Sold 06/01/26

4
Bedrooms
2,115
Square Feet
0.2
Acres
$610,000 | 1434 West Trammell Street, Lantana, FL 33462
1/57
7

$610,000

Sold 11/06/25

4
Bedrooms
2,157
Square Feet
0.18
Acres
$626,000 | 920 South Lake Drive, Lantana, FL 33462
1/73
8

$626,000

Sold 02/09/26

4
Bedrooms
2,122
Square Feet
0.24
Acres
$562,500 | 502 South 13th Court, Lantana, FL 33462
1/107
9

$562,500

Sold 11/04/24

5
Bedrooms
1,699
Square Feet
Unavailable
Acres

Location

Listing Courtesy of Arena and Company

Sold By RE/MAX Advisors

Add your commute

Payment Calculator

$1,811 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,718

Property Taxes

$93

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 7880 Terrace Road

Property Details
  • Taxes: $1,110 / year
  • MLS Type: Residential Income / Duplex
  • Furnished: Unfurnished
  • Waterfront Details: None
  • Style: No Pool/No Water
  • Year Built Numeric: 1954
  • Subdivision: TROPICAL TERRACE IN
Building Information
  • Stories: 1
  • Year Built: 1954
  • Lot Size: 0.23 AC / 10,018 SF
Summary
Location and General Information
  • Area: 4320
  • City and Location Text: Lantana
  • County Land Code: Palm Beach County
  • County Or Parish: Palm Beach County
  • Geo Lat: 26.559327
  • Information Available: None
  • MLS Area: 4320
  • MLS Sub Area: PB12, Palm Beach 4200; 4210; 4320; 4330; 4340; 4350
  • Postal Code: 33462
  • State: FL
  • Subdivision Complex Bldg: TROPICAL TERRACE IN
  • Complex Name: TROPICAL TERRACE IN
  • Water Access: None
  • Zoning: 4320
Taxes and HOA Information
  • Association Fee: $0
  • Legal Desc: TROPICAL TERRACE LTS 112 & 113
  • Parcel ID: 00434510070001120
  • Tax Information: Homestead Exemption
  • Tax Year: 2022
  • Taxes: $1,110
Property
Lot Information
  • Acreage Description: 1/4 To Less Than 1/2 Acre Lot
  • Acres: 0.23
  • Approx Sqft Total Area: 2259
  • Property Condition: Resale
  • Special Info: Sold As-Is
  • Sq Ft: 2259
  • Sq Ft Liv Area: 2259.0
  • Sq Ft Total: 2,259
  • Property Type: Residential Income, Duplex
Property and Assessments
  • Avail Docs: None
  • Construction Type: Duplex, Composition, Resale, CBS, Stucco
  • Document Count: 0
  • Legal Description: TROPICAL TERRACE LTS 112 & 113
  • Type: Duplex
  • Year Built Description: 1954
Utilities
  • Cable Available: Yes
  • Electric Service: Three Phase
  • On Site Utilities: Cable Available, Water Available
  • Separate Elec Meters: Yes
  • Separate Meter: Yes
  • Separate Wtr Meters: Yes
  • Sewer Description: Septic Tank
  • Utilities: Cable Available, Water Available
Interior and Exterior Features
Exterior Features
  • Balcony Porch/Patio: No
  • Construction: CBS, Stucco
  • Gated Community YN: No
  • Guest Accommodations: No
  • Roof: Composition
  • Roof Description: Composition
  • Subdiv Amenities: None
  • Patio And Porch Features: Deck
Interior Features
  • Baths Total: 3
  • Column Description: CBS, Stucco
  • Cooling: Ceiling Fan(s), Central Air
  • Flooring: Linoleum, Tile
  • Heating: Central
  • Heating Description: Central
  • Num Floors: 1
  • Numof Units: 4
  • PatioFeatures: Deck
Multi Family
Multi Family Information
  • Number of Stories: 1.0
  • Unit Count: 4
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
  • Other Equipment: Air Conditioning Unit
  • Parking Features: Parking Space
  • Actual Rent: $1.00
  • Baths Full: 2
  • Beds Total: 4
  • Furnished: Unfurnished
  • SqFt: 2259.0
Unit 2
  • Parking Features: Open Parking
  • Actual Rent: $1.00
  • Baths Full: 1
  • Beds Total: 1
  • Furnished: Unfurnished
  • SqFt: 629.0
Unit 3
  • Actual Rent: $.00
  • SqFt: 0.0
Unit 4
  • Actual Rent: $.00
  • SqFt: 0.0
Rental
Rental Information
  • DXORIGMLNO: RML
  • Pets on Premises: Yes
  • Pets On Premises YN: Yes
  • Possession Information: Close Of Escrow
  • Rental Price/SqFt: $177.07
  • Tenant Pays: Cable TV, Electricity, Water

Property History for 7880 Terrace Road

DateEvent & SourcePriceAppreciation
Mar 15, 2023

Sold (Public Record)

Public Record #1507843588

$338,000
Mar 15, 2023

Sold

Beaches MLS #R10828317

$338,000
Dec 31, 2022

Pending

Beaches MLS #R10828317

DateEvent & SourcePrice
03/15/2023

Sold (Public Record)

Public Record #1507843588

$338,000
03/15/2023

Sold

Beaches MLS #R10828317

$338,000
12/31/2022

Pending

Beaches MLS #R10828317

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

Public Records for 7880 Terrace Road

Taxable ValueLand$142,576Additions$161,408Total$303,984
Tax Record2025$5,592 ($466 / month)
Home Facts
Beds3Baths3Total Finished SqFt1,486 SqFtAbove Grade Finished SqFt1,486 SqFtStories1Lot Size10,006 SqFtStyleSingle Family ResidenceYear Built1954Year Renovated1961ZoningRMCountyPALM BEACHAPN00-43-45-10-07-000-1120

Schools near 7880 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 7880 Terrace Road, Lantana, FL 33462
$338,000
5
3
2,259
10,018
1
1
442
5,001
$25,000
3
608
$117,000
2
1,784
10,006
$160,000
3
1,088
4,791
$470,000
2
1,872
7,501

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Arena and Company

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.