3201 Drew Way, Palm Springs, FL 33406

$425,000

Virtual Tour

https://www.propertypanorama.com/3201-Drew-Way-Palm-Springs-FL-33406/unbranded

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,375 Status: Closed

Current Price: $425,000 List Date: 9/30/2021 Last Modified: 7/02/2026

Overview

Description

Opportunity Knocks!! This property sits on over 1/2 acre of land located in beautiful Palm Springs. This is a spectacular investment opportunity with an approximate 8% cap rate! There are 2 tenants in place leasing month to month and the 3rd tenants are leased until Feb 26th, 2022. The main house boast 2 bedrooms, 1 full bath plus a den that can be converted easily to a 3rd bedroom. The home also features a studio with its own private entrance, a kitchenette, and 3/4 bathroom. The Guest house has its own private parking space with plenty of room for a boat, truck or RV. Inside features a full kitchen overlooking a spacious living room, 1 bedroom, 1 full bath and an oversized mud room which could be used for storage or laundry/pantry. This beautiful lot has so much potential!

Listing Details MLS# R10748849

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 4
Bathrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Building Area Main: 2375
Building Area Source: Appraiser
Living Area Main: 1691
Year Built: 1954
Carport YN: Yes
Attached Carport YN: Yes
Carport Spaces: Yes
Covered Spaces: Yes
Gated Community YN: No
Senior Community YN: No
Stories Total: Yes
Stories: Yes
Direction Faces: South
Pool Private YN: No
Furnished: Unfurnished
Year Roof Installed: 2016

Property Features

Electric: Three Phase Flooring: Carpet; Laminate Guest House Features: 1 Bath; 1 Bedrooms; Kitchen; Living Room Parking Features: Covered; Attached Carport Property Condition: Resale Appliances: Dishwasher; Electric Range; Refrigerator Architectural Style: Ranch Construction Materials: CBS Cooling: Wall/Window Unit(s) Fencing: Fenced Heating: Window/Wall Interior Features: None Laundry Features: Inside; Laundry Closet; Washer Hookup Listing Terms: Cash; Conventional; FHA; VA Loan Membership: No Membership Available Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow Restrictions: No Restrictions Roof: Composition; Shingle Security Features: None Special Information: Sold As-Is Storm Protection Details: None Tax Information: No Homestead Utilities: Cable Available Water Access: None Showing Requirements: Call Listing Agent; Listing Agent Must Accompany; Occupied; Text Listing Agent Contingencies: Appraisal; Financing Room Types: Den; Kitchen; Laundry; Living Room; Master Bedroom; Other Acreage Description: 1/2 To Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 470000

Location and Legal

County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 3201
Street Name: Drew Way
City Name: Palm Springs
State Or Province: FL
Postal Code: 33406
Postal Zip: 33406
Subdivision Name: Drew Manor
Area: 5490
Geographic Area: PB21
Special Assessment YN: No
Parcel Number: 70434418010000180
Zoning: RS
Directions: I-95 to 10th Ave, West to Congress, North to Drew Way, turn left, second to last house on the right.

Financial Information

Association Deposit YN: No
Membership Fee Required YN: No
Tax Annual Amount: 6202
Tax Year: 2020
Tax Legal Description: DREW MANOR LT 18

Status Change Information

Major Change Timestamp: 2021-12-21T21:08:17Z
Major Change Type: Status Change
Status Change Date: 2021-12-21
Under Contract Date: 2021-10-21
Close Date: 2021-12-20
Close Price: 425000
Buyer Financing: Conventional

More Information

Guest House Area Details

Building Area Guest House: 651

Short Sale Details

Short Sale Addendum: No

Main Level Rooms

Main Level Bathrooms: 2
Main Level Bedrooms: 4

Concessions

Seller Concessions: No

Contributions

Buyer Contributions: No

Room Types

Kitchen Level: First
Living Room Level: First
Master Bedroom Level: First
Den: Yes
Kitchen: Yes
Laundry: Yes
Living Room: Yes
Master Bedroom: Yes
Other: Yes

Price Calculations

Current Price To SqFt: 251.33
Original List Price To Close Price: 1.1

Originating Details

Originating System Key: 20210929004159131154000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Amenities

None: Yes

Electric

Three Phase: Yes

Flooring

Carpet: Yes
Laminate: Yes

Guest House Features

1 Bath: Yes
1 Bedrooms: Yes
Kitchen: Yes
Living Room: Yes

Parking Features

Covered: Yes
Attached Carport: Yes

Property Condition

Resale: Yes

Fencing

Fenced: Yes

Possession

Close Of Escrow: Yes

Special Information

Sold As-Is: Yes

Utilities

Cable Available: Yes

Heating

Window/Wall: Yes

Water Access

None: Yes

Appliances

Dishwasher: Yes
Electric Range: Yes
Refrigerator: Yes

Construction Materials

CBS: Yes

Interior Features

None: Yes

Laundry Features

Inside: Yes
Laundry Closet: Yes
Washer Hookup: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Roof

Composition: Yes
Shingle: Yes

Security Features

None: Yes

Architectural Style

Ranch: Yes

Cooling

Wall/Window Unit(s): Yes

Showing Requirements

Call Listing Agent: Yes
Listing Agent Must Accompany: Yes
Occupied: Yes
Text Listing Agent: Yes

Master Bedroom/Bath

None: Yes

Membership

No Membership Available: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

No Restrictions: Yes

Restrictions

No Restrictions: Yes

Storm Protection Details

None: Yes

Tax Information

No Homestead: Yes

Contingencies

Appraisal: Yes
Financing: Yes

Acreage Description

1/2 To Less Than 1 Acre Lot: Yes

Room Information

Room Name	Length	Width	Level
Living Room	12.50	10.80	First
Kitchen	11.10	9.00	First
Master Bedroom	15.50	10.50	First
Other
Laundry
Den

Documents

Lead-Based Paint Disclosure ›

Seller's Disclosure ›

Listing Office: True Floridian Realty

Last Updated: July - 02 - 2026

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