Incredibly rare nearly turnkey light fixer upper CBS-constructed home in one of the most rapidly appreciating pockets of Palm Beach County. The owner’s early retirement offers you the unique opportunity to secure this well-maintained residence at an unheard of price in this market. Some light TLC may be needed, but little to no major issues with huge built-in upside. So what makes this place so special? 1) Priced as a 2 bed. Currently configured as a 2/1, but county records reflect a 3/1 layout. Easily convertible back to a 3 bedroom for instant value-add and increased resale or rental income. 2) Attached 1-car garage with dedicated laundry area. 3) Impact windows and doors throughout, providing energy-efficiency and storm-readiness. 4) Large private fenced-in yard, ideal for pets, outdoor entertaining, or simply enjoying your own slice of Florida sunshine. 5) Lowest price per sq ft in the area: unmatched value with major equity potential baked in. 6) Fantastic location close to shopping and entertainment, and only 10 minutes to the beach. This property offers the best of both worlds: a solid structure with livability and clear paths to increased equity. Whether you're an investor looking for a quick turnaround / rental income or a future homeowner wanting to create custom value, this one checks all the boxes. Roof may require a few internal repairs, such as replacing roof trusses affected by termite damage. Investor notes: LTR: 1,400 /mo current (lease ending in May), 2,200 /mo potential w/o updates, 2,500 /mo if converted back to a 3 bed. Very little nearby competition. STR: 40k gross /yr, at only half year occupancy. Easy to show. No HOA/CDD. Feel free to soft pitch before writing anything up. Ask me anything, big or small. If this is “NOT ON MY MLS,” disclosures and MLS info sheet available. No assignable contracts accepted.
For sale
Price cut: $2K (5/2)
$274,000
1263 W 27th St, Riviera Beach, FL 33404
3beds
1,048sqft
Est.:
Single Family Residence
Built in 1968
8,210 Square Feet Lot
$270,600 Zestimate®
$261/sqft
$-- HOA
What's special
Large private fenced-in yardDedicated laundry areaImpact windows and doors
- 89 days
- on Zillow |
- 893 |
- 43 |
Zillow last checked: 7 hours ago
Listing updated: June 09, 2025 at 06:54pm
Listing Provided by:
Alexander Izikson 781-996-9676,
RICHARD PETERS REALTY LLC 352-448-9712
Source: Stellar MLS,MLS#: TB8376729
Originating MLS: Suncoast Tampa

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Features: Built-in Closet
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Electric
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Dishwasher, Electric Water Heater, Range, Refrigerator
- Laundry: Electric Dryer Hookup, In Garage, Washer Hookup
Features
- Ceiling Fan(s), Primary Bedroom Main Floor
- Flooring: Carpet, Tile, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 1,360
- Total interior livable area: 1,048 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached
- Attached garage spaces: 1
Features
- Levels: One
- Stories: 1
- Exterior features: Garden
Lot
- Size: 8,210 Square Feet
Details
- Parcel number: 56434229150270121
- Zoning: RS8
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block, Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1968
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: MONROE HEIGHTS
HOA
- Has HOA: No
- Pet fee: $0 monthly
Location
- Region: Riviera Beach
Financial & listing details
- Price per square foot: $261/sqft
- Tax assessed value: $189,095
- Annual tax amount: $3,070
- Date on market: 4/21/2025
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt
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