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For Sale
Listed on June 12, 2025

101 Lucerne Ave

$1,795,000
0 Beds
0 Baths
2,730 sqft
5 Parkings
Lot size
-
Annual Tax
$12,350
Occupancy
Tenant
Year Built
1945
Property type
Multifamily
#MLS
A11821345

Description

The Lucerne is a 5-unit Art Deco property featuring 4 studio apartments and a detached 2BD/2BA single-family home, offering privacy and flexibility for personal use or premium STR. Located just minutes from Palm Beach beaches, golf courses, downtown Lake Ave shops and dining, and the iconic Gulfstream Hotel, which is undergoing a $100M+ renovation expected to transform the area’s hospitality market. Zoned Downtown Commercial, this well-maintained property has zero deferred maintenance and all tenants on month-to-month leases, allowing for immediate repositioning. With strong income potential, value-add upside through interior upgrades, and versatile configurations for investors or owner-users, The Lucerne is a rare, high-demand opportunity in a booming market.

ONE Commercial LLC

Features & Details

Learn about the features and details of 101 Lucerne Ave

Property Details

  • Property Type
    Quadruplex
  • Living Area
    2,730 sqft
  • Year Built
    1945
  • Lot Size
    -
  • Stories
    -
  • Annual Tax
    $12,350.00
  • List Date
    6/12/2025
  • Updated
    10/2/2025
  • Last Checked
    Recent
  • MLS Number
    #A11821345
  • Brokerage
    ONE Commercial LLC
  • Postal Code
    33460
  • Area
    Palm Beach
  • City
    -

Additional Property Features

  • Occupancy
    Tenant
  • List Price
    $1,795,000.00
  • Unit Number
    -
  • Construction
    Block
  • Heating
    WallFurnace
  • Fireplaces
    -
  • Garage
    -
  • Parking Type
    No
  • Pets Allowed
    No
  • Air Conditioning
    Central Air, Wall Window Units
  • Elevator
    No
  • Locker
    No
  • Swimming Pool
    None
  • Patio
    No
  • Basement
    No
  • Den
    No
  • Central Vacuum
    No
  • Garage Type
    No

Additional Listing Information

  • Walk Score
    –
  • Property Manager
    -
  • Utilities Included
    None
  • Furnished
    No
  • Assessment Year
    2024
  • Assignment
    No
  • Extras Included
    None

Inside

  • Bedrooms & Baths
    0 Bed, 0 Bath
  • Ensuite
    Yes
  • Bathrooms
    0
  • Flooring
    Mixed

Price history

Learn about the price history of 101 Lucerne Ave

Virtual Tour

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Real estate trends

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Explore Palm Beach

Learn about the area around 101 Lucerne Ave

Mortgage Calculator
Estimate monthly payments for 101 Lucerne Ave
$0
20.0%
$1,795,000
1%
5.25%
10%
Estimated Monthly Payment

$8,605

Cash Flow Analysis
Mortgage Payment:
$8,605.2
Monthly Payment:
$9,634.36
Break Even Down Payment:
100%
Cash Flow
$0
Disclaimer: This calculator provides estimates for informational purposes only. Consult a financial advisor for personalized advice.

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About this property

Discover this beautiful quadruplex in the heart of Bryant Park. This well-appointed property offers 2,730 square feet of living space. Originally built in 1945. Offered at $1,795,000.00 Don't miss this opportunity to own in one of the area's most desirable locations.

FAQs About 101 Lucerne Ave

Miami Association of REALTORS®
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.
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101 Lucerne Ave