Rare opportunity to own a historic spacious income generating property in the heart of Lake Park, just minutes from North Palm Beach. This beautifully maintained estate includes a generously sized single family home plus a detached two story guest house offering exceptional rental flexibility in one of the area's most rapidly transforming neighborhoods. The main residence offers approximately 3600 square feet and features four bedrooms, three full bathrooms, a dedicated laundry room, and a brand new roof installed in 2024. The open layout flows seamlessly into the gated backyard retreat complete with an inground pool, mature landscaping, and ample outdoor space for entertaining or relaxing. The detached guest house includes two private rental ready units. The ground floor features a full studio apartment with kitchenette and bathroom, and the upper level offers a complete one bedroom apartment with full kitchen, private living area, and separate entrance. This home is located just blocks from Northlake Boulevard and U S 1, where the highly anticipated Village Place mixed use redevelopment is set to ignite property values and reshape the local lifestyle landscape. Residents will enjoy close proximity to future retail, dining, and civic space, positioning this property as a strategic long term asset. Buyers may also benefit from federal tax incentives available for income producing properties. Under current tax law, eligible owners may deduct a portion of the purchase price through accelerated depreciation, potentially reducing W2 or all source taxable income. Consult your tax advisor for details. This is a rare chance to secure a high quality residence with built in income potential in one of Palm Beach County's most promising communities.