4537 Coconut Road, Lake Worth, FL, 33461
1979
3,920 sqft
LAND LAND LAND - Exceptional value-add investment opportunity in the heart of Lake Worth! Situated on an oversized nearly 0.80-acre lot, this income-producing property offers tremendous upside potential for investors, developers, and portfolio builders alike. Professionally managed and positioned on one of the area's largest residential parcels, the property provides ample room for future expansion, additional units, or redevelopment opportunities—potentially allowing occupancy to be doubled. All units have an additional "spare or flex" room good for an office or for a kid's room! A unique feature of the property is the existing buried swimming pool, which may be restored and brought back to life, creating additional value and tenant appeal. Adding to the property's long-term desirability, there are currently no future development plans for the lots directly north of the property, helping preserve privacy and open space. Conveniently located near I-95, Palm Beach International Airport, downtown Lake Worth Beach, and major employment centers, this property offers strong rental demand and excellent accessibility. Residents enjoy proximity to beautiful beaches, John Prince Park, golf courses, boating, shopping, dining, and entertainment. Just minutes away, downtown Lake Worth Beach features vibrant restaurants, art galleries, live music venues, breweries, and year-round community events. The nearby Lake Worth Beach Municipal Golf Course, waterfront parks, fishing piers, and Atlantic Ocean beaches provide endless outdoor recreation opportunities. Whether you're seeking immediate cash flow, future redevelopment potential, or a long-term hold in a rapidly growing Palm Beach County market, this property presents a rare opportunity with significant upside.
Status:
Active
Type:
Multi-family
Laundry Remarks:
None
Units:
4
Zoning:
RM
Subdivision:
PALM BEACH FARMS CO 7
Heating:
Central
Cooling:
Central Air
Levels:
1
Acreage:
0.8
Est. Taxes:
$13,716
Assessment
$624,029
Construction
Concrete Block - With Stucco
Utilities
Electricity Available, Water Available
Lot Description:
Room for Pool, Sidewalks, Oversized Lot
Elementary School:
Starlight Cove
Middle School:
Tradewinds
High School:
Lake Worth
Days on Market:
10
Pet Policy:
Yes, No Restrictions, Pet Restrictions Possible
Pool:
Gunite, Concrete
Owner Pays:
Cable TV, Electricity, Water
MLS #:
B26035010
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of Three Palms Realty 561-316-8711