$650,000
Lake Worth, FL 33461
MLS# B26078789
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Property Description
Rare development opportunity in Lake Worth Beach. 0.91 acre multifamily development site with an approved site plan for a 10-unit, 2-story multifamily residential project. The property is zoned RM (Medium Density Multifamily) with Future Land Use MR-5 and allows a variety of residential development strategies. Approved plans include 10 residential units, 23 parking spaces, recreation area, and site infrastructure already designed, significantly reducing entitlement timeline and development risk. This project offers multiple potential exit strategies for developers and investors, including building the approved 10-unit multifamily rental project, redesigning into townhomes for individual sale, or exploring alternative residential configurations within the existing zoning.
Details
Maps
Contract Information
Comp Sale YN: No
LP/Acre: 714285.71
LP/Frontage: 2480.92
Listing Date: 2026-09-21
Status: Active
Original List Price: 650000
List Price: $650,000
Current Price: $650,000
Listing Service: Full Service
Location and Legal
County Or Parish: Palm Beach
Municipality Type: Unincorporated
Municipal Code: 00
Geographic Area: PB17
Subdivision Number: 0
Flood Zone: X
County Land Use: 00
Country: United States
Street Number: 4160
Street Name: 42ND
Street Suffix: Avenue
Street Direction Suffix: S
State Or Province: FL
Postal Code: 33461
Subdivision Name: N/A
Area: 5700
Elementary School: Diamond View
Middle Or Junior School: Tradewinds
High School: Lake Worth
Parcel Number: 00424425000001040
Zoning: RM-5
General Property Information
Transaction Type: Listing For Sale
Lot Depth: 151
Property Description: VACANT RESIDENTIAL
Lot Frontage: 262
LP/SqFt: 16.4
Property Sub Type: Unimproved Land
Lot Size Acres: 0.91
Lot Size Square Feet: 39639.6
Waterfront YN: 1
Financial Information
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 0
Membership Fee Required YN: No
Tax Year: 2025
Tax Annual Amount: 3893.19
Tax Legal Description: 25-44-42~ E 1/2 OF W 1/2 OF SW1/4 OF NE 1/4 OF NE 1/4 (LESS S 340 FT~ N 70 FT CNL & W 15 FT 42ND AVE S R/W)
Office/Member Information
DXORIGMLSID: RML
Special Listing Conditions
Standard: 1
Documents Available
Plans: 1
Soil Boring Test: 1
Survey: 1
Fencing
None: 1
Current Use
Multi-Family: 1
Development Status
Site Plan Approved: 1
Environmental Audit
None: 1
Possession
Close Of Escrow: 1
Possible Use
Multi-Family: 1
Sewer
Public Sewer: 1
Utilities
Electricity Available: 1
Sewer Available: 1
Water Available: 1
Listing Terms
Cash: 1
Conventional: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Water Source
Public: 1
Tax Information
County Only: 1
Elevation Description
0-5 Feet Above Sea Level: 1
Acreage Description
1/2 To Less Than 1 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-09-21T18:27:57Z
Major Change Type: New Listing
Status Change Date: 2026-09-21
Originating Details
Originating System Key: 20260921180235825168000000
Originating System ID: M00000170
Property Features
Current Use: Multi-Family
Development Status: Site Plan Approved
Documents Available: Plans; Soil Boring Test; Survey
Environmental Audit: None
Fencing: None
Possession: Close Of Escrow
Possible Use: Multi-Family
Sewer: Public Sewer
Special Listing Conditions: Standard
Utilities: Electricity Available; Sewer Available; Water Available
Listing Terms: Cash; Conventional
Road Frontage Type: City Street
Road Surface Type: Paved
Tax Information: County Only
Water Source: Public
Elevation Description: 0-5 Feet Above Sea Level
Acreage Description: 1/2 To Less Than 1 Acre Lot; Less Than 1 Acre Lot
Listing Office: Partnership Realty Inc.
Last Updated: November - 05 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
