$650,000
Lake Worth, FL 33463
MLS# R11137083
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![Site Plan PSP-1[5]](https://cdn.photos.sparkplatform.com/fl/20251104191244901393000000-o.jpg "Photo for 4160 42nd Avenue S, Lake Worth, FL 33463 - Listing #R11137083")
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
Owner Phone: 5615285104
Negotiable Seller Concessions YN: Yes
LP/Acre: 714285.71
LP/Frontage: 2480.92
Listing Date: 2025-10-29
Status: Active
Original List Price: 689000
List Price: $650,000
Current Price: $650,000
Listing Service: Full Service
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Lake Worth
Postal Zip: 33463
Geographic Area: PB17
Multiple Offers Accepted: Yes
Country: United States
Street Number: 4160
Street Name: 42nd
Street Suffix: Avenue
Street Direction Suffix: S
State Or Province: FL
Postal Code: 33463
Subdivision Name: N/A
Area: 5700
Elementary School: Diamond View
Middle Or Junior School: Tradewinds
High School: Lake Worth
Parcel Number: 00424425000001040
Zoning: RM—MULTI-FAMILY
Directions: From I-95, take the 10th Avenue North exit and head west.Turn left (south) onto Kirk Road. Turn right onto 42nd Avenue South — the property will be on your right-hand side, just west of Kirk Road
General Property Information
Transaction Type: Listing For Sale
Lot Size Dimensions: 262x151
Lot Depth: 151
Lot Frontage: 262
LP/SqFt: 16.33
Property Sub Type: Unimproved Land
Lot Size Acres: 0.91
Lot Size Square Feet: 39795
Direction Faces: South
Financial Information
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 0
Membership Fee Required YN: No
Tax Year: 2025
Tax Annual Amount: 3890
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
Documents Available
Building Plan: 1
Plans: 1
Soil Boring Test: 1
Survey: 1
Current Use
Multi-Family: 1
Development Status
Raw Land: 1
Site Plan Approved: 1
Environmental Audit
None: 1
Location of Property
County Location: 1
Possession
Close Of Escrow: 1
Possible Use
Commercial: 1
Residential: 1
Qualifying Requirements
Minimum Credit Score YN: No
Sewer
Public Sewer: 1
Trees
Mostly Pines: 1
None: 1
Utilities
Sewer Available: 1
Water Available: 1
Vegetation
Grassed: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Cleared: 1
Road Responsibility
Public Maintained Road: 1
Road Surface Type
Paved: 1
Water Source
Public: 1
Showing Requirements
Call Listing Agent: 1
No Appointment: 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: 2026-03-17T17:03:55Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-03-17T17:03:55Z
Status Change Date: 2026-01-30
Originating Details
Originating System Key: 20251029212002171636000000
Originating System ID: M00000170
Property Features
Current Use: Multi-Family
Development Status: Raw Land; Site Plan Approved
Documents Available: Building Plan; Plans; Soil Boring Test; Survey
Environmental Audit: None
Location of Property: County Location
Possession: Close Of Escrow
Possible Use: Commercial; Residential
Sewer: Public Sewer
Trees: Mostly Pines; None
Utilities: Sewer Available; Water Available
Vegetation: Grassed
Listing Terms: Cash; Conventional
Lot Features: Cleared
Road Responsibility: Public Maintained Road
Road Surface Type: Paved
Tax Information: County Only
Water Source: Public
Showing Requirements: Call Listing Agent; No Appointment
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: July - 23 - 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.
