$1,700,000
Lake Worth, FL 33461
MLS# B26035010
3920 sqft
1 / 56
Property Description
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 - Ideal for easy conversion to four Starter houses for young couples. 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.
Details
Maps
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: No
Seller Represented YN: Yes
Listing Date: 2026-05-31
Status: Active
Original List Price: 1700000
List Price: $1,700,000
Current Price: $1,700,000
Listing Service: Full Service
Location and Legal
County Or Parish: Palm Beach
Municipality Type: Unincorporated
Municipal Code: 00
Geographic Area: PB17
Subdivision Number: 1
Multiple Offers Accepted: Yes
Special Assessment YN: No
Flood Zone: X
Country: United States
Street Number: 4537
Street Name: Coconut
Street Suffix: Road
State Or Province: FL
Postal Code: 33461
Postal Code +4: 5153
Subdivision Name: PALM BEACH FARMS CO 7
Area: 5700
Elementary School: Starlight Cove
Middle Or Junior School: Tradewinds
High School: Lake Worth
Parcel Number: 00434430010750010
Zoning: RM
Directions: I95 TO 6TH AVE - WEST TO COCONUT - NORTH ON COCONUT TO 4537
General Property Information
Number Of Units Total: 4
Adjusted Area Main: 3920
Living Area Main: 3920
Living Area Source: Public Records
Accessibility Features YN: No
Gated Community YN: No
Parking Total: 10
Lot Size Area: 34650
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Land Lease YN: No
Recreation Lease YN: No
Stories Total: 1
Stories: 1
Pool Private YN: Yes
Spa YN: No
LP/Assessed Value: 2.72
Property Sub Type: Quadruplex
Building Area Main: 3920
Building Area Source: Other
Year Built: 1979
Lot Size Acres: 0.8
Financial Information
Application Required YN: No
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 0
Tax Assessed/SOH Value: 624029
Assessor Market Value: 869769
Tax Annual Amount: 13715.78
Tax Year: 2025
Tax Legal Description: PALM BEACH FARMS CO PL 7 LT B (LESS NLY 26.14 FT) BLK 75
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Back on Market Date: 2026-06-11
Major Change Timestamp: 2026-06-11T19:28:20Z
Major Change Type: New Listing
Status Change Date: 2026-06-11
Electric
150 Amp Service: 1
Exterior Features
None: 1
Flooring
Tile: 1
Foundation Details
Slab: 1
Leasing Permitted Details
Leasing Permitted YN: Yes
Okay To Lease: 1
Property Condition
Resale: 1
Special Information
Sold As-Is: 1
Special Listing Conditions
Standard: 1
Co-Ownership
Property Management YN: Yes
Property Management Name: Three Palms Realty LLC
Property Management Phone: 561--316-8711
Property Management Email: info@threepalmsrealty.com
Documents Available
Copy Of Lease(s): 1
Deposit Held: 1
Rent Rolls: 1
Service Contracts: 1
Fencing
None: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Gas Meters YN: No
Separate Water Meters YN: No
Number Of Meters Total: 6
Number Of Separate Electric Meters: 6
Structure Type
Multi Family: 1
Quadruplex: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Water: 1
Possession
Close Of Escrow: 1
Qualifying Requirements
Minimum % Down: 5
Sewer
Septic Tank: 1
Utilities
Electricity Available: 1
Water Available: 1
Heating
Central: 1
Sprinkler Description
None: 1
Leasing Restrictions
Leasing - Max Times Per Year: 12
Leasing - Minimum Number of Days: 1
Water Access
None: 1
Construction Materials
Concrete Block - With Stucco: 1
Laundry Features
None: 1
Levels
One: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
FHA: 1
Private Financing Available: 1
USDA Loan: 1
VA Loan: 1
Lot Features
Oversized Lot: 1
Room for Pool: 1
Sidewalks: 1
Other Equipment
None: 1
Pool Features
Concrete: 1
Gunite: 1
Road Frontage Type
City Street: 1
Road Responsibility
Public Maintained Road: 1
Road Surface Type
Asphalt: 1
Paved: 1
Roof
Composition: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 7400
Boat and Dock Information
Dock: No
Cooling
Central Air: 1
Showing Requirements
Listing Agent Must Accompany: 1
No Appointment: 1
Occupied: 1
Text Listing Agent: 1
Main Living Area
Entry Level: 1
Pets Allowed YN
Yes: 1
Pets Allowed
No Restrictions: 1
Pet Restrictions Possible: 1
Pet Details
Pet Fee YN: No
Restrictions
No Restrictions: 1
Storm Protection
Accordian Shutters: Partial
Storm Protection Details
None: 1
Tax Information
No Homestead: 1
Outdoor Living Spaces
Courtyard: 1
Patio: 1
Courtyard Details
Courtyard - Open: 1
Patio Details
Patio - Open: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 1800
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 980
Unit 1 Interior Features
Split Bedroom Plan: 1
Unit 1 Lease Description
Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2024-12-01
Occupant Type: Tenant
Unit 1 Other Equipment
Air Conditioning Unit: 1
Smoke Detector(s): 1
Unit 1 Parking Details
Carport YN: No
Garage YN: No
Unit 1 Parking Features
Parking Space: 1
Unit 1 Rooms
Kitchen: 1
Unit 2 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Unit 2 Details
Actual Rent: 1800
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 980
Unit 2 Interior Features
Split Bedroom Plan: 1
Unit 2 Lease Description
Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2024-12-01
Occupant Type: Tenant
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Details
Carport YN: No
Garage YN: No
Unit 2 Parking Features
Parking Space: 1
Unit 2 Rooms
Kitchen: 1
Unit 3 Appliances
Range: 1
Refrigerator: 1
Unit 3 Details
Actual Rent: 1650
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 980
Unit 3 Lease Description
Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-06-30
Occupant Type: Tenant
Unit 3 Other Equipment
Smoke Detector(s): 1
Unit 3 Parking Details
Carport YN: No
Garage YN: No
Unit 3 Parking Features
Parking Space: 1
Unit 3 Patio/Porch
Patio/Porch: 1
Unit 3 Rooms
Kitchen: 1
Unit 4 Appliances
Range: 1
Refrigerator: 1
Unit 4 Details
Actual Rent: 1850
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 980
Unit 4 Lease Description
Currently Leased YN: No
Occupant Type: Tenant
Unit 4 Other Equipment
Smoke Detector(s): 1
Unit 4 Parking Details
Carport YN: No
Garage YN: No
Unit 4 Parking Features
Open Parking: 1
Unit 4 Patio/Porch
Patio/Porch: 1
Unit 4 Rooms
Kitchen: 1
Price Calculations
Current Price To SqFt: 433.67
Acreage Description
1/2 To Less Than 1 Acre Lot: 1
Less Than 1 Acre Lot: 1
Originating Details
Originating System Key: 20260526164726145254000000
Originating System ID: M00000170
Property Features
Documents Available: Copy Of Lease(s); Deposit Held; Rent Rolls; Service Contracts
Electric: 150 Amp Service
Exterior Features: None
Fencing: None
Flooring: Tile
Foundation Details: Slab
Leasing Permitted Details: Okay To Lease
Property Condition: Resale
Special Listing Conditions: Standard
Structure Type: Multi Family; Quadruplex
Tenant Pays: Cable TV; Electricity; Water
Construction Materials: Concrete Block - With Stucco
Cooling: Central Air
Heating: Central
Laundry Features: None
Levels: One
Listing Terms: 1031 Exchange; Cash; Conventional; FHA; Private Financing Available; USDA Loan; VA Loan
Lot Features: Oversized Lot; Room for Pool; Sidewalks
Main Living Area: Entry Level
Other Equipment: None
Pets Allowed YN: Yes
Pets Allowed: No Restrictions; Pet Restrictions Possible
Pool Features: Concrete; Gunite
Possession: Close Of Escrow
Restrictions: No Restrictions
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road
Road Surface Type: Asphalt; Paved
Roof: Composition
Sewer: Septic Tank
Special Information: Sold As-Is
Sprinkler Description: None
Storm Protection Details: None
Tax Information: No Homestead
Utilities: Electricity Available; Water Available
Water Access: None
Water Source: Public
Showing Requirements: Listing Agent Must Accompany; No Appointment; Occupied; Text Listing Agent
Outdoor Living Spaces: Courtyard; Patio
Courtyard Details: Courtyard - Open
Patio Details: Patio - Open
Unit 1 Appliances: Range; Refrigerator
Unit 1 Interior Features: Split Bedroom Plan
Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s)
Unit 1 Parking Features: Parking Space
Unit 1 Rooms: Kitchen
Unit 2 Appliances: Microwave; Range; Refrigerator
Unit 2 Interior Features: Split Bedroom Plan
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: Parking Space
Unit 2 Rooms: Kitchen
Unit 3 Appliances: Range; Refrigerator
Unit 3 Other Equipment: Smoke Detector(s)
Unit 3 Parking Features: Parking Space
Unit 3 Rooms: Kitchen
Unit 4 Appliances: Range; Refrigerator
Unit 4 Other Equipment: Smoke Detector(s)
Unit 4 Parking Features: Open Parking
Unit 4 Rooms: Kitchen
Acreage Description: 1/2 To Less Than 1 Acre Lot; Less Than 1 Acre Lot
Supplements
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. Walk to Kennedy Hospital and Broward Community College. 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.
Listing Office: Three Palms Realty
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.
