$1,700,000Active

4537 Coconut Road, Lake Worth, FL 33461

Lake Worth, FL 33461

3,920

Sq Ft

$434

$/Sq Ft

1979

Year Built

0.8 acres

Lot Size

Listing Snapshot

List Price	$1,700,000
Price / Sq Ft	$434
Beds	0
Baths	0
Living Area	3,920 sqft
Lot Size	0.8 acres

Year Built	1979
Property Tax	$13,715.78/yr
MLS #	1171673088
Status	Active

About This Home

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.

General Features

Property Type: ResidentialIncome
Sub-type: Quadruplex
Stories: 1
Parking Spaces: 10
Foundation: Slab
Zoning: RM
Utilities: ElectricityAvailable,WaterAvailable
Subdivision: PALM BEACH FARMS CO 7

Interior Features

Flooring: Tile
Heating: Central
Cooling: CentralAir
Laundry: None

Exterior Features

Exterior Features: Courtyard,None,OutdoorLivingArea,UncoveredCourtyard,RoomForPool
Roof: Composition
Lot Features: None,OversizedLot
Patio / Porch: Patio
Fencing: None
Pool: Yes
Pool Features: Concrete,Gunite
Waterfront: No
Waterfront Features: None