4537 Coconut RD, Lake Worth, FL 33461
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4537 Coconut RD, Lake Worth, FL 33461
4537 Coconut RD, Lake Worth, FL 33461
4537 Coconut RD, Lake Worth, FL 33461
4537 Coconut RD, Lake Worth, FL 33461
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Moe Banderas

Moe Banderas

+1(305) 992-5947
$ 1,700,000
Est. payment /mo
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Active

4537 Coconut RD Lake Worth, FL 33461

3,920 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 3,920 sqft

Price per Sqft $433

Subdivision Palm Beach Farms Co 7

MLS Listing ID B26035010

Style One Story,Fourplex

HOA Y/N No

Leases Per Year 12

Year Built 1979

Annual Tax Amount $13,715

Tax Year 2025

Lot Size 0.795 Acres

Acres 0.7955

Property Sub-Type Condominium

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. 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.

Location

State FL

County Palm Beach

Community Palm Beach Farms Co 7

Area 5700

Direction I95 TO 6TH AVE - WEST TO COCONUT - NORTH ON COCONUT TO 4537

Interior

Interior Features Main Living Area Entry Level

Heating Central

Cooling Central Air

Flooring Tile

Exterior

Exterior Feature Courtyard, None, Patio, Room For Pool, Storm/Security Shutters

Pool Concrete, Gunite, Pool

Utilities Available Electricity Available, Water Available

Amenities Available Pool

Roof Type Composition

Street Surface Paved

Porch Patio

Private Pool Yes

Building

Lot Description <1 Acre, Oversized Lot

Story 1

Foundation Slab

Sewer Septic Tank

Water Public

Architectural Style One Story, Fourplex

Level or Stories One

Schools

Elementary Schools Starlight Cove

Middle Schools Tradewinds

High Schools Lake Worth

Others

Pets Allowed No Pet Restrictions

HOA Name Three Palms Realty L

Senior Community No

Restrictions No Restrictions

Tax ID 00434430010750010

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA 203(k), FHA, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA 203(k), FHA, VA Loan

Special Listing Condition Listed As-Is

Pets Allowed No Pet Restrictions

Virtual Tour https://www.propertypanorama.com/4537-Coconut-Road-Lake-Worth-FL-33461/unbranded

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Three Palms Realty
Moe Banderas

Moe Banderas

Real Estate Consultant | License ID: 3358084

+1(305) 992-5947

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4537 Coconut RD