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Susan Larkin

susan.larkin@engelvoelkers.com +1(781) 801-5885

$ 1,700,000

Est. payment -/mo

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4537 Coconut RD Lake Worth, FL 33461

3,920 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

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

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 3920

Year Built 1979

Annual Tax Amount $13,715

Tax Year 2025

Lot Size 0.800 Acres

Acres 0.8

Property Sub-Type Quadruplex

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 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.

Location

State FL

County Palm Beach

Community Sidewalks

Area 5700

Zoning RM

Interior

Interior Features InteriorFeatures

Heating Central

Cooling Central Air

Flooring Tile

Equipment None

Fireplace No

Laundry None

Exterior

Exterior Feature Courtyard, None, Outdoor Living Area, Uncovered Courtyard, Room For Pool

Fence None

Pool Concrete, Gunite

Community Features Sidewalks

Utilities Available Electricity Available, Water Available

Waterfront Description None

Water Access Desc Public

Roof Type Composition

Street Surface Asphalt,Paved

Accessibility None

Porch Patio

Road Frontage City Street

Total Parking Spaces 10

Private Pool Yes

Building

Lot Description None, Oversized Lot

Dwelling Type Multi Family,Quadruplex

Story 1

Entry Level One

Foundation Slab

Sewer Septic Tank

Water Public

Level or Stories One

New Construction No

Construction Status Resale

Schools

Elementary Schools Starlight Cove

Middle Schools Tradewinds

High Schools Lake Worth

Others

Senior Community No

Restrictions No Restrictions

Tax ID 00434430010750010

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, Private Financing Available, USDA Loan, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, Private Financing Available, USDA Loan, VA Loan

Special Listing Condition Standard, Listed As-Is

Pets Allowed No Pet Restrictions, Pet Restrictions, Yes

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

Listed by Sandro Marcel Herrera Three Palms Realty

NEARBY SCHOOLS & PROPERTIES

Susan Larkin

Advisor | License ID: SL3570527

+1(781) 801-5885

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