4812 Coconut Rd,LAKE WORTH, FL 33461
LAKE WORTH, FL 33461
Description
One or more photo(s) has been virtually staged, AI generated or rendered. APPROXIMATELY ONE ACRE. MULTIFAMILY ZONING. BUILD YOUR NEXT INVESTMENT. With no HOA, multiple development options, and an existing home offering potential rental income while you build, this property gives investors flexibility to pursue their next project. Per the County Planning Division, MF zoning permits 8 dwelling units per acre, with the opportunity to increase density to 12 units per acre through the purchase of additional transferable development rights (TDRs). Explore duplexes, triplexes, quadplexes, or divide the land into individual single-family lots. A maximum building height of 35 feet may accommodate three stories, depending on architectural design. The existing 3-bedroom, 2-bath home offers approximately 2,132 square feet of living space and a unique layout offering the potential to convert the existing home into a duplex or triplex. Plumbing hookup is ready for a third bathroom. The roof, AC Unit, Electrical panel and water heater are 2 years old. Plumbing has been updated to PVC, there is a generator hookup and a 2 car garage with impact doors. Offered for its land and development value and location. Located minutes from Lake Worth Beach and Pier, Downtown Lake Worth Beach for dining, arts and festivals, near Palm Beach International Airport, JFK Medical Center, Palm Beach College, John Prince Park, Lake Osborne and Wellington Equestrian Area.
Details
| MLS # | 226040103 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 8 |
| Listing Provided By | LPT Realty, LLC | Yasmeen Davis |
Features
| Acreage | 0.99 |
|---|---|
| Water Front | Yes |
| Property View | Yes |
Interior
| Fireplace Yes / No | No |
|---|
Exterior
| Lot Features | Oversize, See Remarks |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Septic Tank |
Taxes
| Tax Annual Amount | 1919 |
|---|---|
| Tax Block | 106 |
| Tax Legal Description | PALM BEACH FARMS CO PLAT NO 7 LT C BLK 106 |
| Tax Year | 2025 |
Area Information
| State | FL |
|---|---|
| County | Palm Beach |
| City | LAKE WORTH |
| Zip Code | 33461 |
| Area | NOT APPLICABLE |
| Community Name | NOT APPLICABLE |
| Listing VS Median (in NOT APPLICABLE) | |
Price: $1,600,000 low | high Med: $300,000 On site: 8 low | high Med: 13 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Palm Beach |
| City | LAKE WORTH |
| Zip Code | 33461 |
| Area | NOT APPLICABLE |
| Community Name | NOT APPLICABLE |
| Listing VS Median (in NOT APPLICABLE) | |
Price: $1,600,000 low | high Med: $300,000 On site: 8 low | high Med: 13 | |