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Elevate Realty
4537 Coconut Road, Lake Worth, FL 33461
- $1,600,000
- 3,920
- SqFt
- List Price
- $1,600,000
- Price Change
- ▼ $100,000 1791230807
- Days on Market
- 127
- MLS#
- B26035010
- Sq. Ft
- 3,920
- Subtype
- Quadruplex
- County
- Palm Beach
- Subdivision
- Palm Beach Farms Co 7
- Year Built
- 1979
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. 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.
Additional Information
- Pets Allowed
- No Pet Restrictions, Pet Restrictions, Yes
- Construction
- Concrete, Stucco
- Cooling
- Central Air
- Equipment
- None
- Flooring
- Tile
- Heating
- Central
- Restrict
- NoRestrictions, OkToLease
- Roof
- Composition
- Taxes
- $13,715
- Utilities
- Electricity Available, Water Available
- Private Pool
- Yes
- Amenities
- Sidewalks
- Waterfront
- None
- Stories
- 1
- Acres
- 0.80
- Price Per Sqft
- $408
- Elementary School
- Starlight Cove
- Middle School
- Tradewinds
- High School
- Lake Worth
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Listing courtesy of Three Palms Realty. Contact:
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Sandro Marcel Herrera | Email: sherrera@threepalmsrealty.com