4537 Coconut Road, Lake Worth, FL 33461
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
Listed by: sandro marcel herrera
Office: three palms realty561-316-8711
MLS#:B26035010
Source:SEFMLS
Price summary
- Price:$1,700,000
- Price per sq. ft.:$433.67
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....
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Home facts
- Year built:1979
- Listing ID #:B26035010
- Updated:June 23, 2026 at 12:06 PM
Rooms and interior
- Flooring:Tile
- Living area:3,920 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1979
- Building area:3,920 sq. ft.
- Lot Features:Oversized Lot
- Architectural Style:Fourplex, One Story
- Exterior Features:Courtyard, Patio, Room For Pool, Storm Security Shutters
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Lake Worth
- Middle school:Tradewinds
- Elementary school:Starlight Cove
Utilities
- Water:Public, Water Available
- Sewer:Septic Tank
Finances and disclosures
- Price:$1,700,000
- Price per sq. ft.:$433.67
- Tax amount:$13,715 (2025)
Features and amenities
- Pool features:Concrete, Gunite, Pool
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