4614 Gulfstream Road, Lake Worth, FL 33461

Lake Worth
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
4614 Gulfstream Road,Lake Worth, FL 33461
$1,250,000
Virtual Tour
  • - Beds
  • - Baths
  • 16,281 sq. ft.
  • Multi-family
  • Active
Listed by: brett a colby
Office: re/max direct
MLS#:B26089883
Source:RMLS

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$76.78

About this home

Bring your vision to unincorporated Lake Worth! A compelling opportunity for investors, builders, and developers to acquire 1.83 acres in the heart of Lake Worth, Florida, with the potential for a 20-unit multifamily development. This property offers a head start for future development, with several key approvals previously secured, significantly advancing the preliminary planning process. Zoning, water utility, right-of-way, drainage, and Health Department permits have already been previously approved, providing a valuable foundation for the next phase of development. Completed building plans are also available and attached to the MLS, offering additional value and a head start for prospective developers. The proposed unit mix consists of 17 two-bedroom, two-bathroom units and 3 one-bedroom, one-bathroom units. Based on comparable rental rates, the projected rental income could reach approximately $44,500 per month, or $534,000 annually, assuming all 20 units are rented at the...

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Home facts

  • Year built:1948
  • Subdivision & Development:Covenant Villas
  • Listing ID #:B26089883
  • Added:24 day(s) ago
  • Updated:November 12, 2026 at 05:45 PM

Rooms and interior

  • Living area:16,281 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1948
  • Building area:16,281 sq. ft.
  • Lot area:1.83 Acres
  • Levels:1 Story

Schools

  • High school:Lake Worth
  • Middle school:Tradewinds
  • Elementary school:Starlight Cove

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$76.78
  • Tax amount:$9,362 (2025)

Parking

  • Total parking spaces:2
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. RMLS Member Broker: Gene Whiddon III <gwhiddon@bhgfirst.com>

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