4160 42nd Avenue
Lake Worth, FL 33461
0.91Acre(Lot)
Rare development opportunity in Lake Worth Beach. 0.91 acre multifamily development site with an approved site plan for a 10-unit, 2-story multifamily residential project. The property is zoned RM (Medium Density Multifamily) with Future Land Use MR-5 and allows a variety of residential development strategies. Approved plans include 10 residential units, 23 parking spaces, recreation area, and site infrastructure already designed, significantly reducing entitlement timeline and development risk. This project offers multiple potential exit strategies for developers and investors, including building the approved 10-unit multifamily rental project, redesigning into townhomes for individual sale, or exploring alternative residential configurations within the existing zoning.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Heating & Cooling
Water front: 1
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Lot Information
Lot Size Acres: 0.91 Lot Size Square Feet: 39,640Property Information
Subdivision: N/A Source Property Type: Land MLS Area Minor: PB17 Property SubType: Unimproved Land
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Listing Price Information
Listing Price: $650000Cash, Conventional
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Tax Information
Parcel Number: 00424425000001040 Tax Year: 2025 Annual Tax: $3893.19 Tax Legal Desc: 25-44-42~ E 1/2 OF W 1/2 OF SW1/4 OF NE 1/4 OF NE 1/4 (LESS S 340 FT~ N 70 FT CNL & W 15 FT 42ND AVE S R/W)
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School Information
Elementary School: Diamond View Junior High School: Tradewinds Senior High School: Lake Worth -
Utility Information
ElectricityAvailable, SewerAvailable, WaterAvailable -
Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 4309 Gulfstream Road, Lake Worth, FL, 33461 | $1,995,000 | -- | -- | -- | Acres (Lot)-- |
| 4614 Gulfstream Road, Lake Worth, FL, 33461 | $1,300,000 | -- | -- | -- | Acres (Lot)-- |
| XXX Patio Court, Lake Worth, FL, 33461 | $220,000 | -- | -- | -- | Acres (Lot)-- |
| 2806 10th Avenue, Lake Worth, FL, 33461 | $280,000 | -- | -- | -- | Acres (Lot)-- |
| 4137 Gulfstream Road, Lake Worth, FL, 33461 | $625,000 | -- | -- | -- | 1.46 Acres(Lot) |
| 5321 Maine Street, Lake Worth, FL, 33461 | $2,600,000 | -- | -- | -- | Acres (Lot)-- |
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Nearby For Sale
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ByOwner last updated this listing 09/26/2026 @ 09:38
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