Active

4537 Coconut Road

Lake Worth, FL 33461

$1,700,000 $7,167/Mo

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Overview

Bed

Bath

3,920

Sqft

0.80

Acre(Lot)

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 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 desirabilit y, 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.

Property Details

Property Type : ResidentialIncome

Price : $1,700,000

AD Id : 82374645

MLS Id : B26035010

Beds : 8

Lot Size : 0.80 Acre

Living Area Size : 3,920

Year Built : 1979

County : Palm Beach

Subdivision: Kirkwood Estates

Map

Features

Interior Features

MainLivingAreaEntryLevel

Roof: Composition
Heating & Cooling

Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

Building Information

Year Built: 1979

Building Area Total: 3920

Stories: 1

Patio And Porch Features: Patio

Pool Features: Concrete, Gunite, Pool

Private Pool: No
Exterior Features

Exterior Features: Courtyard, None, Patio, RoomForPool, StormSecurityShutters

Lot Information

Lot Size Acres: 0.7955 Lot Description: LessThanOneAcre,OversizedLot

Property Information

Subdivision: PALM BEACH FARMS CO 7 Source Property Type: ResidentialIncome MLS Area Minor: Palm Beach 5670; 5680; 5700; 5710 Postal Code Plus 4: 5153 Zoning Description: RM Property SubType: Condominium Levels: One Property Age: 47

Listing Price Information

Listing Price: $1700000

Cash, Conventional, Exchange1031, Fha203k, FHA, VaLoan

Tax Information

Parcel Number: 00434430010750010 Tax Year: 2025 Annual Tax: $13715 Tax Legal Desc: PALM BEACH FARMS CO PL 7 LT B (LESS NLY 26.14 FT) BLK 75

Garage Information

Pets Allowed: NoPetRestrictions

Homeowners Association Information

Association Amenities: Pool

School Information

Elementary School: Starlight Cove Junior High School: Tradewinds Senior High School: Lake Worth
Utility Information

ElectricityAvailable, WaterAvailable
Location Information

Direction: I95 TO 6TH AVE - WEST TO COCONUT - NORTH ON COCONUT TO 4537 WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
3910 Holden Lane, Lake Worth, FL, 33461	$536,900	4	2	1,643	1,643 SqFt
4475 Kirk Road, Lake Worth, FL, 33461	$730,000	6	4	1,313	1,313 SqFt
4453 Stevens Road, ,, FL, 33461	$690,000	6	3	2,576	2,576 SqFt
4865 Dell Avenue, Lake Worth, FL, 33461	$950,000	7	4	2,344	2,344 SqFt
4733 Mulberry Street, ,, FL, 33461	$1,050,000	8	4	3,696	3,696 SqFt
4334 Cambridge Street, Lake Worth, FL, 33461	$359,000	2	2	800	800 SqFt

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ByOwner last updated this listing 06/12/2026 @ 13:03

MLS: B26035010 LISTED BY: Sandro Herrera, Three Palms Realty 561-316-8711 SOURCE: SEFMIAMI