4537 Coconut Road, Lake Worth, FL 33461

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 - FOUR, three bedroom units! - 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.

Property Details

Flooring

Tile

Heating

Central

Cooling

Central Air

Architectural Style

One Story

Pool Features

Concrete, Gunite

Building & Association

Stories

1

Stories Total

1

Association

No

Association Fee

0

Association Amenities

Private Pool

Pets Allowed

Yes

Lot & Construction

Lot Features

1/2 To Less Than 3/4 Acre Lot, Less Than 1 Acre, Oversized Lot, Septic, Sidewalk

Lot Size Square Feet

34,650

Waterfront

Yes

View

No

Construction Materials

Slab Construction

Roof

Composition Roll

Exterior Features

Courtyard, None, Room For Pool

New Construction

No

Public Records

Parcel Number

00434430010750010

Tax Annual Amount

$13,715

Tax Year

2,025

Zoning

RM

County Or Parish

Palm Beach County

Location