4812 Coconut Rd, Lake Worth, FL 33461

About This Home

APPROXIMATELY ONE ACRE. MULTIFAMILY ZONING. BUILD YOUR NEXT INVESTMENT. With no HOA, multiple development options, and an existing home offering potential rental income while you build, this property gives investors flexibility to pursue their next project. Per the County Planning Division, MF zoning permits 8 dwelling units per acre, with the opportunity to increase density to 12 units per acre through the purchase of additional transferable development rights (TDRs). Explore duplexes, triplexes, quadplexes, or divide the land into individual single-family lots. A maximum building height of 35 feet may accommodate three stories, depending on architectural design. The existing 3-bedroom, 2-bath home offers approximately 2,132 square feet of living space and a unique layout offering the potential to convert the existing home into a duplex or triplex. Plumbing hookup is ready for a third bathroom. The roof, AC Unit, Electrical panel and water heater are 2 years old. Plumbing has been updated to PVC, there is a generator hookup and a 2 car garage with impact doors. Offered for its land and development value and location. Located minutes from Lake Worth Beach and Pier, Downtown Lake Worth Beach for dining, arts and festivals, near Palm Beach International Airport, JFK Medical Center, Palm Beach College, John Prince Park, Lake Osborne and Wellington Equestrian Area.

Building & Association

Building Name

PALM BEACH FARMS CO 7

Association

No

Lot & Construction

Lot Features

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

Lot Size Square Feet

43,124

Waterfront

No

View

No

New Construction

No

Public Records

Parcel Number

00434430011060030

Tax Annual Amount

$1,919

Tax Year

2,025

Zoning

RM

County Or Parish

Palm Beach County

Location