HOMES BY DARCI
Southern Key Realty
4537 Coconut Road Lake Worth FL 33461
Address
4537 Coconut Road, Lake Worth, FL
Price
$ 1,700,000
Property Attributes
- MLS#B26035010
- TypeSingle Family
- Listing Status Active
- CountyPalm Beach
- CityLake Worth
- Area5700
- NeighborhoodPALM BEACH FARMS CO 7
- Zip33461
- Style
- Year Built1979
- Taxes$ 13715
- Price$ 1,700,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3920
- Lot Size0.8 Acres
Data Source:
Beaches MLS (FL)
Property 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 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. 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.
| Elementary School | Middle School | High School |
|---|---|---|
| Starlight Cove Elementary School | Tradewinds Middle School | Lake Worth High School |
| Price History | |
|---|---|
| 6/1/2026 | Listed $1,700,000 |
General Features
| Sewer | SepticTank |
|---|---|
| Heating | Central |
| Cooling | CentralAir |
| Utilities | ElectricityAvailable,WaterAvailable |
| Possession | CloseOfEscrow |
| Roof | Composition |
| Patio/Porch Features | Patio |
| Pool Features | Concrete,Gunite |
| Pets Allowed | NoPetRestrictions,PetRestrictions,Yes |
| Year Built | 1979 |
| Electric | Amps150 |
| Tenant Pays | CableTv,Electricity,Water |
| Stories Count | 1 |
| Levels | One |
| Property Subtype | Quadruplex |
| Tax Year | 2025 |
| Gross Income | 7400 |
| Waterfront Features | None |
| Community Features | Sidewalks |
| Accessibility | None |
| County | Palm Beach |
| New Construction | false |
| Property Type | ResidentialIncome |
| Subdivision Name | PALM BEACH FARMS CO 7 |
| Status | Active |
| Directions | I95 TO 6TH AVE - WEST TO COCONUT - NORTH ON COCONUT TO 4537 |
| High School | Lake Worth |
| City | Lake Worth |
| Senior Community Y/N | false |
| Number Of Units Total | 4 |
| MLS Area | 5700 |
| Elementary School | Starlight Cove |
| Land Lease Y/N | false |
| Tax Annual Amount | 13715.78 |
| Middle/Junior High School | Tradewinds |
| Property Condition | Resale |
| Virtual Tour | https://www.propertypanorama.com/4537-Coconut-Road-Lake-Worth-FL-33461/unbranded |
| Standard Status | Active |
| Property Sub Type Additional | Quadruplex |
| PostalCity | Lake Worth |
| Legal Description | PALM BEACH FARMS CO PL 7 LT B (LESS NLY 26.14 FT) BLK 75 |
Interior Features
| Flooring | Tile |
|---|---|
| Total Stories | 1 |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Laundry Features | None |
Exterior Features
| Exterior Amenities | Courtyard,None,OutdoorLivingArea,UncoveredCourtyard,RoomForPool |
|---|---|
| Fencing | None |
| Lot Features | None,OversizedLot |
| Water Source | Public |
| Total Parking | 10 |
| Lot Size Area | 34650 |
| Foundation Details | Slab |
| Spa | false |
| Building Area Total | 3920 |
| Lot Size Acres | 0.8 |
| Road Surface Type | Asphalt,Paved |
| Waterfront Y/N | false |
| Road Frontage Type | CityStreet |
| Other Equipment | None |
| Road Responsibility | PublicMaintainedRoad |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33461
Price
Taxes
Year Built
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