HOMES BY DARCI
Southern Key Realty
6650 Riggers Road Lake Worth FL 33462
Price Reduction
Address
6650 Riggers Road, Lake Worth, FL
Price
$ 349,000
Property Attributes
- MLS#F10549887
- TypeLand
- Listing Status Active
- CountyPalm Beach
- CityLake Worth
- Area5710
- NeighborhoodHypoluxo Village 02 Unrec
- Zip33462
- Style
- Taxes$ 5848
- Price$ 349,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.41 Acres
Data Source:
Beaches MLS (FL)
Property Description
Estate Sale | Covered Land Play | 17,856 SF lot zoned RS (Single-Family Residential) with an unfinished A-frame structure and a SFR. Typical neighborhood land values range from $15-$20/SF, presenting strong redevelopment or tear-down potential. Seller to address existing liens and satisfy all outstanding balances at or prior to closing. Existing neighborhood supports $500,000+. The parcel can be subdivided into 2-3 homesites subject to zoning verification. Three additional contiguous sites available across the street from the subject property. Economic Drivers, Demand, and the Scarcity of Buildable LandAtlantis, Florida represents one of the most supply-constrained residential submarkets in Palm Beach County — a fully established, low-density community where true buildable vacant lots are increasingly rare. Unlike expanding fringe markets where new land can be readily entitled and delivered, Atlantis is largely built-out, placing a premium on infill opportunities and creating a market dynamic driven less by volume and more by scarcity and substitution.The local economy benefits from its strategic positioning within the Central Palm Beach County employment corridor, offering immediate access to regional healthcare, professional services, and coastal tourism employment nodes in Lake Worth Beach, Boynton Beach, and West Palm Beach. This proximity supports steady household formation, relocation demand, and end-user interest in new construction, particularly among buyers seeking custom homes in established, non-transitional neighborhoods.From a land-use perspective, demand for vacant lots in Atlantis is shaped by a limited buyer universe These groups are not competing across dozens of interchangeable sites — they are competing for one-off opportunities that surface infrequently. As a result, when a clean, buildable lot enters the market, it often attracts disproportionate attention relative to its size, reflecting both the lack of available alternatives and the high replacement cost of acquiring and entitling similar sites.Just beyond Atlantis, Lake Worth Beach functions as the active infill and redevelopment market, where a steady cadence of small-lot construction, tear-downs, and urban redevelopment reinforces the broader regional demand for buildable land. This adjacent activity serves as a demand spillover mechanism, capturing builders and buyers who would otherwise pursue Atlantis directly, but remain motivated by proximity, neighborhood stability, and access to the same employment and lifestyle drivers.At the county level, continued residential permitting activity — even amid higher interest rates and construction cost pressures — underscores an enduring appetite for new housing delivery. However, the primary constraint is not builder interest; it is land availability, particularly in established communities with existing infrastructure, zoning clarity, and neighborhood continuity. This imbalance between consistent demand and structurally limited supply positions well-located vacant lots as strategic, long-duration assets rather than short-cycle commodities.In practical terms, the value proposition for a vacant lot in Atlantis is not merely its entitlement for residential use — it is its irreplaceability within a mature, built-out market. Future supply is largely dependent on property assemblage or tear-down scenarios, both of which introduce higher acquisition costs, entitlement risk, and extended development timelines. By contrast, a build-ready lot offers immediate execution potential, reduced regulatory friction, and a clearer path to vertical construction.For investors and builders alike, this dynamic supports a thesis centered on capital preservation, optionality, and asymmetric upside. Whether deployed for near-term custom home construction or held as a strategic land position in a tightening infill market, vacant lots in Atlantis benefit from the same fundamental driver: demand remains durable, while supply remains structurally finite.
| Price History | |
|---|---|
| 2/2/2026 | Listed $395,000 |
| 2/21/2026 | 100$790,000 |
| 4/14/2026 | 11$700,000 |
| 5/19/2026 | 45$385,000 |
| 5/29/2026 | 9$349,000 |
General Features
| Sewer | Septic Tank |
|---|---|
| Utilities | Other |
| Possession | Close Of Escrow |
| Development Status | Site Plan Filed |
| Property Subtype | Unimproved Land |
| Tax Year | 2024 |
| Current Use | Residential,Single Family |
| County | Palm Beach |
| Property Type | Land |
| Subdivision Name | Hypoluxo Village 02 Unrec |
| Facing Direction | South |
| Possible Use | Single Family |
| Other Structures | None |
| Status | Active |
| City | Lake Worth |
| MLS Area | 5710 |
| Lot Size Square Feet | 17856 |
| Tax Annual Amount | 5848 |
| Additional Parcels Y/N | false |
| Virtual Tour | https://www.propertypanorama.com/6650-Riggers-Rd-Lake-Worth-FL-33462/unbranded |
| Standard Status | Active |
| Property Sub Type Additional | Unimproved Land |
| PostalCity | Lake Worth |
| Legal Description | HYPOLUXO VILLAGE PL 2 UNREC LTS 9 & 10 BLK 42 & W 15 FT OF GATOR CREEK LYG E OF & ADJ TO |
Exterior Features
| Vegetation | Other |
|---|---|
| Lot Features | 1/4 to 1/2 Acre Lot |
| Water Source | Public |
| Lot Size Acres | 0.41 |
| Road Surface Type | Gravel |
| Waterfront Y/N | false |
| Number of Lots | 1 |
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 Land Average in 33462
Price
Taxes
The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The data is provided exclusively for the user's personal non-commercial use, and may not be used for any purpose other than to identify properties that the user may be interested in purchasing or leasing. The properties displayed may not be all of the properties in the MLS's database, or all
These listings are provided by the IDX Program of Brevard County, Florida. Real Estate listings held by brokerage firms other than are marked with the IDX Logo and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed.
Copyright
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
