5321 Maine Street Lake Worth FL 33461

Address
5321 Maine Street, Lake Worth, FL
Price
$ 2,600,000
Property Attributes
  • MLS#R11058271
  • TypeLand
  • Listing Status Active Under Contract
  • CountyPalm Beach
  • CityLake Worth
  • Area5730
  • NeighborhoodNone
  • Zip33461
  • Style
  • Taxes$ 6855
  • Price$ 2,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2.52 Acres
Data Source:
Beaches MLS (FL)
Property Description

Prime Multi-Family Development Opportunity - 5321 Maines Street This 1.81-acre lot is zoned Multi-Family Urban Fill, making it a prime investment for high-density residential development. The site comes with an approved site plan for 88 one-bedroom, one-bathroom units and 4 two-bedroom, one-bathroom units, maximizing its potential. Located in a rapidly growing urban area, this property offers excellent access to amenities and infrastructure. A rare opportunity for developers seeking a turnkey project in a strong rental market!

Price History
1/15/2026 Listed $2,600,000

General Features

Sewer Public Sewer
Utilities Electricity Available,Sewer Available
Possession Close Of Escrow,Negotiable
Development Status Site Plan Filed
Electric 3 Phase
Property Subtype Unimproved Land
Tax Year 2024
Current Use Multi-Family
County Palm Beach
Property Type Land
Contingency 3rd Party Approval
Subdivision Name None
Facing Direction West
Possible Use Commercial
Status Active Under Contract
Directions North on Military until Maine street.
City Lake Worth
MLS Area 5730
Lot Size Square Feet 109588
Tax Annual Amount 6855.01
Standard Status Active Under Contract
Property Sub Type Additional Unimproved Land
PostalCity Lake Worth
Legal Description 25-44-42~ E 385 FT OF W 420 FTOF S 224.06 FT OF N 672.18 FT OF W 3/4 OF N 1/4 OF SE 1/4 (LESS N 10 FT RD R/W & WLY 13 FT

Exterior Features

Vegetation None,Other
Lot Features 1-2 Acres,Cleared,City Lot,Rural Lot
Lot Size Acres 2.52
Waterfront Y/N false
Road Frontage Type County Road
Road Responsibility Public Maintained Road

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 33461

Price
AVG $1.51M
$2.6M
Taxes
AVG $9,369
$6,855

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