4537 Coconut Road, Lake Worth, FL 33461

• 3,920 sqft

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 - Ideal for easy conversion to four Starter houses for young couples. 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.

Listing Status:

Active

Date Added:

June 11, 2026

Data Last Updated:

July 3, 2026 at 7:18AM

Listing Office:

Three Palms Realty : 561-316-8711

Listing Agent:

Sandro Marcel Herrera : 561-316-9691

MLS ID:

B26035010

Interior

• Laundry: None
• Flooring: Tile
• A/C: Central Air
• Heating: Central
• Disability Feature: None

Exterior

• General: CourtyardNoneOutdoor Living AreaUncovered CourtyardRoom For Pool
• Other Structures: Patio
• Pool: ConcreteGunite
• Parking: Parking spaces: 10

Construction

• Roofing: Composition
• General: 1Slab

Location

• Road/Access: City Street
• Originating MLS: BEACH_BEACH
• County: Palm Beach

Lot

• Zoning: RMPALM BEACH FARMS CO PL 7 LT B (LESS NLY 26.14 FT) BLK 7500434430010750010
• Fencing: None

Utilities

• Utilities: Electricity AvailableWater Available150 Amp Service
• Water: Public
• Sewer: Septic Tank

Financial

• Source: BEACH_BEACH