FL, 33460
$600,000
Est. $3,034/mo (20% down)
Rare opportunity to acquire an oversized 0.62-acre residential parcel east of I-95 in Lake Worth Beach, surrounded by substantially smaller lots. The property currently features a main residence configured as a duplex, a separate rear cottage/mother-in-law suite, offering multiple income streams and significant upside. The owner occupies one front unit, while the other rents for $1,400/month and the cottage rents for $1,000/month. Investors can explore renovating the existing structures and increasing rents, repositioning the property for a fix-and-flip strategy, or evaluating the potential to redevelop the oversized parcel into a larger single-family residence, subject to zoning and approvals. Excellent location near downtown Lake Worth Beach, beaches, parks, dining & cultural attractions A unique land-value opportunity with multiple potential exit strategies with many fruit trees and a man-made vegetable garden.
MLS #
B26069988
Status
Active
Property Type
Residential
Sub Type
Single Family Residence
Year Built
1934
Days on Market
1
Stories
1
Pool
No
Waterfront
No
Price / Sq Ft
$289
HOA Fee
None
Est. Insurance
$200/mo
Tax Year
2025
Tax Amount
$3,124
Garage
—
Lot Size
—
MLS Area
Groveland Park
Subdivision
GROVELAND PARK
Estimates based on area averages. Actual returns may vary. Consult a financial advisor.
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