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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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4537 Coconut Rd , Lake Worth, FL 33461
$1,600,000
Est. Payment: $8,541.68/mo
8 Bed
4 Bath
3920 Sqft
0.8 Acres
Status: active | Days on site: 64
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House 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. Walk to Kennedy Hospital and Broward Community College. 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.

Highlights

Listed by Sandro Marcel Herrera , 561-316-9691 Three Palms Realty , 561-316-8711. REALTOR Association of Greater Miami and the Beach

Property Type

Multi-Family

Lot/Acreage
0.8

Year Built

1979

County

Palm Beach

Area

5700

Neighborhood

Palm Beach Farms Co 7

Listing ID

B26035010

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:8
  • ▪ Bathrooms:4
Air Cond:Central Air
Fireplaces:
Floor:Tile
Other:
  • ▪ Additional:Main Living Area Entry Level
Water:Public

Exterior Features

Lot:<1 Acre,Oversized Lot
Zoning:RM
Roof:Composition
Others:
  • ▪ Additional:Courtyard, Patio, Room For Pool, Storm/Security Shutters
Sewer:Septic Tank
Principal Interest
$8,542
Taxes
$1,143

Home Price

$1,600,000

Loan Details

30 yrs
7.03%

Down Payment

20%
$320,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,541.68

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,541.68 $1,142.92 $0.00 $9,684.59
Yearly $102,500.12 $13,715.00 $0.00 $116,215.12
Total $3,075,003.66 $411,450.00 $0.00 $3,486,453.66

Today's Rates

30 Year

7.03%

20 Year

6.92%

15 Year

6.45%

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Market insight data is pulled from the same city as the listing being viewed (Lake Worth, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by REALTOR Association of Greater Miami and the Beach, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-03T03:09:01.000Z

© 2026 REALTOR Association of Greater Miami and the Beach