4537 Coconut Road, Lake Worth, FL 33461

$1,600,000 — Active

Property Features

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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 - FOUR, three bedroom units! - 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.

▼ Price Reduced — originally listed at $1,700,000

Property Details

  • Listing ID: B26035010
  • Status: Active
  • Listing Date: 2026-05-31
  • Property Type: Quadruplex
  • Subdivision: PALM BEACH FARMS CO 7
  • County: Palm Beach
  • MLS Area: 5700
  • Bedrooms: 0
  • Full Bathrooms: 0
  • Living Area Sq Ft: 3,920
  • Year Built: 1979

Financial

  • List Price: $1,600,000
  • Original List Price: $1,700,000
  • HOA Fee: None
  • Taxes: $13,716/yr

Features & Amenities

  • Pets Allowed: Yes, No Restrictions, Pet Restrictions Possible
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Tile
  • Construction: Concrete Block - With Stucco
  • Roof: Composition
  • Exterior Features: None, Courtyard

Courtesy of Three Palms Realty
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© 2026 Starfish Real Estate. Listings updated Nov 12, 2026 2:03 am. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.