4812 Coconut Road, Lake Worth, FL 33461

$1,600,000 — Active

Property Features

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APPROXIMATELY ONE ACRE. MULTIFAMILY ZONING. BUILD YOUR NEXT INVESTMENT. With no HOA, multiple development options, and an existing home offering potential rental income while you build, this property gives investors flexibility to pursue their next project.Per the County Planning Division, MF zoning permits 8 dwelling units per acre, with the opportunity to increase density to 12 units per acre through the purchase of additional transferable development rights (TDRs). Explore duplexes, triplexes, quadplexes, or divide the land into individual single-family lots. A maximum building height of 35 feet may accommodate three stories, depending on architectural design. The existing 3-bedroom, 2-bath home offers approximately 2,132 square feet of living space and a unique layout offering the potential to convert the existing home into a duplex or triplex. Plumbing hookup is ready for a third bathroom. The roof, AC Unit, Electrical panel and water heater are 2 years old. Plumbing has been updated to PVC, there is a generator hookup and a 2 car garage with impact doors. Offered for its land and development value and location. Located minutes from Lake Worth Beach and Pier, Downtown Lake Worth Beach for dining, arts and festivals, near Palm Beach International Airport, JFK Medical Center, Palm Beach College, John Prince Park, Lake Osborne and Wellington Equestrian Area.

Property Details

  • Listing ID: A12109975
  • Status: Active
  • Listing Date: 2026-10-04
  • Property Type: Unimproved Land
  • Subdivision: PALM BEACH FARMS CO 7
  • County: Palm Beach
  • MLS Area: 5700
  • Bedrooms: 0
  • Full Bathrooms: 0
  • Living Area Sq Ft: N/A
  • Lot Dimensions: 0.99

Financial

  • List Price: $1,600,000
  • HOA Fee: None
  • Taxes: $1,919/yr

Features & Amenities

Courtesy of LPT Realty, LLC
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© 2026 Starfish Real Estate. Listings updated Nov 8, 2026 5:00 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.