Property Description
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.
Property Details
Listing Information
- MLS ID
- B26069988
- Listing Status
- Active
- Property Type
- Single Family Residence
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 2,077 sq ft
- Lot Size
- 27,007.2 sq ft
- Year Built
- 1934
- Community
- GROVELAND PARK
- County
- Palm Beach
Property Features
- Interior Features
- Cathedral Ceiling(s), Pantry, Closet Cabinetry
- Exterior Features
- Barbecue, Garden
- Appliances
- Dryer, Electric Range, Refrigerator
- Cooling
- Attic Fan, Ceiling Fan(s)
- Heating
- Electric
- Parking
- Attached Carport, Driveway, Unpaved, Carport
- Waterfront
- False
- Waterfront Features
- None
- Lot Features
- Cul-De-Sac, Corner Lot, Irregular Lot, Many Trees, Fruit Tree(s), Room for Pool, Landscaped, Oversized Lot
- View
- Other
- Property Tax
- $3,124.44 (2025)
