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4537 Coconut Road

Lake Worth Beach FL 33461

3920 sq. ft.
0.8 ac.
Duplex
Currently for sale - view listing

Overview

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 alike. Professionally managed and 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. 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.

Features

3920 sq. ft. floor area
0.8 ac. lot size
Duplex

Property history for 4537 Coconut Road

2009
Rented
Undisclosed
23 Oct 2009 by GOLD CROWN REALTY
2008
Rented
Undisclosed
05 Jul 2008 by Highlight Realty Corp/LW
2000
Sold
$73,750
10 Mar 2000 by Laurie Barfield, of The Keyes Company - Stuart

Happy sellers in Lake Worth Beach

97%
97% of sellers in Lake Worth Beach reported that their sale price either exceeded or met their price expectations.

Lake Worth Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 12 reviews in Lake Worth Beach over the last 12 months.

Local market activity for duplexes in Lake Worth Beach

In the last 12 months, 18 duplexes similar to 4537 Coconut Road, have been sold.

This represents a 13% decrease in duplexes sales when compared to the previous 12 months.

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