4537 Coconut Road, Lake Worth, FL 33461 (MLS# B26035010)

4537 Coconut Road, Lake Worth, FL 33461

$1,600,000

Virtual Tour

https://www.propertypanorama.com/4537-Coconut-Road-Lake-Worth-FL-33461/unbranded

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Property Type: Residential Income Square Footage: 3,920 Status: Active

Current Price: $1,600,000 List Date: 10/05/2026 Last Modified: 10/21/2026

Overview

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.

Supplements: 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 a ... (Read more)

Listing Details MLS# B26035010

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 3920
Building Area Source: Other
Living Area Main: 3920
Living Area Source: Public Records
Adjusted Area Main: 3920
Accessibility Features YN: No
Year Built: 1979
Parking Total: 10
Gated Community YN: No
Lot Size Area: 34650
Lot Size Acres: 0.8
Senior Community YN: No
Land Lease YN: No
Recreation Lease YN: No
Outdoor Living Spaces YN: Yes
Stories Total: Yes
Stories: Yes
Pool Private YN: Yes
Spa YN: No
LP/Assessed Value: 2.56

Property Features

Documents Available: Copy Of Lease(s); Deposit Held; Rent Rolls; Service Contracts Electric: 150 Amp Service Exterior Features: None Fencing: None Flooring: Tile Foundation Details: Slab Leasing Permitted Details: Okay To Lease Property Condition: Resale Special Listing Conditions: Standard Structure Type: Multi Family; Quadruplex Tenant Pays: Cable TV; Electricity; Water Construction Materials: Concrete Block - With Stucco Cooling: Central Air Heating: Central Laundry Features: None Levels: One Listing Terms: 1031 Exchange; Cash; Conventional; FHA; Private Financing Available; USDA Loan; VA Loan Lot Features: Oversized Lot; Room for Pool; Sidewalks Main Living Area: Entry Level Other Equipment: None Pets Allowed YN: Yes Pets Allowed: No Restrictions; Pet Restrictions Possible Pool Features: Concrete; Gunite Possession: Close Of Escrow Restrictions: No Restrictions Road Frontage Type: City Street Road Responsibility: Public Maintained Road Road Surface Type: Asphalt; Paved Roof: Composition Sewer: Septic Tank Special Information: Sold As-Is Sprinkler Description: None Storm Protection Details: None Tax Information: No Homestead Utilities: Electricity Available; Water Available Water Access: None Water Source: Public Showing Requirements: Listing Agent Must Accompany; No Appointment; Occupied; Text Listing Agent Outdoor Living Spaces: Courtyard; Patio Courtyard Details: Courtyard - Open Patio Details: Patio - Open Unit 1 Appliances: Range; Refrigerator Unit 1 Interior Features: Split Bedroom Plan Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 1 Parking Features: Parking Space Unit 1 Rooms: Kitchen Unit 2 Appliances: Microwave; Range; Refrigerator Unit 2 Interior Features: Split Bedroom Plan Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Parking Space Unit 2 Rooms: Kitchen Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Smoke Detector(s) Unit 3 Parking Features: Parking Space Unit 3 Rooms: Kitchen Unit 4 Appliances: Range; Refrigerator Unit 4 Other Equipment: Smoke Detector(s) Unit 4 Parking Features: Open Parking Unit 4 Rooms: Kitchen Acreage Description: 1/2 To Less Than 1 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1700000
Negotiable Seller Concessions YN: No
Listing Service: Full Service
Seller Represented YN: Yes

Location and Legal

Country: United States
County Or Parish: Palm Beach
Street Number: 4537
Street Name: Coconut
Street Suffix: Road
Municipality Type: Unincorporated
Municipal Code: 00
State Or Province: FL
Postal Code: 33461
Postal Code +4: 5153
Subdivision Name: PALM BEACH FARMS CO 7
Area: 5700
Geographic Area: PB17
Elementary School: Starlight Cove
Middle Or Junior School: Tradewinds
High School: Lake Worth
Special Assessment YN: No
Parcel Number: 00434430010750010
Subdivision Number: Yes
Zoning: RM
Flood Zone: X
Directions: I95 TO 6TH AVE - WEST TO COCONUT - NORTH ON COCONUT TO 4537
Multiple Offers Accepted: Yes

Financial Information

Application Required YN: No
Master Association YN: No
Tax Annual Amount: 13715.78
Tax Year: 2025
Tax Assessed/SOH Value: 624029
Tax Legal Description: PALM BEACH FARMS CO PL 7 LT B (LESS NLY 26.14 FT) BLK 75
Assessor Market Value: 869769

Status Change Information

Major Change Timestamp: 2026-10-05T15:00:25Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-05T15:00:25Z
Status Change Date: 2026-10-05
Back on Market Date: 2026-06-11

More Information

Co-Ownership

Property Management YN: Yes
Property Management Name: Three Palms Realty LLC
Property Management Phone: 561--316-8711
Property Management Email: info@threepalmsrealty.com

Leasing Permitted Details

Leasing Permitted YN: Yes

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 6
Separate Gas Meters YN: No
Separate Water Meters YN: No
Number Of Meters Total: 6

Income and Expenses

Gross Income: 7400

Boat and Dock Information

Dock: No

Pet Details

Pet Fee YN: No

Qualifying Requirements

Minimum % Down: 5

Leasing Restrictions

Leasing - Max Times Per Year: 12
Leasing - Minimum Number of Days: Yes

Storm Protection

Accordian Shutters: Partial

Unit 1 Details

Actual Rent: 1800
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 980

Unit 1 Lease Description

Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2024-12-01
Occupant Type: Tenant

Unit 1 Parking Details

Carport YN: No
Garage YN: No

Unit 2 Details

Actual Rent: 1800
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 980

Unit 2 Lease Description

Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2024-12-01
Occupant Type: Tenant

Unit 2 Parking Details

Carport YN: No
Garage YN: No

Unit 3 Details

Actual Rent: 1650
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 980

Unit 3 Lease Description

Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-06-30
Occupant Type: Tenant

Unit 3 Parking Details

Carport YN: No
Garage YN: No

Unit 4 Details

Actual Rent: 1850
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 980

Unit 4 Lease Description

Currently Leased YN: No
Occupant Type: Tenant

Unit 4 Parking Details

Carport YN: No
Garage YN: No

Price Calculations

Current Price To SqFt: 433.67

Originating Details

Originating System Key: 20260526164726145254000000
Originating System ID: M00000170

Listing Office: Three Palms Realty

Last Updated: October - 21 - 2026

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