4614 Gulfstream Road, Lake Worth, FL 33461

$1,250,000
Property Type: Residential Income Square Footage: 16,281 Status: Active
Current Price: $1,250,000 List Date: 10/19/2026 Last Modified: 10/19/2026

Overview

Description

Bring your vision to unincorporated Lake Worth! A compelling opportunity for investors, builders, and developers to acquire 1.83 acres in the heart of Lake Worth, Florida, with the potential for a 20-unit multifamily development. This property offers a head start for future development, with several key approvals previously secured, significantly advancing the preliminary planning process. Zoning, water utility, right-of-way, drainage, and Health Department permits have already been previously approved, providing a valuable foundation for the next phase of development. Completed building plans are also available and attached to the MLS, offering additional value and a head start for prospective developers. The proposed unit mix consists of 17 two-bedroom, two-bathroom units and

Supplements: 3 one-bedroom, one-bathroom units. Based on comparable rental rates, the projected rental income could reach approximately $44,500 per month, or $534,000 annually, assuming all 20 units are rented at the estimated market rates of $2,300 per month for the two-bedroom units and $1,800 per month for the one-bedroom units. These figures represent poten ...

Listing Details MLS# B26089883

General Property Information

Number Of Units Total
4
Property Sub Type
Quadruplex
Building Area Main
16281
Building Area Source
Plans
Living Area Main
16281
Living Area Source
Plans
Accessibility Features YN
No
Year Built
1948
Parking Total
2
Gated Community YN
No
Lot Size Area
79714.8
Lot Size Acres
1.83
Senior Community YN
No
Stories Total
Yes
Pool Private YN
No

Property Features

Documents Available: Other Available Information; PUD Plan Available Exterior Features: None Fencing: Fenced; Gate Flooring: Other Leasing Permitted Details: Okay To Lease Property Condition: Resale Special Listing Conditions: Standard Structure Type: Multi Family Tenant Pays: Electricity; Water Construction Materials: See Remarks Cooling: Central Air; Central Individual; Electric Heating: Central; Central Individual; Electric Levels: One Listing Terms: Cash; Conventional; Owner May Carry Lot Features: Oversized Lot Main Living Area: Entry Level Membership: No Membership Available Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow Restrictions: No Restrictions Road Frontage Type: West of US-1 Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Composition; Shingle Sewer: Public Sewer Special Information: Sold As-Is; Subject to Impact Fees Tax Information: County Only Utilities: Electricity Available; Sewer Available; Water Available Water Source: Public Unit 1 Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Open Parking Unit 1 Rooms: Family Room; Kitchen Unit 2 Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Open Parking Unit 2 Rooms: Kitchen Acreage Description: 1 To Less Than 2 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
1250000
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
Palm Beach
Street Number
4614
Street Name
Gulfstream
Street Suffix
Road
Municipality Type
Unincorporated
Municipal Code
00
State Or Province
FL
Postal Code
33461
Postal Code +4
5108
Subdivision Name
Covenant Villas
Development Name
Covenant Villas
Area
5700
Geographic Area
PB17
Elementary School
Starlight Cove
Middle Or Junior School
Tradewinds
High School
Lake Worth
Special Assessment YN
No
Parcel Number
00434430280010000
Subdivision Number
28
Zoning
RM
Flood Zone
X
Directions
6th west from I95. Right on Gulfstream. Property on the right
Multiple Offers Accepted
Yes

Financial Information

Master Association YN
No
Tax Annual Amount
9362.3
Tax Year
2025
Tax Legal Description
COVENANT VILLAS TR A K/A ALL OF PLAT

Status Change Information

Major Change Timestamp
2026-10-19T13:15:20Z
Major Change Type
New Listing
Status Change Date
2026-10-19

More Information

Leasing Permitted Details

Leasing Permitted YN
Yes

Meter Information

Separate Electric Meters YN
Yes
Number Of Separate Electric Meters
20
Separate Gas Meters YN
Yes
Number Of Separate Gas Meters
20
Separate Water Meters YN
Yes
Number Of Separate Water Meters
20

Pet Details

Pet Fee YN
No

Unit 1 Details

Actual Rent
2200
Baths Full
2
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
846

Unit 1 Lease Description

Currently Leased YN
No

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
633

Unit 2 Lease Description

Currently Leased YN
No

Unit 2 Parking Details

Carport YN
No
Garage YN
No

Price Calculations

Current Price To SqFt
76.77

Originating Details

Originating System Key
20261013174314039283000000
Originating System ID
M00000170
IDX
Listing Office: RE/MAX Direct
Source MLS Verified
Last Updated: October - 19 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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