4614 Gulfstream Road, Lake Worth, FL 33461

Lake Worth
Local realty services provided by:Atlantic Shores Realty Expertise ERA Powered
4614 Gulfstream Road,Lake Worth, FL 33461
$1,250,000
Virtual Tour
  • - Beds
  • - Baths
  • 16,281 sq. ft.
  • Multi-family
  • Active
Listed by: brett a colby
Office: re/max direct
MLS#:B26089883
Source:RMLS

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$76.78

About this home

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 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...

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Home facts

  • Year built:1948
  • Subdivision & Development:Covenant Villas
  • Listing ID #:B26089883
  • Added:8 day(s) ago
  • Updated:October 27, 2026 at 05:01 PM

Rooms and interior

  • Living area:16,281 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1948
  • Building area:16,281 sq. ft.
  • Lot area:1.83 Acres
  • Levels:1 Story

Schools

  • High school:Lake Worth
  • Middle school:Tradewinds
  • Elementary school:Starlight Cove

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$76.78
  • Tax amount:$9,362 (2025)

Parking

  • Total parking spaces:2
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