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Status:
Active
Size: 0.91 Acres (3,697 m2)
Price: $714,286/Acre ($176/m2)
Type: Land
MLS Number: R11137083
On Site: 152 Days
Updated: 15 Days ago
Page Views: 0
Rare Development Opportunity In Lake Worth Beach. 0.91 Acre Multifamily Development Site With An Approved Site Plan For A 10-unit, 2-story Multifamily Residential Project. The Property Is Zoned Rm (medium Density Multifamily) With Future Land Use Mr-5 And Allows A Variety Of Residential Development Strategies. Approved Plans Include 10 Residential Units, 23 Parking Spaces, Recreation Area, And Site Infrastructure Already Designed, Significantly Reducing Entitlement Timeline And Development Risk. This Project Offers Multiple Potential Exit Strategies For Developers And Investors, Including Building The Approved 10-unit Multifamily Rental Project, Redesigning Into Townhomes For Individual Sale, Or Exploring Alternative Residential Configurations Within The Existing Zoning.
Features
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- Current Use: MultiFamily
- Approx SqFt Total Area: 39795
- Property SqFt: 39795
- Remarks: Rare development opportunity in Lake Worth Beach. 0.91 acre multifamily development site with an approved site plan for a 10-unit, 2-story multifamily residential project. The property is zoned RM (Medium Density Multifamily) with Future Land Use MR-5 and allows a variety of residential development strategies. Approved plans include 10 residential units, 23 parking spaces, recreation area, and site infrastructure already designed, significantly reducing entitlement timeline and development risk. This project offers multiple potential exit strategies for developers and investors, including building the approved 10-unit multifamily rental project, redesigning into townhomes for individual sale, or exploring alternative residential configurations within the existing zoning.
- Internet Remarks: Rare development opportunity in Lake Worth Beach. 0.91 acre multifamily development site with an approved site plan for a 10-unit, 2-story multifamily residential project. The property is zoned RM (Medium Density Multifamily) with Future Land Use MR-5 and allows a variety of residential development strategies. Approved plans include 10 residential units, 23 parking spaces, recreation area, and site infrastructure already designed, significantly reducing entitlement timeline and development risk. This project offers multiple potential exit strategies for developers and investors, including building the approved 10-unit multifamily rental project, redesigning into townhomes for individual sale, or exploring alternative residential configurations within the existing zoning.
- Waterfront: No info
- Directions: South
- Days on Market: 107
- Office Name: Partnership Realty Inc.
- Area: 0.91
- Taxes: 3890
- Tax Year: 2025
- Listing Date: 2025-10-31T20:00:00.000-00:00
- Lot Size Square Feet: 39795
Apples-to-Apples Comparables
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Price History
03/17/2026
Date
Price Reduced
Event
$650K
Price
-2.99%
Change Rate
$16 ft2 / $176 m2
Price Per
03/16/2026
Date
Price Reduced
Event
$670K
Price
-2.76%
Change Rate
$17 ft2 / $181 m2
Price Per
01/14/2026
Date
Listed
Event
$689K
Price
$17 ft2 / $186 m2
Price Per
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Julian Prieto Avila • Partnership Realty Inc. • Buyer Agency Compensation .
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