4160 42nd Avenue S, Lake Worth, FL 33463

$650,000

Virtual Tour

https://www.propertypanorama.com/4160-42nd-Avenue-Lake-Worth-FL-33463/unbranded

Property Type: Land & Docks Lot Size (sq. ft.): 39,795 Status: Active

Current Price: $650,000 List Date: 1/30/2026 Last Modified: 4/24/2026

Overview

Description

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.

Listing Details MLS# R11137083

General Property Information

Transaction Type: Listing For Sale
Property Sub Type: Unimproved Land
Lot Size Acres: 0.91
Lot Size Square Feet: 39795
Lot Size Dimensions: 262x151
Lot Depth: 151
Lot Frontage: 262
Direction Faces: South
LP/SqFt: 16.33

Property Features

Current Use: Multi-Family Development Status: Raw Land Documents Available: Building Plan; Plans; Soil Boring Test; Survey Location of Property: County Location Possession: Close Of Escrow Possible Use: Commercial Sewer: Public Sewer Trees: Mostly Pines; None Utilities: Sewer Available; Water Available Vegetation: Grassed Listing Terms: Cash; Conventional Lot Features: Cleared Road Responsibility: Public Maintained Road Road Surface Type: Paved Water Source: Public Showing Requirements: Call Listing Agent; No Appointment Elevation Description: 0-5 Feet Above Sea Level Acreage Description: 1/2 To Less Than 1 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 689000
Owner Phone: 5615285104
Negotiable Seller Concessions YN: Yes
Listing Service: Full Service
LP/Acre: 714285.71
LP/Frontage: 2480.92

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 4160
Street Name: 42nd
Street Suffix: Avenue
Street Direction Suffix: S
City Name: Lake Worth
State Or Province: FL
Postal Code: 33463
Postal Zip: 33463
Subdivision Name: N/A
Area: 5700
Geographic Area: PB17
Elementary School: Diamond View
Middle Or Junior School: Tradewinds
High School: Lake Worth
Parcel Number: 00424425000001040
Zoning: RM—MULTI-FAMILY
Directions: From I-95, take the 10th Avenue North exit and head west.Turn left (south) onto Kirk Road. Turn right onto 42nd Avenue South — the property will be on your right-hand side, just west of Kirk Road

Financial Information

Master Association YN: No
Membership Fee Required YN: No
Tax Year: 2025
Tax Annual Amount: 3890
Tax Legal Description: 25-44-42, E 1/2 OF W 1/2 OF SW1/4 OF NE 1/4 OF NE 1/4 (LESS S 340 FT, N 70 FT CNL & W 15 FT 42ND AVE S R/W)
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-03-17T17:03:55Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-03-17T17:03:55Z
Status Change Date: 2026-01-30

More Information

Qualifying Requirements

Minimum Credit Score YN: No

Originating Details

Originating System Key: 20251029212002171636000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Documents Available

Building Plan: Yes
Plans: Yes
Soil Boring Test: Yes
Survey: Yes

Current Use

Multi-Family: Yes

Development Status

Raw Land: Yes

Location of Property

County Location: Yes

Possession

Close Of Escrow: Yes

Possible Use

Commercial: Yes

Sewer

Public Sewer: Yes

Trees

Mostly Pines: Yes
None: Yes

Utilities

Sewer Available: Yes
Water Available: Yes

Vegetation

Grassed: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Cleared: Yes

Road Responsibility

Public Maintained Road: Yes

Road Surface Type

Paved: Yes

Water Source

Public: Yes

Showing Requirements

Call Listing Agent: Yes
No Appointment: Yes

Elevation Description

0-5 Feet Above Sea Level: Yes

Acreage Description

1/2 To Less Than 1 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Listing Office: Partnership Realty Inc.

Last Updated: April - 24 - 2026

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4160 42nd Avenue S, Lake Worth, FL 33463 (MLS# R11137083)