502 S Palmway, Lake Worth Beach, FL 33460

New Listing

$950,000

Virtual Tour

https://www.propertypanorama.com/502-S-Palmway-Lake-Worth-Beach-FL-33460/unbranded

Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 3,573 Status: Active

Current Price: $950,000 List Date: 5/04/2026 Last Modified: 5/04/2026

Overview

Description

An exceptional opportunity to build an estate on this expansive 121 x 150 corner lot. Ideally positioned with the Intracoastal Waterway just across the street, this premier parcel offers an unparalleled setting for luxury coastal living. Surrounded by multimillion-dollar homes, the property's generous size is perfect for a grand residence with a private outdoor oasis and resort-style amenities. Located just minutes from Palm Beach Island and Downtown West Palm Beach, with pristine beaches nearby, this location offers both exclusivity and convenience. Existing structure is original and being sold as-is. Tenant-occupied month-to-month; do not disturb. No interior access.

Listing Details MLS# B26023895

General Property Information

Number Of Units In Community: Yes
Total Units In Building: 2
Property Sub Type: Single Family Residence
Bedrooms Total: 5
Bathrooms Total: 5
Bathrooms Full: 4
Bathrooms Half: Yes
Building Area Main: 3573
Building Area Source: Public Records
Living Area Main: 2829
Living Area Source: Other
Adjusted Area Main: 3035
Accessibility Features YN: No
Year Built: 1952
Garage YN: Yes
Attached Garage YN: Yes
Garage Spaces: 2
Covered Spaces: 2
Parking Total: 2
Gated Community YN: No
Lot Size Area: 18150
Lot Size Acres: 0.42
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 2
Stories: 2
Direction Faces: East
Fireplace YN: No
Pool Private YN: Yes
Furnished: Negotiable
LP/Assessed Value: 3.25

Property Features

Dining Area: Breakfast Area; Family/Dining Combination Flooring: Wood Parking Features: On Street; Open; Attached Garage; Garage Property Condition: Resale Special Listing Conditions: Standard Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Washer Architectural Style: Other Construction Materials: CBS Cooling: Ceiling Fan(s); Central Air Fencing: Fenced Heating: Central Interior Features: Bedroom Layout - Split; Built-in Features; Entrance Foyer; Pull Down Stairs; Upstairs Living Area; Walk-In Closet(s) Laundry Features: Inside; Laundry Closet; Laundry Tub; Washer Hookup Levels: Multi/Split Listing Terms: Cash; Conventional Lot Features: Sidewalks Pets Allowed YN: Yes Pets Allowed: No Restrictions Pool Features: Equipment Included; In Ground Possession: Close Of Escrow Restrictions: No Restrictions Road Frontage Type: East of US-1 Road Surface Type: Paved Roof: Concrete; Tile Security Features: Security System; Smoke Detector(s) Sewer: Public Sewer Special Information: Sold As-Is Sprinkler Description: Auto Sprinkler Structure Type: House Tax Information: City/County Unit Description: Corner/End Unit Utilities: Sewer Available; Water Available View: Other Water Access: None Water Source: Public Water View: Intracoastal Window Features: Blinds; Drapes Showing Requirements: Call Listing Agent; Listing Agent Must Accompany; Occupied Occupant Details: Owner Occupied Outdoor Living Spaces: Balcony; Patio; Porch Balcony Details: Balcony - Open Patio Details: Patio - Open Porch Details: Porch - Open Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Convertible Bedroom; Den; Dining Room; Family Room; Garage Converted; Great Room; Kitchen; Laundry; Living Room; Master Bedroom; Utility Room

Contract Information

Comp Sale YN: No
Original List Price: 950000
Listing Service: Full Service

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 502
Street Direction Prefix: S
Street Name: Palmway
City Name: Lake Worth Beach
Municipality Type: Incorporated
Municipal Code: 38
State Or Province: FL
Postal Code: 33460
Postal Code +4: 4637
Postal Zip: 33460
Subdivision Name: LAKE WORTH TOWN OF ADD 1
Area: 5610
Geographic Area: PB16
Elementary School: South Grade
Middle Or Junior School: Lake Worth
High School: Lake Worth
Special Assessment YN: No
Parcel Number: 38434427010040080
Subdivision Number: Yes
Zoning: SF-R (city)
Flood Zone: AE
Directions: 6th Avenue East then Left on S Palm Way its the last house on the right.

Financial Information

Application Required YN: No
Master Association YN: No
Membership Fee Required YN: No
Tax Annual Amount: 5980.61
Tax Year: 2025
Tax Assessed/SOH Value: 292324
Tax Legal Description: ADD 1 TO TOWN OF LAKE WORTH LTS 8 & 9 BLK 4
Assessor Market Value: 726216
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-05-04T17:09:17Z
Major Change Type: New Listing
Status Change Date: 2026-05-04

More Information

Entry Information

Entry Location: Entry Level Living Area Y

Capital Contributions

Capital Contributions YN: No

Main Level Rooms

Main Level Bathrooms: 5
Main Level Bedrooms: 4

Pet Details

Pet Fee YN: No

Pool Size Details

Pool Size (WxL): 30 x 18

Showing Details

Pet(s) on Premises: Yes

Room Types

Bedroom 2 Level: First
Bedroom 3 Level: First
Bedroom 4 Level: First
Dining Room Level: First
Kitchen Level: First
Living Room Level: First
Master Bedroom Level: First
Utility Room Level: First
Bedroom 2: Yes
Bedroom 3: Yes
Bedroom 4: Yes
Convertible Bedroom: Yes
Den: Yes
Dining Room: Yes
Family Room: Yes
Garage Converted: Yes
Great Room: Yes
Kitchen: Yes
Laundry: Yes
Living Room: Yes
Master Bedroom: Yes
Utility Room: Yes

Price Calculations

Current Price To SqFt: 335.8

Originating Details

Originating System Key: 20260504165651473703000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Dining Area

Breakfast Area: Yes
Family/Dining Combination: Yes

Flooring

Wood: Yes

Parking Features

On Street: Yes
Open: Yes
Attached Garage: Yes
Garage: Yes

Property Condition

Resale: Yes

Special Listing Conditions

Standard: Yes

Fencing

Fenced: Yes

Structure Type

House: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Special Information

Sold As-Is: Yes

Utilities

Sewer Available: Yes
Water Available: Yes

View

Other: Yes

Heating

Central: Yes

Sprinkler Description

Auto Sprinkler: Yes

Unit Description

Corner/End Unit: Yes

Water Access

None: Yes

Water View

Intracoastal: Yes

Window Features

Blinds: Yes
Drapes: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Range: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

CBS: Yes

Interior Features

Bedroom Layout - Split: Yes
Built-in Features: Yes
Entrance Foyer: Yes
Pull Down Stairs: Yes
Upstairs Living Area: Yes
Walk-In Closet(s): Yes

Laundry Features

Inside: Yes
Laundry Closet: Yes
Laundry Tub: Yes
Washer Hookup: Yes

Levels

Multi/Split: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Sidewalks: Yes

Pool Features

Equipment Included: Yes
In Ground: Yes

Road Frontage Type

East of US-1: Yes

Road Surface Type

Paved: Yes

Roof

Concrete: Yes
Tile: Yes

Security Features

Security System: Yes
Smoke Detector(s): Yes

Water Source

Public: Yes

Architectural Style

Other: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Showing Requirements

Call Listing Agent: Yes
Listing Agent Must Accompany: Yes
Occupied: Yes

Master Bedroom/Bath

Dual Sinks: Yes
Master Bdrm - Ground: Yes
Master Bdrm - Sitting: Yes
Spa Tub & Shower: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

No Restrictions: Yes

Restrictions

No Restrictions: Yes

Tax Information

City/County: Yes

Occupant Details

Owner Occupied: Yes

Outdoor Living Spaces

Balcony: Yes
Patio: Yes
Porch: Yes

Balcony Details

Balcony - Open: Yes

Patio Details

Patio - Open: Yes

Porch Details

Porch - Open: Yes

Room Information

Room Name	Length	Width	Level	Remarks
Living Room	21.00	15.00	First
Dining Room	15.00	18.00	First
Kitchen	15.00	18.00	First
Master Bedroom	24.00	20.00	First	FIRST FLOOR
Bedroom 2	15.00	18.00	First
Bedroom 3	16.00	13.00	First
Bedroom 4	17.00	16.00	First
Utility Room	14.00	24.00	First
Convertible Bedroom
Family Room
Great Room
Garage Converted
Laundry
Den

Listing Office: Compass Florida LLC

Last Updated: May - 04 - 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.

502 S Palmway, Lake Worth Beach, FL 33460 (MLS# B26023895)