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$ 625,000
Est. payment | /mo
1.32 Acres Lot
$ 625,000
Est. payment | /mo
1.32 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Palm Beach Farms Co 7
MLS Listing ID A12067069
HOA Y/N No
Annual Tax Amount $7,668
Tax Year 2025
Lot Size 1.320 Acres
Acres 1.32
Property Sub-Type Residential
Property Description
Rare 1.32-acre multifamily development site in the Lake Worth corridor — one of the few RM-zoned parcels of this size still available in unincorporated Palm Beach County. Approximately 57,499 SF with direct frontage on Gulfstream Road, this parcel carries RM Residential Multi-Family zoning and an MR-5 future land use designation (5 units per acre base) — a true blank canvas for developers, owner-builders, and build-to-rent investors.
The L-12 Drainage Canal along the north boundary creates a permanent buffer and eliminates a rear neighbor, an advantage for site layout and unit orientation. With entitled and pending development land in this submarket trading well above raw-land pricing, a buyer can absorb the entitlement process and still compete on an all-in basis. Nearby approvals have supported 10-unit projects through the county's site-plan and TDR process.
Persistent South Florida construction demand and thin supply of developable multifamily land continue to define this corridor. With convenient access to I-95 and greater West Palm Beach, 4137 Gulfstream Road offers scale and flexibility. Sold as vacant land, no site plan or permits..
The L-12 Drainage Canal along the north boundary creates a permanent buffer and eliminates a rear neighbor, an advantage for site layout and unit orientation. With entitled and pending development land in this submarket trading well above raw-land pricing, a buyer can absorb the entitlement process and still compete on an all-in basis. Nearby approvals have supported 10-unit projects through the county's site-plan and TDR process.
Persistent South Florida construction demand and thin supply of developable multifamily land continue to define this corridor. With convenient access to I-95 and greater West Palm Beach, 4137 Gulfstream Road offers scale and flexibility. Sold as vacant land, no site plan or permits..
Location
State FL
County Palm Beach
Community Palm Beach Farms Co 7
Area 5710
Exterior
Private Pool Yes
Building
Lot Description 1-2 Acres
Faces North
Others
Restrictions No Deed Restrictions
Tax ID 00434430010200011
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12067069
Listed by Onecore Realty, Inc.
Nearby Locations
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