Sold Aug 17, 2026
$700,000About this home
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 last checked: Listing updated:
Listed by Julian Prieto Avila · Partnership Realty Inc. · MLS #B26078789
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Details at a glance
Building1 property facts
- Style
- Unimproved Land
Land & utilities5 property facts
- Lot size
- 0.91 acres
- Water
- Public
- Sewer
- Public Sewer
- Waterfront
- Y
- Zoning
- RM-5
Financial2 property facts
- Annual taxes
- $3,893
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $650,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$3,611 / monthAdjust
- Principal & interest
- $3,287
- Property tax
- $324
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $3,893. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- Ter
$650,000 · Oct 29, 2025
- Sld
$230,000 · Sold $230,000 · Jul 1, 2021
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About 4160 42ND Avenue S
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