Sold Jul 24, 2026
$660,000Offered at $635,000Under Contract
- beds
- 2
- baths
- 2
- sq ft
- 1,402
- Built
- 1940
3825 Lakewood Road #A
Palm Springs, FL 33461
About this home
Prime Multifamily Development Opportunity - Nearly 1 Acre in High-Demand Area. Rare opportunity to acquire a 0.88-acre parcel with multifamily zoning (RM-15) allowing for up to 5 units—ideal for investors and developers looking to capitalize on strong rental demand in Palm Beach County. Situated on a generously sized lot, this property offers exceptional redevelopment potential with ample space for new construction, parking, and modern design layouts. The existing structure provides flexibility for interim use or income while plans are developed.. Asking price is based on the value of the build-able land & home. Measurements are approx., subject to errors, omission and changes without notice.
Listing last checked: Listing updated:
Listed by Devin J Hill · Rook Realty LLC · MLS #B26005257
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Details at a glance
Interior3 property facts
- Heating
- Other
- Cooling
- Other
- Flooring
- Other
Building4 property facts
- Style
- Single Family Residence
- Year built
- 1940
- Parking
- 1
- Roof
- Composition, Other, Shingle
Land & utilities4 property facts
- Lot size
- 0.88 acres
- Water
- Public, Other
- Sewer
- Public Sewer
- Zoning
- RM (city)
Financial2 property facts
- Annual taxes
- $9,095
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $635,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$3,969 / monthAdjust
- Principal & interest
- $3,211
- Property tax
- $758
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $9,095. 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
- Sld
$269,900 · Sold $250,000 · Nov 26, 2018
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About 3825 Lakewood Road #A
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