1302 S FEDERAL Highway, Lake Worth Beach, FL 33460

$575,000
Property Type: Residential Income Square Footage: 1,757 Status: Pending
Current Price: $575,000 List Date: 8/21/2026 Last Modified: 9/29/2026

Overview

Description

OWNER FINANCING - Available!!! Exceptional Duplex Investment & Development Opportunity in Lake Worth Beach! Situated on two lots totaling approximately 100 feet of frontage on Federal Highway by 135 feet deep, this versatile property offers multiple possibilities for investors, developers, or owner-occupants. The property is currently configured as a duplex featuring a spacious 3-bedroom, 2-bath residence plus a 1-bedroom, 1-bath unit. The property offers an opportunity to maintain the existing income-producing property while exploring additional development potential on the south lot. Zoned MU-FH - Mixed Use Federal Highway, the property offers both multifamily and mixed-use commercial potential.

Supplements: A buyer may consider retaining the existing duplex and developing an additional structure on the adjacent lot, or potentially clearing and redeveloping the site. Previous information indicates the possibility of development of up to approximately 14 units when utilizing applicable affordable-housing incentives, subject to verification and approval ...

Listing Details MLS# B26066751

General Property Information

Number Of Units Total
2
Property Sub Type
Duplex
Building Area Main
1757
Building Area Source
Public Records
Living Area Main
1356
Living Area Source
Appraiser
Adjusted Area Main
1458
Accessibility Features YN
No
Year Built
1960
Parking Total
5
Gated Community YN
No
Lot Size Area
13250
Lot Size Acres
0.3
Senior Community YN
No
Land Lease YN
No
Recreation Lease YN
No
Outdoor Living Spaces YN
Yes
Stories Total
Yes
Stories
Yes
Pool Private YN
No
Spa YN
No
LP/Assessed Value
1.14

Property Features

Documents Available: Copy Of Lease(s); Deposit - Last Months Rent; Deposit - Security Electric: Three Phase Exterior Features: Garden Fencing: Fenced Flooring: Ceramic Tile; Tile; Vinyl Leasing Permitted Details: Okay To Lease; Short Term Rentals Allowed Property Condition: Resale Special Listing Conditions: Standard Structure Type: Duplex Tenant Pays: Electricity; Sewer; Water Construction Materials: CBS; Stucco Cooling: Wall/Window Unit(s) Heating: Window/Wall Laundry Features: Laundry Room Listing Terms: Cash; Conventional; VA Loan Main Living Area: Entry Level Other Structures: Storage Pets Allowed YN: Yes Pets Allowed: Cats OK; Dogs OK Possession: Close Of Escrow Restrictions: No Restrictions Road Frontage Type: East of US-1 Roof: Composition Sewer: Public Sewer Special Information: Sold As-Is Sprinkler Description: None Tax Information: City/County; No Homestead Utilities: Electricity Available; Sewer Available; Water Available View: Garden Water Access: None Water Source: Public Showing Requirements: Schedule Online Outdoor Living Spaces: Patio; Porch Patio Details: Patio - Open Porch Details: Porch - Open Unit 1 Appliances: Range; Refrigerator Unit 1 Interior Features: Built-in Shelves; Walk-In Closet(s) Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 1 Parking Features: Open Parking; Parking Space Unit 1 Rooms: Kitchen; Laundry Room Unit 2 Appliances: Microwave; Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Open Parking Unit 2 Rooms: Kitchen; Laundry Room Contingencies: Other Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
580000
Negotiable Seller Concessions YN
Yes
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
1302
Street Direction Prefix
S
Street Name
FEDERAL
Street Suffix
Highway
City Name
Lake Worth Beach
Municipality Type
Incorporated
Municipal Code
38
State Or Province
FL
Postal Code
33460
Postal Code +4
5639
Postal Zip
33460
Subdivision Name
LAKE WORTH TOWN OF ADD 1
Area
5640
Geographic Area
PB16
Elementary School
Barton
Middle Or Junior School
Lantana Community
High School
Lake Worth
Special Assessment YN
No
Parcel Number
38434427010670070
Subdivision Number
Yes
Zoning
MU-FH (city)
Flood Zone
AE,X
Multiple Offers Accepted
Yes

Financial Information

Application Required YN
No
Master Association YN
No
Tax Annual Amount
11406.79
Tax Year
2025
Tax Assessed/SOH Value
504722
Tax Legal Description
ADD 1 TO TOWN OF LAKE WORTH LT 7 /LESS W 5 FT/ & LT 8 BLK 67
Assessor Market Value
504722

Status Change Information

Major Change Timestamp
2026-09-29T01:14:08Z
Major Change Type
Status Change
Price Change Timestamp
2026-08-27T18:29:25Z
Status Change Date
2026-09-28
Under Contract Type
Pending
Under Contract Date
2026-09-28

More Information

Co-Ownership

Property Management YN
No

Leasing Permitted Details

Leasing Permitted YN
Yes

Meter Information

Separate Electric Meters YN
No
Separate Gas Meters YN
No
Separate Water Meters YN
No

Pet Details

Pet Fee YN
No

Leasing Restrictions

Leasing - Max Times Per Year
365
Leasing - Minimum Number of Days
Yes

Storm Protection

Impact Glass
Complete
Panel Shutters
Complete

Unit 1 Details

Actual Rent
1400
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
417

Unit 1 Lease Description

Currently Leased YN
No

Unit 1 Parking Details

Carport YN
No
Garage YN
No

Unit 2 Details

Actual Rent
2750
Baths Full
3
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
939

Unit 2 Lease Description

Currently Leased YN
No

Unit 2 Parking Details

Carport YN
Yes
Attached Carport YN
Yes
Garage YN
No

Price Calculations

Current Price To SqFt
424.04

Originating Details

Originating System Key
20260820232614134488000000
Originating System ID
M00000170
IDX
Listing Office: RE/MAX Direct
Source MLS Verified
Last Updated: September - 29 - 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.
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