4160 42ND Avenue S, Lake Worth, FL 33461 (MLS# B26078789)

4160 42ND Avenue S, Lake Worth, FL 33461

$650,000

Virtual Tour

https://www.propertypanorama.com/4160-42ND-Avenue-S-Lake-Worth-FL-33461/unbranded

Property Type: Land & Docks Lot Size (sq. ft.): 39,640 Status: Active

Current Price: $650,000 List Date: 9/21/2026 Last Modified: 9/29/2026

Overview

Description

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 Details MLS# B26078789

General Property Information

Transaction Type: Listing For Sale
Property Sub Type: Unimproved Land
Lot Size Acres: 0.91
Lot Size Square Feet: 39639.6
Lot Depth: 151
Property Description: VACANT RESIDENTIAL
Waterfront YN: Yes
Lot Frontage: 262
LP/SqFt: 16.4

Property Features

Current Use: Multi-Family Development Status: Site Plan Approved Documents Available: Plans; Soil Boring Test; Survey Environmental Audit: None Fencing: None Possession: Close Of Escrow Possible Use: Multi-Family Sewer: Public Sewer Special Listing Conditions: Standard Utilities: Electricity Available; Sewer Available; Water Available Listing Terms: Cash; Conventional Road Frontage Type: City Street Road Surface Type: Paved Tax Information: County Only Water Source: Public Elevation Description: 0-5 Feet Above Sea Level Acreage Description: 1/2 To Less Than 1 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 650000
Listing Service: Full Service
LP/Acre: 714285.71
LP/Frontage: 2480.92

Location and Legal

Country: United States
County Or Parish: Palm Beach
Street Number: 4160
Street Name: 42ND
Street Suffix: Avenue
Street Direction Suffix: S
Municipality Type: Unincorporated
Municipal Code: 00
State Or Province: FL
Postal Code: 33461
Subdivision Name: N/A
Area: 5700
Geographic Area: PB17
Elementary School: Diamond View
Middle Or Junior School: Tradewinds
High School: Lake Worth
Parcel Number: 00424425000001040
Zoning: RM-5
Flood Zone: X
County Land Use: 00

Financial Information

Master Association YN: No
Membership Fee Required YN: No
Tax Year: 2025
Tax Annual Amount: 3893.19
Tax Legal Description: 25-44-42~ E 1/2 OF W 1/2 OF SW1/4 OF NE 1/4 OF NE 1/4 (LESS S 340 FT~ N 70 FT CNL & W 15 FT 42ND AVE S R/W)

Status Change Information

Major Change Timestamp: 2026-09-21T18:27:57Z
Major Change Type: New Listing
Status Change Date: 2026-09-21

More Information

Originating Details

Originating System Key: 20260921180235825168000000
Originating System ID: M00000170

Listing Office: Partnership Realty Inc.

Last Updated: September - 29 - 2026

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