$1,250,000
4614 Gulfstream Road
Lake Worth, FL 33461
Explore the area: Lake Worth homes for sale · Palm Beach County real estate
Price Check
How this price compares
- List price
- $1,250,000
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 1
This lot in ZIP 33461 is listed at $1,250,000. It has been on the market for 1 day.
Estimated monthly payment
$6,569 /mo
Principal and interest only, based on $250,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,250,000
- Days on Site
- 1 Days
- Bedrooms
- 0
- Total Baths
- 0
- Lot Size
- 1.83 Acres
- Property Type
- Land
- MLS #
- B26089882
- Property Tax
- $9,362 (2025)
- Subdivision
- Covenant Villas
- Development
- Covenant Villas
- County
- Palm Beach
- Status
- Active
- Special Conditions
- Standard / Listed As Is
About This Property
Bring your vision to unincorporated Lake Worth! A compelling opportunity for investors, builders, and developers to acquire 1.83 acres in the heart of Lake Worth, Florida, with the potential for a 20-unit multifamily development. This property offers a head start for future development, with several key approvals previously secured, significantly advancing the preliminary planning process. Zoning, water utility, right-of-way, drainage, and Health Department permits have already been previously approved, providing a valuable foundation for the next phase of development. Completed building plans are also available and attached to the MLS, offering additional value and a head start for prospective developers. The proposed unit mix consists of 17 two-bedroom, two-bathroom units and 3 one-bedroom, one-bathroom units. Based on comparable rental rates, the projected rental income could reach approximately $44,500 per month, or $534,000 annually, assuming all 20 units are rented at the estimated market rates of $2,300 per month for the two-bedroom units and $1,800 per month for the one-bedroom units. These figures represent potential gross rental income before expenses, vacancy, and other operating costs. Ideal for investors seeking their next project, builders looking to expand their portfolio, or developers pursuing multifamily opportunities in a central Lake Worth location. With substantial preliminary work already completed, this property presents an opportunity to build on the progress made and explore its full development potential. Buyer to independently verify zoning, approvals, development feasibility, and all intended uses with the appropriate authorities. Seller is open to seller financing.
MLS media linkGeneral Features
- Property Type
- Land
- Status
- Active
- Direction Faces
- West
- Lot Size (Acres)
- 1.83
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- RM
Exterior Features
- Lot Features
- One To Two Acres / Cleared / City Lot / Drainage / Oversized Lot / Other / Residential Lot
Community & HOA
- Utilities
- Electricity Available / Natural Gas Available / Water Available
- Financing Terms
- Cash / Conventional / Owner May Carry
- MLS Area
- 5700
Schools
- Elementary School
- Starlight Cove
- Middle School
- Tradewinds
- High School
- Lake Worth
About the Community
- Homes for Sale
- 2
- Under Contract
- 0
- Median List Price
- $1,250,000
- Median $/Sq Ft
- $77
- Avg Days on Market
- 1
Frequently Asked Questions
- How do I schedule a tour of 4614 Gulfstream Road, Lake Worth, FL 33461?
- Use the Tour button on this listing to request a showing of 4614 Gulfstream Road, Lake Worth, FL 33461. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 4614 Gulfstream Road, Lake Worth, FL 33461 still available?
- 4614 Gulfstream Road, Lake Worth, FL 33461 is currently listed as Active, and has been on the market 1 day. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 4614 Gulfstream Road, Lake Worth, FL 33461?
- With 20% down ($250,000) on the $1,250,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 4614 Gulfstream Road, Lake Worth, FL 33461 is about $6,569/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 4614 Gulfstream Road, Lake Worth, FL 33461?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 4614 Gulfstream Road, Lake Worth, FL 33461. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 4614 Gulfstream Road, Lake Worth, FL 33461?
- 4614 Gulfstream Road, Lake Worth, FL 33461 is zoned for Starlight Cove (elementary), Tradewinds (middle), Lake Worth (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 4614 Gulfstream Road, Lake Worth, FL 33461?
- Often, yes. The right offer on 4614 Gulfstream Road, Lake Worth, FL 33461 depends on how it's priced against comparable land sales in Lake Worth, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of RE/MAX Direct
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated November 14, 2026.
$1,250,000
Interested in This Property?
Contact us to schedule a showing or ask a question.
Own a home near this one? See what it would sell for today
Listed by Brett A Colby, RE/MAX Direct
Map & Location
Featured Communities
Cities in Palm Beach County
Zip Codes in Palm Beach County
Property Types
Recent Sales
Recently sold homes in ZIP 33461
These are the last 6 recorded closings in ZIP 33461, with the price each home actually sold for rather than what it was listed at. They closed at a median of $243 per square foot. The most recent closed on November 10, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
- Photo Coming SoonSold
$423,000
Sold · November 10, 2026
3214 FRENCH Avenue
3 bed · 2 bath · 1,121 sqft · $377/sqft
Sold$60
Sold · November 6, 2026
770 Lori Drive 245
1 bed · 1.5 bath · 901 sqft
$64,940 under the asking price
- Photo Coming SoonSold
$405,000
Sold · November 6, 2026
216 TAM O SHANTER Drive
3 bed · 2 bath · 1,666 sqft · $243/sqft
$44,000 under the asking price
Sold$45,000
Sold · November 5, 2026
2668 Garden Drive N 311
2 bed · 1 bath · 894 sqft · $50/sqft
Sold$555,000
Sold · November 2, 2026
156 Granada Drive
3 bed · 2 bath · 1,579 sqft · $351/sqft
Sold$47,000
Sold · October 30, 2026
2770 S Garden Drive 304
2 bed · 1 bath · 894 sqft · $53/sqft
$2,999 under the asking price
See every recorded sale in ZIP 33461 or find out what your ZIP 33461 home is worth.







