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4614 Gulfstream Road, Lake Worth, FL 33461
Active
1 Day on Market
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$1,250,000

4614 Gulfstream Road

Lake Worth, FL 33461

Covenant Villas

Explore the area: Lake Worth homes for sale · Palm Beach County real estate

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.

0
Bedrooms
0
Bathrooms
0
Living Sq Ft
N/A
Year Built

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.

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Listing 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 link

General 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
Homes for Sale
2
Under Contract
0
Median List Price
$1,250,000
Median $/Sq Ft
$77
Avg Days on Market
1
View all 2 homes for sale in Covenant Villas →
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

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Listed by Brett A Colby, RE/MAX Direct

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