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Sold
2 Days on Market
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$340,000

Sold · August 15, 2025

7407 Cocoanut Drive

Lake Worth, FL 33467

PALM BEACH FARMS CO PL NO 3

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

What this home sold for

Sold price
$340,000
Vs. list price
2.9% under
Days on market
2
Price per sq ft
$310

This 3-bedroom single-family home in ZIP 33467 sold for $340,000 on August 15, 2025. That was 2.9% below its final list price of $350,000. It spent 2 days on the market. At $310 per square foot, it closed 7.3% above the $289 median of the 6 other single-family home sales in the recent closings shown below.

3
Bedrooms
2
Bathrooms
1,098
Living Sq Ft
1986
Year Built

Listing Snapshot

Sold Price
$340,000
Sold On
August 15, 2025
Days on Site
2 Days
Bedrooms
3
Total Baths
2
Full Baths
2
Partial Baths
0
Living Area
1,098 sqft
Total Sq Ft
1,152 sqft
Lot Size
0.22 Acres
Year Built
1986
Property Type
Single Family
MLS #
R11111427
Property Tax
$1,743 (2024)
Subdivision
PALM BEACH FARMS CO PL NO 3
County
Palm Beach
Status
Sold

About This Property

Lowest priced 3/2 single family CBS home in all of Palm Beach County and especially in THE Palm Beach Farms. Perfect for a fix and flip, buy and hold, DSCR opportunity, or a starter home for a family ready to take on a project. Strong layout with good sized bedrooms and an open kitchen and living area. Zoned AR - Agricultural Residential with plenty of space to add a pool, entertain, or park your toys and/or work trucks. Solar system already installed to help reduce your electric bill. Serious value here so schedule your tour before it's gone.

MLS media link

General Features

Property Type
Single Family
Status
Sold
Year Built
1986
Property Condition
Resale
Number of Stories
1
Levels
One
Garage Spaces
0
Direction Faces
South
Lot Size (Acres)
0.22
Living Sq Ft
1,098
Total Sq Ft
1,152
Sewer
Septic Tank
Water Source
Public
Zoning
AR

Interior Features

Appliances
Dryer / Electric Range / Microwave / Refrigerator / Washer
Cooling
Central Air
Heating
Central
Interior Features
None / Walk In Closets
Laundry
Inside / Laundry Closet
Main Level Bedrooms
3
Main Level Baths
2
Furnished
Unfurnished

Exterior Features

Construction
Block
Waterfront Features
None

Community & HOA

Community Features
Equestrian Facilities
Utilities
Water Available
Pets Allowed
No Pet Restrictions / Yes
Financing Terms
Cash / Conventional / FHA / Va Loan
Restrictions
No Restrictions
MLS Area
5760

Lake Worth homes for sale start under $350K, well below Palm Beach and Boca Raton entry points. The city, officially renamed Lake Worth Beach in 2019, sits on the Intracoastal with ocean access 2 miles east via A1A. Most of the housing stock is 1950s to 1980s bungalow: 3-bedroom homes in the core grid sell from $325K to $550K. Intracoastal properties start at $900K. The downtown Federal Highway corridor added 30+ businesses since 2018. Bryant Park has a pool, tennis courts, and a public boat ramp. Palm Beach International Airport is 8 miles north. I-95 is within 2 miles of most addresses.

Homes for Sale
661
Under Contract
224
Median List Price
$419,900
Median Sale Price (September)
$499,950
Median $/Sq Ft
$250
Avg Days on Market
103
View all 661 homes for sale in Lake Worth →
How do I schedule a tour of 7407 Cocoanut Drive, Lake Worth, FL 33467?
Use the Tour button on this listing to request a showing of 7407 Cocoanut Drive, Lake Worth, FL 33467. 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 7407 Cocoanut Drive, Lake Worth, FL 33467 still available?
7407 Cocoanut Drive, Lake Worth, FL 33467 is currently listed as Sold, and has been on the market 2 days. 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 7407 Cocoanut Drive, Lake Worth, FL 33467?
With 20% down ($70,000) on the $350,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 7407 Cocoanut Drive, Lake Worth, FL 33467 is about $1,839/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 7407 Cocoanut Drive, Lake Worth, FL 33467?
Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 7407 Cocoanut Drive, Lake Worth, FL 33467. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
Can I negotiate the price of 7407 Cocoanut Drive, Lake Worth, FL 33467?
Often, yes. The right offer on 7407 Cocoanut Drive, Lake Worth, FL 33467 depends on how it's priced against comparable single family 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 Business Exit Advisors Commercial Real Estate LLC

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 July 1, 2026.

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Listed by Abner Alvarez, Business Exit Advisors Commercial Real Estate LLC

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