Residential Land for Sale in Lake Worth Beach, Florida
4160 42nd Ave S, Lake Worth Beach, FL 33461
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.
Location
- Street address
- 4160 42nd Ave S
- County
- Palm Beach County
- Zip code
- 33461
- Elevation
- 17 feet
Property details
- Lot size
- 0.91 acres39,640 sq ft
- Zoning
- RM-5
- MLS #
- RMLS B26078789
- Posted
Property taxes
- 2025
- $3,893
Parcels
- 00424425000001040
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)
Details and features
Listing
- Type
- Land
Lot
- Waterfront
- Yes
Structure
- Water
- Public
- Sewer
- Public Sewer
Property utilities
| Category | Type | Status |
|---|---|---|
| Water | Public | Available |
Nearby schools
| Name | Type |
|---|---|
| Diamond View | Elementary |
| Tradewinds | Middle |
| Lake Worth | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 21, 2026 | New listing | $650,000 | — | RMLS |