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Lake Worth Development Opportunity
For Sale
Under Contract
$675,000

3716 Elaine Drive, Lake Worth, FL 33463

Land & Docks, Lake Worth, FL

Property SizeContact for details
Lot Size1.41 Acres
Days on Market621

Property Features for 3716 Elaine Drive

General Information

Property type Commercial Sale
Property subtype Other
Zoning RM
Vegetation Grassed
Lot features Cleared
Directions North of lake worth road and west on boatman
Subdivision 5720
Standard status Active Under Contract
APN 00424424000007200
Lot size 1.41 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description 24-44-42~ N 154 FT OF S 308 FTOF W 1/2 OF SE 1/4 OF NW 1/4 OF SW 1/4
Tax Annual Amount 4922
Legal Description 24-44-42~ N 154 FT OF S 308 FTOF W 1/2 OF SE 1/4 OF NW 1/4 OF SW 1/4

Utilities

Utilities Water Available
Water source Public
Listing Agency: KW Innovations · Keller Williams Realty
Listed By: Ahmed Ribhi Abdeldayem PA · License #3309101
Added: Jan 8, 2025 Changed: Sep 20 Last Checked: Sep 21 at 5:06AM
MLS# R11050321

Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1.41-acre property is located in central Lake Worth. The property consists of two parcels zoned MR-5, making it suitable for multi-family development. It was previously approved for 8 townhomes. The location provides convenient access to local amenities and major roads. This property presents a development opportunity in a sought-after location.

Key Highlights

  • 1.41‑acre property zoned MR‑5 for multi‑family development
  • Previously approved for 8 townhomes
  • Prime location in central Lake Worth

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Pharmacy Gym & Fitness Center Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,177
Businesses Nearby

Demographics for 33463, FL

64,608
Population
22,696
Households
2.8
Avg Household Size
37
Median Age
25%
College-Educated
82%
High-School Grad
10.8 sq mi
ZIP Area
5,982
Density / Sq Mi
$68,697
Median Household Income
$34,846
Median Earnings
$1,721
Median Rent
$326,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - 1.41-acre property zoned for multi-family development in Lake Worth.
Where is this residential land & home lot located?
The property is located at 3716 Elaine Drive Lake Worth, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1.41‑acre property zoned MR‑5 for multi‑family development; Previously approved for 8 townhomes; Prime location in central Lake Worth
More about this property
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