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    3716 Elaine Dr Lake Worth, FL 33463

    For Sale
    $675,000

    1.41-acre property zoned MR-5, ideal for multi-family development.

    Lot size:
    1.41 Acres

    Property Features for 3716 Elaine Dr

    General Information

    Lot size
    1.41 Acres

    Source: KW Innovations Agent Ahmed Ribhi Abdeldayem PA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Worth Development Opportunity

    This 1.41-acre property is located in central Lake Worth. The site consists of two parcels zoned MR-5, making it suitable for multi-family development. The property was previously approved for 8 townhomes. It offers an opportunity for investors or developers looking to build in a sought-after location. The parcel benefits from close proximity to local amenities and easy access to major roads, positioning it for residential growth.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.118935
    Latitude
    26.623507

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    FAQs

    What type of property is this?
    Land - 1.41-acre property zoned MR-5, ideal for multi-family development.
    Where is this land located?
    The property is located at 3716 Elaine Dr 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 in central Lake Worth; - Zoned MR-5, ideal for multi-family development; - Previously approved for 8 townhomes
    (305) 801-5871
    Request Owner's contact information
    3716 Elaine Dr Lake Worth, FL 33463
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    Lake Worth, FL 33463
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3716 Elaine Dr Lake Worth, FL 33463
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