4537 Coconut Rd

Baths
3,920 Sq. Ft.
$434 / Sq. Ft.
3,920
Sq. Ft.
$434
per Sq. Ft.

Description

LAND LAND LAND - Exceptional value-add investment opportunity in the heart of Lake Worth! Situated on an oversized nearly 0.80-acre lot, this income-producing property offers tremendous upside potential for investors, developers, and portfolio builders alike. Professionally managed and positioned on one of the area's largest residential parcels, the property provides ample room for future expansion, additional units, or redevelopment opportunities—potentially allowing occupancy to be doubled. All...LAND LAND LAND - Exceptional value-add investment opportunity in the heart of Lake Worth! Situated on an oversized nearly 0.80-acre lot, this income-producing property offers tremendous upside potential for investors, developers, and portfolio builders alike. Professionally managed and positioned on one of the area's largest residential parcels, the property provides ample room for future expansion, additional units, or redevelopment opportunities—potentially allowing occupancy to be doubled. All units have an additional "spare or flex" room good for an office or for a kid's room! A unique feature of the property is the existing buried swimming pool, which may be restored and brought back to life, creating additional value and tenant appeal. Adding to the property's long-term desirability, there are currently no future development plans for the lots directly north of the property, helping preserve privacy and open space. Conveniently located near I-95, Palm Beach International Airport, downtown Lake Worth Beach, and major employment centers, this property offers strong rental demand and excellent accessibility. Residents enjoy proximity to beautiful beaches, John Prince Park, golf courses, boating, shopping, dining, and entertainment. Just minutes away, downtown Lake Worth Beach features vibrant restaurants, art galleries, live music venues, breweries, and year-round community events. The nearby Lake Worth Beach Municipal Golf Course, waterfront parks, fishing piers, and Atlantic Ocean beaches provide endless outdoor recreation opportunities. Whether you're seeking immediate cash flow, future redevelopment potential, or a long-term hold in a rapidly growing Palm Beach County market, this property presents a rare opportunity with significant upside.
  1. Listed by Sandro Marcel Herrera • Brokerage DRE #1071285 • Three Palms Realty
    P: (561)-316-9691 C: (561)-316-9691 sherrera@threepalmsrealty.com

Property Details for 4537 Coconut Road

Furnished
Unfurnished
Waterfront Details
None
Waterfront
No
Style
Pool Only
Year Built Numeric
1979
Pets Allowed YN
Yes
Design
Multi Family, Quadruplex
Subdivision
PALM BEACH FARMS CO 7
LISTING UPDATED: 06/11/2026 03:28 PM

Property Details for 4537 Coconut Road

StatusActive
MLS #B26035010
Days on Market3
Taxes$13,716 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1979
Lot Size0.80 AC / 34,848 SF
CountyPalm Beach County

Location

Listing Courtesy of Three Palms Realty
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Building Information for 4537 Coconut Road

Stories1Residences-Year Built1979Building Size-Lot Size0.80 AC / 34,848 SF

Payment Calculator

$9,614 per month

30 year fixed, 6.36% Interest

Principal and Interest

$8,471

Property Taxes

$1,143

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 4537 Coconut Road

Summary
Location and General Information
  • Area: 5700
  • Boat Services: Dock Available: No
  • City and Location Text: Lake Worth
  • County Land Code: Palm Beach County
  • County Or Parish: Palm Beach County
  • Geo Lat: 26.609845
  • Information Available: Copy Of Lease(s), Deposit Held, Rent Rolls, Service Contracts
  • MLS Area: 5700
  • MLS Sub Area: PB17, Palm Beach 5670; 5680; 5700; 5710
  • Postal Code: 33461
  • Roads: Asphalt, Paved
  • State: FL
  • Street #: 4537
  • Subdivision Complex Bldg: PALM BEACH FARMS CO 7
  • Complex Name: PALM BEACH FARMS CO 7
  • Subdivision Number Numeric: 1.0
  • Water Access: None
  • Zoning: RM
Taxes and HOA Information
  • Association Fee: $0
  • HOPA: No HOPA
  • Legal Desc: PALM BEACH FARMS CO PL 7 LT B (LESS NLY 26.14 FT) BLK 75
  • Municipal Code: 00
  • Parcel ID: 00434430010750010
  • Tax Information: No Homestead
  • Tax Year: 2025
  • Total Assessed Value: $624,029.00
School Information
  • Elementary School: Starlight Cove
  • High School: Lake Worth
  • Middle School: Tradewinds
  • Senior High School: Lake Worth
Property
Lot Information
  • Acreage Description: 1/2 To Less Than 1 Acre Lot, Less Than 1 Acre Lot
  • Acres: 0.8
  • Approx Sqft Total Area: 3920
  • Lot Description: Oversized Lot, Room for Pool, Sidewalks
  • Property Condition: Resale
  • Special Info: Sold As-Is
  • Sq Ft: 3920
  • Sq Ft Liv Area: 3920.0
  • Sq Ft Total: 3,920
  • Total Floors in Bldg: 1.00
  • Type of Building: Multi Family, Quadruplex
  • Property Type: Residential Income, Quadruplex
Property and Assessments
  • Avail Docs: Copy Of Lease(s), Deposit Held, Rent Rolls, Service Contracts
  • Construction Type: Quadruplex, Slab, Composition, Resale, Concrete Block - With Stucco
  • Document Count: 0
  • Legal Description: PALM BEACH FARMS CO PL 7 LT B (LESS NLY 26.14 FT) BLK 75
  • Management Co: Yes
  • Management Company: Company Name: Three Palms Realty LLC
  • Management Company: Email: info@threepalmsrealty.com
  • Management Company: Phone: 561--316-8711
  • Special Assessment: No
  • Type: Quadruplex
  • Year Built Description: 1979
Utilities
  • Electric Service: 150 Amp Service
  • Num Meters: 6
  • On Site Utilities: Electricity Available, Water Available
  • Separate Elec Meters: Yes
  • Separate Meter: Yes
  • Separate Wtr Meters: No
  • Sewer Description: Septic Tank
  • Utilities: Electricity Available, Water Available
  • Laundry Features: None
Interior and Exterior Features
Exterior Features
  • Balcony Porch/Patio: Yes
  • Construction: Concrete Block - With Stucco
  • Exterior Features: Courtyard, None
  • Gated Community YN: No
  • Guest Accommodations: No
  • Pool Description: Concrete, Gunite
  • Private Pool: Yes
  • Private Pool Description: Concrete,Gunite
  • Roof: Composition
  • Roof Description: Composition
  • Storm Protection Accordion Shutt: Partial
  • Storm Protection: Electric/Power Shutters: Partial
  • Structure Type: Multi Family, Quadruplex
  • Surface Description: Asphalt, Paved
  • Patio And Porch Features: Patio, Patio - Open
  • Fencing: None
  • Storm Protection Details: None
Interior Features
  • Baths Total: 0
  • Column Description: Concrete Block - With Stucco
  • Cooling: Central Air
  • Equipment: None
  • Flooring: Tile
  • Heating: Central
  • Heating Description: Central
  • Num Floors: 1
  • Num Interior Levels: One
  • Num Stories: 1
  • Numof Units: 4
  • PatioFeatures: Courtyard, Patio
  • Spa: No
  • Stories: 1.0
Multi Family
Multi Family Information
  • Number of Stories: 1.0
  • Unit Count: 4
Income & Expenses
  • Income & Expenses: Gross Operating Inc: $7,400.00
  • Exp Incl Pool Service: No
  • Gross Rent Income: $7,400
  • Monthly Income: $7,400
Unit Information
Unit 1
  • Appliances: Range, Refrigerator
  • Other Equipment: Smoke Detector(s), Air Conditioning Unit
  • Carport YN: No
  • Garage YN: No
  • Parking Features: Parking Space
  • Currently Leased YN: Yes
  • Lease Expiration: 12-01-2024
  • Lease Term: Month To Month
  • Occupant Type: Tenant
  • Rooms: Kitchen
  • Actual Rent: $1,800.00
  • Baths Full: 1
  • Baths Half: 0
  • Beds Total: 2
  • Efficiency YN: No
  • Furnished: Unfurnished
  • SqFt: 980.0
Unit 2
  • Appliances: Microwave, Range, Refrigerator
  • Other Equipment: Air Conditioning Unit
  • Interior Features: Split Bedroom Plan
  • Parking Features: Parking Space
  • Currently Leased YN: Yes
  • Lease Expiration: 12-01-2024
  • Lease Term: Month To Month
  • Occupant Type: Tenant
  • Rooms: Kitchen
  • Actual Rent: $1,800.00
  • Baths Full: 1
  • Baths Half: 0
  • Beds Total: 2
  • Furnished: Unfurnished
  • SqFt: 980.0
Unit 3
  • Appliances: Refrigerator, Range
  • Other Equipment: Smoke Detector(s)
  • Parking Features: Parking Space
  • Currently Leased YN: Yes
  • Lease Expiration: 06-30-2026
  • Lease Term: Month To Month
  • Occupant Type: Tenant
  • Rooms: Kitchen
  • Actual Rent: $1,650.00
  • Baths Full: 1
  • Baths Half: 0
  • Beds Total: 2
  • Furnished: Unfurnished
  • SqFt: 980.0
Unit 4
  • Appliances: Refrigerator, Range
  • Other Equipment: Smoke Detector(s)
  • Parking Features: Open Parking
  • Currently Leased YN: No
  • Occupant Type: Tenant
  • Rooms: Kitchen
  • Actual Rent: $1,850.00
  • Baths Full: 1
  • Baths Half: 0
  • Beds Total: 2
  • Furnished: Unfurnished
  • SqFt: 980.0
Rental
Rental Information
  • DXORIGMLNO: RML
  • Lease Times per Year: 12
  • Min Days for Lease: 1.00
  • Minimum Lease Period: 1
  • Minimum Num of Days for Lease: 1
  • Num Leases Year: 12
  • Pets Allowed: Yes, No Restrictions, Pet Restrictions Possible
  • Pets on Premises: No
  • Pets On Premises YN: No
  • Possession Information: Close Of Escrow
  • Rental Price/SqFt: $433.67
  • Tenant Pays: Cable TV, Electricity, Water

Property History for 4537 Coconut Road

DateEvent & SourcePriceAppreciation
Jun 11, 2026

Listed (Active)

Beaches MLS #B26035010

$1,700,000
Dec 31, 2008

Expired

MCRTC #M337866

$465,000
Jun 30, 2008

Listed (Active)

MCRTC #M337866

$475,000
DateEvent & SourcePrice
06/11/2026

Listed (Active)

Beaches MLS #B26035010

$1,700,000
12/31/2008

Expired

MCRTC #M337866

$465,000
06/30/2008

Listed (Active)

MCRTC #M337866

$475,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 4537 Coconut Road

Taxable ValueLand$312,108Additions$557,661Total$869,769
Tax Record2025$13,725 ($1,144 / month)
Home Facts
Baths4Total Finished SqFt1,960 SqFtAbove Grade Finished SqFt1,960 SqFtStories1Lot Size34,652 SqFtStyleDuplexYear Built1979Year Renovated1994ZoningRMCountyPALM BEACHAPN00-43-44-30-01-075-0010

Schools near 4537 Coconut Road

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Starlight Cove Elementary School
PublicPK to 5

Tradewinds Middle School
Public6 to 8

Lake Worth High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

4537 Coconut Road is a multi-family home for sale in Lake Worth, FL 33461. This property was listed for sale on June 11, 2026 by Three Palms Realty, it's currently listed at $1,700,000. It has been on the market for a total of 3 days and was last sold on June 24, 2004. This listing's school district is Palm Beach. Nearby schools include Starlight Cove Elementary School, Tradewinds Middle School and Lake Worth High School. 4537 Coconut Road is a 8-bed, 0-bath, 3,920 sqft multi-family home built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Three Palms Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.