508 South Federal Highway

Lake Worth Beach, FL 33460

$1,500,000
Price
40,000 / 0.92
Lot Size / Acres

Description

Unlock a lucrative investment opportunity with our premier property featuring fully entitled and plated lots for 15 townhomes. Benefit from a streamlined development process as the lots come fully entitled, minimizing delays and reducing holding costs. Positioned in a thriving neighborhood, the townhomes enjoy proximity to schools, shopping, and transportation hubs, ensuring a high-demand market. With an upscale resale range of $479,000 to $500,000, this investment promises a compelling return. Seize...Unlock a lucrative investment opportunity with our premier property featuring fully entitled and plated lots for 15 townhomes. Benefit from a streamlined development process as the lots come fully entitled, minimizing delays and reducing holding costs. Positioned in a thriving neighborhood, the townhomes enjoy proximity to schools, shopping, and transportation hubs, ensuring a high-demand market. With an upscale resale range of $479,000 to $500,000, this investment promises a compelling return. Seize the advantage of strategic location, entitlements, and a robust resale value for a profitable venture in the real estate market.
  1. Listed by Ahmed Ribhi Abdeldayem PA • KW Innovations

Property Details for 508 South Federal Highway

Subdivision
LAKE WORTH TOWN OF ADD 1
Waterfront
No

Location

Listing Courtesy of KW Innovations
Add your commute
LISTING UPDATED: 02/22/2024 11:54 PM

Property Details for 508 South Federal Highway

StatusActive
MLS #RX-10962239
Days on Market67
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeResidential Land/Boat Docks / Commercial Land
Year Built-
Lot Size0.92 AC
CountyPalm Beach County

Location

Listing Courtesy of KW Innovations
Add your commute

Building Information for 508 South Federal Highway

Lot Size0.92 AC

Payment Calculator

$8,186 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 508 South Federal Highway

Summary
Location and General Information
  • Development Name: The Cloisters Of Lake Worth
  • Directions: 6th ave and federal highway
  • Geo Area: Palm Beach 5600; 5610; 5620; 5630; 5640
  • Street Number: 508
  • Subdivision Complex Bldg: LAKE WORTH TOWN OF ADD 1, The Cloisters Of Lake Worth
  • Municipal Code: Lake Worth Beach
  • State: FL
  • City Postal ID: 33460
  • MLS Area: 5610
  • MLS Sub Area: PB16
Taxes and HOA Information
  • Comm/Trans Brk: 3%
  • Tax Year: 2023
Property
Lot Information
  • Area: 5610
  • Develop Status: Recorded Plat
  • Front Exp: East
  • HOA Amenities: None
  • Improvements: Cleared
  • Land Use: Commercial
  • Lot Description: < 1/4 Acre
  • # Parcels: 9
  • Parcel ID: 38434427010030080
  • Property Group ID: 19990816212131825981000000
  • REO: No
  • Roads: City/County Maint., County Road
  • Special Assessment: No
  • Trees: None
  • Zoning: MU-FH(
  • Front Exposure: East
Property and Assessments
  • Legal Desc: LAKE WORTH TOWN OF ADD 1 LT 8 BLK 3 & 40 FT ABND PT OF O ST LYG W OF & ADJ TO
  • Legal Description: LAKE WORTH TOWN OF ADD 1 LT 8 BLK 3 & 40 FT ABND PT OF O ST LYG W OF & ADJ TO
Utilities
  • Utilities Avail: Electric
  • Utilities On Site: Electric, Municipal Sewer
Interior and Exterior Features
Exterior Features
  • Ground Cover: Grassed
Interior Features
  • Guest Accommodations: No

Property History for 508 South Federal Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 508 South Federal Highway

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

Lake Worth High School
PublicPK to 12

Lake Worth Community Middle School
Public6 to 8

Palm Beach Maritime Academy
CharterK to 8

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

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508 South Federal Highway is a 0.92 ac of land for sale in Lake Worth Beach, FL 33460. This property was listed for sale on February 22, 2024 by KW Innovations, it's currently listed at $1,500,000. This listing's school district is Palm Beach. Nearby schools include South Grade Elementary School, Lake Worth High School and Lake Worth Community Middle School. 508 South Federal Highway is a 0-bed, 0-bath, 0.92 ac of land on a 40,000 sq. ft. / 0.92 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Innovations

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.