502 S Palmway, Lake Worth Beach, FL 33460 - Photo 1

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$950,000

For Sale
Active
Single Family
5 Beds
4 Full Baths
1 Partial Bath
2,829 Sq. Ft.
Updated 12 days ago

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Property Description

An exceptional opportunity to build an estate on this expansive 121 x 150 corner lot. Ideally positioned with the Intracoastal Waterway just across the street, this premier parcel offers an unparalleled setting for luxury coastal living. Surrounded by multimillion-dollar homes, the property's generous size is perfect for a grand residence with a private outdoor oasis and resort-style amenities. Located just minutes from Palm Beach Island and Downtown West Palm Beach, with pristine beaches nearby, this location offers both exclusivity and convenience. Existing structure is original and being sold as-is. Tenant-occupied month-to-month; do not disturb. No interior access.

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Full Property Details

Full Property Details for 502 S Palmway

General

Price: $950,000
Taxes: $5,980 (2025)
Status: Active
Type: Single Family
Source: Regional
MLS ID: B26023895
Updated: 5/4/2026
Added to Site: 12 day(s) ago

Interior

Number of Rooms: 14
Interior Features: Attic, Built-in Features, Breakfast Area, Dual Sinks, Entrance Foyer, Family/Dining Room, Main Level Primary, Pull Down Attic Stairs, Sitting Area in Primary, Split Bedrooms, Tub Shower, Walk-In Closet(s)
Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer
Furnishings: Negotiable
Flooring: Wood

Rooms

Bathrooms

Total Bathrooms: 5
Full Bathrooms: 4
Half Bathrooms: 1
Main Floor Baths: 5

Bedrooms

Total Bedrooms: 5
Bedrooms Main: 4

Other Rooms

Laundry: Washer Hookup, Inside, Laundry Closet, Laundry Tub

Additional Information

Pool: Yes
Private Pool: Yes
Pool Description: In Ground, Pool Equipment
Security/Safety: Security System, Smoke Detector(s)

Exterior

Exterior Features: Balcony, Outdoor Living Area
Porch/Patio/Deck: Open, Patio, Porch, Balcony

Parking

Garage: Yes
Attached garage: Yes
Garage Spaces: 2
Covered Spaces: 2
Total Spaces: 2
Parking Features: Attached, Garage, Open, On Street

Location

County: Palm Beach
Subdivision: LAKE WORTH TOWN OF ADD 1
Driving Directions: 6th Avenue East then Left on S Palm Way its the last house on the right.
Direction Faces: East

School Information

Elementary School: South Grade
Middle School: Lake Worth
High School: Lake Worth

Community

Community Name: 5610
Units Assoc/Comm: 1
Pets Allowed: Yes

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air, Ceiling Fan(s)
Heating Type: Central

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Sewer Available, Water Available

Structural Information

Architectural Style: Other
Structure Type: House
Construction: Block
Roof: Concrete, Tile
Windows: Blinds, Drapes
Entry Location: Entry Level Living Area Y
Stories/Levels: 2
Building Size: 3573
Square Feet: 2,829
Sq. Ft. Source: Other
Living Area: 2,829 Sq. Ft.
Year Built: 1952
Property Condition: Resale

Lot Features

Property View: Intercoastal, Other
Lot Size (Acres): 0.42
Sidewalks: Yes
Lot Features: Sprinklers Automatic
Zoning: SF-R (city)
Fencing (Description): Fenced

Water Features

Water Front View: None

Financial Considerations

Assessment Amount: $292,324
Tax Amount: $5,980.61
Tax Year: 2025
Terms: Cash, Conventional

Disclosures and Reports

Special Conditions: Standard, Listed As-Is
Legal Description: ADD 1 TO TOWN OF LAKE WORTH LTS 8 & 9 BLK 4
Property ID: 38434427010040080

Listed by Compass Florida LLC

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Schools

Schools serving 502 S Palmway

School District:Palm Beach County School District

Name	Grades	Distance
South Grade Elementary School 716 S K St, Lake Worth Beach, FL 33460	PK-5	0.3 mi
Lake Worth High School 1701 Lake Worth Rd, Lake Worth Beach, FL 33460	9-12	1 mi
Lake Worth Community Middle School 1300 Barnett Dr, Lake Worth Beach, FL 33461	6-8	2 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 502 S Palmway Get Price Alerts and Save Property

Date

Details

Price

Change

Source

5/04/2026

Listed

$950,000

455.56%

MLS

7/24/1997

Sold

$171,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 502 S Palmway

Year

Property Taxes

Change

Tax Assessment

Change

2024

$5,922

—

$292,324

3%

2024

$5,922

4%

$284,086

3%

2023

$5,716

2%

$275,812

3%

2022

$5,608

—

$267,779

3%

2021

$5,585

—

$259,980

1%

2021

$5,585

3%

$256,391

2%

2019

$5,435

4%

$250,627

2%

2018

$5,205

2%

$245,954

2%

2017

$5,083

3%

$240,895

2%

2016

$4,923

-2%

$235,940

1%

2015

$5,008

—

$234,300

1%

2014

$5,009

1%

$232,440

1%

2013

$4,937

—

$229,005

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 502 S Palmway

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Total Baths
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Total Baths
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Sold by Renata LaRocque and Katy Moraskie

502 S Palmway, Lake Worth Beach, FL 33460 (MLS# B26023895) is a Single Family property with 5 bedrooms, 4 full bathrooms and 1 partial bathroom. 502 S Palmway is currently listed for $950,000 and was received on May 04, 2026. Want to learn more about 502 S Palmway? Do you have questions about finding other Single Family real estate for sale in Lake Worth Beach? You can browse all Lake Worth Beach real estate or contact a Coldwell Banker agent to request more information.

502 S Palmway Lake Worth Beach, FL 33460