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508 S Federal Highway, Lake Worth Beach, FL 33460
$1,500,000
508 S Federal Highway, Lake Worth Beach, FL 33460View this property at 508 S Federal Highway, Lake Worth Beach, FL 33460
508 S Federal HighwayLake Worth BeachFL33460
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Property 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 the advantage of strategic location, entitlements, and a robust resale value for a profitable venture in the real estate market.
Full Property Details
Full Property Details for 508 S Federal Hwy
General
- Price: $1,500,000
- Taxes: $3,333 (2023)
- Status: Active
- Type: Lots/Land
- MLS ID: RX-10962239
- Updated: 2/23/2024
- Added to Site: 66 day(s) ago
Location
- Area: PB16
- County: Palm Beach
- Development Name: The Cloisters Of Lake Worth
- Subdivision: Lake Worth Town Of Add 1
- Driving Directions: 6th ave and federal highway
- Location Details: City, County
- Total Lots Available: 9
Community
- Home Owners Assn.: None
Utilities
- Utility Description: Electric
- Onsite: Electric, Municipal Sewer
Structural Information
- Architectural Style: Vacant Land
- Description/Design: Commercial
Lot Features
- Lot Size (Sq. Ft.): 40,000
- Street/Road Desc.: City/County Maint., County Road
- Grounds/Landscape: Grassed
- Development Status: Recorded Plat
- Land Improvements: Cleared
- Potential Use: Commercial Land
- Trees/Vegetation: None
- Zoning: MU-FH(
- Lot Description: < 1/4 Acre
Financial Considerations
- Tax Amount: $3,333.24
- Tax Year: 2023
- Terms: Cash, Conventional
Disclosures and Reports
- Documents Avail.: Aerial, Appraisal, Building Permit, Building Plan, Plans
- Legal Description: LAKE WORTH TOWN OF ADD 1 LT 8 BLK 3 & 40 FT ABND PT OF O ST LYG W OF & ADJ TO
- APN: 38434427010030080
Listed by KW Innovations
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Schools
Schools serving 508 S Federal Hwy
School District:Palm Beach Schools
Rating | Name | Grades | Distance |
---|---|---|---|
716 S K St, Lake Worth, FL 33460 | PK-5 | 0.3 mi | |
1300 Barnett Dr, Lake Worth, FL 33461 | 6-8 | 2 mi | |
1701 Lake Worth Rd, Lake Worth, FL 33460 | 9-12 | 1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 508 S Federal Hwy
Date
Details
Price
Change
Source
2/22/2024
Listed
$1,500,000
837.5%
MLS
10/18/2016
Sold
$160,000
—
Public Record
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 508 S Federal Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,333
29%
$203,145
89%
2022
$2,583
8%
$107,452
17%
2021
$2,400
3%
$92,112
5%
2019
$2,319
5%
$87,719
3%
2018
$2,214
4%
$85,151
5%
2017
$2,124
-12%
$81,096
63%
2016
$2,405
77%
$49,671
5%
2015
$1,357
-1%
$47,306
—
2014
$1,367
—
$47,306
—
2013
$1,369
—
$47,306
—
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 508 S Federal Hwy
508 S Federal Highway, Lake Worth Beach, FL 33460 (MLS# RX-10962239) is a Lots/Land property with a lot size of acres. 508 S Federal Highway is currently listed for $1,500,000 and was received on February 22, 2024. Want to learn more about 508 S Federal Highway? Do you have questions about finding other Lots/Land 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.