Home in 3825 Lakewood Road A, Palm Springs, FL 33461 for sale with MLS# B26005257

Prime Multifamily Development Opportunity - Nearly 1 Acre in High-Demand Area. Rare opportunity to acquire a 0.88-acre parcel with multifamily zoning (RM-15) allowing for up to 5 units-ideal for investors and developers looking to capitalize on strong rental demand in Palm Beach County. Situated on a generously sized lot, this property offers exceptional redevelopment potential with ample space for new construction, parking, and modern design layouts. The existing structure provides flexibility for interim use or income while plans are developed.. Asking price is based on the value of the build-able land & home. Measurements are approx., subject to errors, omission and changes without notice.

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3825 Lakewood Road A, Palm Springs, FL 33461

Price
Price:
$670,000.00
Original List Price:
$670,000.00
List Price per Sq Ft (Calculated, Approx.):
$363.34
Property Status and Type
Listing Type:
For Sale
Status:
Active
Special Sale Conditions:
Sold As-is
Listing Category:
Residential
Property Type:
Single Family House
Description of Last Important Update:
New Listing
Last Major Update on:
March 21, 2026 8:37 pm
Rooms Distribution
Bedrooms:
2
Bathrooms Total:
2
Full Bath:
2
Room Type:
Dining Room, Laundry, Family Room, Den, Great Room, Workshop, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Living Room, Master Bedroom, Maid/in-law Quarters
Rooms Total:
13
Master Bedroom Bath:
Master Bdrm - Ground, Combo Tub/shower
Dining Area:
Other
Measures
Living Area:
1,402 Sqft
Built-Up Area:
1,844 Sqft
Lot Area:
38,332.80 Sqft
Lot Size Dimensions and Info:
146X262
Building Area Source:
Public Records
Living Area Source:
Public Records
Lot Features:
Fruit Tree(s)
Lot Size Acres:
0.88
Property Features
View from the Property:
Other
Waterfront:
No
Furnished:
Unfurnished
Interior:
Other
Other Structures:
Shed(s), Other
Laundry:
Other
Air Conditioning
Air Conditioning System:
Other
Heating
Heating System:
Other
Fence:
Fenced
Property Entrance Faces:
North
Construction
Year Built:
1940
Roof:
Shingle, Other, Composition
Architectural Style:
Traditional
Levels:
Multi/Split
Construction Materials:
Frame, Stucco
Flooring:
Other
Number of stories:
1
Structure Type:
House
Stories:
1
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$9,094.54
Tax Year:
2025
Tax Assessed Value:
$441,463.00
Property Tax Details:
City/County
Parking
Parking Total Spaces:
1
Covered Spaces:
0
Parking Features:
Open
Utilities
Sewer:
Public Sewer
Electric:
Three Phase
Utilities Available:
Cable Available, Water Available, Other
Water Source:
Public, Other
Community
Pets Allowed?:
Yes, No Restrictions
Subdivision Name:
LAKEWOOD GARDENS 1
Senior Community:
No
Restrictions:
Other Restrictions, No Restrictions
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Occupant Type:
Tenant Occupied
Buyer Possession:
Negotiable, Close Of Escrow
Negotiable Seller Concessions
Zoning and Legal
Tax Legal Description:
LAKEWOOD GARDENS PL 1 WLY 146.04 FT OF TRS 15 & 16 BLK 2
Real Estate Folio Number (Parcel Number):
70434419110020151
Zoning:
RM (city)
Public Schools Assigned
Elementary School:
Lake Alfred Elem
High School:
John I. Leonard
Middle Or Junior School:
L. C. Swain
Listing History
Active on the market since:
March 21, 2026
Listing Agreement executed on:
March 20, 2026
Listing Status Last Changed On:
March 21, 2026 8:37 pm
Photos updated on:
March 21, 2026 8:37 pm
Last Modified:
March 24, 2026 4:48 pm
Additional Information
Courtesy of:
Rook Realty LLC
Attribution:
Not provided
Location
Street Name:
Lakewood
Street Number:
3825
Unit Number:
A
City:
Palm Springs
State:
Florida
Zip Code:
33461
County:
Palm Beach
Latitude:
N26° 37' 16''
Longitude:
W81° 54' 7.5''
Street Suffix:
Road
Property Map

Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $61,218
Median Home Value $263,400
Median Rent $1,615/mo
Median Age 36
Population 49,245

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Association of REALTORS®
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