Unimproved Land in 3825 Lakewood Road, Palm Springs, FL 33461 for sale with MLS# B26005268

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 build-able land & home. Measurements are approx and not deemed accurate., subject to errors, omission and changes without notice. Buyer and Buyer agent/broker to verify all information. Sold as-is.

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3825 Lakewood Road, Palm Springs, FL 33461

Price
Price:
$635,000.00
Original List Price:
$670,000.00
List Price per Sq Ft (Calculated, Approx.):
$16.63
Property Status and Type
Listing Type:
For Sale
Status:
Active
Special Sale Conditions:
Standard
Listing Category:
Land & Docks
Property Type:
Unimproved Land
Description of Last Important Update:
Price Reduced
Last Major Update on:
July 24, 2026 6:01 pm
Other Special Conditions:
Sold As-is, Handyman Special, Potential Tear Down
Measures
Lot Area:
38,190 Sqft
Lot Size Dimensions and Info:
146.0 ft x 262.0 ft
Lot Size Unit:
Acres
Lot Features:
Oversized Lot, Home
Lot Size Acres:
0.87
Property Features
Waterfront:
No
Other Structures:
Other
Current Use:
Other, Single Family, Mixed Use
Fence:
Fenced
Property Entrance Faces:
North
Construction
Possible Use:
Investment, Other, Residential, Single Family, Multi-family, Development, Mixed Use, See Remarks
Taxes and Expenses
Tax Annual Amount:
$9,094.54
Tax Year:
2025
Tax Assessed Value:
$441,463.00
Property Tax Details:
Other Exemption
Utilities
Sewer:
Public Sewer
Utilities Available:
Electricity Available, Sewer Available, Water Available, Other
Water Source:
Public
Community
Subdivision Name:
LAKEWOOD GARDENS 1
Senior Community:
No
Development Status:
Other, See Remarks
Terms
Documents Available:
Other
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)
Listing History
Active on the market since:
March 21, 2026
Listing Agreement executed on:
March 20, 2026
Price change occurred on:
July 24, 2026 6:01 pm
Listing Status Last Changed On:
March 21, 2026 8:57 pm
Photos updated on:
March 21, 2026 8:57 pm
Last Modified:
July 24, 2026 6:02 pm
Additional Information
Courtesy of:
Rook Realty LLC
Attribution:
Not provided
Road Surface Type:
Other
Location
Street Name:
Lakewood
Street Number:
3825
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

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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

Air Quality

Source: AirNow.gov · West Palm Beach

🌬️ Air Quality Index (AQI) 18 Good
☀️ O3 18 Good
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Association of REALTORS®
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