Home in 502 S Palmway, Lake Worth Beach, FL 33460 for sale with MLS# B26023895

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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502 S Palmway, Lake Worth Beach, FL 33460

Price
Price:
$950,000.00
Original List Price:
$950,000.00
List Price per Sq Ft (Calculated, Approx.):
$335.8
Property Status and Type
Listing Type:
For Sale
Status:
Active
Special Sale Conditions:
Standard
Listing Category:
Residential
Property Type:
Single Family House
Description of Last Important Update:
New Listing
Last Major Update on:
May 4, 2026 5:09 pm
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
5
Bathrooms Total:
5
Full Bath:
4
Half Bath:
1
Room Type:
Dining Room, Laundry, Family Room, Den, Utility Room, Great Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Living Room, Master Bedroom, Convertible Bedroom, Garage Converted
Rooms Total:
14
Master Bedroom Bath:
Master Bdrm - Sitting, Dual Sinks, Master Bdrm - Ground, Spa Tub & Shower
Dining Area:
Breakfast Area, Family/Dining Combination
Measures
Living Area:
2,829 Sqft
Built-Up Area:
3,573 Sqft
Building Area Source:
Public Records
Living Area Source:
Other
Lot Features:
Sidewalks
Lot Size Acres:
0.42
Property Features
View from the Property:
Other, Intracoastal
Waterfront:
No
Private Pool
Swimming Pool Features:
In Ground, Equipment Included
Security:
Smoke Detector(s), Security System
Furnished:
Negotiable
Appliances:
Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Electric Range
Interior:
Walk-In Closet(s), Entrance Foyer, Built-in Features, Bedroom Layout - Split, Upstairs Living Area, Pull Down Stairs
Exterior:
Balcony
Patio and Porch:
Patio, Porch, Patio - Open, Porch - Open
Windows:
Blinds, Drapes
Laundry:
Laundry Tub, Washer Hookup, Inside, Laundry Closet
Air Conditioning
Air Conditioning System:
Central Air, Ceiling Fan(s)
Heating
Heating System:
Central
Fence:
Fenced
Property Entrance Faces:
East
Unit Description:
Corner/end Unit
Balcony Details:
Balcony - Open
Sprinkler Description:
Auto Sprinkler
Construction
Year Built:
1952
Roof:
Concrete, Tile
Architectural Style:
Other
Levels:
Multi/Split
Entry Level Location:
Entry Level Living Area Y
Construction Materials:
CBS
Flooring:
Wood
Number of stories:
2
Structure Type:
House
Number of Units in the Community or Building:
1
Stories:
2
Road Frontage Type:
East of US-1
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$5,980.61
Tax Year:
2025
Tax Assessed Value:
$292,324.00
Property Tax Details:
City/County
Parking
Parking Total Spaces:
2
Garage
Garage Spaces:
2
Covered Spaces:
2
Attached Garage
Parking Features:
Garage, Open, On Street, Attached Garage
Utilities
Sewer:
Public Sewer
Utilities Available:
Sewer Available, Water Available
Water Source:
Public
Community
Pets Allowed?:
Yes, No Restrictions
Subdivision Name:
LAKE WORTH TOWN OF ADD 1
Senior Community:
No
Restrictions:
No Restrictions
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Occupant Type:
Owner Occupied
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
ADD 1 TO TOWN OF LAKE WORTH LTS 8 & 9 BLK 4
Real Estate Folio Number (Parcel Number):
38434427010040080
Zoning:
SF-R (city)
Public Schools Assigned
Elementary School:
South Grade
High School:
Lake Worth
Middle Or Junior School:
Lake Worth
Listing History
Active on the market since:
May 4, 2026
Listing Agreement executed on:
May 4, 2026
Listing Status Last Changed On:
May 4, 2026 5:09 pm
Photos updated on:
May 4, 2026 5:09 pm
Last Modified:
May 31, 2026 9:04 pm
Additional Information
Courtesy of:
Compass Florida LLC
Attribution:
Not provided
Road Surface Type:
Paved
Location
Street Name:
Palmway
Street Number:
502
City:
Lake Worth Beach
State:
Florida
Zip Code:
33460
County:
Palm Beach
Latitude:
N26° 36' 34.6''
Longitude:
W81° 56' 57.5''
Street Direction Prefix:
S
Property Map

Neighborhood Stats

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

Median Household Income $61,702
Median Home Value $333,200
Median Rent $1,411/mo
Median Age 36
Population 36,934

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Association of REALTORS®
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