3825 Lakewood Road, Palm Springs, FL 33461 (MLS# B26005268)

3825 Lakewood Road, Palm Springs, FL 33461

$583,000
Property Type: Land & Docks Lot Size (sq. ft.): 38,190 Status: Closed
Current Price: $583,000 List Date: 3/21/2026 Last Modified: 10/29/2026

Overview

Description

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.

Listing Details MLS# B26005268

General Property Information

Transaction Type
Listing For Sale
Property Sub Type
Unimproved Land
Lot Size Acres
0.87
Lot Size Square Feet
38190
Lot Size Dimensions
146.0 ft x 262.0 ft
Minimum Livable Area
1844
Property Description
Development Opportunity
Direction Faces
North
LP/Assessed Value
1.44
LP/SqFt
16.63

Property Features

Current Use: Mixed Use; Single Family; Other Development Status: Other; See Remarks Documents Available: Other Environmental Audit: Unknown Fencing: Fenced Location of Property: City Location; Other Other Structures: Other Possession: Close Of Escrow; Negotiable Possible Use: Development; Investment; Mixed Use; Multi-Family; Residential; Single Family; Other; See Remarks Sewer: Public Sewer Special Information: Handyman Special; Potential Tear Down; Sold As-Is Special Listing Conditions: Standard Utilities: Electricity Available; Sewer Available; Water Available; Other Listing Terms: Cash; Conventional Lot Features: Home; Oversized Lot Road Surface Type: Other Tax Information: Other Exemption Water Access: None Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Occupied; Schedule Online; Text Listing Agent Contingencies: None Elevation Description: 0-5 Feet Above Sea Level Acreage Description: 1/2 To Less Than 1 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
670000
Negotiable Seller Concessions YN
Yes
Listing Service
Full Service
LP/Acre
729885.06

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
3825
Street Name
Lakewood
Street Suffix
Road
City Name
Palm Springs
Municipality Type
Incorporated
Municipal Code
70
State Or Province
FL
Postal Code
33461
Postal Code +4
3573
Postal Zip
33461
Subdivision Name
LAKEWOOD GARDENS 1
Area
5690
Geographic Area
PB19
Parcel Number
70434419110020151
Subdivision Number
11
Zoning
RM (city)

Financial Information

Master Association YN
No
Membership Fee Required YN
No
Tax Year
2025
Tax Annual Amount
9094.54
Tax Assessed/SOH Value
441463
Tax Legal Description
LAKEWOOD GARDENS PL 1 WLY 146.04 FT OF TRS 15 & 16 BLK 2
Assessor Market Value
441463

Status Change Information

Major Change Timestamp
2026-10-29T15:09:52Z
Major Change Type
Status Change
Price Change Timestamp
2026-07-24T18:01:59Z
Status Change Date
2026-10-29
Under Contract Date
2026-09-28
Close Date
2026-10-28
Close Price
583000
Buyer Financing
Cash
SP/Acre
670114.94

More Information

Boat and Dock Information

Dock
No

Originating Details

Originating System Key
20260321144522471576000000
Originating System ID
M00000170
IDX
Listing Office: Rook Realty LLC
Source MLS Verified
Last Updated: October - 29 - 2026
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