502 S Palmway, Lake Worth Beach, FL 33460 (MLS# B26023939)

502 S Palmway, Lake Worth Beach, FL 33460

New Listing
$950,000
Property Type: Land & Docks Lot Size (sq. ft.): 18,295 Status: Active
Current Price: $950,000 List Date: 5/04/2026 Last Modified: 5/07/2026

Overview

Description

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. Structure on Site subject to teardown.

Listing Details MLS# B26023939

General Property Information

Transaction Type
Listing For Sale
Property Sub Type
Unimproved Land
Lot Size Acres
0.42
Lot Size Square Feet
18295.2
Lot Size Dimensions
121 X 150
Property Description
SINGLE FAMILY RESIDENTIAL
Equestrian Features YN
No
Direction Faces
East
LP/Assessed Value
3.25
LP/SqFt
51.93

Property Features

Current Use: Single Family Development Status: See Remarks Documents Available: None Environmental Audit: Unknown Fencing: Back Yard Possession: Close Of Escrow Possible Use: Single Family Sewer: Public Sewer Special Listing Conditions: Standard Utilities: Natural Gas Available; Sewer Available; Water Available Listing Terms: Cash Road Surface Type: Paved Tax Information: City/County Water Access: None Water Source: Public Showing Requirements: See Remarks Elevation Description: 0-5 Feet Above Sea Level Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
950000
Negotiable Seller Concessions YN
No
Listing Service
Full Service
Seller Represented YN
Yes
LP/Acre
2261904.76

Location and Legal

Country
United States
County Or Parish
Palm Beach
Street Number
502
Street Direction Prefix
S
Street Name
Palmway
Municipality Type
Incorporated
Municipal Code
38
State Or Province
FL
Postal Code
33460
Postal Code +4
4637
Subdivision Name
LAKE WORTH TOWN OF ADD 1
Area
5610
Geographic Area
PB16
Elementary School
South Grade
Middle Or Junior School
Lake Worth
High School
Lake Worth
Parcel Number
38434427010040080
Subdivision Number
Yes
Zoning
SF-R (city)
Flood Zone
AE
County Land Use
01
Directions
6th Avenue East then Left on S Palm Way its the last house on the right.

Financial Information

Master Association YN
No
Membership Fee Required YN
No
Tax Year
2025
Tax Annual Amount
5980.61
Tax Assessed/SOH Value
292324
Tax Legal Description
ADD 1 TO TOWN OF LAKE WORTH LTS 8 & 9 BLK 4
Assessor Market Value
726216
Estimated Monthly Assoc Recurring Fee
0

Status Change Information

Major Change Timestamp
2026-05-04T17:49:12Z
Major Change Type
New Listing
Status Change Date
2026-05-04

More Information

Boat and Dock Information

Dock
No

Originating Details

Originating System Key
20260504173644270703000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Special Listing Conditions

Standard
Yes

Documents Available

None
Yes

Fencing

Back Yard
Yes

Current Use

Single Family
Yes

Development Status

See Remarks
Yes

Environmental Audit

Unknown
Yes

Possession

Close Of Escrow
Yes

Possible Use

Single Family
Yes

Sewer

Public Sewer
Yes

Utilities

Natural Gas Available
Yes
Sewer Available
Yes
Water Available
Yes

Water Access

None
Yes

Listing Terms

Cash
Yes

Road Surface Type

Paved
Yes

Water Source

Public
Yes

Showing Requirements

See Remarks
Yes

Tax Information

City/County
Yes

Elevation Description

0-5 Feet Above Sea Level
Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot
Yes
Less Than 1 Acre Lot
Yes
IDX
Listing Office: Compass Florida LLC
Last Updated: May - 07 - 2026
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