Single Family Residence · Under contract

3825 Lakewood Road # A

Palm Springs, FL 33461

$635,000

Beds: 2
Baths: 2
Sq ft: 1,402
Year built: 1940
Price per sq ft: $453

Listing courtesy of Devin J Hill, Rook Realty LLC

About this home

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.

Details

Property

Type: Single Family Residence
Style: Split Level
Year built: 1940
Stories: 1
Lot size: 38,190 sq ft
Subdivision: LAKEWOOD GARDENS 1
County: Palm Beach County
Faces: North
View: Other Water View

Interior

Laundry: Laundry Room, Utility Room/Laundry
Features: Den/Library/Office, Family Room, Great Room, Separate Guest/In-Law Quarters, Maid/In-Law Quarters, Maid'S Quarters, Utility Room/Laundry, Workshop
Furnished: Unfurnished

Exterior and parking

Exterior: Fruit Trees
Parking: Open
Construction: Frame, Frame With Stucco, Stucco
Roof: Other Roof/Roof Structure, Comp Shingle Roof, Composition Roll, Shingle

Community and fees

Security: No Fire Protection, No Security
Pets: Yes
Annual taxes: $9,094
Terms: All Cash, Conventional

Neighborhood

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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.

Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated October 1, 2026.