4614 Gulfstream Road, Lake Worth, FL 33461

About this home

Bring your vision to unincorporated Lake Worth! A compelling opportunity for investors, builders, and developers to acquire 1.83 acres in the heart of Lake Worth, Florida, with the potential for a 20-unit multifamily development. This property offers a head start for future development, with several key approvals previously secured, significantly advancing the preliminary planning process. Zoning, water utility, right-of-way, drainage, and Health Department permits have already been previously approved, providing a valuable foundation for the next phase of development. Completed building plans are also available and attached to the MLS, offering additional value and a head start for prospective developers. The proposed unit mix consists of 17 two-bedroom, two-bathroom units and 3 one-bedroom, one-bathroom units. Based on comparable rental rates, the projected rental income could reach approximately $44,500 per month, or $534,000 annually, assuming all 20 units are rented at the estimated market rates of $2,300 per month for the two-bedroom units and $1,800 per month for the one-bedroom units. These figures represent potential gross rental income before expenses, vacancy, and other operating costs. Ideal for investors seeking their next project, builders looking to expand their portfolio, or developers pursuing multifamily opportunities in a central Lake Worth location. With substantial preliminary work already completed, this property presents an opportunity to build on the progress made and explore its full development potential. Buyer to independently verify zoning, approvals, development feasibility, and all intended uses with the appropriate authorities. Seller is open to seller financing.

Video Tour

Watch the video tour of 4614 Gulfstream Road

Schools

• Elementary: Starlight Cove
• Middle: Tradewinds
• High: Lake Worth

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

RE/MAX Direct · ben@homesbydirect.com · Listing agent: Brett A Colby

Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 4614 Gulfstream Road.

Questions About 4614 Gulfstream Road

How much is 4614 Gulfstream Road?

4614 Gulfstream Road is listed at $1,250,000, which is about $77 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.

What are the property taxes on 4614 Gulfstream Road?

The listing reports annual property taxes of $9,362 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.

When was 4614 Gulfstream Road built?

4614 Gulfstream Road was built in 1948 and the listing describes its condition as resale. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.

How long has 4614 Gulfstream Road been on the market?

4614 Gulfstream Road has been listed for 13 days. Days on market and price changes are the first signals of how much room there is to negotiate.

Which schools serve 4614 Gulfstream Road?

The MLS lists Starlight Cove (elementary), Tradewinds (middle), Lake Worth (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.

How do I see 4614 Gulfstream Road?

Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

To request a tour, call (786) 914-1017 or email sales@breakthrurealty.com.

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