$875,000
$220K PRICE DROP

4562 &4588 Davis Rd Lake Worth, FL 33461

Lake Worth Corridor Neighborhood

Estimated payment $5,334/month

Total Views 6,630
-- Bed
-- Bath
3,644 Sq Ft
$240 Price per Sq Ft

Highlights

  • 65,340 Sq Ft lot
  • Patio
  • 1 Car Garage
  • Room in yard for a pool
  • Tile Flooring

About This Home

Prime development opportunity. Rarely available 2 lot package deal. Approximately 1.5 acres in total. Spread out over 2 separate lots conveniently situated next to each other. Currently pending site plan approval. New condos, townhouses, apartment rental complex, single family homes, this property offers endless possibilities. Zoned RM HR MULTI-FAMILY( UNINCORPORATED ). Possible Potential for 18 units plus. Centrally located only a few blocks away from busy Lake Worth Road & Melaleuca Lane. Easy access to both I-95 & FL Turnpike. A short distance to other new redevelopment, restaurants, shopping, downtown areas, beaches, hospitals, airports, schools and colleges. Perfect opportunity for any investor! Listing includes 2 parcels PCN # 00434430010720030 and PCN # 00434430010720041.

Listing Agent

Mike Petilli

Voro LLC License #3333354 Listed on: 09/27/2024

Voro LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,850

Year Built

  • Built in 1940

Lot Details

  • 1.5 Acre Lot

Parking

  • 1 Car Garage

Home Design

  • Fixer Upper
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,644 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Outdoor Features

  • Room in yard for a pool
  • Patio

Utilities

  • No Cooling
  • No Heating

Community Details

  • 2 Units
  • Unincorporated Palm Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00434430010720030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,850

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1940
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 3644.0

Exterior Features

  • Exterior Features: Patio, Room For Pool
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale, Fixer
  • Roof: Composition, Shingle

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Other
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 00434430010720030
  • Lot Size: approx. 1.5 acres
  • Lot Size Sq Ft: 65340.0
  • Zoning Description: RM HR MU

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5850.0

Multi Family

  • Number Of Units Total: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,041 $298,608 -- --
2023 $4,161 $135,145 $181,692 $78,673
2022 $3,987 $122,859 $0 $0
2021 $3,642 $173,068 $110,740 $62,328
2020 $3,527 $173,128 $110,740 $62,388
2019 $3,474 $173,128 $110,740 $62,388
2018 $3,022 $162,866 $110,521 $52,345
2017 $2,758 $138,629 $85,016 $53,613
2016 $2,494 $69,350 $0 $0
2015 $2,368 $63,045 $0 $0
2014 $2,159 $57,314 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2025 05/26/25 Price Changed $875,000 -2.2% --
04/24/2025 04/24/25 Price Changed $895,000 -5.7% --
01/13/2025 01/13/25 Price Changed $949,000 -4.6% --
11/18/2024 11/18/24 Price Changed $995,000 -9.1% --
09/24/2024 09/24/24 For Sale $1,095,000 -- --
Source: BeachesMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $405,000 None Listed On Document
Warranty Deed $75,000 Home Title American Inc
Warranty Deed $60,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $61,696 No Value Available
Source: Public Records

Source: BeachesMLS

MLS Number: R11024360

BeachesMLS

APN: 00-43-44-30-01-072-0030

Florida Palm Beach County Lake Worth 33461 Lake Worth Corridor

4562 &4588 Davis Rd, Lake Worth, FL

This home is located at 4562 &4588 Davis Rd, Lake Worth, FL 33461 and is currently priced at $875,000, approximately $240 per square foot. This property was built in 1940. 4562 &4588 Davis Rd is a home located in Palm Beach County with nearby schools including Palm Springs Elementary School, Lake Worth High School, and Lake Worth Community Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Mike Petilli
Listing Agent
Mike Petilli
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Voro LLC
(561) 786-7491