Rare 1.46-acre multifamily development site in the Lake Worth corridor — one of the few RM-zoned parcels of this size still available in unincorporated Palm Beach County. Approximately 57,499 SF with direct frontage on Gulfstream Road, this parcel carries RM Residential Multi-Family zoning and an MR-5 future land use designation (5 units per acre base) — a true blank canvas for developers, owner-builders, and build-to-rent investors. The L-12 Drainage Canal along the north boundary creates a permanent buffer and eliminates a rear neighbor, an advantage for site layout and unit orientation. With entitled and pending development land in this submarket trading well above raw-land pricing, a buyer can absorb the entitlement process and still compete on an all-in basis. Nearby approvals have supported 10-unit projects through the county's site-plan and TDR process. Persistent South Florida construction demand and thin supply of developable multifamily land continue to define this corridor. With convenient access to I-95 and greater West Palm Beach, 4137 Gulfstream Road offers scale and flexibility. Sold as vacant land, no site plan or permits. .
Amazing Development Opportunity!!! 1.5 Acres approved for 7 residential units with potential for 10 units. Property is located 1 block away from busy Lake Worth Rd. Easy access to both I-95 & FL Turnpike and main artery roads. Conveniently located near plenty of Restaurants & Shopping, Downtown Areas, Public Beaches & Parks, Airports, Schools & State College, and Religious Facilities. Listing includes 2 lots. PCN #s are 00434430010200011 and 00434430010200013.
Beaches MLS #RX-10506651
Feb 22, 2020
Listing Removed
—
Feb 21, 2019
Listed
$389,000
Beaches MLS #RX-10351374
Jul 18, 2018
Listing Removed
—
May 11, 2018
Relisted
—
Apr 23, 2018
Pending
—
Jul 17, 2017
Listed
$389,000
MARMLS #A1996061
Mar 11, 2015
Sold
$200,000
Aug 25, 2014
Listed
$225,000
MARMLS #A1995334
Aug 22, 2014
Listed
$230,000
Aug 22, 2014
Listing Removed
—
Beaches MLS #RX-3002215
Jun 22, 2009
Sold
$140,000
Mar 4, 2009
Listed
$169,000
Beaches MLS #RX-2524924
Oct 7, 2005
Sold
$530,000
Sep 21, 2005
Listing Removed
—
Apr 8, 2005
Listed
$530,000
Public Records
Sep 1, 1987
Sold
$79,000
Public Records
Sep 1, 1987
Sold
$78,300
Year
Property tax
Land + Additions
Assessment*
2025
$7,668 (+11.7%)
2024
$6,865 (+20.8%)
$415,800
2023
$5,680 (+5,637.8%)
$415,800
2022
$99 (−97.7%)
2021
$4,346 (+44.6%)
$244,530
2020
$3,005 (+12.9%)
2019
$2,661 (+9.0%)
2018
$2,441 (+2.7%)
2017
$2,377 (+118.7%)
2012
$1,087 (−31.4%)
2011
$1,585
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
203 ft.
Lot depth
—
Lot size
1.32 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Palm Beach County
APN
00434430010200011
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 1, 2026.
RM
Multifamily Residential District
The RM district is intended primarily for the development of multiple family dwelling units.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Other
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 105° expected this year, 27 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Lake Worth, FL • 33461
Average low and high temperatures (°F)
73
59
76
62
79
66
81
72
86
76
88
77
89
77
91
78
88
78
84
75
80
68
77
65
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.4 hrs
7.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4137 Gulfstream Rd
$610,610
$14K under list price of $625K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $380K to $680K.