402 N Federal Hwy, Lake Worth Beach, FL, 33460

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402 N Federal Hwy, Lake Worth$1,299,000

Buyer Closing Credits

$10,000^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeQuadruplex

Year Built1941

HeatingCentral, Electric

CoolingCentral Air, Electric

WaterfrontNone

MLS #RX-11023676

StatusActive

About 402 N Federal Hwy

Prime investment opportunity in Downtown Lake Worth Beach. Located on Federal Hwy just four blocks north of Lucerne Avenue, this unique property consists of two separate structures on an oversized double parcel (TOWN OF LAKE WORTH LTS 1 & 2 /LESS W 5 FT SR R/W/ BLK 106) and is zoned Mixed Use Federal Hwy (MU-FH), which allows for a multitude of uses including Low intensity office uses, Low intensity personal service uses, Hotels and motels, Multifamily residences, and more. One structure with frontage on Federal Hwy is two stories housing three (3) dwelling units with nearly 2,800 SF. The second structure has frontage on 4th Ave N and features three (3) dwelling units with approximately 1,700 SF.

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Property Details

Property Features

Property Information:

• Year Built: 1941
• Stories: 2
• Living Area: 4,141 SqFt

Listing Office:

• Office Name: Coldwell Banker Premium Realty
• Office Phone: (561) 444-2688
• Listing Agent: Sean Mooney

Interior Features

Interior Information:

• Flooring Type: Tile

Exterior Features

Exterior Information:

• Private Pool: No
• Waterfront: None
• Exterior: Covered Balcony, Covered Patio, Room for Pool

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Utilities

Utilities Information:

• Heating: Central, Electric
• Cooling: Central Air, Electric

Other

Directions Information:

• Directions: NORTH ON FEDERAL HWY FROM LUCERNE AVENUE. PROPERTY ON EAST SIDE.

Price Information

Listing Price Info

Price Summary:

• List Price: $1,299,000
• Price Per SqFt: $314/SqFt

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Housing Market Comparison

See how this home compares to others in Lake Worth, FL.

Lake Worth, FL

City

Med. Sold Price

$455.1K

Med. Price/SqFt

$273

Avg. Days On Market

56

# of Sold Homes

107

402 N Federal Hwy vs Lake Worth

60 DAYS ON ROCKET

+4 Days

$1,299,000

+$843.8K More

$314/SqFt

+$41 More

KEY TAKEAWAY

This property is $843.8K more than the Median Sold Price and $41/SqFt more than other homes in Lake Worth, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #RX-11023676

Listing Office:

• Office Name: Coldwell Banker Premium Realty
• Office Phone: (561) 444-2688
• Listing Agent: Sean Mooney

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/24/2024, 4:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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**Disclosures

Rocket Homes›Florida›Palm Beach County›Lake Worth›33460›402 N Federal Hwy

This home is located at 402 N Federal Hwy in Lake Worth Beach, FL and zip code 33460 in the Parrot Cove neighborhood. This 4,141 square foot home was built in 1941. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $1,299,000.

In October 2024, from all listings sold in Lake Worth, FL there were more than 11 sold above asking price, over 74 sold below and more than 22 were sold right at the asked price. The number of listings in Lake Worth, FL increased by 5.1% between September 2024 and October 2024. In October 2024 median list price was $455,172 and the average listing age was 56 days.

From Rocket Homes Real Estate and based on county public records data.