8 months on rocket

Backup Offers

508 S Federal Hwy, Lake Worth Beach, FL, 33460

$1,500,000

Land

Location

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Property Highlights

MLS #RX-10962239
StatusAccepting Backup Offers
(Active Under Contract)

About 508 S Federal Hwy

Unlock a lucrative investment opportunity with our premier property featuring fully entitled and plated lots for 15 townhomes. Benefit from a streamlined development process as the lots come fully entitled, minimizing delays and reducing holding costs. Positioned in a thriving neighborhood, the townhomes enjoy proximity to schools, shopping, and transportation hubs, ensuring a high-demand market. With an upscale resale opportunity. This investment promises a compelling return. Seize the advantage of strategic location, entitlements, and a robust resale value for a profitable venture in the real estate market.

Property Details

Property Features

Listing Office:

  • Office Name: KW Innovations
  • Office Phone: (561) 735-3000
  • Listing Agent: Ahmed Ribhi Abdeldayem PA

Virtual/3D Tour

  • Virtual Tour: 508 S Federal Hwy
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Other

Directions Information:

  • Directions: 6th ave and federal highway

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000
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Housing Market Comparison

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

Med. Sold Price

$455.1K

Med. Price/SqFt

$273

Avg. Days On Market

56

# of Sold Homes

107

508 S Federal Hwy vs Lake Worth

265 DAYS ON ROCKET

+209 Days

$1,500,000

+$1.0M More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price in Lake Worth, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #RX-10962239

Listing Office:

  • Office Name: KW Innovations
  • Office Phone: (561) 735-3000
  • Listing Agent: Ahmed Ribhi Abdeldayem PA

IDXAll 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: 11/14/2024, 1:15:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-77067
5
/10
  • South Grade Elementary School

  • 716 S K St

  • 0.28 miles

  • Public Magnet Grades PK-5

school-card-donut-77068
2
/10
  • Highland Elementary School

  • 500 Highland Ave

  • 1.22 miles

  • Public Magnet Grades EE-5

school-card-donut-77069
2
/10
  • Barton Elementary School

  • 1700 Barton Rd

  • 1.31 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,477. Typical income of Lake Worth, FL residents is between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 508 S Federal Hwy

What is the listing price of this property?

The listing price of 508 S Federal Hwy property is $1,500,000.

What type of property is this?

The property 508 S Federal Hwy is land located in Lake Worth Beach, Florida, 33460.

Is this property for sale now?

Accepting Backup Offers: 508 S Federal Hwy is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
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Rocket Homes›Florida›Palm Beach County›Lake Worth›33460›508 S Federal Hwy

This home is located at 508 S Federal Hwy in Lake Worth Beach, FL and zip code 33460 in the South Palm Park neighborhood. It has been listed on Rocket Homes since February 23, 2024 and is currently priced at $1,500,000.

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. In October 2024 in Lake Worth, FL there were 5.1% more homes for sale than in September 2024. While the average time on the market in October 2024 was 56 days, the median list price was $455,172.

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

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