Prime Multifamily Development Opportunity – Nearly 1 Acre in High-Demand Area. Rare opportunity to acquire a 0.88-acre parcel with multifamily zoning (RM-15) allowing for up to 5 units—ideal for investors and developers looking to capitalize on strong rental demand in Palm Beach County. Situated on a generously sized lot, this property offers exceptional redevelopment potential with ample space for new construction, parking, and modern design layouts. The existing structure provides flexibility for interim use or income while plans are developed.. Asking price is based on the value of the build-able land & home. Measurements are approx., subject to errors, omission and changes without notice.
Listing Provided Courtesy of Rook Realty LLC at 561-699-8720
Property Details
Price:
$635,000
MLS #:
B26005257
Status:
Active
Beds:
2
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
LAKEWOOD GARDENS 1
Neighborhood:
5690
Listed Date:
Mar 21, 2026
Finished Sq Ft:
1,402
Total Sq Ft:
1,844
Lot Size:
1,663,556,400 sqft / 0.88 acres (approx)
Year Built:
1940
See this Listing
Schools
Elementary School:
Palm Springs (Palm Beach)
Middle School:
L. C. Swain
High School:
John I. Leonard
Interior
Appliances
None
Bathrooms
2 Full Bathrooms
Cooling
Other
Flooring
Other
Heating
Other
Interior Features
Other
Laundry Features
Other
Levels
Multi/Split
Main Level Bathrooms
2
Main Level Bedrooms
2
Exterior
Architectural Style
Traditional
Construction Materials
Frame, Stucco
Direction Faces
North
Fencing
Fenced
Lot Features
Fruit Tree(s)
Other Structures
Shed(s), Other
Parking Features
Open
Parking Spots
1
Parking Total
1
Roof
Composition, Shingle, Other
Security Features
None
Stories
1
View
Other
Waterfront Features
None
Financial
Tax Year
2025
Taxes
$9,095
Map
Community
- Address3825 Lakewood Road A Palm Springs FL
- SubdivisionLAKEWOOD GARDENS 1
- CityPalm Springs
- CountyPalm Beach
- Zip Code33461
Subdivisions in Palm Springs
Market Summary
Current real estate data for Single Family in Palm Springs as of Sep 10, 2026
38
Single Family Listed
57
Avg DOM
370
Avg $ / SqFt
$512,573
Avg List Price
Property Summary
- Located in the LAKEWOOD GARDENS 1 subdivision, 3825 Lakewood Road A Palm Springs FL is a Single Family for sale in Palm Springs, FL, 33461. It is listed for $635,000 and features 2 beds, 2 baths, and has approximately 1,402 square feet of living space, and was originally constructed in 1940. The current price per square foot is $453. The average price per square foot for Single Family listings in Palm Springs is $370. The average listing price for Single Family in Palm Springs is $512,573.
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