by RH Advisors

Check Availability
Lake Worth 33460
1619 S Federal Hwy
$1,225,000
↓ $75K (5.8%)
Land - For Sale

1619 S Federal Hwy

Lake Worth, FL 33460
bedrooms
Studio
bathrooms
0 Bath
$6,814
Estimated Monthly
0.47%
Cap Rate

About This Property

INCREDIBLE Opportunity to purchase 3 connected parcels totaling over 3/4 acre in PRIME Lake Worth Beach Federal Highway Location. Commercially Zoned, with Mixed-Use Federal Highway zoning  to build 32+ units! Contact the City Zoning Department to find out permissible uses. Great location near the beach, parks, US-1, and shopping, restaurants & nightlife in Downtown Lake Worth Beach. 3 addresses are 1621 & 1619 South Federal Highway plus 1622 South N Street.
Unit Size
-
Days on Market
468 days
Land Size
0.75 acres
Price per sqft
-
Property Type
Land
Property Taxes
$798
HOA Dues
-
Year Built
1937

Listed By

Kathryn Lillis
Lillis Coastal Realty
Last updated: 2 months ago (Miami MLS #A11345023)

Price History

Date / Event Date Event Price
Apr 2, 2024 Price Decreased $1,225,000
↓ $75K (5.8%)
Price Decreased
Oct 28, 2023 Price Decreased $1,300,000
↓ $200K (13.3%)
Price Decreased
Feb 18, 2023 Listed by Lillis Coastal Realty $1,500,000
Listed by Lillis Coastal Realty
INCREDIBLE Opportunity to purchase 3 connected parcels totaling over 3/4 acre in PRIME Lake Worth Beach Federal Highway Location. Commercially Zoned, with Mixed-Use Federal Highway zoning. Contact the City Zoning Department to find out permissible uses. Great location near the beach, parks, US-1, and shopping, restaurants & nightlife in Downtown Lake Worth Beach. 3 addresses are 1621 & 1619 South Federal Highway plus 1622 South N Street.

Property Highlights

Exterior Details

Building Information

Building Name: LAKE WORTH TOWN OF ADD 1
Other Structures: None
Building Area Units: Square Feet

Lot Information

Lot Features: City Location, Lake Worth, 3/4 To Less Than 1 Acre Lot, Build To Suit
Lot Size Units: Square Feet
Lot Size Acres: 0.7535
Lot Size Square Feet: 32819
Financial Details
Tax Legal Description: ADD 1 TO TOWN OF LAKE WORTH LT 11 BLK 89
Tax Annual Amount: $9,577
Tax Year: 2022
Parcel Number: 38434427010890110
Property is Zoned: MU-FH (c

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1970
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Floor Count: 1
  • Business/Commerical Units Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,852
  • Total Building Area: 536
  • Gross Building Area: 536
  • Building Area: 536
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: TO TOWN OF LAKE WORTH
  • Land Acres: 0.157
  • Legal Description 1: ADD 1 TO TOWN OF LAKE WORTH LT 11 BLK 89

Ownership

  • Current Owner : JENS PROPERTY LLC
  • Previous Owner : SHOOK KEY LINDA
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: unknown
  • Vacant Flag Date: Jan 11, 2024

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 005202

Zoning

  • Zoning: MU-FH

Geography

  • Assessors Map Reference: 254
  • Parcel: 38-43-44-27-01-089-0110
  • Block: 89
  • Lot: 11
  • Municipality: LAKE WORTH
  • Latitude: 26.5957
  • Longitude: -80.0528

    Address

  • Full Address: 1619 S Federal Hwy
  • Address - House Number: 1619
  • Street Direction: S
  • Address - Street Name: Federal
  • Address - Suffix Type: Hwy
  • State: FL
  • City Name: Lake Worth Beach
  • Carrier Code: C024
  • 4-Digit Zip Code: 5841
  • Zip Code: 33460

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,836
  • Tax Rate Code Area: 38457

    Market Valuation

  • Market Total Value: $112,717
  • Market Land Value: $70,076
  • Market Improvement Value: $42,641

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $105,130

    Sales

  • Current Sale Contract Date: Jun 03, 2022
  • Current Sale Recording Date: Jun 06, 2022
  • Current Sale Transaction ID: 11890303094
  • Current Sale Price: $255,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 243897

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Other
Loft
-
-
$1,300,000 Feb 18, 2023
-
$798/mo
Commercial
Loft
-
-
$1,120,000 Feb 1, 2023
-
$250/mo
Condo
3 Beds
2.5 Baths
2,002 ft²
$674/ft²
$1,350,000 Feb 14, 2024
-
$3,626/mo
Condo
3 Beds
3.5 Baths
2,317 ft²
$604/ft²
$1,399,000 Jan 27, 2023
-
$3,484/mo
Condo
2 Beds
2 Baths
1,886 ft²
$793/ft²
$1,495,000 May 3, 2023
-
$3,449/mo
Quadruplex
11 Beds
5 Baths
3,781 ft²
$284/ft²
$1,075,000 Feb 6, 2024
-
$1,309/mo
House
4 Beds
3.5 Baths
2,584 ft²
$600/ft²
$1,550,000 Feb 23, 2024
-
-

About Lake Worth


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Frequently Asked Questions

When was property at 1619 South Federal Highway built and last sold?
The property at 1619 South Federal Highway was built in 1937 and last sold on Jun 3, 2022 for $255,000.
How much is this home worth?
The estimated value of the home located at 1619 South Federal Highway is $1,313,000.
What are some comparable homes to 1619 South Federal Highway?
Homes that are comparable to 1619 South Federal Highway include a other property at 1621 South Federal Highway, a commercial property at 1600 South Federal Highway, a condo property at 3475 South Ocean Boulevard.

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