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Palm Beach 33463 Biltmore Terrace
4868 Canal Drive
$475,000
● House - Off Market

4868 Canal Drive

Lake Worth, FL 33463
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,563 Ft²
$590,651
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

NO HOA POOL HOME! Over 2,500 sq ft.  The home boasts 4 bedrooms, 3 beautifully remodeled bathrooms, loft, spacious updated kitchen, plenty of living space for entertaining and a refreshing pool! What more could you ask for?  Close to shopping and minutes from the beach. Check it out before it's gone! More pics to come!  Open House Saturday 1/30 from 3:00 - 5:00 and Sunday 1/31 from 1:00 - 4:00.
Unit Size
2,563 Ft²
Days on Market
57 days
Land Size
-
Price per sqft
$185
Property Type
House
Property Taxes
$241
HOA Dues
-
Year Built
1976

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (Beaches MLS #R10687026)

Price History

Date / Event Date Event Price
May 26, 2023 Sold
Premium
Sold
Oct 24, 2022 Listed by Robert Slack LLC $610,000
Listed by Robert Slack LLC
Apr 6, 2021 Sold
Premium
Sold
Jan 24, 2021 Listed by Robert Slack LLC $475,000
Listed by Robert Slack LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 273
  • Parking Space Count: 1
  • Patio Type: 69
  • Porch Type: 7
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 9,753
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,950
  • Gross Building Area: 2,950
  • Building Area: 2,563
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,563
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BILTMORE TERRACE
  • Land Acres: 0000000224
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: BILTMORE TERRACE LT 51 PT 1

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 005918

Zoning

  • Zoning: AR

Geography

  • Assessors Map Reference: 287
  • Parcel: 00-42-45-12-01-001-0510
  • Block: 1
  • Lot: 51
  • Meridian: SEC 12 TWN 45S RNG 42E
  • Municipality: UNINCORPORATED
  • Latitude: 26.5636
  • Longitude: -80.1207

    Address

  • Full Address: 4868 Canal Dr
  • Address - House Number: 4868
  • Address - Street Name: Canal
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Lake Worth
  • Carrier Code: R002
  • 4-Digit Zip Code: 8157
  • Zip Code: 33463

Valuation

    Tax

  • Total Area: 2,602
  • Tax Year: 2023
  • Tax Amount: $638,182
  • Tax Rate Code Area: 203

    Appraisal Valuation

  • Standard Deviation: 0.1911
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 617,886
  • High Value: 736,004
  • Low Value: 499,768

    Market Valuation

  • Market Total Value: $402,560
  • Market Land Value: $122,859
  • Market Improvement Value: $279,701

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $402,560

    Sales

  • Current Sale Contract Date: May 10, 2023
  • Current Sale Recording Date: May 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 177928
  • Previous Sale Recording Date: Apr 06, 2021
  • Previous Sale Contract Date: Mar 26, 2021
  • Previous Sale Amount: $475,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Biltmore Terrace

Stats & Trends

Median Asking:

$782,000

Sale Price/ft²

$349

Below Asking

0.03%

Average Days on Market

70

Average Home Size

3008 ft²

Average Home Age

21.2 years

Currently For Sale

6 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 9770 Nickels Boulevard, FL, 16509

$2,600 /mo

  • 2 Beds
  • 2 Baths
  • 1,323 ft²
9770 Nickels Boulevard #404, FL, 16509 Listing by George Alan Feldman
Unit for rent at 6892 Mill Brook Place, Lake Worth, FL, 33463

$2,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,308 ft²
6892 Mill Brook Place, Lake Worth, FL, 33463 Listing by Austin Frankoski
Unit for rent at 9746 Nickels Boulevard, Boynton Beach, FL, 33436

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,215 ft²
9746 Nickels Boulevard #103, Boynton Beach, FL, 33436 Listing by Raquel M Crowe

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Charity Malham
Robert Slack LLC
Last Updated: 4 months ago
Data Source: Beaches MLS, MLS# R10687026
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.

Frequently Asked Questions

When was property at 4868 Canal Drive built and last sold?
The property at 4868 Canal Drive was built in 1976 and last sold on May 10, 2023 for $590,000.
How much is this home worth?
The estimated value of the home located at 4868 Canal Drive is $827,209.
What are some comparable homes to 4868 Canal Drive?
There are currently no comparable homes to 4868 Canal Drive.
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