by Global Lifestyle Properties

Check Availability
$349,000
● Land - In Contract

6650 Riggers Road

Lake Worth, FL 33462
bedrooms
Studio
bathrooms
0 Bath
$2,201
Est. Monthly

About This Property

Estate Sale | Covered Land Play | 17,856 SF lot zoned RS  (Single-Family Residential) with an unfinished A-frame structure and a SFR. Typical neighborhood land values range from $15-$20/SF, presenting strong redevelopment or tear-down potential. Seller to address existing liens and satisfy all outstanding balances at or prior to closing. Existing neighborhood supports $500,000+. The parcel can be subdivided into 2-3 homesites subject to zoning verification.   Three additional contiguous sites available across the street from the subject property. Economic Drivers, Demand, and the Scarcity of Buildable LandAtlantis, Florida represents one of the most supply-constrained residential submarkets in Palm Beach County - a fully established, low-density community where true buildable vacant lots are increasingly rare. Unlike expanding fringe markets where new land can be readily entitled and delivered, Atlantis is largely built-out, placing a premium on infill opportunities and creating a market dynamic driven less by volume and more by scarcity and substitution.The local economy benefits from its strategic positioning within the Central Palm Beach County employment corridor, offering immediate access to regional healthcare, professional services, and coastal tourism employment nodes in Lake Worth Beach, Boynton Beach, and West Palm Beach. This proximity supports steady household formation, relocation demand, and end-user interest in new construction, particularly among buyers seeking custom homes in established, non-transitional neighborhoods.From a land-use perspective, demand for vacant lots in Atlantis is shaped by a limited buyer universe These groups are not competing across dozens of interchangeable sites - they are competing for one-off opportunities that surface infrequently. As a result, when a clean, buildable lot enters the market, it often attracts disproportionate attention relative to its size, reflecting both the lack of available alternatives and the high replacement cost of acquiring and entitling similar sites.Just beyond Atlantis, Lake Worth Beach functions as the active infill and redevelopment market, where a steady cadence of small-lot construction, tear-downs, and urban redevelopment reinforces the broader regional demand for buildable land. This adjacent activity serves as a demand spillover mechanism, capturing builders and buyers who would otherwise pursue Atlantis directly, but remain motivated by proximity, neighborhood stability, and access to the same employment and lifestyle drivers.At the county level, continued residential permitting activity - even amid higher interest rates and construction cost pressures - underscores an enduring appetite for new housing delivery. However, the primary constraint is not builder interest; it is land availability, particularly in established communities with existing infrastructure, zoning clarity, and neighborhood continuity. This imbalance between consistent demand and structurally limited supply positions well-located vacant lots as strategic, long-duration assets rather than short-cycle commodities.In practical terms, the value proposition for a vacant lot in Atlantis is not merely its entitlement for residential use - it is its irreplaceability within a mature, built-out market. Future supply is largely dependent on property assemblage or tear-down scenarios, both of which introduce higher acquisition costs, entitlement risk, and extended development timelines. By contrast, a build-ready lot offers immediate execution potential, reduced regulatory friction, and a clearer path to vertical construction.For investors and builders alike, this dynamic supports a thesis centered on capital preservation, optionality, and asymmetric upside. Whether deployed for near-term custom home construction or held as a strategic land position in a tightening infill market, vacant lots in Atlantis benefit from the same fundamental driver: demand remains durable, while supply remains structurally finite.
Unit Size
-
Days on Market
-
Land Size
0.41 acres
Price per sqft
-
Property Type
Land
Property Taxes
$487
HOA Dues
-
Year Built
1981

Listed By

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Last updated: 3 months ago (Beaches MLS #F10549887)

Price History

Date / Event Date Event Price
Jul 20, 2026 In contract -
In contract
Jul 2, 2026 In contract -
In contract
May 29, 2026 Price Decreased $349,000
↓ $36K (9.4%)
Price Decreased
May 19, 2026 Price Decreased $385,000
↓ $315K (45%)
Price Decreased
Apr 14, 2026 Price Decreased $700,000
↓ $90K (11.4%)
Price Decreased
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Property Highlights

Exterior Details
Other Structures: None
Lot Features: QuarterToHalfAcreLot
Lot Size Area: 17856
Lot Size Units: Square Feet
Lot Size Acres: 0.41
Lot Size Square Feet: 17856
Water Source: Public
Financial Details
Tax Assessed Value: $398,882
Tax Annual Amount: $5,848
Utilities Details
Sewer : Septic Tank

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Business/Commerical Units Count: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 187
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,942
  • Lot Size Frontage Feet: 1,560
  • Total Building Area: 1,870
  • Gross Building Area: 1,870
  • Building Area: 1,683
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,683
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HYPOLUXO VILLAGE PL 2
  • Land Acres: 0000000412
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: HYPOLUXO VILLAGE PL 2 UNREC LTS 9 & 10 BLK 42 & W 15 FT OF GATOR CREEK LYG E OF & ADJ TO

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 005815

Zoning

  • Zoning: RS

Geography

  • Assessors Map Reference: 280
  • Parcel: 00-43-45-06-02-042-0090
  • Block: 42
  • Lot: 9,10
  • Meridian: SEC 06 TWN 45S RNG 43E
  • Municipality: UNINCORPORATED
  • Latitude: 26.5772
  • Longitude: -80.0974

    Address

  • Full Address: 6650 Riggers Rd
  • Address - House Number: 6650
  • Address - Street Name: Riggers
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Lake Worth
  • Carrier Code: C035
  • 4-Digit Zip Code: 3644
  • Zip Code: 33462

Valuation

    Tax

  • Total Area: 1,663
  • Tax Year: 2023
  • Tax Amount: $558,266
  • Tax Rate Code Area: 283

    Appraisal Valuation

  • Standard Deviation: 0.1816
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 543,206
  • High Value: 641,903
  • Low Value: 444,509

    Market Valuation

  • Market Total Value: $390,704
  • Market Land Value: $270,000
  • Market Improvement Value: $120,704

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $247,764
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Hypoluxo Village


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Frequently Asked Questions

When was property at 6650 Rigger Road built and last sold?
The property at 6650 Rigger Road was built in 1981 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 6650 Rigger Road is $352,490.
What are some comparable homes to 6650 Rigger Road?
There are currently no comparable homes to 6650 Rigger Road.