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7235 Saddle Rd
About This Property
Rare opportunity to own a vacant lot in a highly desirable Lake Worth location! This parcel shares the same street address as the adjacent home but has its own separate parcel number, offering unique possibilities for future development or investment.
Situated in unincorporated Lake Worth within a NON-HOA community, this property provides the freedom and flexibility that many buyers seek, with no association fees or restrictions. Conveniently located near the corner of Hypoluxo Road and Jog Road, you'll enjoy easy access to shopping, dining, parks, major highways, and everyday conveniences.
The property is also zoned for highly rated Palm Beach County schools, making it an attractive option for future homeowners and investors alike.
Don't miss this chance to secure a well-located parcel in a growing area of Palm Beach County.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 2, 2026 | Listed by LPT Realty, LLC | $799,000 | |
| Listed by LPT Realty, LLC | |||
| Oct 28, 2020 | Sold | ||
| Sold | |||
| Jul 27, 2020 | Listed by LPT Realty, LLC | $869,900 | |
| Listed by LPT Realty, LLC | |||
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About Palm Beach Ranches
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017