3825 Lakewood Road A, Palm Springs, FL 33461

$635,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,844 Status: Active Under Contract
Current Price: $635,000 List Date: 3/21/2026 Last Modified: 10/21/2026

Overview

Description

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 Details MLS# B26005257

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1844
Building Area Source
Public Records
Living Area Main
1402
Living Area Source
Public Records
Adjusted Area Main
1555
Accessibility Features YN
No
Year Built
1940
Parking Total
Yes
Gated Community YN
No
Lot Size Area
38190
Lot Size Acres
0.88
Lot Size Dimensions
146X262
Senior Community YN
No
Land Lease YN
No
Recreation Lease YN
No
Outdoor Living Spaces YN
No
Stories Total
Yes
Stories
Yes
Direction Faces
North
Fireplace YN
No
Pool Private YN
No
Spa YN
No
Equestrian Features YN
No
Furnished
Unfurnished
LP/Assessed Value
1.44

Property Features

Dining Area: Other Electric: Three Phase Flooring: Other Parking Features: Open Property Condition: Resale Special Listing Conditions: Standard Appliances: None Architectural Style: Traditional Construction Materials: Frame; Stucco Cooling: Other Fencing: Fenced Heating: Other Interior Features: Other Laundry Features: Other Levels: Multi/Split Listing Terms: Cash; Conventional Lot Features: Fruit Tree(s) Other Structures: Shed(s); Other Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow; Negotiable Restrictions: No Restrictions; Other Restrictions Roof: Composition; Shingle; Other Security Features: None Sewer: Public Sewer Special Information: Sold As-Is Structure Type: House Tax Information: City/County Utilities: Cable Available; Water Available; Other View: Other Water Access: None Water Source: Public; Other Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Occupied; Schedule Online Contingencies: None Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Den; Dining Room; Family Room; Great Room; Kitchen; Laundry; Living Room; Maid/In-Law Quarters; Master Bedroom; Workshop Acreage Description: 1/2 To Less Than 1 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
670000
Negotiable Seller Concessions YN
Yes
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
3825
Street Name
Lakewood
Street Suffix
Road
Unit Number
A
City Name
Palm Springs
Municipality Type
Incorporated
Municipal Code
70
State Or Province
FL
Postal Code
33461
Postal Code +4
3573
Postal Zip
33461
Subdivision Name
LAKEWOOD GARDENS 1
Area
5690
Geographic Area
PB19
Elementary School
Palm Springs (Palm Beach)
Middle Or Junior School
L. C. Swain
High School
John I. Leonard
Special Assessment YN
No
Parcel Number
70434419110020151
Subdivision Number
11
Zoning
RM (city)
Flood Zone
AE,X

Financial Information

Application Required YN
No
Master Association YN
No
Membership Fee Required YN
No
Tax Annual Amount
9094.54
Tax Year
2025
Tax Assessed/SOH Value
441463
Tax Legal Description
LAKEWOOD GARDENS PL 1 WLY 146.04 FT OF TRS 15 & 16 BLK 2
Assessor Market Value
441463

Status Change Information

Major Change Timestamp
2026-10-01T16:25:48Z
Major Change Type
Status Change
Price Change Timestamp
2026-07-24T18:00:23Z
Status Change Date
2026-10-01
Under Contract Type
Active Under Contract
Under Contract Date
2026-09-28

More Information

Co-Ownership

Property Management YN
No

Main Level Rooms

Main Level Bathrooms
2
Main Level Bedrooms
2

Pet Details

Pet Fee YN
No

Room Types

Bedroom 2 Level
First
Bedroom 3 Level
First
Bedroom 4 Level
First
Great Room Level
First
Kitchen Level
First
Living Room Level
First
Master Bedroom Level
First

Price Calculations

Current Price To SqFt
363.34

Originating Details

Originating System Key
20260321145134995587000000
Originating System ID
M00000170

Room Information

Room Name Length Width Level
Living Room 18.00 12.00 First
Dining Room 12.00 12.00 First
Dining Room 11.00 9.00
Kitchen 12.00 11.00 First
Master Bedroom 12.00 17.00 First
Bedroom 2 12.00 11.00 First
Bedroom 3 12.00 14.00 First
Bedroom 4 11.00 13.00 First
Great Room 26.00 9.00 First
Family Room
Laundry
Maid/In-Law Quarters
Workshop
Den
IDX
Listing Office: Rook Realty LLC
Source MLS Verified
Last Updated: October - 21 - 2026
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