$400,000

Situated on a 0.41-acre canal-front parcel in Lake Worth, this opportunity offers a compelling value-add and redevelopment opportunity. The 3BR/2BA home features vaulted ceilings, exposed beams, and an open layout with two bedrooms on the main level and a lofted primary suite above. Expansive windows and French doors lead to… Read More a large deck overlooking the canal. Property includes two HVAC systems, laundry, utility space, driveway, and carport. Zoned to allow subdivision into two or three single-family lots, offering multiple strategies: renovate, redevelop, or hold as a covered land play. Ideal for investors, builders, or end-users seeking a waterfront opportunity with upside. The seller is working on providing marketable tile as the property has a lien. Positioned on an oversized 0.41-acre parcel along a tranquil canal in Lake Worth, this architecturally distinctive residence presents a compelling value-add and redevelopment opportunity in a supply-constrained submarket. The existing improvements feature a 3-bedroom, 2-bath wood-frame home with a highly desirable open floor plan anchored by soaring vaulted ceilings, exposed timber trusses, and tongue-and-groove wood decking, delivering volume and character rarely found at this price point. The layout includes two bedrooms on the main level and a second-floor loft and primary suite, creating functional separation and flexible living configurations. Natural light pours into the main living area through expansive glazing, seamlessly connecting the interior to a large wood deck overlooking the canal, accessed via French doors—an ideal canvas for repositioning into a lifestyle-driven product. Operationally, the property is supported by two HVAC systems, a dedicated laundry room, utility space, concrete driveway, and carport. From an investment perspective, the true upside lies in the land. The 0.41-acre site offers sufficient density, per zoning, to subdivide into two single-family parcels, providing multiple exit strategies: Renovate and capitalize on the existing structure. Redevelop into two possibly three new construction homes. Hold as a covered land play with future appreciation The property is in fair condition and primed for renovation, making it well-suited for fix-and-flip investors, builders, or end-users seeking to create a custom waterfront residence. This is a rare opportunity to control a large, subdividable homesite with architectural character and waterfront exposure—a combination that continues to outperform in today's market. Read Less

Courtesy of Media Realty 954-923-2325

Listing Snapshot

Days Online

176

Last Updated

Oct 22, 2026

Property Type

Single Family Residence

Beds

Full Baths

Square Ft.

1,856

Lot Size

0.41 Acres

Year Built

1981

MLS Number

B26021953

Additional Details

Property Access

Frontage Type: City Street, Road Surface: Gravel

Appliances & Equipment

Range, Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer

Building

Built in 1981, Living area: 1856.0, Building faces South, 2 stories, Levels: One and One Half, Two, Construction Materials: Wood Frame, Wood Siding

Cooling

Central Air

Doors

French Doors

Exterior Features

Patio/Porch Features: Patio - Open, Patio, Deck, Garden, Storage

Floors

Carpet, Ceramic Tile, Tile

Heating

Central Individual

Interior Features

High Ceilings, Upstairs Living Area, Vaulted Ceiling(s)

Laundry

In Carport, Inside, Outside

Lot

0.41 acres, Oversized Lot

Parking

2 carport spaces, 2 covered spaces, 2 open parking spaces, 4 total parking spaces, Attached Carport, Carport, Concrete, Covered, Driveway

Pets Policy

Allowed: No Restrictions, Yes

Property

Resale, Canal, Garden

Roof

Shingle

Security Features

None

Sewer

Public Sewer, Septic Tank

Taxes

Parcel Number: 00434506020420070, Annual Amount: $7,710.13, Assessed Value: $411,503, Legal Description: HYPOLUXO VILLAGE PL 2 UNREC LTS 7 & 8 BLK 42 & W 15 FT OF GATOR CREEK LYG E OF & ADJ TO, Year: 2025, Zoning: RS

Utilities

Cable Available, Water Connected, Water Source: Public

Windows

Sliding

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