3825 Lakewood Road

Palm Springs, FL 33461

$635,000

$453/ft²

2Beds

2Baths

1,402Sq ft

1940Year built

Single-family homeType

About this home

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.

Property details

Listing

MLS #: B26005257
Status: For sale
Listed on: Mar 20, 2026
Days on market: 142 days
Listing data updated: Jul 24, 2026

Interior

Beds: 2
Baths: 2
Living area: 1,402 ft²
Price per ft²: $453/ft²
Unit: A

Building & community

Type: Single-family home
Year built: 1940
County: Palm Beach

Lot & exterior

Lot size: 38,190 ft²

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $3,211
Property taxes (est.): $583
Home insurance (est.): $433
Flood insurance (est.): —

Estimated total$4,227*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?