$699,000

1120 S Federal Highway, Lake Worth Beach, FL 33460

1,456 sqft

Duplex
Built in 1961
6,970sqft lot
—— car garage
$480/sqft
Listed 1 month ago

Property Description

LOCATION Incredible! Great Zoning: Residential, and Commercial, Mixed-use, Retail or Medical. Currently Multifamily use. 3 min walk to the Intracoastal and only 5 minutes drive to the golden sands of Palm Beach Island - home to many billionaires, this exceptional property offers a rare blend of lifestyle and investment potential. The second floor alone generates an annual gross rental income of $28,200. One part of the first floor (room) is currently leased for $14,400 annually, while the other half, currently owner-occupied, potential for an additional $22,800 in yearly income. It set on a spacious lot with ample parking; the property includes a charming 112-square-foot patio and a large yard offering room to build or expand in the future. Walk to $70 million luxury hotel renovation.

Listing Status:: Active
Date Added:: September 17, 2025 at 05:00AM
Listing Office:: Coldwell Banker : (561) 395-2233
Listing Agent:: Irina Borisova : (561) 507-8287
MLS ID:: R11124535

Flooring: HardwoodTileWood
A/C: Ceiling Fan(s)ElectricGas
Heating: Electric

General: Fruit Trees
Pool: ConcreteNone

Roofing: CompositionShingle
Windows: Impact Glass
General: Block2

HOA Amenities: HVACLaundry
Originating MLS: FTL_RMLS
County: Palm Beach

Zoning: ADD 1 TO TOWN OF LAKE WORTH LT 4 BLK 4938434427010490040
View: Garden

Utilities: Electricity AvailableNatural Gas AvailableSewer AvailableWater Available
Water: Public
Sewer: Public Sewer

Source: FTL_RMLS

This listing courtesy of Irina Borisova, Coldwell Banker

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

South Grade Elementary School

716 S K St, Lake Worth Beach, FL, 33460

Grades PK-5

0.42 miles away

Palm Beach Maritime Academy

1518 W Lantana Rd, Lantana, FL, 33462

Grades KG-8

1.49 miles away

Lake Worth Community High School

1701 Lake Worth Rd, Lake Worth Beach, FL, 33460

Grades 9-12

1.30 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.