4374 Forest Road, West Palm Beach, Florida, 33406

Price: $305.9k | ARV: $400k

WEST PALM BEACH | DEVELOPMENT & VALUE-ADD OPPORTUNITY | 2 LOTS

2 BED / 1 BATH

1,000 Sqft · Wood Frame · Single story · Year built 1938 · Lot: 13,068 Sqft

Opportunity for builders, developers and investors in a high-potential West Palm Beach parcel. This offering includes two adjacent lots (two parcel numbers) with RM / Multi-Family medium density designation, totaling 13,068 sq ft. The rear parcel is currently landlocked, creating an attractive development play: renovate or tear down the existing 1938 Dade County Pine structure and pursue a rebuild or subdivision to add another home.

Property Highlights

• Two lots with combined 13,068 sq ft and RM/Multi-Family (medium density) zoning — potential to build an additional residence.
• Existing dwelling: 2 bed, 1 bath, 1,000 sqft, originally built in 1938 and constructed with Dade County Pine.
• Electric system updated to breakers; city water available.
• Site features: fully fenced, shed remains with the property.
• Utilities & conditions: old well at SW rear corner; septic and drainfield located in front NE corner.
• Interior condition notes: living room sustained water damage from a bathtub leak (leak repaired; wall not yet restored). Large attic with ventilation.

Why this makes sense

• Land value and zoning create upside beyond the existing home — strong opportunity for a tear-down and rebuild or a subdivision to maximize lot utilization.
• Attractive lot size in West Palm Beach with RM zoning supports multi-family or additional single-family construction subject to permitting.
• Updated electrical reduces near-term capital expenditures; basic site infrastructure present (city water).

Key Considerations

• Rear parcel is landlocked — development may require access easement or consolidation with neighboring parcels.
• Septic and old well on site will impact redevelopment strategy; confirm utility and permitting requirements with the city.
• Property condition suggests probable tear-down, though the existing structure offers short-term holding value or light rehab potential.

Ideal For

• Builder / Developer looking to capitalize on RM zoning and lot depth.
• Investor / Cash buyer seeking a value-add or tear-down/resell opportunity.
• Buy-and-hold with potential to add a second dwelling or subdivide subject to approvals.

Summary: A rare West Palm Beach parcel package with zoning and lot size that unlock meaningful upside. Priced at $305.9k with an estimated ARV of $400k — excellent for a strategic investor or builder prepared to execute a redevelopment plan.

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