Prime Multifamily Development Opportunity - RM Zoning | MR-5 Future Land Use
Exceptional vacant lot located in the RM (Residential Multifamily) zoning district with an MR-5 Future Land Use designation, offering strong development potential. The property measures approximately 89' x 148' (13,172± SF), providing a functional footprint for multifamily construction. Currently allows up to 2 units by right, with potential for increased density through the purchase of Transfer of Development Rights (TDR) (buyer to verify with municipality). Ideal for builders or investors seeking to maximize yield in a high-demand rental market. Strategically positioned within walking distance to restaurants, schools, shopping centers, medical offices, and pharmacies -- a highly desirable location for future
Lot/land
Price cut: $25.1K (6/17)
$369,900
4583 Diekhans Road, West Palm Beach, FL 33417
--beds
--baths
0.3Acres
Unimproved Land
Built in ----
0.3 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 167 days |
- 85 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Taujhae Oladejo 561-373-0657,
Gulfstream Real Estate Solutions, Inc
Source: BeachesMLS,MLS#: R11167649
Originating MLS: BeachesMLS
Facts & features
Interior
Video & virtual tour
Property
Lot
- Size: 0.3 Acres
- Features: Cleared, City Lot, Other, Rural Lot, 1/4 to 1/2 Acre Lot
- Residential vegetation: Grassed, Partially Wooded
Details
- Parcel number: 00424324090000201
- Zoning: RM—MULTI-FAMILY
Utilities & green energy
- Water: Public
- Utilities for property: None, Water Available
Community & HOA
Community
- Subdivision: MILITARY PARK DIEKHANS ADD
HOA
- Has HOA: No
Location
- Region: West Palm Beach
Financial & listing details
- Tax assessed value: $339,548
- Annual tax amount: $7,115
- Date on market: 3/1/2026
- Cumulative days on market: 167 days
- Listing terms: Cash,Lease Purchase,Other
- Road surface type: Paved
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,808/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2026 | Price change | $369,900-6.4% |
Source: | ||
| 4/28/2026 | Price change | $394,999-1.3% |
Source: | ||
| 4/4/2026 | Price change | $400,000-5.9% |
Source: | ||
| 3/25/2026 | Price change | $425,000-5.6% |
Source: | ||
| 3/1/2026 | Listed for sale | $450,000+40.6% |
Source: | ||
| 10/19/2025 | Listing removed | $320,000 |
Source: | ||
| 12/26/2024 | Price change | $320,000-5.9% |
Source: | ||
| 11/19/2024 | Price change | $340,000-22.7% |
Source: | ||
| 7/25/2024 | Listed for sale | $440,000+33.3% |
Source: | ||
| 4/27/2018 | Listing removed | $330,000 |
Source: Adfluentia Realty Management L #H10386959 Report a problem | ||
| 12/13/2017 | Listed for sale | $330,000+37.5% |
Source: Adfluentia Realty Management L #H10386959 Report a problem | ||
| 6/13/2017 | Sold | $240,000-7.3% |
Source: | ||
| 3/27/2017 | Listed for sale | $259,000+3.6% |
Source: Landmark Investments & Real E. #RX-10320199 Report a problem | ||
| 6/29/2016 | Listing removed | $250,000 |
Source: Owner Report a problem | ||
| 3/31/2016 | Listed for sale | $250,000-6% |
Source: Owner Report a problem | ||
| 11/30/2004 | Sold | $266,000+437.4% |
Source: Public Record Report a problem | ||
| 2/25/1999 | Sold | $49,500-17.5% |
Source: Public Record Report a problem | ||
| 4/19/1995 | Sold | $60,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,115 -0.1% | $333,548 +10% |
| 2024 | $7,122 +3.7% | $303,225 +10% |
| 2023 | $6,869 +1.4% | $275,659 +10% |
| 2022 | $6,776 +26.7% | $250,599 +10% |
| 2021 | $5,348 -6.4% | $227,817 +2.4% |
| 2020 | $5,713 +14% | $222,511 +10% |
| 2019 | $5,011 | $202,283 +10% |
| 2018 | $5,011 +14% | $183,894 -3.5% |
| 2017 | $4,397 +15.9% | $190,559 +57.3% |
| 2016 | $3,792 +1.5% | $121,173 +10% |
| 2015 | $3,737 +25.7% | $110,157 +10% |
| 2014 | $2,973 +7% | $100,143 +10% |
| 2013 | $2,777 -19.2% | $91,039 +5.2% |
| 2012 | $3,437 -9.3% | $86,539 -15.7% |
| 2011 | $3,790 -2.8% | $102,665 -6.9% |
| 2010 | $3,900 -8.5% | $110,271 -22.9% |
| 2009 | $4,261 -10.1% | $143,074 -28.5% |
| 2008 | $4,738 +6.1% | $200,034 -9.2% |
| 2007 | $4,464 +16.1% | $220,369 +38.1% |
| 2006 | $3,844 | $159,516 +35.5% |
| 2005 | -- | $117,681 +18.3% |
| 2004 | $1,032 +61.2% | $99,458 +27.5% |
| 2003 | $640 -69.8% | $78,025 |
| 2002 | $2,122 -5.5% | $78,025 -6.8% |
| 2001 | $2,245 +61.3% | $83,753 |
| 2000 | $1,392 +6.8% | -- |
| 1999 | $1,303 | $66,768 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 33417
Nearby schools
GreatSchools rating
- 5/10Egret Lake Elementary SchoolGrades: PK-5Distance: 2.5 mi
- 5/10Bear Lakes Middle SchoolGrades: 6-8Distance: 1.4 mi
- 2/10Palm Beach Lakes High SchoolGrades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Egret Lake
- Middle: Bear Lakes
- High: Palm Beach Lakes
Source: BeachesMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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