Prime Multi-Family Development Opportunity - 5321 Maines Street
This 1.81-acre lot is zoned Multi-Family Urban Fill, making it a prime investment for high-density residential development. The site comes with an approved site plan for 88 one-bedroom, one-bathroom units and 4 two-bedroom, one-bathroom units, maximizing its potential. Located in a rapidly growing urban area, this property offers excellent access to amenities and infrastructure. A rare opportunity for developers seeking a turnkey project in a strong rental market!
Accepting backups
$2,600,000
5321 Maine Street, Lake Worth, FL 33461
--beds
--baths
2.52Acres
Unimproved Land
Built in ----
2.52 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 542 days |
- 1 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Ahmed Ribhi Abdeldayem PA 305-801-5871,
KW Innovations
Source: BeachesMLS,MLS#: R11058271
Originating MLS: BeachesMLS
Originating MLS: BeachesMLSFacts & features
Property
Lot
- Size: 2.52 Acres
- Features: 1-2 Acres, Cleared, City Lot, Rural Lot
- Residential vegetation: None, Other
Details
- Parcel number: 00424425000005380
- Zoning: Urban Infill
Utilities & green energy
- Electric: 3 Phase
- Sewer: Public Sewer
- Utilities for property: Electricity Available, Sewer Available
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Lake Worth
Financial & listing details
- Tax assessed value: $641,744
- Annual tax amount: $6,855
- Date on market: 2/2/2025
- Cumulative days on market: 216 days
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$2,262/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/10/2026 | Listed for sale | $2,600,000+173.7% |
Source:  BeachesMLS #R11058271 Report a problem | ||
| 10/6/2020 | Sold | $950,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,628 +25.9% | $450,047 +10% |
| 2024 | $6,855 -46% | $409,134 -40.3% |
| 2023 | $12,695 +6.5% | $685,524 +10% |
| 2022 | $11,919 +9.1% | $623,204 +10% |
| 2021 | $10,925 -0.8% | $566,549 -0.3% |
| 2020 | $11,014 0% | $568,139 +1.3% |
| 2019 | $11,015 | $560,668 +8.6% |
| 2018 | $11,015 +13% | $516,146 +7.9% |
| 2017 | $9,746 +6.9% | $478,236 +49.5% |
| 2016 | $9,114 +56.3% | $319,896 +2.4% |
| 2015 | $5,831 +1.1% | $312,253 +2.4% |
| 2014 | $5,769 +2.6% | $304,906 +2.7% |
| 2013 | $5,624 +1.8% | $297,034 +4.9% |
| 2011 | $5,523 -1.8% | $283,288 -1.5% |
| 2010 | $5,625 +1.7% | $287,602 -2.5% |
| 2009 | $5,533 +9.8% | $295,035 -1.6% |
| 2008 | $5,040 -0.7% | $299,762 +0.5% |
| 2007 | $5,076 -3.8% | $298,264 +5.5% |
| 2006 | $5,280 | $282,619 +11.8% |
| 2005 | -- | $252,889 +2.3% |
| 2004 | $2,299 +434.6% | $247,090 +3.2% |
| 2003 | $430 -90.5% | $239,528 +3.1% |
| 2002 | $4,513 +1.2% | $232,280 +2.2% |
| 2001 | $4,461 +3.1% | $227,335 +1.7% |
| 2000 | $4,326 +12.6% | $223,551 +0.3% |
| 1999 | $3,844 | $222,899 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Lake Worth Corridor
Nearby schools
GreatSchools rating
- 5/10Diamond View Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 5/10Tradewinds Middle SchoolGrades: 6-8Distance: 0.7 mi
- 2/10Lake Worth High SchoolGrades: PK,9-12Distance: 2.9 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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