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: $25K (4/4)
$400,000
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
- 35 days |
- 276 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: April 04, 2026 at 04:22am
Listed by:
Taujhae Oladejo 561-373-0657,
Gulfstream Real Estate Solutions, Inc
Source: BeachesMLS,MLS#: R11167649
Originating MLS: BeachesMLS
Originating MLS: BeachesMLSFacts & 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: $394,935
- Annual tax amount: $7,115
- Date on market: 3/1/2026
- Cumulative days on market: 35 days
- Listing terms: Cash,Lease Purchase,Other
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,808/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 4/4/2026 | Price change | $400,000-5.9% |
Source:  BeachesMLS #R11167649 Report a problem | ||
| 3/25/2026 | Price change | $425,000-5.6% |
Source: BeachesMLS #R11167649 Report a problem | ||
| 3/1/2026 | Listed for sale | $450,000+40.6% |
Source: BeachesMLS #RX-11167649 Report a problem | ||
| 10/19/2025 | Listing removed | $320,000 |
Source: BeachesMLS #RX-11007270 Report a problem | ||
| 12/26/2024 | Price change | $320,000-5.9% |
Source: BeachesMLS #RX-11007270 Report a problem | ||
| 11/19/2024 | Price change | $340,000-22.7% |
Source: BeachesMLS #RX-11007270 Report a problem | ||
| 7/25/2024 | Listed for sale | $440,000+33.3% |
Source: BeachesMLS #RX-11007270 Report a problem | ||
| 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: BeachesMLS #R10320199 Report a problem | ||
| 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
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 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
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
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: 3 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.
Local experts in 33417
- Florida
- Palm Beach County
- Schall Circle
- 33417
- 4583 Diekhans Road
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