Covenant Villas Homes with Starlight Cove Elementary school

Covenant Villas Homes with Starlight Cove Elementary school

**Welcome to Covenant Villas: Your Dream Home Awaits in Lake Worth, FL!**

Nestled in the heart of beautiful Lake Worth, Florida, Covenant Villas offers an exceptional living experience that combines modern luxury with a warm community feel. This stunning development is perfect for families, professionals, and retirees alike, boasting a prime location in Palm Beach County that is rich in culture, recreation, and natural beauty.

Covenant Villas presents a variety of beautifully designed homes, each thoughtfully crafted to provide comfort and style. With spacious layouts, contemporary finishes, and energy-efficient features, these residences are perfect for creating lasting memories. The community is designed with an emphasis on outdoor living, featuring lush landscaping, scenic walking paths, and inviting communal spaces where neighbors can connect and enjoy the Florida sunshine.

Families will appreciate the proximity to Starlight Cove Elementary School, which is just a stone's throw away. This highly-rated school is known for its dedication to academic excellence and a nurturing environment, making Covenant Villas an ideal choice for families with children. Your little ones will thrive in a community that prioritizes education and supports their growth.

Living in Covenant Villas means embracing the vibrant lifestyle that Lake Worth has to offer. With its eclectic downtown, beautiful beaches, and numerous parks, residents can enjoy a plethora of recreational activities, dining options, and cultural experiences. Whether you're taking a stroll along the scenic waterfront or enjoying a meal at a local café, Lake Worth truly has something for everyone.

Discover the charm and convenience of Covenant Villas, where your dream home awaits in a community that feels like family. Come and experience the perfect blend of luxury and community living in sunny Florida!

Newest Covenant Villas Homes with Starlight Cove Elementary school

4614 Gulfstream Road, Lake Worth
$1,250,000
B26089883 MLS ⋅ Covenant Villas BLDG.
Bring your vision to unincorporated Lake Worth! A compelling opportunity for investors, builders, and developers to acquire 1.83 acres in the heart of Lake Worth, Florida, with the potential for a 20-unit multifamily development. This property offers a head start for future development, with several key approvals previously secured, significantly advancing the preliminary planning process. Zoning, water utility, right-of-way, drainage, and Health Department permits have already been previously approved, providing a valuable foundation for the next phase of development. Completed building plans are also available and attached to the MLS, offering additional value and a head start for prospective developers. The proposed unit mix consists of 17 two-bedroom, two-bathroom units and 3 one-bedroom, one-bathroom units. Based on comparable rental rates, the projected rental income could reach approximately $44,500 per month, or $534,000 annually, assuming all 20 units are rented at the estimated market rates of $2,300 per month for the two-bedroom units and $1,800 per month for the one-bedroom units. These figures represent potential gross rental income before expenses, vacancy, and other operating costs. Ideal for investors seeking their next project, builders looking to expand their portfolio, or developers pursuing multifamily opportunities in a central Lake Worth location. With substantial preliminary work already completed, this property presents an opportunity to build on the progress made and explore its full development potential. Buyer to independently verify zoning, approvals, development feasibility, and all intended uses with the appropriate authorities. Seller is open to seller financing.

4614 Gulfstream Road, Lake Worth
4614 Gulfstream Road, Lake Worth
$1,250,000
B26089882 MLS ⋅ Covenant Villas BLDG.
Bring your vision to unincorporated Lake Worth! A compelling opportunity for investors, builders, and developers to acquire 1.83 acres in the heart of Lake Worth, Florida, with the potential for a 20-unit multifamily development. This property offers a head start for future development, with several key approvals previously secured, significantly advancing the preliminary planning process. Zoning, water utility, right-of-way, drainage, and Health Department permits have already been previously approved, providing a valuable foundation for the next phase of development. Completed building plans are also available and attached to the MLS, offering additional value and a head start for prospective developers. The proposed unit mix consists of 17 two-bedroom, two-bathroom units and 3 one-bedroom, one-bathroom units. Based on comparable rental rates, the projected rental income could reach approximately $44,500 per month, or $534,000 annually, assuming all 20 units are rented at the estimated market rates of $2,300 per month for the two-bedroom units and $1,800 per month for the one-bedroom units. These figures represent potential gross rental income before expenses, vacancy, and other operating costs. Ideal for investors seeking their next project, builders looking to expand their portfolio, or developers pursuing multifamily opportunities in a central Lake Worth location. With substantial preliminary work already completed, this property presents an opportunity to build on the progress made and explore its full development potential. Buyer to independently verify zoning, approvals, development feasibility, and all intended uses with the appropriate authorities. Seller is open to seller financing.

4614 Gulfstream Road, Lake Worth
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