Call Now:

Broker IDX Billing System

Broker,REALTOR ®,e-PRO
Broker IDX Sites Inc.
A Winning Team
Active
Property Photos
6650 Riggers Road
Image Gallery

PRICED AT ONLY: $395,000

Address: 6650 Riggers Road, Lake Worth, FL 33462

Description

Estate Sale | 17,859 SF lot zoned RS (Single Family Residential) with an unfinished A frame structure. Typical neighborhood land values range from $15$20/SF, presenting strong redevelopment or tear down potential. Seller to address existing liens and satisfy all outstanding balances at or prior to closing. Economic Drivers, Demand, and the Scarcity of Buildable LandAtlantis, Florida represents one of the most supply constrained residential submarkets in Palm Beach County a fully established, low density community where true buildable vacant lots are increasingly rare. Unlike expanding fringe markets where new land can be readily entitled and delivered, Atlantis is largely built out, placing a premium on infill opportunities and creating a market dynamic driven less by volume and more by scarcity and substitution.The local economy benefits from its strategic positioning within the Central Palm Beach County employment corridor, offering immediate access to regional healthcare, professional services, and coastal tourism employment nodes in Lake Worth Beach, Boynton Beach, and West Palm Beach. This proximity supports steady household formation, relocation demand, and end user interest in new construction, particularly among buyers seeking custom homes in established, non transitional neighborhoods.From a land use perspective, demand for vacant lots in Atlantis is shaped by a limited buyer universe These groups are not competing across dozens of interchangeable sites they are competing for one off opportunities that surface infrequently. As a result, when a clean, buildable lot enters the market, it often attracts disproportionate attention relative to its size, reflecting both the lack of available alternatives and the high replacement cost of acquiring and entitling similar sites.Just beyond Atlantis, Lake Worth Beach functions as the active infill and redevelopment market, where a steady cadence of small lot construction, tear downs, and urban redevelopment reinforces the broader regional demand for buildable land. This adjacent activity serves as a demand spillover mechanism, capturing builders and buyers who would otherwise pursue Atlantis directly, but remain motivated by proximity, neighborhood stability, and access to the same employment and lifestyle drivers.At the county level, continued residential permitting activity even amid higher interest rates and construction cost pressures underscores an enduring appetite for new housing delivery. However, the primary constraint is not builder interest; it is land availability, particularly in established communities with existing infrastructure, zoning clarity, and neighborhood continuity. This imbalance between consistent demand and structurally limited supply positions well located vacant lots as strategic, long duration assets rather than short cycle commodities.In practical terms, the value proposition for a vacant lot in Atlantis is not merely its entitlement for residential use it is its irreplaceability within a mature, built out market. Future supply is largely dependent on property assemblage or tear down scenarios, both of which introduce higher acquisition costs, entitlement risk, and extended development timelines. By contrast, a build ready lot offers immediate execution potential, reduced regulatory friction, and a clearer path to vertical construction.For investors and builders alike, this dynamic supports a thesis centered on capital preservation, optionality, and asymmetric upside. Whether deployed for near term custom home construction or held as a strategic land position in a tightening infill market, vacant lots in Atlantis benefit from the same fundamental driver: demand remains durable, while supply remains structurally finite.
Payment Calculator
  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-

  •   Monthly -
For a Fast & FREE Mortgage Pre-ApprovalApply Now
  • MLS#: F10549887 ( Land & Docks )
  • Street Address: 6650 Riggers Road
  • Viewed: 1
  • Price: $395,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 1
Request More Information
  • All fields are required.
Features
Building and Construction
  • Other Structures: None
Land Information
  • Lot Features: De-Mucked
Finance and Tax Information
  • Tax Year: 2024
Other Features
  • Legal Description: HYPOLUXO VILLAGE PL 2 UNREC LTS 9 & 10 BLK 42 & W 15 FT OF GATOR CREEK LYG E OF & ADJ TO
  • Parcel Number: 00434506020420090
  • Zoning Code: RS
Similar Properties

Active
Details for 6650 Riggers Rd, Lake Worth, FL 33462
$395,000.00

6650 Riggers Rd Virtual Tour More Like This

Estate Sale | 17,859 SF lot zoned RS (Single Family Residential) with an unfinished A frame structure. Typical neighborhood land values range from $15$20/SF, presenting strong redevelopment or tear do

  1. MLSID: F10549887
  2. Provided by Media Realty
  3. Contact Peter Dacko
  4. (954) 923-2325
  5. Fort Lauderdale, FL MLS IDX
  6. DMCA Notice

Contact Info

  1. Broker IDX Sites Inc.
  2. A Winning Team
Broker IDX Billing System