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$ 700,000
Est. payment /mo
Active
6650 Riggers RD Lake Worth, FL 33462
0.82 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Hypoluxo Village 02 Unrec
MLS Listing ID F10549887
HOA Y/N No
Annual Tax Amount $5,848
Tax Year 2024
Lot Size 0.820 Acres
Acres 0.82
Property Sub-Type Unimproved Land
Property Description
Estate Sale | Covered Land Play | Two Lots 35,730 SF lot zoned RS (Single-Family Residential) with an unfinished A-frame structure and a SFR. 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. Existing neighborhood supports $500,000+. The 2 parcels can be subdivided into 6 homesites subject to zoning verification. Parcels include 6040 and 6050 Rigger Rd. Three additional contiguous sites available across the street from the subject property. 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.
Location
State FL
County Palm Beach
Area 5710
Zoning RS
Direction South
Rooms
Other Rooms None
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Present Use Residential,Single Family
Building
Faces South
Additional Building None
Others
Tax ID 00434506020420090
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/6650-Riggers-Rd-Lake-Worth-FL-33462/unbranded
Listed by Peter Dacko III Media Realty
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