6640 Riggers Road
Lake Worth, FL 33462-3644
$400,000 Active
Situated on a 0.41-acre canal-front parcel in Lake Worth, this opportunity offers a compelling value-add and redevelopment opportunity. The 3BR/2BA home features vaulted ceilings, exposed beams, and an open layout with two bedrooms on the main level and a lofted primary suite above. Expansive windows and French doors lead to a large deck overlooking the canal. Property includes two HVAC systems, laundry, utility space, driveway, and carport. Zoned to allow subdivision into two or three single-family lots, offering multiple strategies: renovate, redevelop, or hold as a covered land play. Ideal for investors, builders, or end-users seeking a waterfront opportunity with upside. The seller is working on providing marketable tile as the property has a lien. Positioned on an oversized 0.41-acre parcel along a tranquil canal in Lake Worth, this architecturally distinctive residence presents a compelling value-add and redevelopment opportunity in a supply-constrained submarket. The existing improvements feature a 3-bedroom, 2-bath wood-frame home with a highly desirable open floor plan anchored by soaring vaulted ceilings, exposed timber trusses, and tongue-and-groove wood decking, delivering volume and character rarely found at this price point. The layout includes two bedrooms on the main level and a second-floor loft and primary suite, creating functional separation and flexible living configurations. Natural light pours into the main living area through expansive glazing, seamlessly connecting the interior to a large wood deck overlooking the canal, accessed via French doors—an ideal canvas for repositioning into a lifestyle-driven product. Operationally, the property is supported by two HVAC systems, a dedicated laundry room, utility space, concrete driveway, and carport. From an investment perspective, the true upside lies in the land. The 0.41-acre site offers sufficient density, per zoning, to subdivide into two single-family parcels, providing multiple exit strategies: Renovate and capitalize on the existing structure. Redevelop into two possibly three new construction homes. Hold as a covered land play with future appreciation The property is in fair condition and primed for renovation, making it well-suited for fix-and-flip investors, builders, or end-users seeking to create a custom waterfront residence. This is a rare opportunity to control a large, subdividable homesite with architectural character and waterfront exposure—a combination that continues to outperform in today's market.
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| Type | Single Family Residence |
|---|---|
| Bedrooms | 3 |
| Bathrooms | 2 |
| Half Baths | 0 |
| Living Area | 1,856 sq ft |
| Total Area | 1,856 sq ft |
| Subdivision | HYPOLUXO VILLAGE 2,HYPOLUXO VILLAGE |
| Zoning | RS |
| Year Built | 1981 |
|---|---|
| Lot Size | 0 sq ft |
| Lot Features | 1/4 To Less Than 1/2 Acre LotLess Than 1 AcreOversized LotSeptic |
| Roof | Comp Shingle RoofShingle |
| Construction | Wood Siding |
| Style | OtherTwo Story |
| Accessibility | - |
| Direction Faces | South |
| Pool | No |
| Pool Features | - |
| Bedrooms | Entry Level |
|---|---|
| Master Bathroom | - |
| Dining Room | Dining/Living Room |
| Living Room | - |
| Flooring | CarpetCeramic FloorTile |
|---|---|
| Interior Features | French DoorsVaulted Ceiling(s)Volume Ceilings |
| Appliances | DishwasherDryerMicrowaveElectric RangeRefrigeratorWasher |
| Cooling | Central Individual A/CCentral Air |
| Heating | Central Individual A/C |
| Exterior Features | - |
|---|---|
| Parking Features | 2 Or More SpacesAwningCoveredDriveway |
| Parking Total | 4 |
| Garage | - |
| Garage Spaces | - |
| Carport | - |
| Carport Spaces | 2 |
| Pets Allowed | Yes |
|---|---|
| Community Features | - |
| Security Features | No Fire ProtectionNo Security |
| Association | No |
| Waterfront | Yes |
|---|---|
| Waterfront Features | Waterfront |
| View | CanalGardenCanal View |
| Water Source | Public |
| Sewer | Public SewerPublic SanitationSeptic TankSewer |
| Annual Amount | 7710 |
|---|---|
| Tax Year | 2025 |
| Elementary School | Starlight Cove |
|---|---|
| Middle School | Lantana |
| High School | Santaluces Community High |
| School District | - |
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