702 N Federal Highway A8, Lake Worth Beach, FL 33460

1 bed · 1 bath · 528 sqft · Built 1959

Charming 1-Bedroom 55+ Co-op in the Desirable Caribe Community - Parrott Cove in East Lake Worth Beach. Discover an incredible opportunity in one of Lake Worth Beach's most sought-after 55+ communities. This freshly painted charming one-bedroom co-op in the Caribe community offers a prime location with an unbeatable walkable coastal lifestyle. This downstairs unit has a newer central air-conditioning system, a brand new water heater, new electric panel and is located in the rear northeast corner of the building, arguably the best unit location in the building away from traffic and a corner unit. Just blocks from the Intracoastal Waterway and an easy 20-minute walk to the beach and pier, this residence places you at the heart of everything Lake Worth Beach has to offer. The community features lush, tropical landscaping that captures the true essence of South Florida living, while the very low HOA fees make ownership even more appealing. Enjoy effortless access to a variety of waterfront activities: a nearby boat and jet ski launch, a kayak/canoe/paddleboard launch just a few blocks away, and Bryant Park for dog owners. World-class shops, cafés, and waterfront dining are only minutes away on foot. Golf enthusiasts will appreciate the Lake Worth Beach Golf Club just .3 miles away (1/3 of a mile), offering walkable access to an Intracoastal-front 18-hole course with clubhouse dining. This vibrant downtown area is experiencing significant revitalization, including the historic restoration of the 1925 Gulfstream Hotel (90 restored rooms + 50 new rooms, 85 apartments, rooftop restaurant, pool, spa/fitness center, and 273-space parking garage). Additional excitement comes from Vanilla Ice's upcoming multi-concept venue at 1000 Lake Ave — featuring a brewery, rooftop bar, speakeasy, and pop-culture museum — slated for a 2026 opening. The Wiener Museum of Decorative Arts (WMODA) is also planning a major mixed-use cultural complex with expanded museum space, arts programming, and new residential condos, all of which are expected to further enhance long-term property values in the area. This turnkey residence offers the perfect blend of comfortable living and is just blocks away from the best that Lake Worth Beach has to offer. Interior photos have been virtually staged and roof photos have been enhanced. All information is deemed reliable but not guaranteed.

Property type

Condominium

Condition

Resale

Year built

1959

Stories

2

Roof

Composition,Flat

Subdivision

CARIBE CO OP APTS INC

Waterfront

No

Waterfront features

None

Private pool

No

HOA (monthly)

$399

Parcel number

38434422300001080

Annual tax

$2,234

County just value

$100,000

Lake Worth Beach combines historic cottages, the casino district, and Lake Worth Lagoon waterfront. A value-anchor adjacent to Palm Beach proper.