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Sold for $2,330,000
    • $2,330,000

    231 S Palmway, Lake Worth, FL 33460

    3beds
    3baths
    7,251sqft
    Quadruplex
    Built in 1947
    -- sqft lot
    $1,283,800 Zestimate®
    $321/sqft
    $2,449 Estimated rent

    Home value

    $1,283,800

    $1.12M - $1.49M

    $2,449/mo

    Zestimate® history
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    $2,449/mo

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    $16,121/mo

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    $16,121/mo

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    What's special

    Lovely courtyardPrivate gardensCoin laundry
    The Wedgewood 223-231 S Palmway is a gated private oasis located within great walkability to downtown Lake Worth and beaches There are 9 units (3) Large 2/1s 1150 sf +/- (5)1/1 and (1) studio. These are not typical units but more like villas as they have private gardens for tenants to enoy as well as a lovely courtyard with gazebo shared amongst the community for tenants to enjoy. In addition there is coin laundry and owners storage. This is a stablized value add opp. where you there is no immedite capex required to increase rents to market. THE PROPERTY IS 100% OCCUPIED, CAN NOT SHOW WITHOUT OFFER. PLEASE SEE OFFERING PACKAGE IN ATTACHMENTS FOR DETAILS.

    Zillow last checked:

    Listing updated:

    Listed by:

    Alexis Shapiro 954-573-4449,

    ONE Commercial LLC

    Bought with:

    Alexis Shapiro, 3346131

    ONE Commercial LLC

    Source: MIAMI,MLS#: A11545531MLS LogoOriginating MLS: A-Miami Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    Heating
    • Central
    Cooling
    • Central Air
    Features
    • Flooring: Tile, Wood
    Interior area
    • Total structure area: 36,207,251
    • Total interior livable area: 7,251 sqft

    Property

    Parking
    • Total spaces: 9
    Features
    • Stories: 1
    • On waterfront: Yes
    • Waterfront features: Bay
    • Frontage type: Bay/Harbor
    Lot
    • Features: 1/4 To Less Than 1/2 Acre Lot
    Details
    • Parcel number: 38434421150970151
    • Zoning: MF-20 (c

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • CBS Construction
    • Roof: Flat Tile
    Condition
    • Year built: 1947

    Utilities & green energy

    • Sewer: Public Sewer

    Community & HOA

    Community
    • Subdivision: Lake Worth Town Of
    HOA
    • Has HOA: No
    Location
    • Region: Lake Worth

    Financial & listing details

    • Price per square foot: $321/sqft
    • Tax assessed value: $912,319
    • Annual tax amount: $30,586
    • Date on market: 3/6/2024
    • Listing terms: All Cash,Conventional

    Price history

    DateEventPrice
    4/15/2024Sold$2,330,000-6.8%$321/sqft
    Source: MIAMI #A11545531 Report a problem
    3/18/2024Contingent$2,500,000$345/sqft
    Source: MIAMI #A11545531 Report a problem
    3/6/2024Listed for sale$2,500,000-13.8%$345/sqft
    Source: MIAMI #A11545531 Report a problem
    12/9/2022Listing removed--
    Source: MIAMI #A11253339 Report a problem
    8/8/2022Listed for sale$2,900,000$400/sqft
    Source: MIAMI #A11253339 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$20,805 +27.7%$912,319 +49%
    2024$16,289 +6.7%$612,159 +10%
    2023$15,271 +6.5%$556,508 +10%
    2022$14,338 +15.3%$505,916 +10%
    2021$12,435 +0.4%$459,924 +1.1%
    2020$12,387 +9.9%$454,730 +18.4%
    2019$11,274 $384,215 -1%
    2018$11,274 +12.7%$388,143 +22.2%
    2017$10,006 +10.8%$317,533 +2.1%
    2016$9,030 +2.7%$310,976 +1.6%
    2015$8,789 +2%$306,135 +4.6%
    2014$8,620 -5.9%$292,680 -4.1%
    2013$9,159 +9.6%$305,336 +10%
    2012$8,353 +3.4%$277,578 +7%
    2011$8,079 +8.4%$259,386 +10%
    2010$7,452 -19.8%$235,805 -26.8%
    2009$9,297 -6%$322,012 -26.5%
    2008$9,889 -17.5%$438,150 -21.6%
    2007$11,987 -5.1%$558,575 +4.2%
    2006$12,632 $536,037 +101.2%
    2005-- $266,446 +21.3%
    2004$3,687 +1639.1%$219,711 +15.8%
    2003$212 -95.5%$189,762 +12.4%
    2002$4,693 +13.2%$168,762 +18.9%
    2001$4,146 +0.8%$141,942
    2000$4,114 +19.1%$141,942 +11.6%
    1999$3,453 $127,143
    Find assessor info on the county website

    Neighborhood: Bryant Park

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    Estimated market value
    $1,283,800
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,283,800

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